Westconsin Credit Union Mortgage Rates, Fees & Info

Menomonie, WI

LEI: 254900X6OAHFW6BUT219

Tax ID: 39-0823125

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
  • Complaints
  • 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 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.

    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) 6.27% 11/22/24
    30 Year Conventional Purchase 6.07% 11/22/24
    30 Year Conventional Refi 6.09% 11/22/24
    30 Year Cash-out Refi 6.12% 11/22/24
    30 Year USDA Purchase 7.13% 11/22/24
    15 Year Conventional Purchase 6.10% 11/22/24
    15 Year Conventional Refi 5.89% 11/22/24
    15 Year Cash-out Refi 5.89% 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.

    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

    1,509

    Origination Dollar Volume (All Markets)

    $238,185,000
    Show all (8) 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
    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%
    Westconsin Credit Union's top markets include Minneapolis, Eau Claire, Menomonie, Red Wing, and Milwaukee 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.

    CO-OP Credit Union
    Similarity Rank: 84
    Forward Bank
    Similarity Rank: 108
    Security Financial Bank
    Similarity Rank: 165
    Prevail Bank
    Similarity Rank: 171
    MY Credit Union
    Similarity Rank: 304
    Citizens State Bank of La Crosse
    Similarity Rank: 360
    South Metro Federal Credit Union
    Similarity Rank: 429
    Cornerstone State Bank
    Similarity Rank: 464
    WESTconsin Credit Union
    Similarity Rank: 950
    Coulee Bank
    Similarity Rank: 1309

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 455 $115,255,000 $253,308 $3,131 4.30%
    Home Improvement 372 $19,970,000 $53,683 $913 5.11%
    Cash Out Refi 351 $70,185,000 $199,957 $2,631 3.81%
    Other 234 $15,140,000 $64,701 $1,091 4.91%
    Refi 97 $17,635,000 $181,804 $1,967 3.69%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,168 $154,680,000 $132,432 $2,317 4.68%
    Other 109 $40,295,000 $369,679 $0 3.81%
    20 Year 100 $23,600,000 $236,000 $3,272 3.81%
    15 Year 89 $14,325,000 $160,955 $2,669 3.25%
    10 Year 36 $4,820,000 $133,889 $2,297 3.04%
    5 Year 7 $465,000 $66,429 $0 5.14%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 670 $103,070,000 $153,836
    $1k-2k 132 $27,560,000 $208,788
    $2k-3k 46 $10,260,000 $223,043
    $3k-4k 30 $7,900,000 $263,333
    $4k-5k 16 $5,020,000 $313,750
    $5k+ 12 $4,120,000 $343,333

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 522 $90,620,000 $173,602
    4-5% 331 $47,605,000 $143,822
    5-6% 272 $33,390,000 $122,757
    2.5-3% 168 $46,920,000 $279,286
    6-7% 155 $12,185,000 $78,613
    <2.5% 36 $5,950,000 $165,278
    7-8% 19 $1,165,000 $61,316
    Over 8% 6 $350,000 $58,333

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 668 $34,210,000 $51,213 $1,249 4.93%
    $100k-200k 443 $62,535,000 $141,163 $2,461 4.16%
    $200k-400k 328 $88,590,000 $270,091 $3,093 3.98%
    $400k-600k 46 $21,680,000 $471,304 $4,340 3.85%
    $600k-1MM 17 $12,565,000 $739,118 $4,317 3.65%
    $1MM+ 7 $18,605,000 $2,657,857 $0 3.34%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 379 $56,295,000 $148,536 $2,574 4.59%
    $50k-75k 313 $35,965,000 $114,904 $2,170 4.35%
    $75k-100k 271 $38,995,000 $143,893 $2,383 4.58%
    $50k or less 199 $19,385,000 $97,412 $2,223 4.26%
    $150k-250k 169 $28,695,000 $169,793 $2,539 4.71%
    $250k+ 28 $7,930,000 $283,214 $3,605 4.03%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 311 $40,865,000 $131,399 $2,417 4.38%
    30-36% 290 $41,080,000 $141,655 $2,427 4.53%
    <20% 107 $11,905,000 $111,262 $2,306 4.27%
    42% 95 $12,225,000 $128,684 $1,710 4.58%
    41% 77 $11,445,000 $148,636 $2,027 4.57%
    38% 65 $9,515,000 $146,385 $2,555 4.54%
    39% 56 $8,340,000 $148,929 $2,037 4.64%
    40% 55 $9,695,000 $176,273 $2,699 4.41%
    37% 48 $7,000,000 $145,833 $2,259 4.42%
    36% 45 $5,185,000 $115,222 $2,152 5.06%
    44% 36 $5,510,000 $153,056 $3,870 4.61%
    43% 36 $4,850,000 $134,722 $2,895 4.34%
    45% 27 $3,115,000 $115,370 $3,122 4.77%
    46% 23 $2,585,000 $112,391 $2,831 4.27%
    48% 21 $2,535,000 $120,714 $3,576 5.23%
    49% 20 $2,530,000 $126,500 $2,639 5.00%
    47% 11 $1,465,000 $133,182 $3,557 4.65%
    50-60% 8 $690,000 $86,250 $2,318 5.06%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,310 $179,950,000 $137,366 $2,396 4.49%
    Not applicable 132 $48,190,000 $365,076 $0 3.87%
    Not provided 55 $7,755,000 $141,000 $2,301 4.56%
    Asian 6 $1,370,000 $228,333 $2,836 5.60%
    American Indian 3 $595,000 $198,333 $2,488 4.67%
    Black 3 $325,000 $108,333 $2,346 4.71%

    Approval Rates

    Total approvals of all applications
    83.28%

    Westconsin Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.64%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,509 $238,185,000 $157,843

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 239 $26,315,000 $110,105 $1,588 4.54%
    40-60% 178 $28,190,000 $158,371 $2,209 3.85%
    60-80% 378 $98,510,000 $260,608 $3,071 3.92%
    80-100% 256 $60,870,000 $237,773 $3,087 4.35%
    Under 20% 453 $23,015,000 $50,806 $777 5.11%

    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%