Waukesha State Bank Mortgage Rates, Fees & Info

Waukesha, WI

LEI: 5493003H8ECZKN77IZ88

Tax ID: 39-0734270

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    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, Sheboygan, Whitewater, and Wisconsin Rapids 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 above average approval rate when compared to the average across all lenders. They have an above 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 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
    Home Equity Line of Credit (HELOC) 6.34% 11/21/24
    30 Year Conventional Purchase 6.28% 11/21/24
    30 Year Conventional Refi 6.18% 11/21/24
    30 Year Cash-out Refi 6.63% 11/21/24
    30 Year FHA Purchase 6.75% 11/21/24
    30 Year FHA Refi 7.15% 11/21/24
    30 Year VA Purchase 6.16% 11/21/24
    15 Year Conventional Purchase 5.92% 11/21/24
    15 Year Conventional Refi 5.85% 11/21/24
    15 Year Cash-out Refi 5.85% 11/21/24
    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

    1,150

    Origination Dollar Volume (All Markets)

    $351,860,000
    Show all (10) 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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 995 $297,985,000 $299,482 $2,297 4.56%
    RACINE, WI (FHA|USDA|VA) 36 $9,370,000 $260,278 $2,207 4.22%
    Outside of Metro Areas 23 $7,795,000 $338,913 $2,561 3.93%
    SHEBOYGAN, WI (FHA|USDA|VA) 2 $7,400,000 $3,700,000 $3,492 4.19%
    Whitewater, WI (FHA|USDA|VA) 28 $6,260,000 $223,571 $1,875 4.49%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $5,160,000 $2,580,000 $3,137 4.73%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 25 $4,745,000 $189,800 $2,012 4.59%
    Beaver Dam, WI (FHA|USDA|VA) 14 $3,590,000 $256,429 $2,019 4.37%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $2,975,000 $425,000 $2,646 4.33%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $1,295,000 $431,667 $2,072 4.17%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $9,735 3.88%
    GREEN BAY, WI (FHA|USDA|VA) 2 $970,000 $485,000 $2,676 4.38%
    MADISON, WI (FHA|USDA|VA) 2 $670,000 $335,000 $1,771 3.38%
    FOND DU LAC, WI (FHA|USDA|VA) 3 $655,000 $218,333 $3,750 4.43%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $545,000 $545,000 $3,480 4.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $480,000 $240,000 $3,210 3.63%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $425,000 $425,000 $3,806 2.95%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $255,000 $255,000 $3,794 3.85%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,685 5.75%
    Marinette, WI-MI (FHA|USDA|VA) 1 $105,000 $105,000 $5,160 6.13%
    Waukesha State Bank's top markets include Milwaukee, Racine, Sheboygan, Whitewater, and Wisconsin Rapids among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (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: 70
    Empower Credit Union
    Similarity Rank: 81
    Farmers & Merchants State Bank
    Similarity Rank: 143
    Glacier Hills Credit Union
    Similarity Rank: 200
    Badger Bank
    Similarity Rank: 308
    VERVE, A CREDIT UNION
    Similarity Rank: 418
    The First National Bank and Trust Company
    Similarity Rank: 462
    Hometown Bank
    Similarity Rank: 544
    Community State Bank
    Similarity Rank: 630
    Horicon Bank
    Similarity Rank: 686

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 818 $316,790,000 $387,274 $2,166 4.27%
    HELOC 311 $28,685,000 $92,235 n/a 5.17%
    FHA 12 $3,240,000 $270,000 $8,094 5.06%
    VA 9 $3,145,000 $349,444 $6,788 4.63%

    For 2022, Waukesha State Bank's most frequently originated type of loan was Conventional, with 818 originations. Their 2nd most popular type was HELOC, with 311 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 430 $175,000,000 $406,977 $3,377 4.54%
    Refi 382 $140,000,000 $366,492 $1,226 4.02%
    Home Improvement 194 $15,550,000 $80,155 $226 5.15%
    Other 82 $6,150,000 $75,000 $719 5.59%
    Cash Out Refi 62 $15,160,000 $244,516 $2,628 4.15%

    For 2022, Waukesha State Bank's most frequently cited loan purpose was Home Purchase, with 430 originations. The 2nd most popular reason was Refi, with 382 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 646 $222,300,000 $344,118 $2,583 4.18%
    5 Year 391 $89,485,000 $228,862 $178 5.17%
    15 Year 45 $8,935,000 $198,556 $1,478 3.85%
    10 Year 33 $24,045,000 $728,636 $428 4.24%
    Other 16 $3,450,000 $215,625 $2,303 5.40%
    20 Year 11 $1,945,000 $176,818 $2,160 3.84%
    1 Year 7 $1,625,000 $232,143 $0 5.61%
    3 Year 1 $75,000 $75,000 $2,095 4.25%

    For 2022, Waukesha State Bank's most frequently cited loan duration was 30 Year, with 646 originations. The 2nd most popular length was 5 Year, with 391 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 705 $218,355,000 $309,723
    $1k-2k 36 $10,240,000 $284,444
    $2k-3k 14 $3,950,000 $282,143
    $3k-4k 13 $2,745,000 $211,154
    $5k+ 9 $3,165,000 $351,667
    $4k-5k 5 $1,465,000 $293,000

    Waukesha State Bank's average total fees were $2,583, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 705 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 411 $115,765,000 $281,667
    4-5% 288 $85,880,000 $298,194
    5-6% 186 $71,240,000 $383,011
    2.5-3% 110 $58,260,000 $529,636
    6-7% 87 $13,425,000 $154,310
    7-8% 38 $3,910,000 $102,895
    Over 8% 16 $960,000 $60,000
    <2.5% 14 $2,420,000 $172,857

    During 2022, Waukesha State Bank's average interest rate for loans was 4.18%, while their most frequently originated rate bucket for loans was 3-4%, with 411 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 374 $106,280,000 $284,171 $2,582 4.40%
    $100,000 or less 285 $15,685,000 $55,035 $846 5.17%
    $100k-200k 283 $40,605,000 $143,481 $2,270 4.47%
    $400k-600k 124 $59,950,000 $483,468 $2,700 3.97%
    $600k-1MM 56 $39,340,000 $702,500 $2,070 3.80%
    $1MM+ 28 $90,000,000 $3,214,286 $2,921 4.24%

    2022 saw Waukesha State Bank place emphasis on $200k-400k loans with 374 originations, totaling $106,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 295 $69,085,000 $234,186 $2,255 4.62%
    $150k-250k 233 $65,395,000 $280,665 $2,250 4.48%
    $50k-75k 172 $28,910,000 $168,081 $2,300 4.53%
    $75k-100k 152 $32,310,000 $212,566 $2,713 4.43%
    $250k+ 138 $58,820,000 $426,232 $2,493 4.34%
    $50k or less 69 $8,185,000 $118,623 $1,977 4.36%

    Waukesha State Bank lent most frequently to those with incomes in the $100k-150k range, with 295 originations. The second most popular income band? $150k-250k, with 233 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 299 $58,435,000 $195,435 $2,185 4.52%
    30-36% 239 $62,545,000 $261,695 $2,221 4.57%
    <20% 145 $29,175,000 $201,207 $1,570 4.31%
    39% 50 $11,490,000 $229,800 $2,113 5.07%
    38% 44 $12,930,000 $293,864 $2,584 4.56%
    36% 41 $10,655,000 $259,878 $2,402 4.77%
    37% 38 $8,220,000 $216,316 $2,178 4.59%
    40% 34 $11,170,000 $328,529 $2,694 4.01%
    41% 30 $7,410,000 $247,000 $2,010 4.24%
    45% 28 $8,640,000 $308,571 $2,383 4.32%
    43% 26 $9,130,000 $351,154 $2,718 4.08%
    44% 25 $7,385,000 $295,400 $3,045 4.29%
    42% 24 $7,700,000 $320,833 $2,792 4.66%
    47% 22 $7,370,000 $335,000 $2,439 4.11%
    48% 20 $7,090,000 $354,500 $2,754 4.37%
    46% 15 $5,325,000 $355,000 $3,278 4.65%
    49% 10 $3,530,000 $353,000 $3,001 4.62%
    50-60% 2 $660,000 $330,000 $9,332 5.06%
    >60% 1 $225,000 $225,000 $1,381 4.50%

    Waukesha State Bank lent most frequently to those with DTI ratios of 20-30%, with 299 originations. The next most common DTI ratio? 30-36%, with 239 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 997 $243,395,000 $244,127 $2,285 4.49%
    Not applicable 57 $82,775,000 $1,452,193 $130 5.15%
    Not provided 47 $12,145,000 $258,404 $2,312 4.56%
    Asian 31 $7,695,000 $248,226 $3,108 4.76%
    Black 9 $3,555,000 $395,000 $2,233 4.10%
    American Indian 7 $1,405,000 $200,714 $2,054 3.87%
    Filipino 1 $465,000 $465,000 $2,053 3.38%
    Asian Indian 1 $425,000 $425,000 $3,382 4.00%

    Approval Rates

    Total approvals of all applications
    92.15%

    Waukesha State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.87%

    Waukesha State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,150 $351,860,000 $305,965

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,150 $351,860,000 $305,965

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 162 $22,460,000 $138,642 $1,272 4.50%
    40-60% 125 $34,255,000 $274,040 $1,684 4.02%
    60-80% 266 $103,970,000 $390,865 $2,550 4.27%
    80-100% 344 $176,010,000 $511,657 $2,868 4.40%
    Over 100% 1 $415,000 $415,000 $11,934 2.88%
    Under 20% 252 $14,750,000 $58,532 $356 5.25%