Kohler Credit Union Mortgage Rates, Fees & Info

Sheboygan, WI

LEI: 5493000FRWKMPAALEY22

Tax ID: 39-0402815

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Kohler Credit Union is a smaller credit union specializing in Cash Out Refi and Home Purchase loans. Kohler Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Milwaukee, Manitowoc, Appleton, and Fond Du Lac among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Kohler Credit Union 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. Kohler Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.08% 11/21/24
    30 Year Conventional Purchase 6.44% 11/21/24
    30 Year Conventional Refi 6.43% 11/21/24
    15 Year Conventional Purchase 5.33% 11/21/24
    15 Year Conventional Refi 5.62% 11/21/24
    15 Year Cash-out Refi 5.62% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Kohler Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Kohler Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    249

    Origination Dollar Volume (All Markets)

    $34,185,000
    Show all (6) awards

    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
    SHEBOYGAN, WI (FHA|USDA|VA) 163 $21,925,000 $134,509 $1,346 4.14%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 51 $7,285,000 $142,843 $1,440 4.61%
    Manitowoc, WI (FHA|USDA|VA) 19 $2,405,000 $126,579 $1,192 4.13%
    Outside of Metro Areas 3 $515,000 $171,667 $1,489 3.42%
    APPLETON, WI (FHA|USDA|VA) 4 $490,000 $122,500 $1,425 3.44%
    FOND DU LAC, WI (FHA|USDA|VA) 3 $425,000 $141,667 $1,495 3.29%
    Stevens Point, WI (FHA|USDA|VA) 1 $385,000 $385,000 $2,581 3.50%
    Marinette, WI-MI (FHA|USDA|VA) 2 $220,000 $110,000 $1,546 3.88%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,165 3.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $1,355 3.50%
    Whitewater, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,505 4.63%
    Kohler Credit Union's top markets include Sheboygan, Milwaukee, Manitowoc, Appleton, and Fond Du Lac among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Kohler Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AppleTree Credit Union
    Similarity Rank: 8
    NORTHWESTERN MUTUAL
    Similarity Rank: 117
    Empower Credit Union
    Similarity Rank: 144
    EDUCATORS CREDIT UNION
    Similarity Rank: 220
    UNITEDONE Credit Union
    Similarity Rank: 220
    VERVE, A CREDIT UNION
    Similarity Rank: 273
    FOX COMMUNITIES
    Similarity Rank: 288
    Westbury Bank
    Similarity Rank: 437
    Kohler Credit Union
    Similarity Rank: 484
    Community First Credit Union
    Similarity Rank: 546

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 249 $34,185,000 $137,289 $1,370 4.20%

    For 2019, Kohler Credit Union's most frequently originated type of loan was Conventional, with 249 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 104 $13,790,000 $132,596 $1,207 3.98%
    Home Purchase 72 $14,660,000 $203,611 $2,073 3.75%
    Home Improvement 30 $1,770,000 $59,000 $823 5.23%
    Other 23 $995,000 $43,261 $791 5.59%
    Refi 20 $2,970,000 $148,500 $1,310 3.84%

    For 2019, Kohler Credit Union's most frequently cited loan purpose was Cash Out Refi, with 104 originations. The 2nd most popular reason was Home Purchase, with 72 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 95 $16,035,000 $168,789 $1,677 3.70%
    10 Year 47 $3,855,000 $82,021 $904 4.39%
    15 Year 41 $4,085,000 $99,634 $1,138 5.17%
    5 Year 31 $1,655,000 $53,387 $702 4.92%
    30+ year 20 $6,240,000 $312,000 $2,157 3.44%
    20 Year 9 $1,165,000 $129,444 $1,338 3.58%
    Other 4 $940,000 $235,000 $1,799 3.53%
    1 Year 1 $165,000 $165,000 $436 3.50%
    3 Year 1 $45,000 $45,000 $932 5.00%

    For 2019, Kohler Credit Union's most frequently cited loan duration was 30 Year, with 95 originations. The 2nd most popular length was 10 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 239 $33,405,000 $139,770

    Kohler Credit Union's average total fees were $1,677, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 140 $22,420,000 $160,143
    4-5% 35 $5,015,000 $143,286
    2.5-3% 25 $4,045,000 $161,800
    5-6% 22 $1,290,000 $58,636
    7-8% 11 $515,000 $46,818
    6-7% 10 $570,000 $57,000
    Over 8% 6 $330,000 $55,000

    During 2019, Kohler Credit Union's average interest rate for loans was 3.70%, while their most frequently originated rate bucket for loans was 3-4%, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 106 $5,750,000 $54,245 $974 4.98%
    $100k-200k 83 $11,655,000 $140,422 $1,507 3.67%
    $200k-400k 57 $15,535,000 $272,544 $1,831 3.55%
    $400k-600k 3 $1,245,000 $415,000 $2,026 3.92%

    2019 saw Kohler Credit Union place emphasis on $100,000 or less loans with 106 originations, totaling $5,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 72 $11,660,000 $161,944 $1,321 4.35%
    $50k-75k 53 $6,485,000 $122,358 $1,392 4.23%
    $75k-100k 48 $6,920,000 $144,167 $1,409 4.09%
    $50k or less 41 $3,595,000 $87,683 $1,349 3.85%
    $150k-250k 22 $3,650,000 $165,909 $1,327 4.28%
    $250k+ 6 $1,210,000 $201,667 $1,655 4.04%

    Kohler Credit Union lent most frequently to those with incomes in the $100k-150k range, with 72 originations. The second most popular income band? $50k-75k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 69 $10,575,000 $153,261 $1,442 4.15%
    20-30% 65 $8,845,000 $136,077 $1,358 3.80%
    <20% 30 $3,790,000 $126,333 $1,396 3.83%
    38% 12 $2,000,000 $166,667 $1,468 4.42%
    37% 11 $1,235,000 $112,273 $1,201 4.31%
    39% 10 $1,280,000 $128,000 $1,227 5.10%
    41% 7 $1,355,000 $193,571 $1,456 3.63%
    36% 7 $845,000 $120,714 $1,527 4.66%
    42% 7 $715,000 $102,143 $1,088 5.43%
    44% 7 $805,000 $115,000 $1,149 5.34%
    40% 6 $720,000 $120,000 $1,010 4.50%
    43% 3 $495,000 $165,000 $1,558 3.50%
    46% 2 $370,000 $185,000 $1,543 4.13%
    >60% 1 $245,000 $245,000 $2,076 2.75%
    45% 1 $45,000 $45,000 $932 5.00%
    49% 1 $85,000 $85,000 $0 4.00%

    Kohler Credit Union lent most frequently to those with DTI ratios of 30-36%, with 69 originations. The next most common DTI ratio? 20-30%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 230 $30,610,000 $133,087 $1,353 4.17%
    Asian 8 $2,290,000 $286,250 $1,833 3.69%
    Not applicable 6 $540,000 $90,000 $0 5.46%
    Asian Indian 1 $395,000 $395,000 $2,270 3.50%
    Not provided 3 $325,000 $108,333 $1,242 4.75%
    Black 1 $25,000 $25,000 $916 7.00%

    Approval Rates

    Total approvals of all applications
    92.86%

    Kohler Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.08%

    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 249 $34,185,000 $137,289

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $500,000 $250,000
    Single Family (1-4 Units):Site-Built 247 $33,685,000 $136,377

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $2,065,000 $62,576 $875 5.09%
    40-60% 27 $2,815,000 $104,259 $1,081 3.98%
    60-80% 80 $12,800,000 $160,000 $1,496 3.72%
    80-100% 72 $15,090,000 $209,583 $1,849 3.63%
    Under 20% 37 $1,415,000 $38,243 $795 5.72%