Cloverbelt Credit Union Mortgage Rates, Fees & Info

Wausau, WI

LEI: 254900KOP6JY8A0DIV80

Tax ID: 39-0926186

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Mortgage Data

Review & Overview

Cloverbelt Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Cloverbelt Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Stevens Point, Wisconsin Rapids, Green Bay, and Shawano among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cloverbelt 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.

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Originations

201

Origination Dollar Volume (All Markets)

$25,905,000

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
WAUSAU-WESTON, WI (FHA|USDA|VA) 181 $23,685,000 $130,856 $0 0.00%
Outside of Metro Areas 7 $785,000 $112,143 $0 0.00%
Stevens Point, WI (FHA|USDA|VA) 5 $405,000 $81,000 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 3 $345,000 $115,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Shawano, WI (FHA|USDA|VA) 3 $325,000 $108,333 $0 0.00%
Marinette, WI-MI (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Cloverbelt Credit Union's top markets include Wausau, Stevens Point, Wisconsin Rapids, Green Bay, 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 Cloverbelt Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Prevail Bank
    Similarity Rank: 48
    Peoples State Bank
    Similarity Rank: 253
    CoVantage Credit Union
    Similarity Rank: 368
    IncredibleBank
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    mBank
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    Nicolet National Bank
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    Associated Bank
    Similarity Rank: 1529

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 201 $25,905,000 $128,881 $0 0.00%

    For 2019, Cloverbelt Credit Union's most frequently originated type of loan was Conventional, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 92 $11,410,000 $124,022 $0 0.00%
    Home Purchase 80 $11,220,000 $140,250 $0 0.00%
    Home Improvement 17 $1,715,000 $100,882 $0 0.00%
    Refi 12 $1,560,000 $130,000 $0 0.00%

    For 2019, Cloverbelt Credit Union's most frequently cited loan purpose was Cash Out Refi, with 92 originations. The 2nd most popular reason was Home Purchase, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 201 $25,905,000 $128,881 $0 0.00%

    For 2019, Cloverbelt Credit Union's most frequently cited loan duration was Other, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 85 $5,185,000 $61,000 $0 0.00%
    $100k-200k 82 $11,620,000 $141,707 $0 0.00%
    $200k-400k 33 $8,685,000 $263,182 $0 0.00%
    $400k-600k 1 $415,000 $415,000 $0 0.00%

    2019 saw Cloverbelt Credit Union place emphasis on $100,000 or less loans with 85 originations, totaling $5,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $5,750,000 $115,000 $0 0.00%
    $50k or less 49 $3,895,000 $79,490 $0 0.00%
    $100k-150k 46 $7,510,000 $163,261 $0 0.00%
    $75k-100k 38 $4,930,000 $129,737 $0 0.00%
    $150k-250k 14 $3,060,000 $218,571 $0 0.00%
    $250k+ 2 $570,000 $285,000 $0 0.00%

    Cloverbelt Credit Union lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $50k or less, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 201 $25,905,000 $128,881 $0 0.00%

    Cloverbelt Credit Union lent most frequently to those with DTI ratios of Exempt%, with 201 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $24,955,000 $126,675 $0 0.00%
    Asian 3 $765,000 $255,000 $0 0.00%
    American Indian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.01%

    Cloverbelt Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.05%

    Cloverbelt Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 201 $25,905,000 $128,881

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 200 $25,800,000 $129,000

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Caliver Beach Mortgage, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 100.0%