Westconsin Credit Union Mortgage Rates, Fees & Info

Menomonie, WI

LEI: 254900X6OAHFW6BUT219

Tax ID: 39-0823125

5 stars - Updated: 4/5/25 - out of 5 stars, based on 35 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Westconsin Credit Union is a smaller credit union specializing in Home Purchase loans. Westconsin Credit Union has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Eau Claire, Menomonie, Red Wing, and Duluth among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Westconsin Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Westconsin 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 relatively high 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
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 7.06% 4/5/25
    30 Year Conventional Refi 7.24% 4/5/25
    30 Year Cash-out Refi 7.73% 4/5/25
    30 Year USDA Purchase 7.23% 4/5/25
    15 Year Conventional Purchase 6.21% 4/5/25
    15 Year Conventional Refi 6.32% 4/5/25
    15 Year Cash-out Refi 6.32% 4/5/25
    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.

    Westconsin Credit Union Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Westconsin 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

    1,225

    Origination Dollar Volume (All Markets)

    $160,555,000
    Show all (5) awards

    Relative Rate

    Westconsin Credit Union's average 30 year fixed mortgage rate was 8.04%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 1.49%.

    Relative Fees (Closing Costs)

    Westconsin Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,136.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 444 $55,110,000 $124,122 $1,971 7.88%
    Outside of Metro Areas 342 $43,920,000 $128,421 $2,365 7.91%
    EAU CLAIRE, WI (FHA|USDA|VA) 230 $35,780,000 $155,565 $2,182 7.86%
    Menomonie, WI (FHA|USDA|VA) 181 $20,695,000 $114,337 $2,400 8.00%
    Red Wing, MN (FHA|USDA|VA) 6 $1,510,000 $251,667 $3,700 7.15%
    DULUTH, MN-WI (FHA|USDA|VA) 5 $675,000 $135,000 $2,808 7.23%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $540,000 $270,000 $4,263 7.88%
    MADISON, WI (FHA|USDA|VA) 3 $485,000 $161,667 $3,216 7.21%
    RACINE, WI (FHA|USDA|VA) 1 $435,000 $435,000 $6,121 6.88%
    GREEN BAY, WI (FHA|USDA|VA) 1 $375,000 $375,000 $3,583 6.88%
    Faribault-Northfield, MN (FHA|USDA|VA) 3 $335,000 $111,667 $1,570 7.96%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $330,000 $165,000 $3,551 6.81%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $185,000 $185,000 $3,161 6.88%
    Brainerd, MN (FHA|USDA|VA) 1 $65,000 $65,000 $797 8.13%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 8.50%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $45,000 $45,000 $735 8.13%
    Beaver Dam, WI (FHA|USDA|VA) 1 $15,000 $15,000 $0 8.50%
    Westconsin Credit Union's top markets include Minneapolis, Eau Claire, Menomonie, Red Wing, and Duluth 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 WESTconsin Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Prevail Bank
    Similarity Rank: 108
    MY Credit Union
    Similarity Rank: 130
    SHAREPOINT CREDIT UNION
    Similarity Rank: 348
    ST. CLOUD FINANCIAL
    Similarity Rank: 742
    VERIDIAN CREDIT UNION
    Similarity Rank: 915
    Cornerstone State Bank
    Similarity Rank: 936
    TOPLINE FEDERAL CREDIT UNION
    Similarity Rank: 975
    Liberty Bank Minnesota
    Similarity Rank: 1188
    IDEAL
    Similarity Rank: 1200
    University of Wisconsin Credit Union
    Similarity Rank: 1295

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 711 $122,435,000 $172,201 $2,206 7.27%
    HELOC 513 $37,975,000 $74,025 n/a 8.75%
    USDA 1 $145,000 $145,000 $4,897 6.88%

    For 2024, Westconsin Credit Union's most frequently originated type of loan was Conventional, with 711 originations. Their 2nd most popular type was HELOC, with 513 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 380 $25,640,000 $67,474 $1,090 8.51%
    Home Purchase 323 $82,965,000 $256,858 $3,502 6.91%
    Cash Out Refi 241 $28,575,000 $118,568 $1,789 7.88%
    Other 229 $14,575,000 $63,646 $1,050 8.39%
    Refi 52 $8,800,000 $169,231 $1,825 7.30%

    For 2024, Westconsin Credit Union's most frequently cited loan purpose was Home Improvement, with 380 originations. The 2nd most popular reason was Home Purchase, with 323 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,075 $128,535,000 $119,567 $2,136 8.04%
    Other 59 $17,475,000 $296,186 $2,767 6.97%
    20 Year 47 $8,115,000 $172,660 $2,902 6.54%
    15 Year 21 $3,015,000 $143,571 $2,781 6.26%
    10 Year 10 $1,260,000 $126,000 $2,964 6.95%
    5 Year 6 $370,000 $61,667 $0 8.00%
    1 Year 5 $775,000 $155,000 $0 7.85%
    3 Year 2 $1,010,000 $505,000 $0 7.18%

    For 2024, Westconsin Credit Union's most frequently cited loan duration was 30 Year, with 1,075 originations. The 2nd most popular length was Other, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 533 $74,315,000 $139,428
    $1k-2k 59 $11,915,000 $201,949
    $2k-3k 30 $9,020,000 $300,667
    $3k-4k 10 $3,460,000 $346,000
    $5k+ 8 $2,670,000 $333,750
    $4k-5k 4 $1,110,000 $277,500

    Westconsin Credit Union's average total fees were $2,136, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 533 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 619 $43,155,000 $69,717
    6-7% 307 $77,685,000 $253,046
    7-8% 267 $33,685,000 $126,161
    5-6% 32 $6,030,000 $188,438

    During 2024, Westconsin Credit Union's average interest rate for loans was 8.04%, while their most frequently originated rate bucket for loans was Over 8%, with 619 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 677 $37,245,000 $55,015 $1,044 8.39%
    $100k-200k 284 $37,450,000 $131,866 $2,312 7.70%
    $200k-400k 225 $60,765,000 $270,067 $3,607 6.85%
    $400k-600k 27 $12,745,000 $472,037 $4,530 6.66%
    $600k-1MM 8 $5,370,000 $671,250 $5,293 6.72%
    $1MM+ 4 $6,980,000 $1,745,000 $4,811 6.87%

    2024 saw Westconsin Credit Union place emphasis on $100,000 or less loans with 677 originations, totaling $37,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 338 $41,860,000 $123,846 $2,116 7.99%
    $75k-100k 248 $28,240,000 $113,871 $2,220 7.90%
    $150k-250k 207 $29,285,000 $141,473 $2,533 8.11%
    $50k-75k 204 $20,080,000 $98,431 $2,175 7.87%
    $50k or less 96 $7,110,000 $74,063 $1,882 7.60%
    $250k+ 48 $12,410,000 $258,542 $2,794 7.81%

    Westconsin Credit Union lent most frequently to those with incomes in the $100k-150k range, with 338 originations. The second most popular income band? $75k-100k, with 248 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 247 $30,115,000 $121,923 $2,231 7.88%
    20-30% 246 $27,500,000 $111,789 $2,221 7.97%
    41% 63 $8,875,000 $140,873 $1,857 7.85%
    42% 63 $7,365,000 $116,905 $1,953 7.89%
    <20% 59 $5,645,000 $95,678 $2,157 7.78%
    40% 59 $7,025,000 $119,068 $2,167 8.00%
    36% 49 $7,265,000 $148,265 $2,543 7.84%
    37% 47 $6,695,000 $142,447 $2,163 7.82%
    39% 46 $4,720,000 $102,609 $1,488 8.17%
    38% 43 $5,745,000 $133,605 $2,356 7.73%
    44% 41 $5,035,000 $122,805 $2,319 8.28%
    45% 34 $5,030,000 $147,941 $2,367 7.65%
    43% 32 $4,510,000 $140,938 $3,362 8.04%
    47% 26 $3,600,000 $138,462 $2,885 7.48%
    48% 26 $2,810,000 $108,077 $2,145 8.07%
    49% 26 $2,230,000 $85,769 $1,720 8.64%
    46% 17 $1,915,000 $112,647 $3,011 8.02%
    50-60% 15 $1,305,000 $87,000 $0 8.82%

    Westconsin Credit Union lent most frequently to those with DTI ratios of 30-36%, with 247 originations. The next most common DTI ratio? 20-30%, with 246 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,102 $134,800,000 $122,323 $2,219 7.92%
    Not applicable 66 $19,350,000 $293,182 $0 7.18%
    Not provided 42 $4,760,000 $113,333 $1,953 8.09%
    American Indian 6 $980,000 $163,333 $2,521 8.17%
    Asian 6 $570,000 $95,000 $2,407 8.15%
    Black 3 $95,000 $31,667 $635 8.42%

    Approval Rates

    Total approvals of all applications
    83.18%

    Westconsin Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.22%

    Westconsin Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,225 $160,555,000 $131,065

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,225 $160,555,000 $131,065

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 328 $30,590,000 $93,262 $1,318 8.26%
    40-60% 106 $20,700,000 $195,283 $2,486 7.08%
    60-80% 169 $47,775,000 $282,692 $3,400 6.85%
    80-100% 153 $37,505,000 $245,131 $3,549 6.89%
    Under 20% 468 $23,950,000 $51,175 $790 8.52%