University Of Wisconsin Credit Union Mortgage Rates, Fees & Info

Madison, WI

LEI: 254900CN1DD55MJDFH69

Tax ID: 39-0671465

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    University Of Wisconsin Credit Union is a small credit union specializing in Refi and Home Purchase loans. University Of Wisconsin Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Madison, Milwaukee, Janesville, Baraboo, and Watertown among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    University Of Wisconsin Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. University Of Wisconsin Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 3.67% 4/18/24
    30 Year Conventional Purchase 6.06% 4/18/24
    30 Year Conventional Refi 6.07% 4/18/24
    30 Year Cash-out Refi 6.07% 4/18/24
    30 Year FHA Purchase 7.26% 4/18/24
    30 Year VA Purchase 6.88% 4/18/24
    15 Year Conventional Purchase 5.80% 4/18/24
    15 Year Conventional Refi 5.75% 4/18/24
    15 Year Cash-out Refi 5.75% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    University Of Wisconsin Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from University Of Wisconsin Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    9,412

    Origination Dollar Volume (All Markets)

    $1,292,440,000
    Show all (18) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    MADISON, WI (FHA|USDA|VA) 5,860 $850,710,000 $145,172 $2,283 3.02%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2,284 $293,990,000 $128,717 $2,290 3.12%
    Outside of Metro Areas 175 $22,515,000 $128,657 $2,225 3.18%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 161 $17,705,000 $109,969 $2,209 3.22%
    Baraboo, WI (FHA|USDA|VA) 120 $15,290,000 $127,417 $2,298 3.21%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 113 $13,485,000 $119,336 $2,652 3.35%
    GREEN BAY, WI (FHA|USDA|VA) 108 $12,080,000 $111,852 $1,973 3.02%
    Stevens Point, WI (FHA|USDA|VA) 126 $11,900,000 $94,444 $2,367 3.05%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 56 $6,980,000 $124,643 $2,137 3.14%
    RACINE, WI (FHA|USDA|VA) 60 $6,950,000 $115,833 $2,499 3.32%
    Whitewater, WI (FHA|USDA|VA) 53 $6,555,000 $123,679 $2,420 2.94%
    APPLETON, WI (FHA|USDA|VA) 44 $6,230,000 $141,591 $2,160 3.41%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 46 $6,160,000 $133,913 $1,960 3.32%
    Beaver Dam, WI (FHA|USDA|VA) 50 $4,830,000 $96,600 $2,230 3.21%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 26 $3,360,000 $129,231 $2,180 3.19%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 22 $2,420,000 $110,000 $2,215 3.05%
    SHEBOYGAN, WI (FHA|USDA|VA) 21 $2,005,000 $95,476 $2,502 3.27%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 19 $1,725,000 $90,789 $1,834 3.50%
    FOND DU LAC, WI (FHA|USDA|VA) 20 $1,540,000 $77,000 $1,458 3.42%
    EAU CLAIRE, WI (FHA|USDA|VA) 10 $1,420,000 $142,000 $3,216 3.48%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 7 $1,395,000 $199,286 $2,360 3.64%
    Platteville, WI (FHA|USDA|VA) 11 $945,000 $85,909 $1,955 3.25%
    Manitowoc, WI (FHA|USDA|VA) 8 $870,000 $108,750 $2,229 3.12%
    Shawano, WI (FHA|USDA|VA) 6 $840,000 $140,000 $1,978 2.89%
    Marinette, WI-MI (FHA|USDA|VA) 2 $230,000 $115,000 $1,641 2.81%
    Menomonie, WI (FHA|USDA|VA) 3 $165,000 $55,000 $0 1.99%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,138 3.75%
    University Of Wisconsin Credit Union's top markets include Madison, Milwaukee, Janesville, Baraboo, and Watertown among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against University of Wisconsin Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AppleTree Credit Union
    Similarity Rank: 8
    Firefighters Credit Union
    Similarity Rank: 66
    PROSPERA Credit Union
    Similarity Rank: 70
    Liberty Bank for Savings
    Similarity Rank: 85
    Prevail Bank
    Similarity Rank: 96
    NORTHWESTERN MUTUAL
    Similarity Rank: 117
    The Bank of Kaukauna
    Similarity Rank: 119
    Empower Credit Union
    Similarity Rank: 144
    UNITEDONE Credit Union
    Similarity Rank: 165
    Fox Valley Savings Bank
    Similarity Rank: 182

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 5,034 $350,210,000 $69,569 n/a 2.51%
    Conventional 4,348 $935,750,000 $215,214 $2,255 3.71%
    FHA 16 $2,980,000 $186,250 $6,350 3.88%
    VA 14 $3,500,000 $250,000 $5,338 3.75%

    For 2019, University Of Wisconsin Credit Union's most frequently originated type of loan was HELOC, with 5,034 originations. Their 2nd most popular type was Conventional, with 4,348 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 3,121 $408,845,000 $130,998 $1,519 2.73%
    Home Purchase 2,394 $546,220,000 $228,162 $2,847 3.88%
    Home Improvement 1,918 $108,200,000 $56,413 $5 2.58%
    Other 1,164 $69,730,000 $59,905 $0 2.80%
    Cash Out Refi 815 $159,445,000 $195,638 $1,779 3.48%

    For 2019, University Of Wisconsin Credit Union's most frequently cited loan purpose was Refi, with 3,121 originations. The 2nd most popular reason was Home Purchase, with 2,394 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 5,056 $350,710,000 $69,365 $6 2.51%
    30 Year 3,152 $726,620,000 $230,527 $2,686 3.86%
    15 Year 543 $113,245,000 $208,554 $1,961 3.37%
    Other 504 $73,950,000 $146,726 $166 3.07%
    20 Year 124 $24,100,000 $194,355 $2,507 3.66%
    10 Year 33 $3,815,000 $115,606 $1,510 4.59%

    For 2019, University Of Wisconsin Credit Union's most frequently cited loan duration was 5 Year, with 5,056 originations. The 2nd most popular length was 30 Year, with 3,152 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,954 $576,690,000 $195,223
    $1k-2k 962 $242,510,000 $252,089
    $2k-3k 261 $67,485,000 $258,563
    $3k-4k 122 $31,910,000 $261,557
    $4k-5k 42 $12,440,000 $296,190
    $5k+ 36 $11,050,000 $306,944

    University Of Wisconsin Credit Union's average total fees were $2,686, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,954 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 3,257 $263,915,000 $81,030
    3-4% 3,073 $693,365,000 $225,631
    2.5-3% 1,934 $143,450,000 $74,173
    4-5% 845 $180,945,000 $214,136
    5-6% 288 $10,110,000 $35,104
    6-7% 14 $590,000 $42,143
    7-8% 1 $65,000 $65,000

    During 2019, University Of Wisconsin Credit Union's average interest rate for loans was 3.86%, while their most frequently originated rate bucket for loans was <2.5%, with 3,257 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,367 $216,645,000 $49,610 $1,207 2.72%
    $100k-200k 2,554 $370,840,000 $145,200 $1,915 3.14%
    $200k-400k 2,297 $613,955,000 $267,286 $2,685 3.60%
    $400k-600k 186 $83,980,000 $451,505 $3,324 3.63%
    $600k-1MM 5 $3,485,000 $697,000 $2,521 3.50%
    $1MM+ 3 $3,535,000 $1,178,333 $3,450 3.71%

    2019 saw University Of Wisconsin Credit Union place emphasis on $100,000 or less loans with 4,367 originations, totaling $216,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,777 $384,965,000 $138,626 $2,298 3.06%
    $50k-75k 1,823 $227,575,000 $124,835 $2,128 3.20%
    $75k-100k 1,802 $250,350,000 $138,929 $2,279 3.15%
    $150k-250k 1,745 $258,465,000 $148,117 $2,534 2.90%
    $50k or less 738 $71,790,000 $97,276 $2,095 3.17%
    $250k+ 437 $86,055,000 $196,922 $2,769 2.73%

    University Of Wisconsin Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2,777 originations. The second most popular income band? $50k-75k, with 1,823 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,235 $416,945,000 $128,886 $2,191 2.98%
    30-36% 1,785 $259,715,000 $145,499 $2,386 3.23%
    <20% 1,653 $183,215,000 $110,838 $1,953 2.62%
    37% 274 $42,740,000 $155,985 $2,412 3.36%
    36% 264 $40,010,000 $151,553 $2,501 3.37%
    39% 250 $38,450,000 $153,800 $2,272 3.32%
    38% 239 $38,245,000 $160,021 $2,385 3.26%
    41% 229 $34,935,000 $152,555 $2,002 3.28%
    42% 203 $33,075,000 $162,931 $2,572 3.45%
    43% 203 $35,515,000 $174,951 $2,292 3.48%
    40% 202 $32,260,000 $159,703 $2,458 3.31%
    44% 176 $28,520,000 $162,045 $2,152 3.44%
    45% 141 $22,995,000 $163,085 $2,975 3.35%
    47% 117 $19,245,000 $164,487 $2,267 3.42%
    50-60% 117 $13,815,000 $118,077 $3,361 2.67%
    46% 110 $17,420,000 $158,364 $2,450 3.43%
    48% 104 $17,820,000 $171,346 $2,442 3.34%
    49% 90 $14,960,000 $166,222 $2,567 3.43%
    >60% 19 $2,435,000 $128,158 $1,375 2.78%

    University Of Wisconsin Credit Union lent most frequently to those with DTI ratios of 20-30%, with 3,235 originations. The next most common DTI ratio? 30-36%, with 1,785 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,675 $1,071,045,000 $139,550 $2,280 3.07%
    Not provided 1,203 $143,055,000 $118,915 $2,213 2.98%
    Asian 275 $43,735,000 $159,036 $2,433 3.04%
    Black 165 $19,335,000 $117,182 $2,418 3.41%
    American Indian 41 $5,375,000 $131,098 $2,106 3.02%
    Asian Indian 21 $4,275,000 $203,571 $1,992 3.25%
    Other Asian 12 $2,240,000 $186,667 $2,138 3.59%
    Chinese 9 $2,205,000 $245,000 $2,941 3.44%
    Native Hawaiian or Islander 9 $835,000 $92,778 $1,162 2.85%
    Guamanian 1 $325,000 $325,000 $5,181 3.63%
    Filipino 1 $15,000 $15,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    92.23%

    University Of Wisconsin Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.26%

    University Of Wisconsin Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,412 $1,292,440,000 $137,318

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $500,000 $125,000
    Single Family (1-4 Units):Site-Built 9,408 $1,291,940,000 $137,324

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,059 $175,915,000 $85,437 $947 2.49%
    40-60% 936 $151,500,000 $161,859 $1,320 2.89%
    60-80% 1,879 $409,435,000 $217,900 $2,366 3.43%
    80-100% 1,935 $449,585,000 $232,344 $2,698 3.83%
    Over 100% 4 $1,180,000 $295,000 $10,722 3.75%
    Under 20% 2,599 $104,825,000 $40,333 $345 2.76%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Unifirst Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%