Cloverbelt Credit Union Mortgage Rates, Fees & Info
Wausau, WILEI: 254900KOP6JY8A0DIV80
Tax ID: 39-0926186
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Cloverbelt Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Cloverbelt Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Stevens Point, Shawano, Wisconsin Rapids, and Milwaukee 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 an above average pick rate when compared to similar lenders.
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Originations
427Origination Dollar Volume (All Markets)
$60,965,000Top 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) | 385 | $53,605,000 | $139,234 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $5,010,000 | $208,750 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 6 | $820,000 | $136,667 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 7 | $685,000 | $97,857 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
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.
Similarity Rank: 35
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 427 | $60,965,000 | $142,775 | $0 | 0.00% |
For 2020, Cloverbelt Credit Union's most frequently originated type of loan was Conventional, with 427 originations.
Loan Reason
For 2020, Cloverbelt Credit Union's most frequently cited loan purpose was Refi, with 159 originations. The 2nd most popular reason was Cash Out Refi, with 149 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 427 | $60,965,000 | $142,775 | $0 | 0.00% |
For 2020, Cloverbelt Credit Union's most frequently cited loan duration was Other, with 427 originations.
Loan Sizing
2020 saw Cloverbelt Credit Union place emphasis on $100k-200k loans with 175 originations, totaling $25,575,000 in origination value.
Applicant Income
Cloverbelt Credit Union lent most frequently to those with incomes in the $100k-150k range, with 117 originations. The second most popular income band? $50k-75k, with 105 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 427 | $60,965,000 | $142,775 | $0 | 0.00% |
Cloverbelt Credit Union lent most frequently to those with DTI ratios of Exempt%, with 427 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 419 | $60,285,000 | $143,878 | $0 | 0.00% |
| Asian | 8 | $680,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.18%
Cloverbelt Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination91.33%
Cloverbelt Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 427 | $60,965,000 | $142,775 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 4 | $600,000 | $150,000 |
| Single Family (1-4 Units):Site-Built | 423 | $60,365,000 | $142,707 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Caliver Beach Mortgage, LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 33.3% |
| Caliver Beach Mortgage, LLC | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 66.7% |