Bank Of Deerfield Mortgage Rates, Fees & Info

Deerfield, WI

LEI: 5493006ACVE4WEX8D790

Tax ID: 39-0147650

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Mortgage Data

Review & Overview

Bank Of Deerfield is a smaller bank specializing in Home Purchase loans. Bank Of Deerfield has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Watertown, Beaver Dam, and Baraboo among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Deerfield 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.

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 6.38% 10/7/24
30 Year Conventional Refi 6.16% 10/7/24
30 Year Cash-out Refi 6.51% 10/7/24
15 Year Conventional Purchase 6.05% 10/7/24
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 Deerfield Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bank Of Deerfield. 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

117

Origination Dollar Volume (All Markets)

$28,605,000

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
MADISON, WI (FHA|USDA|VA) 61 $17,175,000 $281,557 $0 0.00%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 22 $4,120,000 $187,273 $0 0.00%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 11 $2,885,000 $262,273 $0 0.00%
Outside of Metro Areas 7 $1,255,000 $179,286 $0 0.00%
Beaver Dam, WI (FHA|USDA|VA) 6 $1,200,000 $200,000 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 3 $695,000 $231,667 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Bank Of Deerfield's top markets include Madison, Janesville, Watertown, Beaver Dam, and Baraboo among others.

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

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

    PremierBank
    Similarity Rank: 143
    Starion Bank
    Similarity Rank: 147
    Bank of Sun Prairie
    Similarity Rank: 270
    Heartland Credit Union (Madison)
    Similarity Rank: 270
    Mound City Bank
    Similarity Rank: 286
    State Bank of Cross Plains
    Similarity Rank: 364
    The Park Bank
    Similarity Rank: 396
    Settlers Bank
    Similarity Rank: 490
    Oregon Community Bank
    Similarity Rank: 767

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 117 $28,605,000 $244,487 $0 0.00%

    For 2023, Bank Of Deerfield's most frequently originated type of loan was Conventional, with 117 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 91 $23,165,000 $254,560 $0 0.00%
    Refi 17 $4,395,000 $258,529 $0 0.00%
    Home Improvement 6 $770,000 $128,333 $0 0.00%
    Other 3 $275,000 $91,667 $0 0.00%

    For 2023, Bank Of Deerfield's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 117 $28,605,000 $244,487 $0 0.00%

    For 2023, Bank Of Deerfield's most frequently cited loan duration was Other, with 117 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 49 $14,195,000 $289,694 $0 0.00%
    $100k-200k 35 $4,995,000 $142,714 $0 0.00%
    $100,000 or less 16 $1,080,000 $67,500 $0 0.00%
    $400k-600k 15 $6,625,000 $441,667 $0 0.00%
    $1MM+ 1 $1,035,000 $1,035,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2023 saw Bank Of Deerfield place emphasis on $200k-400k loans with 49 originations, totaling $14,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 21 $6,335,000 $301,667 $0 0.00%
    $250k+ 17 $5,275,000 $310,294 $0 0.00%
    $150k-250k 10 $3,750,000 $375,000 $0 0.00%
    $75k-100k 9 $2,245,000 $249,444 $0 0.00%
    $50k-75k 8 $1,640,000 $205,000 $0 0.00%
    $50k or less 1 $675,000 $675,000 $0 0.00%

    Bank Of Deerfield lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $250k+, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 117 $28,605,000 $244,487 $0 0.00%

    Bank Of Deerfield lent most frequently to those with DTI ratios of Exempt%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $18,515,000 $303,525 $0 0.00%
    Not applicable 50 $8,610,000 $172,200 $0 0.00%
    Not provided 3 $805,000 $268,333 $0 0.00%
    Asian Indian 2 $470,000 $235,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.18%

    Bank Of Deerfield has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.31%

    Bank Of Deerfield has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 117 $28,605,000 $244,487

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    117 $28,605,000 $244,487