Brokaw Credit Union Mortgage Rates, Fees & Info
Weston, WILEI: 254900F5ZZOQMXYF0M92
Tax ID: 39-0936429
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Mortgage Data
Review & Overview
Brokaw Credit Union is a smaller credit union specializing in Cash Out 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, Appleton, and Wisconsin Rapids 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 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 7.86% | 12/16/24 |
| 30 Year Conventional Refi | 6.29% | 12/16/24 |
| 30 Year Cash-out Refi | 6.73% | 12/16/24 |
| 15 Year Conventional Purchase | 6.02% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
31Origination Dollar Volume (All Markets)
$3,045,000Top 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) | 24 | $2,110,000 | $87,917 | $779 | 4.69% |
| Outside of Metro Areas | 3 | $415,000 | $138,333 | $1,673 | 4.21% |
| Stevens Point, WI (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $938 | 5.61% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,154 | 6.88% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,784 | 4.12% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 31 | $3,045,000 | $98,226 | $952 | 4.76% |
For 2022, Brokaw Credit Union's most frequently originated type of loan was Conventional, with 31 originations.
Loan Reason
For 2022, Brokaw Credit Union's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
For 2022, Brokaw Credit Union's most frequently cited loan duration was 10 Year, with 10 originations. The 2nd most popular length was 30 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 31 | $3,045,000 | $98,226 |
Brokaw Credit Union's average total fees were $1,972, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
During 2022, Brokaw Credit Union's average interest rate for loans was 5.77%, while their most frequently originated rate bucket for loans was 5-6%, with 9 originations.
Loan Sizing
2022 saw Brokaw Credit Union place emphasis on $100,000 or less loans with 19 originations, totaling $1,155,000 in origination value.
Applicant Income
Brokaw Credit Union lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
Brokaw Credit Union lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? 30-36%, with 7 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 31 | $3,045,000 | $98,226 | $952 | 4.76% |
Approval Rates
Total approvals of all applications95.35%
Brokaw Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.87%
Brokaw Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 31 | $3,045,000 | $98,226 |