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
Jump to:
Mortgage Data
Review & Overview
Union State Bank Of West Salem is a smaller bank specializing in Refi and Home Purchase 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 average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Originations
51Origination Dollar Volume (All Markets)
$4,825,000Top 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) | 34 | $3,080,000 | $90,588 | $0 | 0.00% |
| Outside of Metro Areas | 17 | $1,745,000 | $102,647 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $4,825,000 | $94,608 | $0 | 0.00% |
For 2019, Union State Bank Of West Salem's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2019, Union State Bank Of West Salem's most frequently cited loan purpose was Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $4,825,000 | $94,608 | $0 | 0.00% |
For 2019, Union State Bank Of West Salem's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2019 saw Union State Bank Of West Salem place emphasis on $100,000 or less loans with 32 originations, totaling $1,230,000 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? $75k-100k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $4,825,000 | $94,608 | $0 | 0.00% |
Union State Bank Of West Salem lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 45 | $3,635,000 | $80,778 | $0 | 0.00% |
| Not applicable | 6 | $1,190,000 | $198,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.51%
Union State Bank Of West Salem has a below average approval rate.
Pick Rate
Approvals leading to origination82.35%
Union State Bank Of West Salem has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 51 | $4,825,000 | $94,608 |