Pyramax Bank Fsb Mortgage Rates, Fees & Info

Greenfield, WI

LEI: 549300A81K8K8KJR9759

Tax ID: 39-0624390

5 stars - Updated: 3/28/24 - out of 5 stars, based on 10 reviews

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

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Mortgage Data

Review & Overview

Pyramax Bank Fsb is a smaller bank specializing in Home Purchase loans. Pyramax Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Chicago, Whitewater, and Phoenix among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pyramax Bank Fsb 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. Pyramax Bank Fsb 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 relatively high 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 6.37% 3/28/24
30 Year Conventional Refi 6.35% 3/28/24
30 Year Cash-out Refi 6.41% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 5.91% 3/28/24
15 Year Conventional Refi 6.09% 3/28/24
15 Year Cash-out Refi 6.09% 3/28/24
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.

Pyramax Bank Fsb Mortgage Calculator






Your Estimates

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

This is not an official calculator from Pyramax Bank Fsb. 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

108

Origination Dollar Volume (All Markets)

$29,110,000

Awards

PyraMax Bank FSB 30 Year Conventional Loans gold PyraMax Bank FSB 30 Year Conventional Loans gold PyraMax Bank FSB 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Pyramax Bank Fsb's average 30 year fixed mortgage rate was 6.56%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

Pyramax Bank Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $2,109.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 92 $24,480,000 $266,087 $1,931 6.57%
RACINE, WI (FHA|USDA|VA) 6 $1,540,000 $256,667 $2,767 6.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,130,000 $565,000 $4,054 6.63%
Whitewater, WI (FHA|USDA|VA) 2 $560,000 $280,000 $1,820 6.38%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $3,936 6.63%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $275,000 $275,000 $3,102 7.25%
OCALA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,968 6.75%
MADISON, WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 8.00%
Snyder, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,135 6.25%
FOND DU LAC, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,912 6.88%
Pyramax Bank Fsb's top markets include Milwaukee, Racine, Chicago, Whitewater, and Phoenix among others.

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

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

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    National Exchange Bank and Trust
    Similarity Rank: 112
    Empower Credit Union
    Similarity Rank: 203
    PyraMax Bank, FSB
    Similarity Rank: 270
    Citizens Bank
    Similarity Rank: 296
    The Greenwood's State Bank
    Similarity Rank: 312
    Westbury Bank
    Similarity Rank: 330
    GATEWAY MORTGAGE CORPORATION
    Similarity Rank: 410

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $29,110,000 $269,537 $2,080 6.61%

    For 2023, Pyramax Bank Fsb's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 94 $27,020,000 $287,447 $2,139 6.56%
    Refi 9 $1,595,000 $177,222 $1,746 6.54%
    Cash Out Refi 3 $415,000 $138,333 $1,747 6.57%
    Home Improvement 1 $25,000 $25,000 $275 8.50%
    Other 1 $55,000 $55,000 $0 9.75%

    For 2023, Pyramax Bank Fsb's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 101 $28,405,000 $281,238 $2,109 6.56%
    10 Year 2 $80,000 $40,000 $275 9.13%
    20 Year 2 $180,000 $90,000 $1,632 6.13%
    15 Year 1 $65,000 $65,000 $1,844 6.75%
    3 Year 1 $215,000 $215,000 $0 6.89%
    5 Year 1 $165,000 $165,000 $0 6.59%

    For 2023, Pyramax Bank Fsb's most frequently cited loan duration was 30 Year, with 101 originations. The 2nd most popular length was 10 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 88 $23,250,000 $264,205
    $1k-2k 12 $4,470,000 $372,500
    $2k-3k 3 $465,000 $155,000
    $3k-4k 1 $295,000 $295,000

    Pyramax Bank Fsb's average total fees were $2,109, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 88 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 49 $12,315,000 $251,327
    5-6% 32 $10,670,000 $333,438
    7-8% 25 $6,045,000 $241,800
    Over 8% 2 $80,000 $40,000

    During 2023, Pyramax Bank Fsb's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 6-7%, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $14,630,000 $270,926 $2,044 6.59%
    $100k-200k 26 $3,880,000 $149,231 $2,039 6.68%
    $400k-600k 16 $7,570,000 $473,125 $2,121 6.23%
    $100,000 or less 9 $655,000 $72,778 $1,737 7.21%
    $600k-1MM 2 $1,330,000 $665,000 $3,927 6.38%
    $1MM+ 1 $1,045,000 $1,045,000 $3,333 6.88%

    2023 saw Pyramax Bank Fsb place emphasis on $200k-400k loans with 54 originations, totaling $14,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $7,065,000 $261,667 $2,153 6.68%
    $150k-250k 25 $9,205,000 $368,200 $2,239 6.51%
    $50k-75k 22 $3,920,000 $178,182 $1,836 6.64%
    $75k-100k 16 $4,020,000 $251,250 $1,883 6.66%
    $50k or less 11 $2,035,000 $185,000 $2,037 6.52%
    $250k+ 5 $2,485,000 $497,000 $2,768 6.53%

    Pyramax Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $150k-250k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $4,510,000 $250,556 $2,040 6.63%
    30-36% 17 $4,235,000 $249,118 $1,958 6.44%
    <20% 7 $1,715,000 $245,000 $1,757 6.59%
    41% 7 $1,965,000 $280,714 $2,486 6.63%
    42% 7 $2,075,000 $296,429 $2,134 6.50%
    45% 6 $1,360,000 $226,667 $2,265 6.31%
    37% 6 $1,860,000 $310,000 $1,834 6.92%
    44% 5 $1,075,000 $215,000 $2,142 7.08%
    38% 5 $1,595,000 $319,000 $1,937 6.78%
    36% 5 $1,355,000 $271,000 $2,682 6.73%
    49% 4 $810,000 $202,500 $1,758 6.81%
    48% 4 $1,470,000 $367,500 $1,730 6.84%
    46% 3 $465,000 $155,000 $2,018 6.46%
    47% 3 $725,000 $241,667 $2,122 6.88%
    43% 3 $1,045,000 $348,333 $2,865 6.46%
    40% 3 $1,115,000 $371,667 $1,912 6.00%
    50-60% 2 $1,100,000 $550,000 $2,465 6.25%
    39% 1 $255,000 $255,000 $1,871 6.50%

    Pyramax Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $23,265,000 $267,414 $2,088 6.64%
    Asian 7 $2,355,000 $336,429 $2,276 6.27%
    Not provided 6 $2,340,000 $390,000 $1,947 6.90%
    Black 5 $685,000 $137,000 $1,955 6.25%
    Not applicable 2 $380,000 $190,000 $0 6.74%
    American Indian 1 $85,000 $85,000 $1,637 6.25%

    Approval Rates

    Total approvals of all applications
    94.19%

    Pyramax Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.48%

    Pyramax Bank Fsb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 108 $29,110,000 $269,537

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $29,110,000 $269,537

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $690,000 $115,000 $1,724 6.69%
    40-60% 13 $2,445,000 $188,077 $1,986 6.60%
    60-80% 42 $10,860,000 $258,571 $2,122 6.65%
    80-100% 45 $15,025,000 $333,889 $2,155 6.51%
    Under 20% 2 $90,000 $45,000 $1,060 7.63%