Brokaw Credit Union Mortgage Rates, Fees & Info

Weston, WI

LEI: 254900F5ZZOQMXYF0M92

Tax ID: 39-0936429

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

Jump to:

  • 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

    Brokaw Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Brokaw Credit Union has a high proportion of conventional loans. Their top (well, only) market is Wausau.

    Brokaw 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. Brokaw 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.86% 5/4/24
    30 Year Conventional Refi 6.29% 5/4/24
    30 Year Cash-out Refi 6.73% 5/4/24
    15 Year Conventional Purchase 6.02% 5/4/24
    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.

    Brokaw Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Brokaw 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

    52

    Origination Dollar Volume (All Markets)

    $4,420,000

    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
    WAUSAU-WESTON, WI (FHA|USDA|VA) 49 $4,245,000 $86,633 $676 4.48%
    Outside of Metro Areas 3 $175,000 $58,333 $1,038 4.67%
    Brokaw Credit Union's top markets include and Wausau among others.

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

    • Similar Lenders

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

    Prevail Bank
    Similarity Rank: 48
    Peoples State Bank
    Similarity Rank: 253
    CoVantage Credit Union
    Similarity Rank: 368
    University of Wisconsin Credit Union
    Similarity Rank: 432
    IncredibleBank
    Similarity Rank: 440
    Royal Credit Union
    Similarity Rank: 816
    mBank
    Similarity Rank: 870
    Bank Five Nine
    Similarity Rank: 1088
    Nicolet National Bank
    Similarity Rank: 1475
    Associated Bank
    Similarity Rank: 1529

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $4,420,000 $85,000 $697 4.49%

    For 2019, Brokaw Credit Union's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 19 $1,665,000 $87,632 $510 4.57%
    Refi 15 $1,315,000 $87,667 $871 4.10%
    Home Improvement 10 $370,000 $37,000 $214 5.08%
    Home Purchase 7 $1,005,000 $143,571 $1,594 4.22%
    Other 1 $65,000 $65,000 $189 4.85%

    For 2019, Brokaw Credit Union's most frequently cited loan purpose was Cash Out Refi, with 19 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 21 $1,185,000 $56,429 $355 4.88%
    Other 12 $940,000 $78,333 $591 4.40%
    30 Year 8 $1,540,000 $192,500 $1,631 4.14%
    5 Year 6 $220,000 $36,667 $176 4.53%
    20 Year 3 $355,000 $118,333 $1,332 3.63%
    15 Year 2 $180,000 $90,000 $1,809 3.50%

    For 2019, Brokaw Credit Union's most frequently cited loan duration was 10 Year, with 21 originations. The 2nd most popular length was Other, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 52 $4,420,000 $85,000

    Brokaw Credit Union's average total fees were $1,631, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 52 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 22 $2,510,000 $114,091
    4-5% 17 $1,175,000 $69,118
    5-6% 10 $540,000 $54,000
    6-7% 2 $120,000 $60,000
    2.5-3% 1 $75,000 $75,000

    During 2019, Brokaw Credit Union's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,005,000 $54,189 $431 4.72%
    $100k-200k 11 $1,485,000 $135,000 $1,265 3.96%
    $200k-400k 4 $930,000 $232,500 $1,596 3.88%

    2019 saw Brokaw Credit Union place emphasis on $100,000 or less loans with 37 originations, totaling $2,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 18 $1,290,000 $71,667 $599 4.26%
    $100k-150k 16 $1,270,000 $79,375 $575 4.53%
    $75k-100k 11 $1,135,000 $103,182 $820 4.70%
    $50k or less 5 $305,000 $61,000 $865 4.97%
    $150k-250k 2 $420,000 $210,000 $1,473 4.00%

    Brokaw Credit Union lent most frequently to those with incomes in the $50k-75k range, with 18 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $1,410,000 $78,333 $727 4.39%
    30-36% 10 $850,000 $85,000 $606 4.69%
    <20% 8 $920,000 $115,000 $889 3.84%
    40% 3 $465,000 $155,000 $1,225 4.53%
    36% 3 $195,000 $65,000 $625 5.23%
    46% 2 $90,000 $45,000 $989 4.57%
    38% 2 $120,000 $60,000 $564 3.90%
    41% 2 $100,000 $50,000 $189 5.60%
    43% 2 $140,000 $70,000 $224 5.43%
    39% 1 $105,000 $105,000 $326 3.90%
    42% 1 $25,000 $25,000 $189 4.75%

    Brokaw Credit Union lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $4,085,000 $86,915 $713 4.50%
    Not provided 5 $335,000 $67,000 $549 4.43%

    Approval Rates

    Total approvals of all applications
    90.91%

    Brokaw Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.62%

    Brokaw Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 52 $4,420,000 $85,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 51 $4,365,000 $85,588

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $625,000 $48,077 $251 5.12%
    40-60% 8 $660,000 $82,500 $513 4.26%
    60-80% 13 $1,655,000 $127,308 $1,227 4.15%
    80-100% 8 $1,140,000 $142,500 $1,353 4.09%
    Under 20% 10 $340,000 $34,000 $210 4.64%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Brock & Scott, PLLC Conventional home mortgage Struggling to pay mortgage 1 33.3%
    Brock & Scott, PLLC Other type of mortgage Trouble during payment process 2 66.7%