Kohler Credit Union Mortgage Rates, Fees & Info
Sheboygan, WILEI: 5493000FRWKMPAALEY22
Tax ID: 39-0402815
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Mortgage Data
Review & 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 by origination volume include: Sheboygan, Milwaukee, Manitowoc, Fond Du Lac, and Green Bay among others. We have data for 18 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.08% | 4/28/24 |
| 30 Year Conventional Purchase | 6.44% | 4/28/24 |
| 30 Year Conventional Refi | 6.43% | 4/28/24 |
| 15 Year Conventional Purchase | 5.33% | 4/28/24 |
| 15 Year Conventional Refi | 5.62% | 4/28/24 |
| 15 Year Cash-out Refi | 5.62% | 4/28/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
522Origination Dollar Volume (All Markets)
$88,630,000Awards
Kohler Credit Union - 2021
Kohler Credit Union is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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) | 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% |
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.
Similarity Rank: 153
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 515 | $88,125,000 | $171,117 | $1,716 | 2.72% |
| HELOC | 7 | $505,000 | $72,143 | n/a | 3.64% |
For 2021, Kohler Credit Union's most frequently originated type of loan was Conventional, with 515 originations. Their 2nd most popular type was HELOC, with 7 originations.
Loan Reason
For 2021, Kohler Credit Union's most frequently cited loan purpose was Refi, with 371 originations. The 2nd most popular reason was Home Purchase, with 124 originations.
Loan Duration/Length
For 2021, Kohler Credit Union's most frequently cited loan duration was Other, with 226 originations. The 2nd most popular length was 30 Year, with 187 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 507 | $86,255,000 | $170,128 |
Kohler Credit Union's average total fees were $2,161, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 507 originations.
Interest Rates
During 2021, Kohler Credit Union's average interest rate for loans was 2.92%, while their most frequently originated rate bucket for loans was <2.5%, with 241 originations.
Loan Sizing
2021 saw Kohler Credit Union place emphasis on $100k-200k loans with 246 originations, totaling $35,040,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.36%
Kohler Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination71.26%
Kohler Credit Union has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 522 | $88,630,000 | $169,789 |