Badger Bank Mortgage Rates, Fees & Info
Fort Atkinson, WILEI: 5493003Q218ZJ8R1WN88
Tax ID: 39-0210180
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Badger Bank is a smaller bank specializing in Home Purchase and Refi loans. Badger Bank has a high proportion of conventional loans. Their top markets by origination volume include: Watertown, Whitewater, Madison, Beaver Dam, and Janesville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Badger 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.
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Originations
56Origination Dollar Volume (All Markets)
$10,300,000Top 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 |
|---|---|---|---|---|---|
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 35 | $5,505,000 | $157,286 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,050,000 | $262,500 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 7 | $1,035,000 | $147,857 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Badger Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 204
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Similarity Rank: 950
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 56 | $10,300,000 | $183,929 | $0 | 0.00% |
For 2024, Badger Bank's most frequently originated type of loan was Conventional, with 56 originations.
Loan Reason
For 2024, Badger Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 56 | $10,300,000 | $183,929 | $0 | 0.00% |
For 2024, Badger Bank's most frequently cited loan duration was Other, with 56 originations.
Loan Sizing
2024 saw Badger Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,220,000 in origination value.
Applicant Income
Badger Bank lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 56 | $10,300,000 | $183,929 | $0 | 0.00% |
Badger Bank lent most frequently to those with DTI ratios of Exempt%, with 56 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.28%
Badger Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination98.21%
Badger Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 56 | $10,300,000 | $183,929 |