Bank Of Luxemburg Mortgage Rates, Fees & Info

Luxemburg, WI

LEI: 5493005JOVFFHEU5TF17

Tax ID: 39-0147840

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Bank Of Luxemburg is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Luxemburg has a high proportion of conventional loans. Their top markets by origination volume include: Green Bay, Shawano, Manitowoc, Marinette, and Appleton 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 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.

    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% 11/21/24
    30 Year Conventional Refi 7.05% 11/21/24
    30 Year Cash-out Refi 6.66% 11/21/24
    15 Year Conventional Purchase 6.12% 11/21/24
    15 Year Conventional Refi 6.52% 11/21/24
    15 Year Cash-out Refi 6.52% 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.

    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

    322

    Origination Dollar Volume (All Markets)

    $87,250,000

    Awards

    Bank of Luxemburg 30 Year Conventional Loans bronze Bank of Luxemburg 30 Year Conventional Loans silver Bank of Luxemburg 30 Year Conventional Loans silver
    Show all (3) 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
    GREEN BAY, WI (FHA|USDA|VA) 221 $67,255,000 $304,321 $2,352 5.04%
    Outside of Metro Areas 68 $13,620,000 $200,294 $2,394 4.48%
    Shawano, WI (FHA|USDA|VA) 9 $2,255,000 $250,556 $2,239 5.62%
    Manitowoc, WI (FHA|USDA|VA) 8 $1,210,000 $151,250 $2,321 5.20%
    Marinette, WI-MI (FHA|USDA|VA) 6 $1,210,000 $201,667 $2,986 4.68%
    APPLETON, WI (FHA|USDA|VA) 5 $1,055,000 $211,000 $5,733 5.14%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $295,000 $98,333 $0 5.56%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,736 3.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,592 2.88%
    Bank Of Luxemburg's top markets include Green Bay, Shawano, Manitowoc, Marinette, and Appleton 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
    Similarity Rank: 65
    FOX COMMUNITIES
    Similarity Rank: 189
    Denmark State Bank
    Similarity Rank: 198
    CAPITAL Credit Union
    Similarity Rank: 200
    VERVE, A CREDIT UNION
    Similarity Rank: 247
    Community First Credit Union
    Similarity Rank: 312
    Bank of Luxemburg
    Similarity Rank: 324
    The Stephenson National Bank and Trust
    Similarity Rank: 387
    North Shore Bank FSB
    Similarity Rank: 418
    Fortifi Bank
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 322 $87,250,000 $270,963 $2,435 4.93%

    For 2022, Bank Of Luxemburg's most frequently originated type of loan was Conventional, with 322 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 197 $58,065,000 $294,746 $2,779 5.07%
    Refi 79 $23,145,000 $292,975 $1,739 4.78%
    Cash Out Refi 19 $3,565,000 $187,632 $3,370 4.13%
    Other 14 $1,180,000 $84,286 $1,301 4.99%
    Home Improvement 13 $1,295,000 $99,615 $1,212 4.80%

    For 2022, Bank Of Luxemburg's most frequently cited loan purpose was Home Purchase, with 197 originations. The 2nd most popular reason was Refi, with 79 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 125 $31,585,000 $252,680 $2,863 4.64%
    Other 64 $26,100,000 $407,813 $0 5.54%
    10 Year 44 $17,300,000 $393,182 $1,427 4.55%
    20 Year 42 $6,560,000 $156,190 $1,983 5.42%
    15 Year 29 $4,305,000 $148,448 $2,011 3.98%
    5 Year 9 $155,000 $17,222 $432 6.46%
    1 Year 8 $1,230,000 $153,750 $1,256 5.48%
    3 Year 1 $15,000 $15,000 $0 8.13%

    For 2022, Bank Of Luxemburg's most frequently cited loan duration was 30 Year, with 125 originations. The 2nd most popular length was Other, with 64 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 156 $26,870,000 $172,244
    $1k-2k 25 $5,635,000 $225,400
    $2k-3k 15 $3,665,000 $244,333
    $5k+ 4 $1,630,000 $407,500
    $3k-4k 3 $1,105,000 $368,333
    $4k-5k 2 $680,000 $340,000

    Bank Of Luxemburg's average total fees were $2,863, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 156 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 103 $27,755,000 $269,466
    4-5% 91 $21,545,000 $236,758
    3-4% 65 $18,985,000 $292,077
    6-7% 36 $6,940,000 $192,778
    2.5-3% 11 $11,205,000 $1,018,636
    7-8% 10 $620,000 $62,000
    Over 8% 5 $105,000 $21,000
    <2.5% 1 $95,000 $95,000

    During 2022, Bank Of Luxemburg's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 5-6%, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 121 $17,745,000 $146,653 $2,281 5.05%
    $100,000 or less 92 $5,570,000 $60,543 $1,445 5.31%
    $200k-400k 76 $20,960,000 $275,789 $3,086 4.49%
    $400k-600k 19 $8,985,000 $472,895 $2,737 4.37%
    $1MM+ 11 $32,005,000 $2,909,545 $1,226 4.69%
    $600k-1MM 3 $1,985,000 $661,667 $7,651 4.08%

    2022 saw Bank Of Luxemburg place emphasis on $100k-200k loans with 121 originations, totaling $17,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 54 $13,220,000 $244,815 $2,456 4.58%
    $50k-75k 45 $5,815,000 $129,222 $2,283 4.74%
    $75k-100k 41 $8,105,000 $197,683 $2,605 4.63%
    $50k or less 36 $3,190,000 $88,611 $2,017 5.46%
    $150k-250k 31 $6,965,000 $224,677 $2,319 4.27%
    $250k+ 23 $6,795,000 $295,435 $3,110 4.88%

    Bank Of Luxemburg lent most frequently to those with incomes in the $100k-150k range, with 54 originations. The second most popular income band? $50k-75k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 58 $9,910,000 $170,862 $2,527 4.63%
    30-36% 43 $8,555,000 $198,953 $2,374 4.80%
    <20% 34 $6,890,000 $202,647 $2,157 4.49%
    43% 9 $1,475,000 $163,889 $2,760 4.67%
    39% 9 $1,575,000 $175,000 $2,030 5.03%
    38% 8 $1,780,000 $222,500 $3,232 5.33%
    40% 7 $935,000 $133,571 $2,671 5.02%
    42% 6 $870,000 $145,000 $2,029 4.10%
    36% 6 $820,000 $136,667 $2,176 4.52%
    37% 6 $1,050,000 $175,000 $2,212 4.10%
    46% 6 $2,010,000 $335,000 $3,682 4.02%
    45% 5 $1,195,000 $239,000 $2,203 4.50%
    41% 5 $645,000 $129,000 $2,025 4.73%
    44% 4 $1,310,000 $327,500 $2,762 3.94%
    47% 2 $670,000 $335,000 $2,926 5.00%
    48% 1 $115,000 $115,000 $2,336 4.50%
    49% 1 $85,000 $85,000 $2,885 5.00%
    50-60% 1 $445,000 $445,000 $1,256 4.38%

    Bank Of Luxemburg lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 89 $42,755,000 $480,393 $0 5.41%
    White 223 $42,385,000 $190,067 $2,407 4.77%
    Not provided 8 $1,590,000 $198,750 $2,796 4.03%
    American Indian 1 $385,000 $385,000 $4,450 5.38%
    Other Asian 1 $135,000 $135,000 $0 5.49%

    Approval Rates

    Total approvals of all applications
    93.99%

    Bank Of Luxemburg has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.51%

    Bank Of Luxemburg has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 322 $87,250,000 $270,963

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    322 $87,250,000 $270,963

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $4,135,000 $100,854 $1,583 4.29%
    40-60% 34 $6,440,000 $189,412 $2,196 4.60%
    60-80% 156 $55,170,000 $353,654 $3,007 5.02%
    80-100% 77 $20,875,000 $271,104 $2,746 5.25%
    Under 20% 14 $630,000 $45,000 $869 4.82%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    BANK OF AMERICA, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 7 46.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 6.7%