Coulee Bank Mortgage Rates, Fees & Info

La Crosse, WI

LEI: 5493002B2O407LCTBX72

Tax ID: 39-0978524

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Mortgage Data

Review & Overview

Coulee Bank is a smaller bank specializing in Home Purchase loans. Coulee Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Minneapolis, La Crosse, Rochester, Winona, and Phoenix among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Coulee Bank 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.

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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Originations

246

Origination Dollar Volume (All Markets)

$64,460,000

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 94 $24,560,000 $261,277 $0 0.00%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 72 $18,090,000 $251,250 $0 0.00%
Outside of Metro Areas 30 $8,440,000 $281,333 $0 0.00%
ROCHESTER, MN (FHA|USDA|VA) 28 $5,880,000 $210,000 $0 7.55%
Winona, MN (FHA|USDA|VA) 4 $1,510,000 $377,500 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,050,000 $525,000 $0 0.00%
ST. CLOUD, MN (FHA|USDA|VA) 2 $940,000 $470,000 $0 0.00%
GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $750,000 $375,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 2 $620,000 $310,000 $0 0.00%
Hutchinson, MN (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Faribault-Northfield, MN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Austin, MN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Coulee Bank's top markets include Minneapolis, La Crosse, Rochester, Winona, and Phoenix among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Similar Lenders

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

    CO-OP Credit Union
    Similarity Rank: 33
    Firefighters Credit Union
    Similarity Rank: 95
    MY Credit Union
    Similarity Rank: 130
    Citizens State Bank of La Crosse
    Similarity Rank: 260
    SHAREPOINT CREDIT UNION
    Similarity Rank: 348
    WNB Financial, N.A.
    Similarity Rank: 352
    ST. CLOUD FINANCIAL
    Similarity Rank: 742
    VERIDIAN CREDIT UNION
    Similarity Rank: 915
    Cornerstone State Bank
    Similarity Rank: 936
    TOPLINE FEDERAL CREDIT UNION
    Similarity Rank: 975

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 239 $62,355,000 $260,900 $0 0.00%
    FHA 4 $1,430,000 $357,500 $0 0.00%
    HELOC 2 $430,000 $215,000 n/a 7.55%
    VA 1 $245,000 $245,000 $0 0.00%

    For 2024, Coulee Bank's most frequently originated type of loan was Conventional, with 239 originations. Their 2nd most popular type was FHA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 191 $52,035,000 $272,435 $0 0.00%
    Refi 38 $9,520,000 $250,526 $0 7.55%
    Other 8 $1,490,000 $186,250 $0 0.00%
    Cash Out Refi 8 $1,340,000 $167,500 $0 0.00%
    Home Improvement 1 $75,000 $75,000 $0 0.00%

    For 2024, Coulee Bank's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 244 $64,030,000 $262,418 $0 0.00%
    5 Year 2 $430,000 $215,000 $0 7.55%

    For 2024, Coulee Bank's most frequently cited loan duration was Other, with 244 originations. The 2nd most popular length was 5 Year, with 2 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 2 $430,000 $215,000

    During 2024, Coulee Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 2 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 122 $32,810,000 $268,934 $0 7.55%
    $100k-200k 78 $12,500,000 $160,256 $0 0.00%
    $400k-600k 20 $9,710,000 $485,500 $0 0.00%
    $100,000 or less 17 $1,015,000 $59,706 $0 0.00%
    $600k-1MM 8 $6,470,000 $808,750 $0 0.00%
    $1MM+ 1 $1,955,000 $1,955,000 $0 0.00%

    2024 saw Coulee Bank place emphasis on $200k-400k loans with 122 originations, totaling $32,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $6,735,000 $204,091 $0 0.00%
    $100k-150k 32 $9,010,000 $281,563 $0 0.00%
    $75k-100k 32 $7,800,000 $243,750 $0 0.00%
    $250k+ 28 $7,870,000 $281,071 $0 7.55%
    $150k-250k 24 $7,800,000 $325,000 $0 0.00%
    $50k or less 13 $1,825,000 $140,385 $0 0.00%

    Coulee Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 244 $64,030,000 $262,418 $0 0.00%
    <20% 2 $430,000 $215,000 $0 7.55%

    Coulee Bank lent most frequently to those with DTI ratios of Exempt%, with 244 originations. The next most common DTI ratio? <20%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $34,390,000 $245,643 $0 7.55%
    Not applicable 84 $23,420,000 $278,810 $0 0.00%
    Not provided 8 $2,310,000 $288,750 $0 0.00%
    Asian 6 $2,150,000 $358,333 $0 0.00%
    Black 5 $1,655,000 $331,000 $0 0.00%
    American Indian 1 $195,000 $195,000 $0 0.00%
    Asian Indian 1 $175,000 $175,000 $0 0.00%
    Other Pacific Islander 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.96%

    Coulee Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.92%

    Coulee Bank 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
    Exempt 244 $64,030,000 $262,418
    NA 2 $430,000 $215,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    246 $64,460,000 $262,033

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 2 $430,000 $215,000 $0 7.55%