Kohler Credit Union Mortgage Rates, Fees & Info

Sheboygan, WI

LEI: 5493000FRWKMPAALEY22

Tax ID: 39-0402815

5 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

522

Origination Dollar Volume (All Markets)

$88,630,000

Awards

Kohler Credit Union 30 Year Conventional Loans gold Kohler Credit Union 30 Year Conventional Loans silver Kohler Credit Union 30 Year Conventional Loans silver Kohler Credit Union 30 Year Conventional Loans bronze
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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 applications
93.34%

Kohler Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
68.12%

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%