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 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 Racine among others. We have data for 16 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% 11/22/24
    30 Year Conventional Purchase 6.44% 11/22/24
    30 Year Conventional Refi 6.43% 11/22/24
    15 Year Conventional Purchase 5.33% 11/22/24
    15 Year Conventional Refi 5.62% 11/22/24
    15 Year Cash-out Refi 5.62% 11/22/24
    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

    675

    Origination Dollar Volume (All Markets)

    $95,805,000
    Show all (5) 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) 422 $47,660,000 $112,938 $2,278 4.42%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 166 $33,250,000 $200,301 $2,575 4.60%
    Manitowoc, WI (FHA|USDA|VA) 41 $5,865,000 $143,049 $2,348 4.35%
    FOND DU LAC, WI (FHA|USDA|VA) 16 $2,800,000 $175,000 $2,458 3.86%
    RACINE, WI (FHA|USDA|VA) 3 $1,135,000 $378,333 $2,103 4.79%
    APPLETON, WI (FHA|USDA|VA) 7 $1,115,000 $159,286 $2,248 4.18%
    GREEN BAY, WI (FHA|USDA|VA) 4 $800,000 $200,000 $2,564 3.00%
    MADISON, WI (FHA|USDA|VA) 2 $680,000 $340,000 $3,246 4.25%
    Beaver Dam, WI (FHA|USDA|VA) 4 $540,000 $135,000 $2,639 4.25%
    Shawano, WI (FHA|USDA|VA) 2 $510,000 $255,000 $2,760 4.00%
    Outside of Metro Areas 2 $360,000 $180,000 $2,428 2.88%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $335,000 $335,000 $2,972 4.63%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $250,000 $125,000 $2,854 4.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,020 2.88%
    Marinette, WI-MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,608 5.63%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,603 5.00%
    Kohler Credit Union's top markets include Sheboygan, Milwaukee, Manitowoc, Fond Du Lac, and Racine 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.

    NORTHWESTERN MUTUAL
    Similarity Rank: 70
    UNITEDONE Credit Union
    Similarity Rank: 77
    Empower Credit Union
    Similarity Rank: 81
    Denmark State Bank
    Similarity Rank: 110
    Community First Credit Union
    Similarity Rank: 168
    Glacier Hills Credit Union
    Similarity Rank: 200
    FOX COMMUNITIES
    Similarity Rank: 216
    EDUCATORS CREDIT UNION
    Similarity Rank: 300
    Blackhawk Community Credit Union
    Similarity Rank: 330
    Hometown Bank
    Similarity Rank: 544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 377 $76,985,000 $204,204 $2,377 3.89%
    HELOC 298 $18,820,000 $63,154 n/a 5.11%

    For 2022, Kohler Credit Union's most frequently originated type of loan was Conventional, with 377 originations. Their 2nd most popular type was HELOC, with 298 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 288 $38,040,000 $132,083 $2,039 3.94%
    Home Purchase 165 $41,685,000 $252,636 $2,846 4.20%
    Home Improvement 125 $8,065,000 $64,520 $1,988 5.20%
    Other 97 $8,015,000 $82,629 $2,023 5.29%

    For 2022, Kohler Credit Union's most frequently cited loan purpose was Refi, with 288 originations. The 2nd most popular reason was Home Purchase, with 165 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 306 $20,070,000 $65,588 $1,979 5.06%
    30 Year 180 $42,780,000 $237,667 $2,614 4.14%
    20 Year 83 $16,305,000 $196,446 $2,197 3.68%
    15 Year 67 $10,335,000 $154,254 $2,100 3.65%
    10 Year 29 $2,565,000 $88,448 $1,983 3.82%
    30+ year 6 $3,440,000 $573,333 $3,249 3.44%
    5 Year 3 $215,000 $71,667 $1,985 3.50%
    3 Year 1 $95,000 $95,000 $2,473 5.25%

    For 2022, Kohler Credit Union's most frequently cited loan duration was Other, with 306 originations. The 2nd most popular length was 30 Year, with 180 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 372 $75,880,000 $203,978

    Kohler Credit Union's average total fees were $2,614, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 372 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 219 $29,515,000 $134,772
    4-5% 152 $25,190,000 $165,724
    2.5-3% 105 $21,815,000 $207,762
    5-6% 99 $10,945,000 $110,556
    6-7% 44 $3,590,000 $81,591
    Over 8% 26 $1,680,000 $64,615
    7-8% 15 $1,045,000 $69,667
    <2.5% 15 $2,025,000 $135,000

    During 2022, Kohler Credit Union's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was 3-4%, with 219 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 321 $16,005,000 $49,860 $2,026 4.86%
    $100k-200k 194 $27,250,000 $140,464 $2,270 4.15%
    $200k-400k 135 $37,595,000 $278,481 $2,577 3.89%
    $400k-600k 17 $7,985,000 $469,706 $3,101 4.21%
    $600k-1MM 6 $4,610,000 $768,333 $3,377 3.71%
    $1MM+ 2 $2,360,000 $1,180,000 $3,027 3.00%

    2022 saw Kohler Credit Union place emphasis on $100,000 or less loans with 321 originations, totaling $16,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 176 $28,490,000 $161,875 $2,426 4.47%
    $50k-75k 135 $14,705,000 $108,926 $2,306 4.57%
    $75k-100k 114 $14,880,000 $130,526 $2,322 4.34%
    $50k or less 109 $7,965,000 $73,073 $2,277 4.38%
    $150k-250k 96 $16,690,000 $173,854 $2,411 4.35%
    $250k+ 31 $11,245,000 $362,742 $2,711 4.29%

    Kohler Credit Union lent most frequently to those with incomes in the $100k-150k range, with 176 originations. The second most popular income band? $50k-75k, with 135 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 199 $28,575,000 $143,593 $2,314 4.39%
    30-36% 110 $16,000,000 $145,455 $2,361 4.70%
    <20% 107 $11,855,000 $110,794 $2,239 4.08%
    40% 28 $5,050,000 $180,357 $2,716 4.12%
    36% 24 $3,910,000 $162,917 $2,515 4.65%
    39% 24 $3,190,000 $132,917 $2,533 4.84%
    50-60% 22 $3,460,000 $157,273 $2,665 4.91%
    41% 20 $3,190,000 $159,500 $2,369 3.81%
    38% 16 $1,560,000 $97,500 $2,206 4.11%
    37% 16 $2,770,000 $173,125 $2,476 4.68%
    45% 16 $2,200,000 $137,500 $2,297 4.40%
    42% 15 $1,575,000 $105,000 $2,425 4.56%
    >60% 13 $1,545,000 $118,846 $2,326 4.82%
    43% 12 $2,690,000 $224,167 $2,425 4.07%
    46% 12 $1,250,000 $104,167 $2,250 5.47%
    44% 10 $1,370,000 $137,000 $2,287 4.31%
    48% 9 $1,885,000 $209,444 $2,793 4.53%
    47% 9 $1,445,000 $160,556 $2,521 4.14%
    49% 5 $705,000 $141,000 $2,509 4.35%

    Kohler Credit Union lent most frequently to those with DTI ratios of 20-30%, with 199 originations. The next most common DTI ratio? 30-36%, with 110 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 591 $78,165,000 $132,259 $2,359 4.45%
    Not provided 47 $10,435,000 $222,021 $2,405 3.93%
    Asian 18 $3,810,000 $211,667 $2,775 4.91%
    Not applicable 8 $1,510,000 $188,750 $1,843 4.33%
    Black 6 $1,400,000 $233,333 $2,972 5.33%
    Native Hawaiian or Islander 1 $245,000 $245,000 $0 3.50%
    American Indian 3 $185,000 $61,667 $2,123 3.38%
    Other Asian 1 $55,000 $55,000 $0 5.50%

    Approval Rates

    Total approvals of all applications
    92.69%

    Kohler Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.78%

    Kohler Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 675 $95,805,000 $141,933

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    675 $95,805,000 $141,933

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 149 $12,955,000 $86,946 $2,032 4.71%
    40-60% 78 $11,630,000 $149,103 $2,148 3.85%
    60-80% 133 $29,815,000 $224,173 $2,319 3.89%
    80-100% 125 $33,485,000 $267,880 $2,788 4.09%
    Under 20% 190 $7,920,000 $41,684 $1,871 5.05%