Sheboygan Area Credit Union Mortgage Rates, Fees & Info

Sheboygan, WI

LEI: 5493009Z0ERY6GJGT886

Tax ID: 39-0931439

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

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Mortgage Data

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

    Sheboygan Area Credit Union is a smaller credit union specializing in Cash Out Refi, Home Improvement, and Refi loans. Sheboygan Area Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Racine, Oshkosh, and Marinette among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sheboygan Area Credit Union has an 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.

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    Originations

    38

    Origination Dollar Volume (All Markets)

    $2,260,000

    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
    SHEBOYGAN, WI (FHA|USDA|VA) 35 $2,125,000 $60,714 $0 0.00%
    RACINE, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Marinette, WI-MI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Sheboygan Area Credit Union's top markets include Sheboygan, Racine, Oshkosh, and Marinette among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 38 $2,260,000 $59,474 $0 0.00%

    For 2018, Sheboygan Area Credit Union's most frequently originated type of loan was Conventional, with 38 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 16 $860,000 $53,750 $0 0.00%
    Home Improvement 11 $495,000 $45,000 $0 0.00%
    Refi 6 $550,000 $91,667 $0 0.00%
    Home Purchase 5 $355,000 $71,000 $0 0.00%

    For 2018, Sheboygan Area Credit Union's most frequently cited loan purpose was Cash Out Refi, with 16 originations. The 2nd most popular reason was Home Improvement, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 38 $2,260,000 $59,474 $0 0.00%

    For 2018, Sheboygan Area Credit Union's most frequently cited loan duration was Other, with 38 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 34 $1,590,000 $46,765 $0 0.00%
    $100k-200k 3 $355,000 $118,333 $0 0.00%
    $200k-400k 1 $315,000 $315,000 $0 0.00%

    2018 saw Sheboygan Area Credit Union place emphasis on $100,000 or less loans with 34 originations, totaling $1,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $680,000 $56,667 $0 0.00%
    $50k or less 9 $395,000 $43,889 $0 0.00%
    $75k-100k 8 $490,000 $61,250 $0 0.00%
    $100k-150k 5 $305,000 $61,000 $0 0.00%
    $150k-250k 4 $390,000 $97,500 $0 0.00%

    Sheboygan Area Credit Union lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 38 $2,260,000 $59,474 $0 0.00%

    Sheboygan Area Credit Union lent most frequently to those with DTI ratios of Exempt%, with 38 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $2,245,000 $60,676 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.78%

    Sheboygan Area Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.37%

    Sheboygan Area Credit Union 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 38 $2,260,000 $59,474

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 38 $2,260,000 $59,474