Sheboygan Area Credit Union Mortgage Rates, Fees & Info
Sheboygan, WILEI: 5493009Z0ERY6GJGT886
Tax ID: 39-0931439
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
40Origination Dollar Volume (All Markets)
$2,500,000Top 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% |
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
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
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
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 applications89.83%
Sheboygan Area Credit Union has an average approval rate.
Pick Rate
Approvals leading to origination87.50%
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 |