Firefighters Credit Union Mortgage Rates, Fees & Info

La Crosse, WI

LEI: 254900TTMRDRR2EQSI59

Tax ID: 39-6050488

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

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  • 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

    Firefighters Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Firefighters Credit Union has a high proportion of conventional loans. Their top two markets are La Crosse and Chicago .

    Firefighters 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. Firefighters 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.61% 11/22/24
    30 Year Conventional Refi 7.49% 11/22/24
    30 Year Cash-out Refi 7.64% 11/22/24
    15 Year Conventional Refi 9.62% 11/22/24
    15 Year Cash-out Refi 9.62% 11/22/24
    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.

    Firefighters Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Firefighters 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

    91

    Origination Dollar Volume (All Markets)

    $11,905,000

    Awards

    Firefighters Credit Union 30 Year Conventional Loans silver
    Show all (1) awards

    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
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 70 $7,620,000 $108,857 $1,016 5.27%
    Outside of Metro Areas 20 $3,960,000 $198,000 $1,192 5.43%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $325,000 $325,000 $3,483 5.13%
    Firefighters Credit Union's top markets include La Crosse and Chicago among others.

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

    • Similar Lenders

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

    Firefighters Credit Union
    Similarity Rank: 66
    VERVE, A CREDIT UNION
    Similarity Rank: 273
    Home Federal Savings Bank
    Similarity Rank: 290
    University of Wisconsin Credit Union
    Similarity Rank: 297
    Citizens State Bank of La Crosse
    Similarity Rank: 308
    Merchants Bank
    Similarity Rank: 450
    Associated Bank
    Similarity Rank: 1112
    Bremer Bank
    Similarity Rank: 1386
    ALTRA
    Similarity Rank: 1904
    Servion, Inc.
    Similarity Rank: 1992

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $11,905,000 $130,824 $1,093 5.30%

    For 2019, Firefighters Credit Union's most frequently originated type of loan was Conventional, with 91 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 34 $3,340,000 $98,235 $606 5.46%
    Home Purchase 32 $7,050,000 $220,313 $2,227 5.13%
    Refi 14 $970,000 $69,286 $329 5.63%
    Home Improvement 10 $390,000 $39,000 $297 4.92%
    Other 1 $155,000 $155,000 $1,213 4.99%

    For 2019, Firefighters Credit Union's most frequently cited loan purpose was Cash Out Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 30 $5,930,000 $197,667 $2,151 5.07%
    5 Year 26 $4,280,000 $164,615 $234 5.35%
    10 Year 13 $485,000 $37,308 $262 4.87%
    Other 10 $430,000 $43,000 $259 6.55%
    15 Year 8 $470,000 $58,750 $524 4.93%
    20 Year 2 $290,000 $145,000 $1,588 6.19%
    3 Year 2 $20,000 $10,000 $13 5.50%

    For 2019, Firefighters Credit Union's most frequently cited loan duration was 30 Year, with 30 originations. The 2nd most popular length was 5 Year, with 26 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 70 $7,850,000 $112,143

    Firefighters Credit Union's average total fees were $2,151, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 70 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 39 $5,735,000 $147,051
    3-4% 20 $1,950,000 $97,500
    4-5% 15 $2,175,000 $145,000
    6-7% 11 $1,515,000 $137,727
    Over 8% 5 $405,000 $81,000
    7-8% 1 $125,000 $125,000

    During 2019, Firefighters Credit Union's average interest rate for loans was 5.07%, while their most frequently originated rate bucket for loans was 5-6%, with 39 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $2,305,000 $45,196 $476 5.29%
    $100k-200k 26 $3,840,000 $147,692 $1,832 5.44%
    $200k-400k 11 $3,105,000 $282,273 $2,522 5.11%
    $400k-600k 2 $890,000 $445,000 $2,608 4.94%
    $1MM+ 1 $1,765,000 $1,765,000 $0 5.50%

    2019 saw Firefighters Credit Union place emphasis on $100,000 or less loans with 51 originations, totaling $2,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 22 $2,400,000 $109,091 $1,163 5.01%
    $100k-150k 19 $1,855,000 $97,632 $777 5.64%
    $50k-75k 15 $1,825,000 $121,667 $1,223 5.40%
    $50k or less 11 $855,000 $77,727 $1,102 5.41%
    $150k-250k 10 $1,430,000 $143,000 $1,234 5.16%
    $250k+ 2 $240,000 $120,000 $2,060 4.93%

    Firefighters Credit Union lent most frequently to those with incomes in the $75k-100k range, with 22 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 15 $1,525,000 $101,667 $973 5.54%
    20-30% 15 $1,495,000 $99,667 $1,030 5.58%
    <20% 12 $1,120,000 $93,333 $1,291 4.77%
    50-60% 6 $810,000 $135,000 $1,210 5.17%
    38% 5 $695,000 $139,000 $1,250 4.40%
    39% 4 $350,000 $87,500 $295 4.03%
    41% 3 $495,000 $165,000 $1,924 5.71%
    37% 3 $195,000 $65,000 $821 6.29%
    40% 3 $335,000 $111,667 $931 5.00%
    42% 3 $485,000 $161,667 $1,351 5.38%
    47% 2 $70,000 $35,000 $262 5.50%
    45% 2 $270,000 $135,000 $1,960 6.19%
    44% 2 $130,000 $65,000 $224 8.00%
    >60% 1 $385,000 $385,000 $2,528 6.13%
    49% 1 $85,000 $85,000 $0 4.88%
    36% 1 $5,000 $5,000 $13 3.75%
    46% 1 $155,000 $155,000 $2,100 4.99%

    Firefighters Credit Union lent most frequently to those with DTI ratios of 30-36%, with 15 originations. The next most common DTI ratio? 20-30%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $7,975,000 $106,333 $1,064 5.31%
    Not applicable 12 $3,300,000 $275,000 $0 5.28%
    Not provided 1 $325,000 $325,000 $3,483 5.13%
    Black 1 $255,000 $255,000 $2,466 4.99%
    Asian 2 $50,000 $25,000 $212 5.50%

    Approval Rates

    Total approvals of all applications
    90.91%

    Firefighters Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    39.56%

    Firefighters Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 91 $11,905,000 $130,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $2,030,000 $1,015,000
    Single Family (1-4 Units):Manufactured 2 $300,000 $150,000
    Single Family (1-4 Units):Site-Built 87 $9,575,000 $110,057

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $600,000 $42,857 $300 4.93%
    40-60% 8 $1,200,000 $150,000 $885 5.84%
    60-80% 22 $3,110,000 $141,364 $1,567 5.45%
    80-100% 20 $5,280,000 $264,000 $2,259 5.05%
    Over 100% 4 $1,080,000 $270,000 $2,885 5.31%
    Under 20% 23 $635,000 $27,609 $215 5.42%