Marathon Bank Mortgage Rates, Fees & Info

Wausau, WI

LEI: 254900GG6WW4AAUFXJ50

Tax ID: 39-0449690

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Mortgage Data

Review & Overview

Marathon Bank is a smaller bank specializing in Home Purchase and Refi loans. Marathon Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Wausau, Chicago, Whitewater, and Miami among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Marathon Bank 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.

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Originations

78

Origination Dollar Volume (All Markets)

$32,740,000

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
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 33 $20,475,000 $620,455 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 32 $4,260,000 $133,125 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 1 $1,705,000 $1,705,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $940,000 $470,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 2 $870,000 $435,000 $0 0.00%
Outside of Metro Areas 2 $660,000 $330,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Shawano, WI (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
Marathon Bank's top markets include Milwaukee, Wausau, Chicago, Whitewater, and Miami among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $32,740,000 $419,744 $0 0.00%

    For 2022, Marathon Bank's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $14,265,000 $365,769 $0 0.00%
    Refi 23 $16,985,000 $738,478 $0 0.00%
    Cash Out Refi 8 $1,240,000 $155,000 $0 0.00%
    Home Improvement 6 $200,000 $33,333 $0 0.00%
    Other 2 $50,000 $25,000 $0 0.00%

    For 2022, Marathon Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $32,740,000 $419,744 $0 0.00%

    For 2022, Marathon Bank's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $2,905,000 $138,333 $0 0.00%
    $100,000 or less 18 $930,000 $51,667 $0 0.00%
    $200k-400k 14 $3,900,000 $278,571 $0 0.00%
    $400k-600k 9 $4,475,000 $497,222 $0 0.00%
    $1MM+ 8 $14,260,000 $1,782,500 $0 0.00%
    $600k-1MM 8 $6,270,000 $783,750 $0 0.00%

    2022 saw Marathon Bank place emphasis on $100k-200k loans with 21 originations, totaling $2,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 19 $2,905,000 $152,895 $0 0.00%
    $250k+ 11 $5,415,000 $492,273 $0 0.00%
    $50k or less 9 $1,025,000 $113,889 $0 0.00%
    $100k-150k 5 $355,000 $71,000 $0 0.00%
    $150k-250k 5 $1,435,000 $287,000 $0 0.00%
    $75k-100k 5 $625,000 $125,000 $0 0.00%

    Marathon Bank lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $250k+, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $32,740,000 $419,744 $0 0.00%

    Marathon Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 23 $20,125,000 $875,000 $0 0.00%
    White 53 $12,235,000 $230,849 $0 0.00%
    American Indian 1 $255,000 $255,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.85%

    Marathon Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.05%

    Marathon Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $32,740,000 $419,744

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    78 $32,740,000 $419,744