Bank Of Milton Mortgage Rates, Fees & Info
Milton, WILEI: 254900FYMABY3EPG2K50
Tax ID: 39-0147920
Latest/2023 | 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 and Refi loans. Bank Of Milton has a high proportion of conventional loans. Their top markets by origination volume include: Janesville, Madison, and Watertown among others. We have data for 4 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
71Origination Dollar Volume (All Markets)
$14,695,000Top 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) | 65 | $10,635,000 | $163,615 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $3,140,000 | $1,570,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $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 | 71 | $14,695,000 | $206,972 | $0 | 0.00% |
For 2022, Bank Of Milton's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 41 | $10,815,000 | $263,780 | $0 | 0.00% |
| Refi | 27 | $3,695,000 | $136,852 | $0 | 0.00% |
| Other | 3 | $185,000 | $61,667 | $0 | 0.00% |
For 2022, Bank Of Milton's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $14,695,000 | $206,972 | $0 | 0.00% |
For 2022, Bank Of Milton's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2022 saw Bank Of Milton place emphasis on $100,000 or less loans with 26 originations, totaling $1,790,000 in origination value.
Applicant Income
Bank Of Milton lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $14,695,000 | $206,972 | $0 | 0.00% |
Bank Of Milton lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.01%
Bank Of Milton has an average approval rate.
Pick Rate
Approvals leading to origination85.92%
Bank Of Milton has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $14,695,000 | $206,972 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |