Kohler Credit Union Mortgage Rates, Fees & Info
Sheboygan, WILEI: 5493000FRWKMPAALEY22
Tax ID: 39-0402815
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Kohler Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Kohler Credit Union has a high proportion of conventional loans. Their top markets include Sheboygan, Milwaukee, Manitowoc, Fond Du Lac, and Green Bay among others. Kohler Credit Union has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Kohler Credit Union is typically a low fee lendor.Originations
522Origination Dollar Volume (All Markets)
$88,630,000Awards
Kohler Credit Union - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Kohler Credit Union's average 30 year fixed rate mortgage of loans were
2.92%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.23%.
Relative Fees
Kohler Credit Union's average total fees for a 30 year fixed rate
mortgage are $2,161.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| SHEBOYGAN, WI (FHA|USDA|VA) | 337 | $49,955,000 | $148,234 | $1,684 | 2.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 118 | $26,930,000 | $228,220 | $1,746 | 2.71% |
| Manitowoc, WI (FHA|USDA|VA) | 27 | $4,125,000 | $152,778 | $1,728 | 2.67% |
| FOND DU LAC, WI (FHA|USDA|VA) | 10 | $1,770,000 | $177,000 | $2,206 | 2.83% |
| Outside of Metro Areas | 5 | $1,325,000 | $265,000 | $1,808 | 2.69% |
| GREEN BAY, WI (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $1,651 | 2.24% |
| APPLETON, WI (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $1,860 | 2.94% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $1,959 | 2.49% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $1,671 | 2.31% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $2,394 | 2.69% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,803 | 3.13% |
| Marinette, WI-MI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,921 | 2.87% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,376 | 2.74% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,467 | 2.88% |
| RACINE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,001 | 1.99% |
| Shawano, WI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,001 | 1.99% |
| MADISON, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,011 | 1.99% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,066 | 1.99% |
Kohler Credit Union's top markets include Sheboygan, Milwaukee, Manitowoc, Fond Du Lac, and Green Bay among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 522 | $88,630,000 | $169,789 | $1,716 | 2.73% |
For the 2021 period, Kohler Credit Union's most frequently originated loan type of loans were Conventional, with 522 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 371 | $59,155,000 | $159,447 | $1,483 | 2.60% |
| Home Purchase | 124 | $27,230,000 | $219,597 | $2,498 | 2.98% |
| Home Improvement | 16 | $860,000 | $53,750 | $1,088 | 3.51% |
| Other | 11 | $1,385,000 | $125,909 | $1,394 | 3.36% |
For the 2021, Kohler Credit Union's most frequently cited loan purpose of loans were Refi, with 371 originations. The 2nd most popular reason of loans were Home Purchase, with 124 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 226 | $32,080,000 | $141,947 | $1,288 | 2.46% |
| 30 Year | 187 | $38,565,000 | $206,230 | $2,161 | 2.92% |
| 20 Year | 36 | $5,540,000 | $153,889 | $1,813 | 2.90% |
| 15 Year | 34 | $5,000,000 | $147,059 | $1,910 | 2.84% |
| 10 Year | 19 | $1,555,000 | $81,842 | $1,254 | 3.16% |
| 30+ year | 13 | $5,385,000 | $414,231 | $2,591 | 2.80% |
| 5 Year | 5 | $305,000 | $61,000 | $1,074 | 2.99% |
| 3 Year | 2 | $200,000 | $100,000 | $1,512 | 5.50% |
For the 2021, Kohler Credit Union's most frequently cited loan length of loans were Other, with 226 originations. The 2nd most popular length of loans were 30 Year, with 187 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 507 | $86,255,000 | $170,128 |
$2,161 of loans were Kohler Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 507 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 241 | $38,385,000 | $159,274 |
| 2.5-3% | 161 | $30,235,000 | $187,795 |
| 3-4% | 107 | $18,525,000 | $173,131 |
| 5-6% | 7 | $305,000 | $43,571 |
| 4-5% | 5 | $1,135,000 | $227,000 |
| 7-8% | 1 | $45,000 | $45,000 |
During 2021, Kohler Credit Union's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were <2.5%, with 241 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 246 | $35,040,000 | $142,439 | $1,692 | 2.68% |
| $100,000 or less | 130 | $9,030,000 | $69,462 | $1,355 | 2.83% |
| $200k-400k | 124 | $33,080,000 | $266,774 | $2,024 | 2.72% |
| $400k-600k | 18 | $8,280,000 | $460,000 | $2,198 | 2.79% |
| $600k-1MM | 4 | $3,200,000 | $800,000 | $3,098 | 3.09% |
2021 saw Kohler Credit Union place emphasis on $100k-200k loans with 246 originations, totaling $35,040,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 140 | $26,890,000 | $192,071 | $1,713 | 2.71% |
| $50k-75k | 107 | $13,905,000 | $129,953 | $1,711 | 2.81% |
| $75k-100k | 97 | $15,745,000 | $162,320 | $1,698 | 2.70% |
| $50k or less | 87 | $9,315,000 | $107,069 | $1,709 | 2.76% |
| $150k-250k | 57 | $14,545,000 | $255,175 | $1,717 | 2.57% |
| $250k+ | 19 | $5,485,000 | $288,684 | $1,872 | 2.73% |
Kohler Credit Union lent most frequently to those with incomes in the $100k-150k range, with 140 originations. The second most popular income band? $50k-75k, with 107 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 173 | $26,035,000 | $150,491 | $1,661 | 2.66% |
| <20% | 109 | $16,805,000 | $154,174 | $1,536 | 2.50% |
| 30-36% | 91 | $15,165,000 | $166,648 | $1,812 | 2.79% |
| 37% | 21 | $3,505,000 | $166,905 | $1,728 | 2.87% |
| 40% | 20 | $4,120,000 | $206,000 | $2,054 | 3.01% |
| 38% | 16 | $2,930,000 | $183,125 | $1,709 | 2.82% |
| 36% | 14 | $2,340,000 | $167,143 | $1,844 | 2.73% |
| 39% | 12 | $2,430,000 | $202,500 | $2,254 | 3.20% |
| 41% | 12 | $2,140,000 | $178,333 | $1,703 | 2.72% |
| 42% | 11 | $2,675,000 | $243,182 | $1,708 | 2.85% |
| 46% | 7 | $1,815,000 | $259,286 | $1,730 | 2.85% |
| 44% | 4 | $680,000 | $170,000 | $1,688 | 3.46% |
| 45% | 4 | $1,820,000 | $455,000 | $2,382 | 3.12% |
| 50-60% | 4 | $890,000 | $222,500 | $1,599 | 2.81% |
| 47% | 4 | $830,000 | $207,500 | $1,497 | 2.59% |
| >60% | 3 | $485,000 | $161,667 | $1,807 | 2.96% |
| 48% | 3 | $375,000 | $125,000 | $1,869 | 2.62% |
| 49% | 3 | $525,000 | $175,000 | $1,534 | 2.41% |
| 43% | 2 | $1,060,000 | $530,000 | $3,358 | 3.12% |
Kohler Credit Union lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? <20%, with 109 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 456 | $76,500,000 | $167,763 | $1,712 | 2.71% |
| Not provided | 37 | $6,375,000 | $172,297 | $1,690 | 2.84% |
| Asian | 19 | $3,005,000 | $158,158 | $1,834 | 2.73% |
| Black | 4 | $970,000 | $242,500 | $2,177 | 3.40% |
| Not applicable | 2 | $830,000 | $415,000 | $0 | 4.00% |
| American Indian | 2 | $550,000 | $275,000 | $1,501 | 2.49% |
| Asian Indian | 1 | $275,000 | $275,000 | $1,631 | 2.49% |
| Other Asian | 1 | $125,000 | $125,000 | $956 | 2.49% |
Approval Rates
Total approvals of all applications93.34%
Kohler Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination68.12%
Kohler Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 522 | $88,630,000 | $169,789 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 522 | $88,630,000 | $169,789 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 58 | $5,710,000 | $98,448 | $1,310 | 2.53% |
| 40-60% | 148 | $20,330,000 | $137,365 | $1,436 | 2.53% |
| 60-80% | 193 | $38,085,000 | $197,332 | $1,744 | 2.73% |
| 80-100% | 107 | $23,885,000 | $223,224 | $2,323 | 2.93% |
| Under 20% | 16 | $620,000 | $38,750 | $1,162 | 4.10% |
