The Port Washington State Bank Mortgage Rates, Fees & Info

Port Washington, WI

LEI: 549300BPOIHOHG3TPP54

Tax ID: 39-0545620

Latest/2024 | 2023 Data | 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
  • Similar Lenders
  • 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

    The Port Washington State Bank is a smaller bank specializing in Home Purchase loans. The Port Washington State Bank has a high proportion of conventional loans. The Port Washington State Bank has an average proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Sheboygan, Racine, Beaver Dam, and Green Bay among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Port Washington State Bank 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. The Port Washington State Bank 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 about average 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.

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    Originations

    436

    Origination Dollar Volume (All Markets)

    $84,430,000

    Awards

    The Port Washington State Bank 30 Year Conventional Loans silver
    Show all (1) awards

    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) 376 $71,850,000 $191,090 $2,490 6.81%
    SHEBOYGAN, WI (FHA|USDA|VA) 34 $6,460,000 $190,000 $2,450 6.79%
    Outside of Metro Areas 9 $1,915,000 $212,778 $2,699 6.68%
    RACINE, WI (FHA|USDA|VA) 2 $1,090,000 $545,000 $2,101 6.85%
    Beaver Dam, WI (FHA|USDA|VA) 3 $675,000 $225,000 $3,505 6.88%
    GREEN BAY, WI (FHA|USDA|VA) 2 $670,000 $335,000 $6,052 6.38%
    FOND DU LAC, WI (FHA|USDA|VA) 3 $565,000 $188,333 $2,770 6.04%
    Whitewater, WI (FHA|USDA|VA) 1 $345,000 $345,000 $7,483 6.63%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,880 6.00%
    MADISON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $3,257 6.63%
    Marinette, WI-MI (FHA|USDA|VA) 2 $200,000 $100,000 $1,957 6.50%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.88%
    APPLETON, WI (FHA|USDA|VA) 1 $15,000 $15,000 $603 8.00%
    The Port Washington State Bank's top markets include Milwaukee, Sheboygan, Racine, Beaver Dam, and Green Bay among others.

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

    • Similar Lenders

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

    UNITEDONE Credit Union
    Similarity Rank: 18
    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    Citizens Bank
    Similarity Rank: 192
    Empower Credit Union
    Similarity Rank: 203
    National Exchange Bank and Trust
    Similarity Rank: 252
    PyraMax Bank, FSB
    Similarity Rank: 270
    EDUCATORS CREDIT UNION
    Similarity Rank: 300
    Westbury Bank
    Similarity Rank: 330
    Tri City National Bank
    Similarity Rank: 403

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 281 $67,095,000 $238,772 $2,538 6.79%
    Conventional 155 $17,335,000 $111,839 $0 0.00%

    For 2023, The Port Washington State Bank's most frequently originated type of loan was Conventional, with 281 originations. Their 2nd most popular type was Conventional, with 155 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 200 $56,690,000 $283,450 $3,208 6.76%
    Home Improvement 102 $7,610,000 $74,608 $506 7.29%
    Refi 66 $13,510,000 $204,697 $1,559 6.65%
    Other 57 $5,165,000 $90,614 $499 7.33%
    Cash Out Refi 11 $1,455,000 $132,273 $2,336 6.18%

    For 2023, The Port Washington State Bank's most frequently cited loan purpose was Home Purchase, with 200 originations. The 2nd most popular reason was Home Improvement, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 195 $24,255,000 $124,385 $1,267 7.24%
    30 Year 150 $41,580,000 $277,200 $3,221 6.72%
    5 Year 25 $6,855,000 $274,200 $435 6.86%
    15 Year 24 $4,100,000 $170,833 $1,716 6.03%
    10 Year 15 $1,355,000 $90,333 $1,200 7.05%
    3 Year 13 $3,345,000 $257,308 $0 6.75%
    20 Year 8 $1,820,000 $227,500 $2,790 6.44%
    1 Year 6 $1,120,000 $186,667 $0 8.42%

    For 2023, The Port Washington State Bank's most frequently cited loan duration was Other, with 195 originations. The 2nd most popular length was 30 Year, with 150 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 153 $29,145,000 $190,490
    $1k-2k 30 $7,380,000 $246,000
    $2k-3k 16 $4,880,000 $305,000
    $3k-4k 10 $3,550,000 $355,000
    $5k+ 7 $3,645,000 $520,714
    $4k-5k 6 $1,920,000 $320,000

    The Port Washington State Bank's average total fees were $3,221, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 153 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 132 $36,900,000 $279,545
    7-8% 91 $17,595,000 $193,352
    5-6% 47 $10,645,000 $226,489
    Over 8% 9 $1,655,000 $183,889
    4-5% 2 $300,000 $150,000

    During 2023, The Port Washington State Bank's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 172 $8,960,000 $52,093 $857 6.98%
    $200k-400k 113 $30,935,000 $273,761 $3,458 6.66%
    $100k-200k 104 $14,840,000 $142,692 $2,222 6.83%
    $400k-600k 31 $13,965,000 $450,484 $3,688 6.80%
    $600k-1MM 12 $8,410,000 $700,833 $3,888 6.63%
    $1MM+ 4 $7,320,000 $1,830,000 $0 6.50%

    2023 saw The Port Washington State Bank place emphasis on $100,000 or less loans with 172 originations, totaling $8,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 97 $15,625,000 $161,082 $2,666 6.80%
    $150k-250k 88 $17,520,000 $199,091 $3,455 6.81%
    $50k-75k 69 $7,055,000 $102,246 $1,677 6.70%
    $75k-100k 68 $8,990,000 $132,206 $1,990 6.68%
    $250k+ 44 $19,030,000 $432,500 $3,328 6.73%
    $50k or less 22 $2,110,000 $95,909 $1,660 6.85%

    The Port Washington State Bank lent most frequently to those with incomes in the $100k-150k range, with 97 originations. The second most popular income band? $150k-250k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 155 $17,335,000 $111,839 $0 0.00%
    20-30% 63 $14,305,000 $227,063 $2,770 6.63%
    30-36% 46 $10,180,000 $221,304 $2,384 6.58%
    <20% 29 $5,535,000 $190,862 $2,847 6.66%
    49% 12 $3,440,000 $286,667 $2,126 6.89%
    42% 10 $990,000 $99,000 $1,223 7.15%
    39% 10 $3,040,000 $304,000 $2,348 7.18%
    37% 8 $1,720,000 $215,000 $2,339 6.77%
    43% 8 $1,660,000 $207,500 $3,225 6.98%
    36% 8 $1,660,000 $207,500 $2,302 6.74%
    41% 7 $1,655,000 $236,429 $1,774 7.14%
    44% 7 $1,145,000 $163,571 $2,090 6.91%
    46% 6 $1,000,000 $166,667 $2,179 6.38%
    47% 6 $1,940,000 $323,333 $4,336 6.68%
    38% 6 $1,510,000 $251,667 $3,875 6.81%
    50-60% 4 $780,000 $195,000 $1,313 6.61%
    48% 4 $720,000 $180,000 $2,627 6.53%
    40% 3 $275,000 $91,667 $560 6.92%
    >60% 3 $1,455,000 $485,000 $2,232 7.38%
    45% 2 $550,000 $275,000 $0 8.38%

    The Port Washington State Bank lent most frequently to those with DTI ratios of Exempt%, with 155 originations. The next most common DTI ratio? 20-30%, with 63 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 348 $60,650,000 $174,282 $2,553 6.72%
    Not applicable 39 $13,185,000 $338,077 $0 7.06%
    Not provided 31 $6,545,000 $211,129 $1,870 6.93%
    Black 7 $1,335,000 $190,714 $2,684 7.15%
    Asian 4 $1,110,000 $277,500 $5,648 7.38%
    American Indian 2 $800,000 $400,000 $4,610 6.19%
    Asian Indian 1 $425,000 $425,000 $0 0.00%
    Other Asian 4 $380,000 $95,000 $0 7.25%

    Approval Rates

    Total approvals of all applications
    88.45%

    The Port Washington State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.53%

    The Port Washington State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 155 $17,335,000 $111,839
    NA 281 $67,095,000 $238,772

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    436 $84,430,000 $193,647

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 34 $4,730,000 $139,118 $1,828 6.56%
    40-60% 49 $14,255,000 $290,918 $2,484 6.60%
    60-80% 86 $29,350,000 $341,279 $3,325 6.83%
    80-100% 66 $16,460,000 $249,394 $3,775 6.76%
    Under 20% 46 $2,300,000 $50,000 $577 7.15%