Coulee Bank Mortgage Rates, Fees & Info

La Crosse, WI

LEI: 5493002B2O407LCTBX72

Tax ID: 39-0978524

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    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, Duluth, and Sterling among others. We have data for 16 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.

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    Originations

    267

    Origination Dollar Volume (All Markets)

    $67,555,000

    Awards

    Coulee Bank 30 Year Conventional Loans bronze
    Show all (1) 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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 84 $27,540,000 $327,857 $4,245 7.73%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 110 $24,120,000 $219,273 $3,561 6.73%
    Outside of Metro Areas 44 $8,780,000 $199,545 $3,511 7.13%
    ROCHESTER, MN (FHA|USDA|VA) 16 $4,000,000 $250,000 $6,181 6.57%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $610,000 $305,000 $4,758 6.50%
    Sterling, IL (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    MADISON, WI (FHA|USDA|VA) 1 $315,000 $315,000 $3,516 7.25%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $255,000 $255,000 $0 7.25%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $245,000 $245,000 $3,575 5.63%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $225,000 $225,000 $3,507 5.88%
    PUEBLO, CO (FHA|USDA|VA) 1 $215,000 $215,000 $3,267 7.13%
    Red Wing, MN (FHA|USDA|VA) 1 $205,000 $205,000 $0 8.75%
    DUBUQUE, IA (FHA|USDA|VA) 1 $195,000 $195,000 $3,234 6.50%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $195,000 $195,000 $3,115 6.63%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $145,000 $145,000 $3,418 6.50%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.00%
    Coulee Bank's top markets include Minneapolis, La Crosse, Rochester, Duluth, and Sterling among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Colorado (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: 28
    South Metro Federal Credit Union
    Similarity Rank: 55
    MY Credit Union
    Similarity Rank: 225
    WNB Financial, N.A.
    Similarity Rank: 408
    Cornerstone State Bank
    Similarity Rank: 456
    MAYO EMPLOYEES FEDERAL CREDIT UNION
    Similarity Rank: 672
    SHAREPOINT CREDIT UNION
    Similarity Rank: 745
    Mortgages Unlimited Inc.
    Similarity Rank: 1122
    IDEAL
    Similarity Rank: 1152
    Liberty Bank Minnesota
    Similarity Rank: 1166

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 259 $65,625,000 $253,378 $3,574 7.14%
    FHA 8 $1,930,000 $241,250 $8,607 6.22%

    For 2023, Coulee Bank's most frequently originated type of loan was Conventional, with 259 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 219 $56,445,000 $257,740 $3,980 7.05%
    Refi 37 $8,645,000 $233,649 $2,281 7.49%
    Cash Out Refi 9 $2,165,000 $240,556 $4,962 6.73%
    Other 2 $300,000 $150,000 $982 8.38%

    For 2023, Coulee Bank's most frequently cited loan purpose was Home Purchase, with 219 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 150 $34,020,000 $226,800 $4,087 6.58%
    1 Year 40 $10,890,000 $272,250 $2,441 8.79%
    5 Year 35 $12,135,000 $346,714 $0 7.25%
    Other 21 $5,485,000 $261,190 $2,067 7.99%
    3 Year 8 $2,600,000 $325,000 $0 7.37%
    15 Year 6 $1,770,000 $295,000 $4,583 5.94%
    10 Year 6 $500,000 $83,333 $1,414 6.42%
    20 Year 1 $155,000 $155,000 $3,550 6.88%

    For 2023, Coulee Bank's most frequently cited loan duration was 30 Year, with 150 originations. The 2nd most popular length was 1 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 90 $19,780,000 $219,778
    $1k-2k 67 $13,835,000 $206,493
    $2k-3k 11 $2,665,000 $242,273
    $5k+ 9 $3,555,000 $395,000
    $3k-4k 4 $1,350,000 $337,500
    $4k-5k 3 $805,000 $268,333

    Coulee Bank's average total fees were $4,087, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 90 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 92 $29,230,000 $317,717
    6-7% 84 $21,500,000 $255,952
    Over 8% 47 $7,705,000 $163,936
    5-6% 41 $8,505,000 $207,439
    <2.5% 1 $15,000 $15,000
    4-5% 1 $145,000 $145,000

    During 2023, Coulee Bank's average interest rate for loans was 6.58%, while their most frequently originated rate bucket for loans was 7-8%, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 114 $29,810,000 $261,491 $4,244 7.09%
    $100k-200k 93 $14,605,000 $157,043 $3,362 7.12%
    $100,000 or less 27 $1,585,000 $58,704 $2,037 7.33%
    $400k-600k 21 $9,985,000 $475,476 $5,455 6.93%
    $600k-1MM 10 $7,440,000 $744,000 $5,950 7.15%
    $1MM+ 2 $4,130,000 $2,065,000 $0 7.13%

    2023 saw Coulee Bank place emphasis on $200k-400k loans with 114 originations, totaling $29,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 59 $10,565,000 $179,068 $3,634 6.57%
    $100k-150k 34 $9,200,000 $270,588 $4,036 7.21%
    $75k-100k 33 $6,055,000 $183,485 $3,304 6.67%
    $50k or less 26 $4,040,000 $155,385 $3,421 6.45%
    $150k-250k 23 $8,055,000 $350,217 $4,172 6.79%
    $250k+ 10 $4,260,000 $426,000 $5,809 7.08%

    Coulee Bank lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 37 $8,465,000 $228,784 $3,330 6.75%
    20-30% 24 $4,420,000 $184,167 $3,306 6.88%
    41% 14 $3,520,000 $251,429 $3,713 7.00%
    48% 14 $3,210,000 $229,286 $3,720 6.79%
    <20% 9 $1,745,000 $193,889 $3,078 6.78%
    42% 9 $2,395,000 $266,111 $3,537 6.44%
    44% 9 $1,785,000 $198,333 $3,632 6.92%
    40% 8 $2,310,000 $288,750 $5,962 6.78%
    39% 7 $1,025,000 $146,429 $2,463 7.02%
    45% 7 $1,505,000 $215,000 $3,472 5.27%
    47% 7 $2,215,000 $316,429 $6,317 6.37%
    36% 7 $1,765,000 $252,143 $3,530 6.41%
    38% 7 $1,045,000 $149,286 $2,826 7.16%
    49% 6 $1,670,000 $278,333 $4,609 6.75%
    50-60% 5 $1,125,000 $225,000 $5,230 7.43%
    43% 5 $1,465,000 $293,000 $5,087 6.53%
    46% 4 $1,190,000 $297,500 $6,670 6.78%
    37% 4 $1,070,000 $267,500 $3,523 6.22%
    >60% 1 $65,000 $65,000 $982 8.38%

    Coulee Bank lent most frequently to those with DTI ratios of 30-36%, with 37 originations. The next most common DTI ratio? 20-30%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 165 $37,685,000 $228,394 $3,672 6.72%
    Not applicable 81 $25,155,000 $310,556 $0 7.98%
    Asian 9 $1,755,000 $195,000 $3,551 6.97%
    Black 4 $1,410,000 $352,500 $8,807 6.66%
    Not provided 7 $1,355,000 $193,571 $3,736 6.96%
    American Indian 1 $195,000 $195,000 $5,953 6.75%

    Approval Rates

    Total approvals of all applications
    92.18%

    Coulee Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.78%

    Coulee Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 267 $67,555,000 $253,015

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    267 $67,555,000 $253,015

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,390,000 $86,875 $2,913 7.47%
    40-60% 29 $7,595,000 $261,897 $2,966 7.41%
    60-80% 94 $27,910,000 $296,915 $3,787 7.48%
    80-100% 118 $29,890,000 $253,305 $4,323 6.68%
    Under 20% 9 $315,000 $35,000 $599 7.47%