Oostburg State Bank Mortgage Rates, Fees & Info

Oostburg, WI

LEI: 254900UDJNXYZSDOKI36

Tax ID: 39-0518520

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

Jump to:

Mortgage Data

Review & Overview

Oostburg State Bank is a smaller bank specializing in Home Purchase and Refi loans. Oostburg State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Appleton, Milwaukee, Manitowoc, and Fond Du Lac among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

Oostburg State Bank 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.

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.


Originations

115

Origination Dollar Volume (All Markets)

$20,965,000

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
SHEBOYGAN, WI (FHA|USDA|VA) 96 $15,030,000 $156,563 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $1,390,000 $231,667 $0 0.00%
Manitowoc, WI (FHA|USDA|VA) 7 $1,055,000 $150,714 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
Iron Mountain, MI-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Oostburg State Bank's top markets include Sheboygan, Appleton, Milwaukee, Manitowoc, and Fond Du Lac among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $20,965,000 $182,304 $0 0.00%

    For 2023, Oostburg State Bank's most frequently originated type of loan was Conventional, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $13,825,000 $226,639 $0 0.00%
    Refi 25 $5,305,000 $212,200 $0 0.00%
    Home Improvement 12 $470,000 $39,167 $0 0.00%
    Other 11 $615,000 $55,909 $0 0.00%
    Cash Out Refi 6 $750,000 $125,000 $0 0.00%

    For 2023, Oostburg State Bank's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $20,965,000 $182,304 $0 0.00%

    For 2023, Oostburg State Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,190,000 $49,773 $0 0.00%
    $100k-200k 43 $6,255,000 $145,465 $0 0.00%
    $200k-400k 18 $5,080,000 $282,222 $0 0.00%
    $400k-600k 7 $3,065,000 $437,857 $0 0.00%
    $600k-1MM 2 $1,770,000 $885,000 $0 0.00%
    $1MM+ 1 $2,605,000 $2,605,000 $0 0.00%

    2023 saw Oostburg State Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 29 $4,395,000 $151,552 $0 0.00%
    $150k-250k 26 $4,830,000 $185,769 $0 0.00%
    $50k-75k 24 $2,330,000 $97,083 $0 0.00%
    $75k-100k 11 $1,765,000 $160,455 $0 0.00%
    $50k or less 7 $465,000 $66,429 $0 0.00%
    $250k+ 5 $1,825,000 $365,000 $0 0.00%

    Oostburg State Bank lent most frequently to those with incomes in the $100k-150k range, with 29 originations. The second most popular income band? $150k-250k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $20,965,000 $182,304 $0 0.00%

    Oostburg State Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $13,695,000 $144,158 $0 0.00%
    Not applicable 13 $5,355,000 $411,923 $0 0.00%
    Asian 2 $1,360,000 $680,000 $0 0.00%
    Not provided 2 $330,000 $165,000 $0 0.00%
    Black 3 $225,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.57%

    Oostburg State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.78%

    Oostburg State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $20,965,000 $182,304

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    115 $20,965,000 $182,304