Westconsin Credit Union Mortgage Rates, Fees & Info
Menomonie, WILEI: 254900X6OAHFW6BUT219
Tax ID: 39-0823125
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Mortgage Data
Review & Overview
Westconsin Credit Union is a smaller credit union specializing in Home Purchase and Cash Out Refi 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 Milwaukee among others. We have data for 19 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 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 |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 10/31/24 |
30 Year Conventional Purchase | 6.07% | 10/31/24 |
30 Year Conventional Refi | 6.09% | 10/31/24 |
30 Year Cash-out Refi | 6.12% | 10/31/24 |
30 Year USDA Purchase | 7.13% | 10/31/24 |
15 Year Conventional Purchase | 6.10% | 10/31/24 |
15 Year Conventional Refi | 5.89% | 10/31/24 |
15 Year Cash-out Refi | 5.89% | 10/31/24 |
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. |
Westconsin Credit Union Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,509Origination Dollar Volume (All Markets)
$238,185,000WESTconsin Credit Union - 2022
WESTconsin Credit Union is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 589 | $94,685,000 | $160,756 | $2,247 | 4.54% |
EAU CLAIRE, WI (FHA|USDA|VA) | 314 | $57,450,000 | $182,962 | $2,279 | 4.33% |
Outside of Metro Areas | 367 | $50,775,000 | $138,351 | $2,640 | 4.45% |
Menomonie, WI (FHA|USDA|VA) | 212 | $29,830,000 | $140,708 | $2,516 | 4.36% |
Red Wing, MN (FHA|USDA|VA) | 6 | $1,440,000 | $240,000 | $2,972 | 4.56% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $2,887 | 3.78% |
DULUTH, MN-WI (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $2,299 | 3.88% |
Brainerd, MN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 2.88% |
ROCHESTER, MN (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 4.87% |
GREEN BAY, WI (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,577 | 3.69% |
Grand Rapids, MN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,974 | 4.25% |
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,960 | 3.13% |
MADISON, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,408 | 4.00% |
APPLETON, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,443 | 6.50% |
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,039 | 2.63% |
WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,676 | 3.50% |
Baraboo, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,438 | 3.13% |
JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,998 | 4.75% |
Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.25% |
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.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,079 | $212,815,000 | $197,234 | $2,389 | 4.20% |
HELOC | 427 | $24,845,000 | $58,185 | n/a | 5.05% |
USDA | 3 | $525,000 | $175,000 | $4,254 | 4.92% |
For 2022, Westconsin Credit Union's most frequently originated type of loan was Conventional, with 1,079 originations. Their 2nd most popular type was HELOC, with 427 originations.
Loan Reason
For 2022, Westconsin Credit Union's most frequently cited loan purpose was Home Purchase, with 455 originations. The 2nd most popular reason was Home Improvement, with 372 originations.
Loan Duration/Length
For 2022, Westconsin Credit Union's most frequently cited loan duration was 30 Year, with 1,168 originations. The 2nd most popular length was Other, with 109 originations.
Origination Fees/Closing Costs
Westconsin Credit Union's average total fees were $2,317, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 670 originations.
Interest Rates
During 2022, Westconsin Credit Union's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 3-4%, with 522 originations.
Loan Sizing
2022 saw Westconsin Credit Union place emphasis on $100,000 or less loans with 668 originations, totaling $34,210,000 in origination value.
Applicant Income
Westconsin Credit Union lent most frequently to those with incomes in the $100k-150k range, with 379 originations. The second most popular income band? $50k-75k, with 313 originations.
Applicant Debt to Income Ratio
Westconsin Credit Union lent most frequently to those with DTI ratios of 20-30%, with 311 originations. The next most common DTI ratio? 30-36%, with 290 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.28%
Westconsin Credit Union has a below average approval rate.
Pick Rate
Approvals leading to origination81.64%
Westconsin Credit Union has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,509 | $238,185,000 | $157,843 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
West Coast Servicing, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |