Coulee Bank Mortgage Rates, Fees & Info

La Crosse, WI

LEI: 5493002B2O407LCTBX72

Tax ID: 39-0978524

5 stars - out of 5 stars, based on 16 reviews

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

Jump to:

Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Coulee Bank is a smaller bank specializing in Home Purchase and Refi loans. Coulee Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, La Crosse, Rochester, Eau Claire, and Winona among others. We have data for 11 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. Coulee Bank 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.72% 3/27/23
    30 Year Conventional Refi 6.46% 3/27/23
    30 Year Cash-out Refi 6.53% 3/27/23
    30 Year FHA Refi 6.27% 3/27/23
    15 Year Conventional Purchase 6.35% 3/27/23
    15 Year Conventional Refi 6.15% 3/27/23
    15 Year Cash-out Refi 6.15% 3/27/23
    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.


    Originations

    261

    Origination Dollar Volume (All Markets)

    $83,005,000
    Show all (5) awards

    Relative Rate

    Coulee Bank's average 30 year fixed mortgage rate was 5.08%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.32%.

    Relative Fees (Closing Costs)

    Coulee Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,862.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 85 $40,205,000 $473,000 $4,270 5.02%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 99 $24,505,000 $247,525 $3,063 5.37%
    ROCHESTER, MN (FHA|USDA|VA) 42 $11,840,000 $281,905 $5,118 5.80%
    Outside of Metro Areas 18 $2,690,000 $149,444 $2,897 4.74%
    EAU CLAIRE, WI (FHA|USDA|VA) 4 $1,100,000 $275,000 $4,217 5.34%
    Winona, MN (FHA|USDA|VA) 4 $1,080,000 $270,000 $4,209 4.16%
    Faribault-Northfield, MN (FHA|USDA|VA) 4 $660,000 $165,000 $4,374 5.93%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $415,000 $415,000 $3,136 7.13%
    Austin, MN (FHA|USDA|VA) 2 $270,000 $135,000 $0 4.48%
    Brainerd, MN (FHA|USDA|VA) 1 $145,000 $145,000 $2,977 4.38%
    Owatonna, MN (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
    Coulee Bank's top markets include Minneapolis, La Crosse, Rochester, Eau Claire, and Winona among others.

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

    Firefighters Credit Union
    Similarity Rank: 125
    CO-OP Credit Union
    Similarity Rank: 308
    Farmers & Merchants Savings Bank
    Similarity Rank: 384
    VERVE, A CREDIT UNION
    Similarity Rank: 399
    Citizens State Bank of La Crosse
    Similarity Rank: 540
    Cf Bank
    Similarity Rank: 777
    MY Credit Union
    Similarity Rank: 800
    Manufacturers Bank & Trust Company
    Similarity Rank: 833
    Liberty Bank Minnesota
    Similarity Rank: 930
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 980

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 261 $83,005,000 $318,027 $3,508 5.27%

    For 2022, Coulee Bank's most frequently originated type of loan was Conventional, with 261 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 194 $58,190,000 $299,948 $3,611 5.34%
    Refi 39 $20,055,000 $514,231 $2,270 5.40%
    Cash Out Refi 19 $3,365,000 $177,105 $4,150 4.01%
    Other 5 $975,000 $195,000 $3,142 5.02%
    Home Improvement 4 $420,000 $105,000 $1,691 6.81%

    For 2022, Coulee Bank's most frequently cited loan purpose was Home Purchase, with 194 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 131 $31,365,000 $239,427 $3,862 5.08%
    5 Year 47 $26,075,000 $554,787 $0 5.67%
    1 Year 32 $7,660,000 $239,375 $2,106 5.05%
    Other 26 $11,500,000 $442,308 $2,327 5.71%
    10 Year 12 $3,770,000 $314,167 $1,424 6.02%
    15 Year 7 $1,215,000 $173,571 $3,210 3.46%
    20 Year 3 $765,000 $255,000 $2,794 6.25%
    3 Year 3 $655,000 $218,333 $0 5.88%

    For 2022, Coulee Bank's most frequently cited loan duration was 30 Year, with 131 originations. The 2nd most popular length was 5 Year, with 47 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 85 $18,125,000 $213,235
    $1k-2k 42 $9,320,000 $221,905
    $2k-3k 16 $4,370,000 $273,125
    $4k-5k 6 $2,090,000 $348,333
    $3k-4k 5 $1,085,000 $217,000
    $5k+ 4 $1,800,000 $450,000

    Coulee Bank's average total fees were $3,862, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 85 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 68 $23,510,000 $345,735
    5-6% 61 $19,485,000 $319,426
    6-7% 60 $16,400,000 $273,333
    3-4% 47 $20,015,000 $425,851
    7-8% 14 $2,390,000 $170,714
    2.5-3% 6 $980,000 $163,333
    Over 8% 5 $225,000 $45,000

    During 2022, Coulee Bank's average interest rate for loans was 5.08%, while their most frequently originated rate bucket for loans was 4-5%, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 115 $31,065,000 $270,130 $3,781 5.38%
    $100k-200k 78 $11,640,000 $149,231 $3,135 4.99%
    $100,000 or less 30 $1,730,000 $57,667 $1,383 6.09%
    $400k-600k 14 $6,700,000 $478,571 $6,452 5.00%
    $600k-1MM 13 $10,475,000 $805,769 $3,998 5.08%
    $1MM+ 11 $21,395,000 $1,945,000 $0 4.36%

    2022 saw Coulee Bank place emphasis on $200k-400k loans with 115 originations, totaling $31,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 40 $9,640,000 $241,000 $3,817 5.60%
    $50k-75k 35 $6,115,000 $174,714 $3,215 5.17%
    $100k-150k 34 $8,420,000 $247,647 $3,741 5.24%
    $50k or less 32 $4,190,000 $130,938 $2,928 4.48%
    $150k-250k 23 $8,045,000 $349,783 $3,643 5.25%
    $250k+ 10 $3,170,000 $317,000 $4,369 5.24%

    Coulee Bank lent most frequently to those with incomes in the $75k-100k range, with 40 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 33 $8,095,000 $245,303 $3,334 4.94%
    20-30% 29 $5,285,000 $182,241 $2,985 5.05%
    43% 10 $1,760,000 $176,000 $3,221 4.63%
    <20% 10 $2,010,000 $201,000 $3,704 4.96%
    48% 10 $3,510,000 $351,000 $4,420 6.01%
    42% 9 $1,535,000 $170,556 $3,020 5.10%
    36% 9 $2,555,000 $283,889 $4,137 5.65%
    41% 8 $1,570,000 $196,250 $2,658 5.77%
    44% 8 $2,490,000 $311,250 $3,888 5.59%
    40% 8 $1,510,000 $188,750 $3,334 5.16%
    39% 7 $1,305,000 $186,429 $3,200 5.09%
    49% 6 $2,040,000 $340,000 $7,815 5.37%
    45% 5 $1,295,000 $259,000 $3,355 5.68%
    37% 5 $815,000 $163,000 $3,499 4.05%
    46% 4 $1,300,000 $325,000 $3,959 5.50%
    38% 4 $900,000 $225,000 $3,085 5.56%
    47% 3 $635,000 $211,667 $2,611 4.17%
    50-60% 2 $330,000 $165,000 $2,281 4.94%
    >60% 1 $15,000 $15,000 $490 8.13%

    Coulee Bank lent most frequently to those with DTI ratios of 30-36%, with 33 originations. The next most common DTI ratio? 20-30%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 83 $42,635,000 $513,675 $0 5.50%
    White 147 $32,295,000 $219,694 $3,359 5.14%
    Not provided 17 $4,055,000 $238,529 $5,305 5.00%
    Asian 13 $3,625,000 $278,846 $3,165 5.43%
    Black 1 $395,000 $395,000 $4,994 6.25%

    Approval Rates

    Total approvals of all applications
    93.75%

    Coulee Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.08%

    Coulee Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 261 $83,005,000 $318,027

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    261 $83,005,000 $318,027

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $3,500,000 $291,667 $2,347 4.90%
    40-60% 26 $7,400,000 $284,615 $2,604 4.87%
    60-80% 106 $40,980,000 $386,604 $4,102 5.20%
    80-100% 106 $30,510,000 $287,830 $3,781 5.33%
    Under 20% 11 $615,000 $55,909 $1,127 6.57%