University Of Wisconsin Credit Union Mortgage Rates, Fees & Info
Madison, WILEI: 254900CN1DD55MJDFH69
Tax ID: 39-0671465
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Mortgage Data
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 28 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 3.67% | 11/21/24 |
| 30 Year Conventional Purchase | 6.06% | 11/21/24 |
| 30 Year Conventional Refi | 6.07% | 11/21/24 |
| 30 Year Cash-out Refi | 6.07% | 11/21/24 |
| 30 Year FHA Purchase | 7.26% | 11/21/24 |
| 30 Year VA Purchase | 6.88% | 11/21/24 |
| 15 Year Conventional Purchase | 5.80% | 11/21/24 |
| 15 Year Conventional Refi | 5.75% | 11/21/24 |
| 15 Year Cash-out Refi | 5.75% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
15,148Origination Dollar Volume (All Markets)
$2,607,160,000Awards
University of Wisconsin Credit Union - 2020
University of Wisconsin Credit Union is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 9,446 | $1,723,840,000 | $182,494 | $1,993 | 2.79% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3,701 | $600,285,000 | $162,195 | $2,029 | 2.82% |
| Outside of Metro Areas | 291 | $41,725,000 | $143,385 | $2,088 | 2.78% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 285 | $38,245,000 | $134,193 | $2,265 | 2.94% |
| Baraboo, WI (FHA|USDA|VA) | 177 | $27,705,000 | $156,525 | $2,195 | 3.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 176 | $27,140,000 | $154,205 | $2,353 | 2.86% |
| GREEN BAY, WI (FHA|USDA|VA) | 165 | $24,715,000 | $149,788 | $1,990 | 2.82% |
| Stevens Point, WI (FHA|USDA|VA) | 181 | $23,095,000 | $127,597 | $1,590 | 2.79% |
| RACINE, WI (FHA|USDA|VA) | 112 | $17,480,000 | $156,071 | $2,401 | 2.83% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 95 | $11,945,000 | $125,737 | $1,695 | 2.82% |
| APPLETON, WI (FHA|USDA|VA) | 73 | $11,725,000 | $160,616 | $1,730 | 2.80% |
| Whitewater, WI (FHA|USDA|VA) | 74 | $9,750,000 | $131,757 | $1,856 | 2.73% |
| Beaver Dam, WI (FHA|USDA|VA) | 61 | $7,645,000 | $125,328 | $1,833 | 2.83% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 43 | $6,335,000 | $147,326 | $1,958 | 2.82% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 41 | $6,125,000 | $149,390 | $1,394 | 2.81% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 47 | $5,355,000 | $113,936 | $1,800 | 2.93% |
| FOND DU LAC, WI (FHA|USDA|VA) | 36 | $4,690,000 | $130,278 | $1,740 | 2.91% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 33 | $4,605,000 | $139,545 | $1,602 | 2.92% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 31 | $3,755,000 | $121,129 | $2,145 | 2.93% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 15 | $2,025,000 | $135,000 | $1,399 | 2.85% |
| Platteville, WI (FHA|USDA|VA) | 18 | $1,980,000 | $110,000 | $1,922 | 2.66% |
| Marinette, WI-MI (FHA|USDA|VA) | 15 | $1,965,000 | $131,000 | $1,908 | 2.81% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 10 | $1,950,000 | $195,000 | $1,398 | 2.82% |
| Shawano, WI (FHA|USDA|VA) | 8 | $1,720,000 | $215,000 | $2,078 | 2.87% |
| Manitowoc, WI (FHA|USDA|VA) | 9 | $875,000 | $97,222 | $1,458 | 3.23% |
| Menomonie, WI (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $1,568 | 2.29% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,470 | 3.00% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,845 | 3.00% |
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.
Similarity Rank: 35
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Product Mix
For 2020, University Of Wisconsin Credit Union's most frequently originated type of loan was Conventional, with 10,599 originations. Their 2nd most popular type was HELOC, with 4,538 originations.
Loan Reason
For 2020, University Of Wisconsin Credit Union's most frequently cited loan purpose was Refi, with 7,247 originations. The 2nd most popular reason was Home Purchase, with 2,530 originations.
Loan Duration/Length
For 2020, University Of Wisconsin Credit Union's most frequently cited loan duration was 30 Year, with 5,898 originations. The 2nd most popular length was 5 Year, with 4,563 originations.
Origination Fees/Closing Costs
University Of Wisconsin Credit Union's average total fees were $2,640, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6,827 originations.
Interest Rates
During 2020, University Of Wisconsin Credit Union's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 7,444 originations.
Loan Sizing
2020 saw University Of Wisconsin Credit Union place emphasis on $200k-400k loans with 5,246 originations, totaling $1,406,530,000 in origination value.
Applicant Income
University Of Wisconsin Credit Union lent most frequently to those with incomes in the $100k-150k range, with 4,520 originations. The second most popular income band? $75k-100k, with 3,035 originations.
Applicant Debt to Income Ratio
University Of Wisconsin Credit Union lent most frequently to those with DTI ratios of 20-30%, with 5,327 originations. The next most common DTI ratio? 30-36%, with 3,018 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.97%
University Of Wisconsin Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination69.10%
University Of Wisconsin Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 15,148 | $2,607,160,000 | $172,112 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Universal Capital Services, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |
| Universal Capital Services, Inc. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |