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 markets by origination volume include: Wausau, Stevens Point, Wisconsin Rapids, and Shawano among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Brokaw Credit Union has an 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.

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    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

    104

    Origination Dollar Volume (All Markets)

    $14,090,000

    Awards

    Brokaw Credit Union 30 Year Conventional Loans gold Brokaw Credit Union 30 Year Conventional Loans gold Brokaw Credit Union 30 Year Conventional Loans silver
    Show all (3) 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
    WAUSAU-WESTON, WI (FHA|USDA|VA) 90 $12,080,000 $134,222 $1,258 3.38%
    Stevens Point, WI (FHA|USDA|VA) 8 $1,170,000 $146,250 $1,328 2.98%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $365,000 $365,000 $1,630 3.00%
    Outside of Metro Areas 1 $255,000 $255,000 $1,880 2.50%
    Shawano, WI (FHA|USDA|VA) 4 $220,000 $55,000 $929 3.83%
    Brokaw Credit Union's top markets include Wausau, Stevens Point, Wisconsin Rapids, and Shawano 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.

    Brokaw Credit Union
    Similarity Rank: 35
    Peoples State Bank
    Similarity Rank: 264
    Prevail Bank
    Similarity Rank: 450
    IncredibleBank
    Similarity Rank: 469
    mBank
    Similarity Rank: 517
    University of Wisconsin Credit Union
    Similarity Rank: 532
    Bank Five Nine
    Similarity Rank: 637
    CoVantage Credit Union
    Similarity Rank: 1085
    Royal Credit Union
    Similarity Rank: 1443
    Nicolet National Bank
    Similarity Rank: 2295

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $14,090,000 $135,481 $1,260 3.35%

    For 2020, Brokaw Credit Union's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 44 $4,870,000 $110,682 $1,038 3.57%
    Refi 36 $6,010,000 $166,944 $1,437 2.90%
    Home Purchase 19 $2,995,000 $157,632 $1,733 3.18%
    Home Improvement 4 $200,000 $50,000 $123 5.26%
    Other 1 $15,000 $15,000 $214 5.75%

    For 2020, Brokaw Credit Union's most frequently cited loan purpose was Cash Out Refi, with 44 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 54 $8,910,000 $165,000 $1,531 3.13%
    15 Year 17 $2,465,000 $145,000 $1,494 2.61%
    10 Year 14 $830,000 $59,286 $399 4.87%
    Other 12 $1,180,000 $98,333 $769 3.66%
    20 Year 5 $605,000 $121,000 $1,502 3.18%
    5 Year 2 $100,000 $50,000 $317 3.85%

    For 2020, Brokaw Credit Union's most frequently cited loan duration was 30 Year, with 54 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 104 $14,090,000 $135,481

    Brokaw Credit Union's average total fees were $1,531, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 39 $5,315,000 $136,282
    2.5-3% 38 $5,940,000 $156,316
    <2.5% 10 $1,550,000 $155,000
    4-5% 8 $750,000 $93,750
    5-6% 7 $425,000 $60,714
    6-7% 2 $110,000 $55,000

    During 2020, Brokaw Credit Union's average interest rate for loans was 3.13%, while their most frequently originated rate bucket for loans was 3-4%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $7,825,000 $137,281 $1,441 3.18%
    $100,000 or less 32 $2,000,000 $62,500 $802 3.88%
    $200k-400k 13 $3,415,000 $262,692 $1,539 2.95%
    $400k-600k 2 $850,000 $425,000 $1,633 2.45%

    2020 saw Brokaw Credit Union place emphasis on $100k-200k loans with 57 originations, totaling $7,825,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 30 $3,450,000 $115,000 $1,317 3.31%
    $100k-150k 25 $4,325,000 $173,000 $1,200 3.39%
    $50k or less 24 $2,200,000 $91,667 $1,207 3.37%
    $75k-100k 18 $2,740,000 $152,222 $1,313 3.48%
    $150k-250k 7 $1,375,000 $196,429 $1,281 3.07%

    Brokaw Credit Union lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $100k-150k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $5,035,000 $136,081 $1,312 3.24%
    30-36% 23 $3,555,000 $154,565 $1,322 3.13%
    <20% 16 $2,120,000 $132,500 $1,263 3.17%
    41% 6 $820,000 $136,667 $1,308 3.60%
    40% 5 $655,000 $131,000 $1,396 3.21%
    39% 5 $415,000 $83,000 $533 5.18%
    37% 3 $275,000 $91,667 $845 3.63%
    36% 2 $270,000 $135,000 $1,555 3.19%
    43% 1 $135,000 $135,000 $1,605 4.48%
    44% 1 $185,000 $185,000 $1,585 2.88%
    46% 1 $85,000 $85,000 $446 3.19%
    48% 1 $95,000 $95,000 $1,705 3.00%
    50-60% 1 $15,000 $15,000 $214 5.75%
    38% 1 $235,000 $235,000 $1,605 2.88%
    42% 1 $195,000 $195,000 $1,605 3.13%

    Brokaw Credit Union lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $12,640,000 $134,468 $1,270 3.39%
    Not provided 9 $1,265,000 $140,556 $1,177 3.02%
    Asian 1 $185,000 $185,000 $1,110 2.88%

    Approval Rates

    Total approvals of all applications
    86.75%

    Brokaw Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.04%

    Brokaw Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 104 $14,090,000 $135,481

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 104 $14,090,000 $135,481

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,360,000 $75,556 $834 3.96%
    40-60% 20 $2,570,000 $128,500 $1,189 3.28%
    60-80% 43 $6,905,000 $160,581 $1,393 3.13%
    80-100% 20 $3,210,000 $160,500 $1,589 3.14%
    Under 20% 3 $45,000 $15,000 $197 4.83%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Brock & Scott, PLLC Conventional home mortgage Trouble during payment process 1 100.0%