Appletree Credit Union Mortgage Rates, Fees & Info

West Allis, WI

LEI: 254900TI83SWW04ZPZ29

Tax ID: 39-0388215

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Appletree Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Appletree Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Chicago, and Fond Du Lac among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Appletree 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. Appletree Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 5/4/24
    30 Year Conventional Refi 5.73% 5/4/24
    30 Year Cash-out Refi 5.59% 5/4/24
    15 Year Conventional Purchase 5.76% 5/4/24
    15 Year Conventional Refi 5.15% 5/4/24
    15 Year Cash-out Refi 5.15% 5/4/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Appletree Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Appletree Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    198

    Origination Dollar Volume (All Markets)

    $33,940,000

    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) 187 $32,225,000 $172,326 $607 2.43%
    RACINE, WI (FHA|USDA|VA) 8 $1,070,000 $133,750 $472 2.37%
    Whitewater, WI (FHA|USDA|VA) 1 $295,000 $295,000 $635 2.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $685 2.00%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $75,000 $75,000 $440 2.30%
    Appletree Credit Union's top markets include Milwaukee, Racine, Whitewater, Chicago, and Fond Du Lac among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AppleTree Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Hometown Bank
    Similarity Rank: 144
    The Greenwood's State Bank
    Similarity Rank: 432
    Empower Credit Union
    Similarity Rank: 459
    Horicon Bank
    Similarity Rank: 540
    Westbury Bank
    Similarity Rank: 612
    Fox Valley Savings Bank
    Similarity Rank: 952
    Guardian Credit Union
    Similarity Rank: 999
    NORTHWESTERN MUTUAL
    Similarity Rank: 1016
    State Bank of Cross Plains
    Similarity Rank: 1120
    Commerce State Bank
    Similarity Rank: 1292

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 198 $33,940,000 $171,414 $601 2.43%

    For 2020, Appletree Credit Union's most frequently originated type of loan was Conventional, with 198 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 88 $14,200,000 $161,364 $578 2.38%
    Refi 84 $16,770,000 $199,643 $664 2.25%
    Home Improvement 14 $580,000 $41,429 $287 3.53%
    Other 12 $2,390,000 $199,167 $681 2.74%

    For 2020, Appletree Credit Union's most frequently cited loan purpose was Cash Out Refi, with 88 originations. The 2nd most popular reason was Refi, with 84 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 96 $19,210,000 $200,104 $677 2.48%
    10 Year 48 $7,280,000 $151,667 $541 2.43%
    5 Year 34 $3,030,000 $89,118 $437 2.37%
    30 Year 13 $3,515,000 $270,385 $753 2.13%
    15 Year 4 $630,000 $157,500 $561 2.70%
    20 Year 3 $275,000 $91,667 $438 2.20%

    For 2020, Appletree Credit Union's most frequently cited loan duration was Other, with 96 originations. The 2nd most popular length was 10 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 195 $33,485,000 $171,718

    Appletree Credit Union's average total fees were $753, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 195 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 146 $25,870,000 $177,192
    3-4% 27 $5,175,000 $191,667
    2.5-3% 19 $2,695,000 $141,842
    4-5% 6 $200,000 $33,333

    During 2020, Appletree Credit Union's average interest rate for loans was 2.13%, while their most frequently originated rate bucket for loans was <2.5%, with 146 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $4,985,000 $64,740 $360 2.55%
    $100k-200k 73 $10,465,000 $143,356 $666 2.37%
    $200k-400k 35 $9,815,000 $280,429 $714 2.25%
    $400k-600k 9 $4,385,000 $487,222 $1,025 2.47%
    $1MM+ 2 $2,710,000 $1,355,000 $2,360 2.15%
    $600k-1MM 2 $1,580,000 $790,000 $1,821 2.55%

    2020 saw Appletree Credit Union place emphasis on $100,000 or less loans with 77 originations, totaling $4,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 50 $8,680,000 $173,600 $599 2.32%
    $50k or less 40 $4,050,000 $101,250 $521 2.54%
    $150k-250k 35 $7,685,000 $219,571 $639 2.46%
    $75k-100k 33 $4,875,000 $147,727 $570 2.46%
    $50k-75k 26 $2,530,000 $97,308 $473 2.46%
    $250k+ 14 $6,120,000 $437,143 $1,048 2.26%

    Appletree Credit Union lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $50k or less, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 57 $9,655,000 $169,386 $606 2.40%
    <20% 52 $6,430,000 $123,654 $506 2.35%
    30-36% 34 $7,730,000 $227,353 $681 2.57%
    50-60% 11 $1,665,000 $151,364 $599 2.51%
    36% 6 $1,190,000 $198,333 $718 2.13%
    48% 6 $1,110,000 $185,000 $562 2.58%
    38% 5 $605,000 $121,000 $471 2.82%
    42% 4 $380,000 $95,000 $360 2.15%
    >60% 3 $255,000 $85,000 $605 2.00%
    49% 3 $435,000 $145,000 $537 2.47%
    45% 3 $705,000 $235,000 $1,218 3.27%
    44% 2 $380,000 $190,000 $635 2.15%
    39% 2 $540,000 $270,000 $685 2.15%
    41% 2 $750,000 $375,000 $597 2.70%
    40% 2 $490,000 $245,000 $746 2.30%
    43% 2 $180,000 $90,000 $488 2.50%
    37% 2 $420,000 $210,000 $738 2.30%
    46% 1 $215,000 $215,000 $635 2.30%
    47% 1 $805,000 $805,000 $2,111 2.00%

    Appletree Credit Union lent most frequently to those with DTI ratios of 20-30%, with 57 originations. The next most common DTI ratio? <20%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 190 $32,630,000 $171,737 $595 2.44%
    Asian 5 $745,000 $149,000 $676 2.24%
    Black 3 $565,000 $188,333 $870 2.00%

    Approval Rates

    Total approvals of all applications
    94.76%

    Appletree Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.31%

    Appletree Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 198 $33,940,000 $171,414

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 198 $33,940,000 $171,414

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $6,165,000 $108,158 $483 2.38%
    40-60% 61 $12,185,000 $199,754 $678 2.31%
    60-80% 46 $12,960,000 $281,739 $790 2.39%
    80-100% 5 $1,255,000 $251,000 $770 2.18%
    Under 20% 29 $1,375,000 $47,414 $336 2.85%