Bank Of Milton Mortgage Rates, Fees & Info
Milton, WILEI: 254900FYMABY3EPG2K50
Tax ID: 39-0147920
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Milton is a smaller bank specializing in Home Purchase loans. Bank Of Milton has a high proportion of conventional loans. Their top markets by origination volume include: Janesville, Madison, Milwaukee, and Watertown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Milton 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.
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Originations
53Origination Dollar Volume (All Markets)
$9,215,000Top 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 |
|---|---|---|---|---|---|
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 44 | $7,010,000 | $159,318 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $660,000 | $330,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of Milton 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 | 53 | $9,215,000 | $173,868 | $0 | 0.00% |
For 2024, Bank Of Milton's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
For 2024, Bank Of Milton's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $9,215,000 | $173,868 | $0 | 0.00% |
For 2024, Bank Of Milton's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2024 saw Bank Of Milton place emphasis on $100,000 or less loans with 18 originations, totaling $1,000,000 in origination value.
Applicant Income
Bank Of Milton lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $150k-250k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $9,215,000 | $173,868 | $0 | 0.00% |
Bank Of Milton lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.16%
Bank Of Milton has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.68%
Bank Of Milton has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $9,215,000 | $173,868 |