Waukesha State Bank Mortgage Rates, Fees & Info
Waukesha, WILEI: 5493003H8ECZKN77IZ88
Tax ID: 39-0734270
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Waukesha State Bank is a smaller bank specializing in Home Purchase and Refi loans. Waukesha State 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: Milwaukee, Racine, Whitewater, Watertown, and Beaver Dam among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Waukesha State Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Waukesha State 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.34% | 12/16/24 |
| 30 Year Conventional Purchase | 6.28% | 12/16/24 |
| 30 Year Conventional Refi | 6.18% | 12/16/24 |
| 30 Year Cash-out Refi | 6.63% | 12/16/24 |
| 30 Year FHA Purchase | 6.75% | 12/16/24 |
| 30 Year FHA Refi | 7.15% | 12/16/24 |
| 30 Year VA Purchase | 6.16% | 12/16/24 |
| 15 Year Conventional Purchase | 5.92% | 12/16/24 |
| 15 Year Conventional Refi | 5.85% | 12/16/24 |
| 15 Year Cash-out Refi | 5.85% | 12/16/24 |
| 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. | ||
Waukesha State Bank Mortgage Calculator
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This is not an official calculator from Waukesha State Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
728Origination Dollar Volume (All Markets)
$233,640,000Awards
Waukesha State Bank - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Waukesha State Bank's average 30 year fixed mortgage rate was
6.5%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.02%.
Relative Fees (Closing Costs)
Waukesha State Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,902.
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 $9,089.
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) | 621 | $207,115,000 | $333,519 | $2,567 | 7.30% |
| RACINE, WI (FHA|USDA|VA) | 23 | $5,945,000 | $258,478 | $2,336 | 7.11% |
| Outside of Metro Areas | 17 | $4,525,000 | $266,176 | $2,599 | 6.42% |
| Whitewater, WI (FHA|USDA|VA) | 19 | $4,265,000 | $224,474 | $2,790 | 6.97% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 17 | $2,375,000 | $139,706 | $1,975 | 7.61% |
| Beaver Dam, WI (FHA|USDA|VA) | 8 | $2,000,000 | $250,000 | $2,724 | 7.72% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $1,245,000 | $415,000 | $4,668 | 6.13% |
| MADISON, WI (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $3,467 | 6.04% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $6,964 | 7.31% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $6,211 | 4.75% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $3,557 | 5.85% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $4,564 | 6.38% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,337 | 5.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,932 | 7.50% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $1,672 | 7.25% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,176 | 5.63% |
| FOND DU LAC, WI (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $1,505 | 8.25% |
| Shawano, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,249 | 7.50% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.50% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $178 | 10.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Waukesha State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 44
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Product Mix
For 2023, Waukesha State Bank's most frequently originated type of loan was Conventional, with 487 originations. Their 2nd most popular type was HELOC, with 229 originations.
Loan Reason
For 2023, Waukesha State Bank's most frequently cited loan purpose was Home Purchase, with 311 originations. The 2nd most popular reason was Refi, with 192 originations.
Loan Duration/Length
For 2023, Waukesha State Bank's most frequently cited loan duration was 30 Year, with 376 originations. The 2nd most popular length was 5 Year, with 293 originations.
Origination Fees/Closing Costs
Waukesha State Bank's average total fees were $2,902, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 385 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 237 | $45,505,000 | $192,004 |
| 5-6% | 171 | $83,935,000 | $490,848 |
| Over 8% | 163 | $31,305,000 | $192,055 |
| 6-7% | 154 | $71,830,000 | $466,429 |
| 4-5% | 3 | $1,065,000 | $355,000 |
During 2023, Waukesha State Bank's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 7-8%, with 237 originations.
Loan Sizing
2023 saw Waukesha State Bank place emphasis on $200k-400k loans with 231 originations, totaling $65,665,000 in origination value.
Applicant Income
Waukesha State Bank lent most frequently to those with incomes in the $150k-250k range, with 182 originations. The second most popular income band? $100k-150k, with 180 originations.
Applicant Debt to Income Ratio
Waukesha State Bank lent most frequently to those with DTI ratios of 20-30%, with 177 originations. The next most common DTI ratio? 30-36%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.78%
Waukesha State Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.48%
Waukesha State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 728 | $233,640,000 | $320,934 |