The Bank Of Brodhead Mortgage Rates, Fees & Info
Brodhead, WILEI: 549300200TL6RMY5ZN25
Tax ID: 39-0183840
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Bank Of Brodhead is a smaller bank specializing in Home Purchase loans. The Bank Of Brodhead has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Milwaukee, Chicago, and Green Bay among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Brodhead has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
135Origination Dollar Volume (All Markets)
$33,885,000Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 58 | $19,060,000 | $328,621 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 60 | $11,880,000 | $198,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $610,000 | $152,500 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 135 | $33,885,000 | $251,000 | $0 | 0.00% |
For 2022, The Bank Of Brodhead's most frequently originated type of loan was Conventional, with 135 originations.
Loan Reason
For 2022, The Bank Of Brodhead's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 135 | $33,885,000 | $251,000 | $0 | 0.00% |
For 2022, The Bank Of Brodhead's most frequently cited loan duration was Other, with 135 originations.
Loan Sizing
2022 saw The Bank Of Brodhead place emphasis on $100k-200k loans with 48 originations, totaling $6,910,000 in origination value.
Applicant Income
The Bank Of Brodhead lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $50k or less, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 135 | $33,885,000 | $251,000 | $0 | 0.00% |
The Bank Of Brodhead lent most frequently to those with DTI ratios of Exempt%, with 135 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.89%
The Bank Of Brodhead has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.04%
The Bank Of Brodhead has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 135 | $33,885,000 | $251,000 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |