Sheboygan Area Credit Union Mortgage Rates, Fees & Info

Sheboygan, WI

LEI: 5493009Z0ERY6GJGT886

Tax ID: 39-0931439

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Mortgage Data

Review & Overview

Sheboygan Area Credit Union is a smaller credit union specializing in Refi and Cash Out Refi loans. Sheboygan Area Credit Union has a high proportion of conventional loans. Their top (well, only) market is Sheboygan.

Sheboygan Area Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

40

Origination Dollar Volume (All Markets)

$2,500,000

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) 40 $2,500,000 $62,500 $0 0.00%
Sheboygan Area Credit Union's top markets include and Sheboygan among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $2,500,000 $62,500 $0 0.00%

    For 2019, Sheboygan Area Credit Union's most frequently originated type of loan was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 15 $845,000 $56,333 $0 0.00%
    Cash Out Refi 11 $755,000 $68,636 $0 0.00%
    Home Improvement 8 $390,000 $48,750 $0 0.00%
    Home Purchase 5 $485,000 $97,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Sheboygan Area Credit Union's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $2,500,000 $62,500 $0 0.00%

    For 2019, Sheboygan Area Credit Union's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $1,750,000 $48,611 $0 0.00%
    $100k-200k 3 $485,000 $161,667 $0 0.00%
    $200k-400k 1 $265,000 $265,000 $0 0.00%

    2019 saw Sheboygan Area Credit Union place emphasis on $100,000 or less loans with 36 originations, totaling $1,750,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $695,000 $53,462 $0 0.00%
    $50k or less 10 $460,000 $46,000 $0 0.00%
    $75k-100k 9 $775,000 $86,111 $0 0.00%
    $100k-150k 7 $305,000 $43,571 $0 0.00%

    Sheboygan Area Credit Union lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $50k or less, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $2,500,000 $62,500 $0 0.00%

    Sheboygan Area Credit Union lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $2,380,000 $62,632 $0 0.00%
    American Indian 2 $120,000 $60,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.83%

    Sheboygan Area Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.50%

    Sheboygan Area Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $2,500,000 $62,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 40 $2,500,000 $62,500