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 markets by origination volume include: La Crosse, Winona, Eau Claire, and Minneapolis 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.

    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

    139

    Origination Dollar Volume (All Markets)

    $24,035,000

    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) 108 $19,220,000 $177,963 $1,310 4.86%
    Outside of Metro Areas 27 $3,365,000 $124,630 $1,381 5.10%
    Winona, MN (FHA|USDA|VA) 2 $930,000 $465,000 $3,256 3.50%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $365,000 $365,000 $1,395 6.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $589 5.25%
    Firefighters Credit Union's top markets include La Crosse, Winona, Eau Claire, and Minneapolis 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.

    CO-OP Credit Union
    Similarity Rank: 70
    VERVE, A CREDIT UNION
    Similarity Rank: 76
    Firefighters Credit Union
    Similarity Rank: 90
    Coulee Bank
    Similarity Rank: 319
    University of Wisconsin Credit Union
    Similarity Rank: 468
    Home Federal Savings Bank
    Similarity Rank: 510
    Citizens State Bank of La Crosse
    Similarity Rank: 560
    WNB Financial, N.A.
    Similarity Rank: 660
    Merchants Bank
    Similarity Rank: 754
    ALTRA
    Similarity Rank: 1416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $24,035,000 $172,914 $1,355 4.90%

    For 2022, Firefighters Credit Union's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 61 $7,095,000 $116,311 $770 4.93%
    Home Purchase 51 $13,035,000 $255,588 $2,425 4.97%
    Refi 16 $3,480,000 $217,500 $1,812 4.51%
    Home Improvement 10 $360,000 $36,000 $313 5.20%
    Other 1 $65,000 $65,000 $238 2.50%

    For 2022, Firefighters Credit Union's most frequently cited loan purpose was Cash Out Refi, with 61 originations. The 2nd most popular reason was Home Purchase, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 53 $14,215,000 $268,208 $2,299 4.98%
    5 Year 33 $6,335,000 $191,970 $279 4.67%
    15 Year 21 $1,635,000 $77,857 $560 5.64%
    Other 19 $1,205,000 $63,421 $671 4.09%
    10 Year 11 $475,000 $43,182 $386 5.16%
    3 Year 2 $170,000 $85,000 $289 5.00%

    For 2022, Firefighters Credit Union's most frequently cited loan duration was 30 Year, with 53 originations. The 2nd most popular length was 5 Year, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 113 $17,835,000 $157,832

    Firefighters Credit Union's average total fees were $2,299, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 113 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 54 $8,840,000 $163,704
    3-4% 24 $6,420,000 $267,500
    5-6% 22 $3,090,000 $140,455
    6-7% 14 $2,850,000 $203,571
    7-8% 9 $945,000 $105,000
    2.5-3% 7 $975,000 $139,286
    <2.5% 6 $680,000 $113,333
    Over 8% 3 $235,000 $78,333

    During 2022, Firefighters Credit Union's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $2,785,000 $45,656 $533 4.75%
    $100k-200k 36 $5,190,000 $144,167 $1,825 5.52%
    $200k-400k 30 $8,760,000 $292,000 $2,282 4.67%
    $400k-600k 6 $2,870,000 $478,333 $2,896 4.10%
    $600k-1MM 6 $4,430,000 $738,333 $2,869 4.58%

    2022 saw Firefighters Credit Union place emphasis on $100,000 or less loans with 61 originations, totaling $2,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $4,030,000 $125,938 $1,449 5.08%
    $100k-150k 30 $3,980,000 $132,667 $1,251 4.77%
    $150k-250k 20 $5,320,000 $266,000 $1,750 4.99%
    $75k-100k 19 $2,155,000 $113,421 $978 4.75%
    $50k or less 13 $995,000 $76,538 $1,131 5.34%
    $250k+ 5 $2,045,000 $409,000 $1,928 4.45%

    Firefighters Credit Union lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $4,265,000 $147,069 $1,554 4.87%
    30-36% 24 $3,720,000 $155,000 $1,129 4.70%
    50-60% 9 $835,000 $92,778 $882 4.82%
    40% 8 $1,450,000 $181,250 $1,706 5.20%
    41% 8 $1,360,000 $170,000 $1,184 4.78%
    37% 5 $365,000 $73,000 $870 4.95%
    <20% 5 $1,465,000 $293,000 $1,885 5.20%
    46% 4 $760,000 $190,000 $2,438 5.25%
    36% 4 $640,000 $160,000 $1,131 5.25%
    47% 4 $380,000 $95,000 $1,079 5.56%
    43% 3 $685,000 $228,333 $1,491 5.20%
    44% 3 $845,000 $281,667 $2,322 5.96%
    45% 3 $265,000 $88,333 $891 5.08%
    39% 3 $375,000 $125,000 $772 3.83%
    >60% 2 $430,000 $215,000 $880 5.75%
    42% 2 $440,000 $220,000 $2,160 5.25%
    49% 2 $190,000 $95,000 $339 4.69%
    38% 1 $55,000 $55,000 $889 3.50%

    Firefighters Credit Union lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? 30-36%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $17,180,000 $156,182 $1,336 4.99%
    Not applicable 20 $5,510,000 $275,500 $0 4.67%
    Not provided 3 $465,000 $155,000 $1,839 4.16%
    American Indian 1 $285,000 $285,000 $2,512 4.50%
    Korean 1 $245,000 $245,000 $1,789 3.50%
    Other Pacific Islander 1 $185,000 $185,000 $2,420 4.99%
    Asian 2 $110,000 $55,000 $864 2.63%
    Black 1 $55,000 $55,000 $264 7.50%

    Approval Rates

    Total approvals of all applications
    96.76%

    Firefighters Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    74.10%

    Firefighters Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 139 $24,035,000 $172,914

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    139 $24,035,000 $172,914

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 22 $1,850,000 $84,091 $508 4.61%
    40-60% 11 $1,565,000 $142,273 $1,799 5.11%
    60-80% 41 $9,815,000 $239,390 $2,314 5.24%
    80-100% 30 $9,570,000 $319,000 $2,262 4.56%
    Under 20% 35 $1,235,000 $35,286 $377 4.90%