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

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

    Firefighters Credit Union is a smaller credit union specializing in Cash Out Refi, Refi, and Home Purchase loans. Firefighters Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Winona, Minneapolis, and Stevens Point among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.61% 5/4/24
    30 Year Conventional Refi 7.49% 5/4/24
    30 Year Cash-out Refi 7.64% 5/4/24
    15 Year Conventional Refi 9.62% 5/4/24
    15 Year Cash-out Refi 9.62% 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.

    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

    144

    Origination Dollar Volume (All Markets)

    $21,140,000

    Awards

    Firefighters Credit Union 30 Year Conventional Loans gold Firefighters Credit Union 30 Year Conventional Loans gold
    Show all (2) 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) 119 $17,355,000 $145,840 $1,051 2.97%
    Outside of Metro Areas 21 $2,875,000 $136,905 $1,114 3.22%
    Winona, MN (FHA|USDA|VA) 2 $420,000 $210,000 $1,829 4.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,955 4.13%
    Stevens Point, WI (FHA|USDA|VA) 1 $235,000 $235,000 $1,419 1.99%
    Firefighters Credit Union's top markets include La Crosse, Winona, Minneapolis, and Stevens Point among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (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: 125
    CO-OP Credit Union
    Similarity Rank: 308
    Coulee Bank
    Similarity Rank: 315
    VERVE, A CREDIT UNION
    Similarity Rank: 483
    Citizens State Bank of La Crosse
    Similarity Rank: 729
    WNB Financial, N.A.
    Similarity Rank: 1080
    Home Federal Savings Bank
    Similarity Rank: 1160
    Merchants Bank
    Similarity Rank: 1326
    Bankers' Bank
    Similarity Rank: 1562
    Associated Bank
    Similarity Rank: 1781

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 143 $21,005,000 $146,888 $1,089 3.02%
    HELOC 1 $135,000 $135,000 n/a 3.88%

    For 2021, Firefighters Credit Union's most frequently originated type of loan was Conventional, with 143 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 65 $8,275,000 $127,308 $935 2.81%
    Refi 46 $7,000,000 $152,174 $1,357 2.97%
    Home Purchase 20 $5,200,000 $260,000 $2,328 3.80%
    Other 7 $485,000 $69,286 $341 2.99%
    Home Improvement 6 $180,000 $30,000 $263 3.16%

    For 2021, Firefighters Credit Union's most frequently cited loan purpose was Cash Out Refi, with 65 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 56 $8,020,000 $143,214 $1,111 2.35%
    5 Year 38 $5,800,000 $152,632 $457 3.47%
    30 Year 22 $5,450,000 $247,727 $1,871 3.91%
    Other 16 $540,000 $33,750 $289 3.23%
    10 Year 9 $745,000 $82,778 $754 2.77%
    20 Year 3 $585,000 $195,000 $1,482 3.04%

    For 2021, Firefighters Credit Union's most frequently cited loan duration was 15 Year, with 56 originations. The 2nd most popular length was 5 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 112 $15,660,000 $139,821

    Firefighters Credit Union's average total fees were $1,871, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 112 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 54 $8,310,000 $153,889
    2.5-3% 40 $3,350,000 $83,750
    3-4% 34 $7,050,000 $207,353
    4-5% 13 $2,205,000 $169,615
    6-7% 2 $140,000 $70,000
    5-6% 1 $85,000 $85,000

    During 2021, Firefighters Credit Union's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was <2.5%, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,465,000 $53,308 $556 3.18%
    $100k-200k 42 $6,140,000 $146,190 $1,342 2.84%
    $200k-400k 31 $8,655,000 $279,194 $1,817 2.90%
    $400k-600k 5 $2,255,000 $451,000 $1,427 3.32%
    $600k-1MM 1 $625,000 $625,000 $0 2.99%

    2021 saw Firefighters Credit Union place emphasis on $100,000 or less loans with 65 originations, totaling $3,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $4,070,000 $135,667 $942 2.96%
    $75k-100k 26 $4,090,000 $157,308 $1,223 2.60%
    $50k-75k 21 $2,315,000 $110,238 $1,021 3.29%
    $50k or less 20 $2,600,000 $130,000 $1,318 3.03%
    $150k-250k 18 $2,910,000 $161,667 $928 2.64%

    Firefighters Credit Union lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $75k-100k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 36 $4,650,000 $129,167 $1,051 2.88%
    30-36% 25 $3,805,000 $152,200 $1,083 2.83%
    <20% 14 $1,370,000 $97,857 $840 2.49%
    >60% 7 $1,385,000 $197,857 $1,268 3.23%
    40% 6 $790,000 $131,667 $663 3.46%
    50-60% 4 $850,000 $212,500 $1,957 3.44%
    45% 3 $625,000 $208,333 $1,502 2.49%
    36% 3 $365,000 $121,667 $1,362 2.83%
    39% 3 $475,000 $158,333 $1,257 3.04%
    37% 2 $230,000 $115,000 $789 3.50%
    48% 2 $690,000 $345,000 $1,650 2.99%
    44% 2 $40,000 $20,000 $238 2.75%
    38% 2 $180,000 $90,000 $1,270 3.25%
    41% 2 $200,000 $100,000 $1,327 1.99%
    42% 2 $360,000 $180,000 $2,522 2.99%
    43% 2 $280,000 $140,000 $762 3.63%
    49% 1 $75,000 $75,000 $1,339 1.99%
    47% 1 $95,000 $95,000 $1,314 1.99%

    Firefighters Credit Union lent most frequently to those with DTI ratios of 20-30%, with 36 originations. The next most common DTI ratio? 30-36%, with 25 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 115 $16,185,000 $140,739 $1,085 2.90%
    Not applicable 27 $4,675,000 $173,148 $0 3.61%
    Not provided 2 $280,000 $140,000 $1,344 1.99%

    Approval Rates

    Total approvals of all applications
    93.75%

    Firefighters Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    66.67%

    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 144 $21,140,000 $146,806

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    144 $21,140,000 $146,806

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,830,000 $91,500 $629 3.26%
    40-60% 22 $3,200,000 $145,455 $1,186 2.75%
    60-80% 50 $8,600,000 $172,000 $1,506 2.89%
    80-100% 24 $6,570,000 $273,750 $1,837 3.34%
    Under 20% 28 $940,000 $33,571 $309 3.03%