Westbury Bank Mortgage Rates, Fees & Info
Waukesha, WILEI: 5493002XHCZ94X8YST31
Tax ID: 39-0698030
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Mortgage Data
Review & Overview
Westbury Bank is a smaller bank specializing in Home Purchase loans. Westbury Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Whitewater, Fond Du Lac, and Beaver Dam among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Westbury 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. Westbury 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 7/7/25 |
| 30 Year Conventional Refi | 6.45% | 7/7/25 |
| 30 Year Cash-out Refi | 6.76% | 7/7/25 |
| 30 Year VA Purchase | 6.49% | 7/7/25 |
| 30 Year VA Refi | 6.07% | 7/7/25 |
| 15 Year Conventional Purchase | 5.73% | 7/7/25 |
| 15 Year Conventional Refi | 6.13% | 7/7/25 |
| 15 Year Cash-out Refi | 6.13% | 7/7/25 |
| 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. | ||
Westbury Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Westbury Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
76Origination Dollar Volume (All Markets)
$22,090,000Awards
Westbury Bank - 2024
Westbury Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
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Relative Rate
Westbury Bank's average 30 year fixed mortgage rate was
6.49%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.06%.
Relative Fees (Closing Costs)
Westbury Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,160.
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 $8,356.
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 |
|---|---|---|---|---|---|
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 53 | $16,745,000 | $315,943 | $2,241 | 6.49% |
| RACINE, WI (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $1,219 | 6.41% |
| Whitewater, WI (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $1,914 | 6.58% |
| FOND DU LAC, WI (FHA|USDA|VA) | 4 | $800,000 | $200,000 | $2,222 | 6.25% |
| Beaver Dam, WI (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $2,022 | 6.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $1,991 | 6.50% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $1,092 | 8.50% |
| Outside of Metro Areas | 2 | $500,000 | $250,000 | $2,097 | 6.64% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,012 | 6.25% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,387 | 6.25% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,007 | 6.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Westbury Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 49
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $20,825,000 | $285,274 | $2,021 | 6.52% |
| VA | 3 | $1,265,000 | $421,667 | $4,407 | 6.21% |
For 2024, Westbury Bank's most frequently originated type of loan was Conventional, with 73 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2024, Westbury Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
For 2024, Westbury Bank's most frequently cited loan duration was 30 Year, with 70 originations. The 2nd most popular length was 15 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 69 | $19,705,000 | $285,580 |
| $3k-4k | 1 | $565,000 | $565,000 |
Westbury Bank's average total fees were $2,160, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 69 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 52 | $14,650,000 | $281,731 |
| 5-6% | 17 | $5,425,000 | $319,118 |
| 7-8% | 5 | $1,935,000 | $387,000 |
| Over 8% | 2 | $80,000 | $40,000 |
During 2024, Westbury Bank's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was 6-7%, with 52 originations.
Loan Sizing
2024 saw Westbury Bank place emphasis on $200k-400k loans with 41 originations, totaling $11,815,000 in origination value.
Applicant Income
Westbury Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $50k-75k, with 14 originations.
Applicant Debt to Income Ratio
Westbury Bank lent most frequently to those with DTI ratios of 30-36%, with 12 originations. The next most common DTI ratio? 20-30%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.39%
Westbury Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.16%
Westbury Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 76 | $22,090,000 | $290,658 |