Bank Of Luxemburg Mortgage Rates, Fees & Info

Luxemburg, WI

LEI: 5493005JOVFFHEU5TF17

Tax ID: 39-0147840

5 stars - Updated: 12/6/24 - out of 5 stars, based on 14 reviews

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

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Mortgage Data

Review & Overview

Bank Of Luxemburg is a smaller bank specializing in Home Purchase loans. Bank Of Luxemburg has a high proportion of conventional loans. Their top markets by origination volume include: Green Bay, Madison, Marinette, Appleton, and Shawano among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Luxemburg 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. Bank Of Luxemburg 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.51% 12/6/24
30 Year Conventional Refi 7.05% 12/6/24
30 Year Cash-out Refi 6.66% 12/6/24
15 Year Conventional Purchase 6.12% 12/6/24
15 Year Conventional Refi 6.52% 12/6/24
15 Year Cash-out Refi 6.52% 12/6/24
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.

Bank Of Luxemburg Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bank Of Luxemburg. 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

188

Origination Dollar Volume (All Markets)

$37,960,000

Awards

Bank of Luxemburg 30 Year Conventional Loans silver Bank of Luxemburg 30 Year Conventional Loans silver Bank of Luxemburg 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Bank Of Luxemburg's average 30 year fixed mortgage rate was 6.68%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.2%.

Relative Fees (Closing Costs)

Bank Of Luxemburg's average total fees/closing costs for a 30 year fixed rate mortgage were $2,794.

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
GREEN BAY, WI (FHA|USDA|VA) 127 $25,675,000 $202,165 $2,358 7.21%
Outside of Metro Areas 43 $8,985,000 $208,953 $2,357 6.95%
MADISON, WI (FHA|USDA|VA) 1 $925,000 $925,000 $4,239 5.88%
Marinette, WI-MI (FHA|USDA|VA) 4 $680,000 $170,000 $1,436 7.17%
APPLETON, WI (FHA|USDA|VA) 3 $665,000 $221,667 $3,551 6.88%
Shawano, WI (FHA|USDA|VA) 5 $535,000 $107,000 $2,588 7.31%
Manitowoc, WI (FHA|USDA|VA) 3 $275,000 $91,667 $0 8.12%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.50%
FOND DU LAC, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.89%
Bank Of Luxemburg's top markets include Green Bay, Madison, Marinette, Appleton, and Shawano among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank of Luxemburg based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PCM
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 188 $37,960,000 $201,915 $2,380 7.16%

    For 2023, Bank Of Luxemburg's most frequently originated type of loan was Conventional, with 188 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 123 $30,375,000 $246,951 $2,891 7.13%
    Refi 37 $5,405,000 $146,081 $1,855 7.25%
    Home Improvement 16 $1,190,000 $74,375 $1,345 7.23%
    Other 11 $925,000 $84,091 $1,336 7.18%
    Cash Out Refi 1 $65,000 $65,000 $2,622 6.88%

    For 2023, Bank Of Luxemburg's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 85 $22,825,000 $268,529 $2,794 6.68%
    Other 50 $10,230,000 $204,600 $1,667 7.75%
    15 Year 18 $1,870,000 $103,889 $1,761 7.17%
    10 Year 18 $970,000 $53,889 $1,255 7.41%
    20 Year 11 $1,365,000 $124,091 $2,199 7.25%
    1 Year 4 $650,000 $162,500 $0 8.40%
    5 Year 2 $50,000 $25,000 $812 7.75%

    For 2023, Bank Of Luxemburg's most frequently cited loan duration was 30 Year, with 85 originations. The 2nd most popular length was Other, with 50 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 72 $13,670,000 $189,861
    $1k-2k 49 $10,965,000 $223,776
    $2k-3k 4 $960,000 $240,000
    $3k-4k 2 $540,000 $270,000
    $4k-5k 2 $550,000 $275,000

    Bank Of Luxemburg's average total fees were $2,794, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 76 $15,440,000 $203,158
    6-7% 53 $11,095,000 $209,340
    Over 8% 33 $3,625,000 $109,848
    5-6% 26 $7,800,000 $300,000

    During 2023, Bank Of Luxemburg's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 7-8%, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,375,000 $139,925 $2,551 7.36%
    $200k-400k 59 $16,055,000 $272,119 $2,992 6.83%
    $100,000 or less 46 $2,820,000 $61,304 $1,434 7.46%
    $400k-600k 10 $4,860,000 $486,000 $2,107 6.84%
    $600k-1MM 6 $4,850,000 $808,333 $2,813 6.44%

    2023 saw Bank Of Luxemburg place emphasis on $100k-200k loans with 67 originations, totaling $9,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $5,300,000 $147,222 $2,330 7.15%
    $50k-75k 30 $4,770,000 $159,000 $2,446 6.96%
    $150k-250k 28 $6,370,000 $227,500 $2,622 7.18%
    $75k-100k 18 $3,930,000 $218,333 $2,571 6.77%
    $50k or less 14 $1,270,000 $90,714 $1,848 6.66%
    $250k+ 11 $6,155,000 $559,545 $2,423 6.26%

    Bank Of Luxemburg lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 35 $8,245,000 $235,571 $2,590 7.00%
    20-30% 31 $6,435,000 $207,581 $2,289 6.81%
    36% 9 $1,395,000 $155,000 $2,380 6.72%
    37% 8 $1,840,000 $230,000 $2,097 6.81%
    44% 7 $1,365,000 $195,000 $2,386 6.95%
    42% 6 $1,040,000 $173,333 $1,965 7.54%
    38% 6 $1,050,000 $175,000 $2,275 6.60%
    <20% 6 $780,000 $130,000 $2,454 6.90%
    43% 5 $1,195,000 $239,000 $2,567 6.80%
    39% 5 $985,000 $197,000 $2,219 6.88%
    41% 3 $495,000 $165,000 $2,715 7.00%
    40% 2 $550,000 $275,000 $2,623 5.75%
    47% 2 $600,000 $300,000 $2,904 6.13%
    46% 1 $55,000 $55,000 $740 6.88%
    48% 1 $285,000 $285,000 $1,667 7.38%
    50-60% 1 $245,000 $245,000 $2,915 6.38%
    >60% 1 $125,000 $125,000 $1,777 6.13%

    Bank Of Luxemburg lent most frequently to those with DTI ratios of 30-36%, with 35 originations. The next most common DTI ratio? 20-30%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $28,470,000 $209,338 $2,381 6.95%
    Not applicable 47 $8,765,000 $186,489 $0 7.82%
    Not provided 2 $310,000 $155,000 $2,173 6.75%
    Other Pacific Islander 1 $235,000 $235,000 $2,670 6.25%
    Black 2 $180,000 $90,000 $0 7.38%

    Approval Rates

    Total approvals of all applications
    92.11%

    Bank Of Luxemburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.30%

    Bank Of Luxemburg has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 188 $37,960,000 $201,915

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    188 $37,960,000 $201,915

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $3,470,000 $144,583 $2,014 7.03%
    40-60% 29 $5,925,000 $204,310 $2,192 6.83%
    60-80% 69 $14,545,000 $210,797 $2,854 7.31%
    80-100% 43 $12,585,000 $292,674 $3,296 7.14%
    Under 20% 23 $1,435,000 $62,391 $1,051 7.33%