Union State Bank Of West Salem Mortgage Rates, Fees & Info
West Salem, WILEI: 54930000ZYOSM7IG6Q56
Tax ID: 39-0669500
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 (well, only) market is La Crosse.Union State Bank Of West Salem 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.
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Originations
57Origination Dollar Volume (All Markets)
$7,045,000Top 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) | 35 | $3,975,000 | $113,571 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $3,070,000 | $139,545 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $7,045,000 | $123,596 | $0 | 0.00% |
For 2018, Union State Bank Of West Salem's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2018, 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 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $7,045,000 | $123,596 | $0 | 0.00% |
For 2018, Union State Bank Of West Salem's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2018 saw Union State Bank Of West Salem place emphasis on $100,000 or less loans with 30 originations, totaling $1,500,000 in origination value.
Applicant Income
Union State Bank Of West Salem lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $7,045,000 | $123,596 | $0 | 0.00% |
Union State Bank Of West Salem lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 50 | $5,930,000 | $118,600 | $0 | 0.00% |
| Not applicable | 7 | $1,115,000 | $159,286 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.83%
Union State Bank Of West Salem has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.98%
Union State Bank Of West Salem has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $7,045,000 | $123,596 |