Waukesha State Bank Mortgage Rates, Fees & Info

Waukesha, WI

LEI: 5493003H8ECZKN77IZ88

Tax ID: 39-0734270

5 stars - Updated: 11/17/24 - out of 5 stars, based on 27 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • 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

    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.

    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
    Home Equity Line of Credit (HELOC) 6.34% 11/17/24
    30 Year Conventional Purchase 6.28% 11/17/24
    30 Year Conventional Refi 6.18% 11/17/24
    30 Year Cash-out Refi 6.63% 11/17/24
    30 Year FHA Purchase 6.75% 11/17/24
    30 Year FHA Refi 7.15% 11/17/24
    30 Year VA Purchase 6.16% 11/17/24
    15 Year Conventional Purchase 5.92% 11/17/24
    15 Year Conventional Refi 5.85% 11/17/24
    15 Year Cash-out Refi 5.85% 11/17/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    728

    Origination Dollar Volume (All Markets)

    $233,640,000
    Show all (5) awards

    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%
    Waukesha State Bank's top markets include Milwaukee, Racine, Whitewater, Watertown, and Beaver Dam among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • 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.

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    National Exchange Bank and Trust
    Similarity Rank: 112
    PremierBank
    Similarity Rank: 143
    Empower Credit Union
    Similarity Rank: 203
    The First National Bank and Trust Company
    Similarity Rank: 255
    PyraMax Bank, FSB
    Similarity Rank: 270
    Citizens Bank
    Similarity Rank: 296
    The Greenwood's State Bank
    Similarity Rank: 312
    Westbury Bank
    Similarity Rank: 330

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 487 $208,335,000 $427,793 $2,465 6.72%
    HELOC 229 $22,245,000 $97,140 n/a 8.43%
    FHA 10 $2,550,000 $255,000 $8,073 6.81%
    VA 2 $510,000 $255,000 $8,370 6.69%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 311 $95,635,000 $307,508 $3,671 6.74%
    Refi 192 $105,880,000 $551,458 $1,176 6.91%
    Home Improvement 139 $24,685,000 $177,590 $316 8.30%
    Other 77 $5,565,000 $72,273 $603 8.38%
    Cash Out Refi 9 $1,875,000 $208,333 $2,326 7.01%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 376 $121,340,000 $322,713 $2,902 6.50%
    5 Year 293 $80,135,000 $273,498 $277 8.21%
    1 Year 16 $5,470,000 $341,875 $3,271 7.24%
    10 Year 14 $550,000 $39,286 $165 7.34%
    15 Year 13 $2,425,000 $186,538 $1,594 7.52%
    3 Year 7 $20,765,000 $2,966,429 $0 6.75%
    Other 5 $1,295,000 $259,000 $2,821 8.38%
    20 Year 4 $1,660,000 $415,000 $2,059 7.38%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 385 $118,005,000 $306,506
    $1k-2k 50 $11,050,000 $221,000
    $2k-3k 8 $1,610,000 $201,250
    $3k-4k 6 $980,000 $163,333
    $5k+ 4 $1,610,000 $402,500
    $4k-5k 1 $185,000 $185,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 231 $65,665,000 $284,264 $3,054 6.79%
    $100,000 or less 202 $10,470,000 $51,832 $789 8.28%
    $100k-200k 175 $25,595,000 $146,257 $2,906 7.30%
    $400k-600k 81 $39,535,000 $488,086 $2,651 6.48%
    $600k-1MM 27 $18,885,000 $699,444 $2,271 6.27%
    $1MM+ 12 $73,490,000 $6,124,167 $3,703 6.09%

    2023 saw Waukesha State Bank place emphasis on $200k-400k loans with 231 originations, totaling $65,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 182 $48,760,000 $267,912 $2,325 7.27%
    $100k-150k 180 $40,610,000 $225,611 $2,689 7.30%
    $50k-75k 107 $16,135,000 $150,794 $2,916 7.15%
    $75k-100k 96 $17,350,000 $180,729 $2,542 7.22%
    $250k+ 81 $28,415,000 $350,802 $2,880 7.47%
    $50k or less 28 $2,700,000 $96,429 $2,520 7.05%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 177 $32,525,000 $183,757 $2,267 7.39%
    30-36% 134 $28,290,000 $211,119 $2,301 7.40%
    <20% 66 $10,340,000 $156,667 $2,301 7.48%
    39% 50 $7,470,000 $149,400 $2,422 7.96%
    48% 25 $9,915,000 $396,600 $2,613 6.34%
    42% 24 $7,700,000 $320,833 $3,210 6.94%
    36% 24 $4,650,000 $193,750 $2,372 7.55%
    37% 24 $4,610,000 $192,083 $2,310 7.31%
    40% 22 $7,140,000 $324,545 $2,947 7.01%
    41% 19 $5,695,000 $299,737 $2,623 6.49%
    38% 19 $2,845,000 $149,737 $1,665 7.87%
    45% 18 $5,990,000 $332,778 $2,759 6.78%
    47% 16 $5,560,000 $347,500 $3,447 6.63%
    46% 15 $5,325,000 $355,000 $3,017 6.24%
    49% 15 $4,595,000 $306,333 $3,477 7.04%
    43% 14 $4,960,000 $354,286 $2,691 6.59%
    44% 12 $3,580,000 $298,333 $2,813 6.83%
    >60% 5 $1,855,000 $371,000 $3,374 6.98%
    50-60% 5 $2,725,000 $545,000 $8,105 7.03%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 615 $140,235,000 $228,024 $2,566 7.27%
    Not applicable 44 $77,870,000 $1,769,773 $0 7.11%
    Asian 20 $6,060,000 $303,000 $3,517 7.02%
    Not provided 31 $5,325,000 $171,774 $2,290 7.58%
    Black 9 $1,555,000 $172,778 $3,502 6.74%
    Asian Indian 3 $1,095,000 $365,000 $3,566 6.38%
    American Indian 4 $740,000 $185,000 $3,734 8.50%
    Vietnamese 1 $545,000 $545,000 $4,040 6.13%
    Other Asian 1 $215,000 $215,000 $3,483 5.38%

    Approval Rates

    Total approvals of all applications
    89.78%

    Waukesha State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.48%

    Waukesha State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 728 $233,640,000 $320,934

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    728 $233,640,000 $320,934

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 127 $18,455,000 $145,315 $1,476 7.82%
    40-60% 74 $47,610,000 $643,378 $1,718 6.57%
    60-80% 146 $81,710,000 $559,658 $3,190 6.91%
    80-100% 203 $75,275,000 $370,813 $3,278 6.49%
    Under 20% 178 $10,590,000 $59,494 $349 8.31%