Union State Bank Of West Salem Mortgage Rates, Fees & Info

West Salem, WI

LEI: 54930000ZYOSM7IG6Q56

Tax ID: 39-0669500

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Union State Bank Of West Salem is a smaller bank specializing in Home Purchase and Refi loans. Union State Bank Of West Salem has a high proportion of conventional loans. Their top two markets are La Crosse and Minneapolis .

    Union State Bank Of West Salem 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.

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    Originations

    45

    Origination Dollar Volume (All Markets)

    $6,185,000

    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
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 27 $3,895,000 $144,259 $0 0.00%
    Outside of Metro Areas 17 $2,125,000 $125,000 $0 0.00%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Union State Bank Of West Salem's top markets include La Crosse and Minneapolis among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 45 $6,185,000 $137,444 $0 0.00%

    For 2023, Union State Bank Of West Salem's most frequently originated type of loan was Conventional, with 45 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $3,760,000 $170,909 $0 0.00%
    Refi 11 $1,495,000 $135,909 $0 0.00%
    Other 6 $420,000 $70,000 $0 0.00%
    Home Improvement 5 $405,000 $81,000 $0 0.00%
    Cash Out Refi 1 $105,000 $105,000 $0 0.00%

    For 2023, Union State Bank Of West Salem's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 45 $6,185,000 $137,444 $0 0.00%

    For 2023, Union State Bank Of West Salem's most frequently cited loan duration was Other, with 45 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 20 $980,000 $49,000 $0 0.00%
    $100k-200k 13 $1,875,000 $144,231 $0 0.00%
    $200k-400k 11 $2,905,000 $264,091 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%

    2023 saw Union State Bank Of West Salem place emphasis on $100,000 or less loans with 20 originations, totaling $980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $1,850,000 $185,000 $0 0.00%
    $100k-150k 8 $1,110,000 $138,750 $0 0.00%
    $50k or less 5 $465,000 $93,000 $0 0.00%
    $75k-100k 5 $445,000 $89,000 $0 0.00%
    $50k-75k 4 $450,000 $112,500 $0 0.00%
    $250k+ 3 $555,000 $185,000 $0 0.00%

    Union State Bank Of West Salem lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 45 $6,185,000 $137,444 $0 0.00%

    Union State Bank Of West Salem lent most frequently to those with DTI ratios of Exempt%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $5,065,000 $136,892 $0 0.00%
    Not applicable 8 $1,120,000 $140,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.86%

    Union State Bank Of West Salem has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.44%

    Union State Bank Of West Salem has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 45 $6,185,000 $137,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    45 $6,185,000 $137,444