Mound City Bank Mortgage Rates, Fees & Info

Platteville, WI

LEI: 549300C70VBQUGXHPR07

Tax ID: 39-0487540

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Mound City Bank is a smaller bank specializing in Home Purchase and Refi loans. Mound City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Platteville, Dubuque, Green Bay, and Janesville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mound City Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Mound City 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.

    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 6.54% 10/13/24
    30 Year Conventional Refi 6.49% 10/13/24
    30 Year Cash-out Refi 6.60% 10/13/24
    15 Year Conventional Purchase 5.96% 10/13/24
    15 Year Conventional Refi 6.24% 10/13/24
    15 Year Cash-out Refi 6.24% 10/13/24
    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.

    Mound City Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Mound City Bank. 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

    247

    Origination Dollar Volume (All Markets)

    $68,335,000
    Show all (5) 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
    MADISON, WI (FHA|USDA|VA) 89 $38,705,000 $434,888 $1,813 4.43%
    Platteville, WI (FHA|USDA|VA) 80 $13,550,000 $169,375 $1,714 5.01%
    Outside of Metro Areas 59 $10,005,000 $169,576 $1,420 4.90%
    DUBUQUE, IA (FHA|USDA|VA) 4 $2,180,000 $545,000 $2,498 4.77%
    GREEN BAY, WI (FHA|USDA|VA) 1 $955,000 $955,000 $0 4.59%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 5 $875,000 $175,000 $0 4.41%
    IOWA CITY, IA (FHA|USDA|VA) 1 $485,000 $485,000 $2,126 5.79%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $380,000 $190,000 $2,528 4.52%
    Baraboo, WI (FHA|USDA|VA) 1 $355,000 $355,000 $2,579 4.99%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,332 5.04%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.75%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,687 3.50%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $145,000 $145,000 $2,899 2.63%
    APPLETON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $2,013 5.38%
    Mound City Bank's top markets include Madison, Platteville, Dubuque, Green Bay, and Janesville among others.

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

    • Similar Lenders

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

    Landmark Credit Union
    Similarity Rank: 156
    MidWestOne Bank
    Similarity Rank: 270
    Hometown Bank
    Similarity Rank: 323
    Farmers & Merchants State Bank
    Similarity Rank: 338
    Bank of Sun Prairie
    Similarity Rank: 390
    Bank of Deerfield
    Similarity Rank: 403
    State Bank of Cross Plains
    Similarity Rank: 414
    Starion Bank
    Similarity Rank: 418
    The Park Bank
    Similarity Rank: 484
    DMB Community Bank
    Similarity Rank: 559

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 247 $68,335,000 $276,660 $1,706 4.74%

    For 2022, Mound City Bank's most frequently originated type of loan was Conventional, with 247 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $33,480,000 $249,851 $2,039 4.96%
    Refi 65 $26,285,000 $404,385 $918 4.33%
    Cash Out Refi 40 $7,180,000 $179,500 $1,249 4.61%
    Home Improvement 5 $925,000 $185,000 $958 4.78%
    Other 3 $465,000 $155,000 $1,188 5.74%

    For 2022, Mound City Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $20,810,000 $241,977 $1,504 5.14%
    30 Year 82 $18,700,000 $228,049 $1,942 4.67%
    5 Year 50 $22,370,000 $447,400 $0 4.77%
    15 Year 17 $2,715,000 $159,706 $1,492 3.66%
    20 Year 7 $1,505,000 $215,000 $1,296 3.45%
    3 Year 3 $335,000 $111,667 $0 4.42%
    10 Year 2 $1,900,000 $950,000 $1,602 4.03%

    For 2022, Mound City Bank's most frequently cited loan duration was Other, with 86 originations. The 2nd most popular length was 30 Year, with 82 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 168 $37,630,000 $223,988

    Mound City Bank's average total fees were $1,942, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 168 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 79 $21,695,000 $274,620
    3-4% 75 $25,125,000 $335,000
    5-6% 53 $15,485,000 $292,170
    6-7% 24 $4,100,000 $170,833
    7-8% 9 $835,000 $92,778
    2.5-3% 7 $1,095,000 $156,429

    During 2022, Mound City Bank's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 102 $15,140,000 $148,431 $1,751 4.68%
    $200k-400k 58 $16,680,000 $287,586 $1,915 4.64%
    $100,000 or less 43 $2,765,000 $64,302 $974 5.33%
    $400k-600k 28 $13,770,000 $491,786 $2,277 4.64%
    $600k-1MM 10 $7,600,000 $760,000 $961 4.03%
    $1MM+ 6 $12,380,000 $2,063,333 $2,113 4.31%

    2022 saw Mound City Bank place emphasis on $100k-200k loans with 102 originations, totaling $15,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $9,545,000 $221,977 $1,681 4.76%
    $50k or less 39 $4,265,000 $109,359 $1,666 4.62%
    $50k-75k 34 $5,820,000 $171,176 $1,761 4.73%
    $75k-100k 33 $6,555,000 $198,636 $1,669 4.93%
    $250k+ 23 $9,545,000 $415,000 $1,727 4.62%
    $150k-250k 21 $6,125,000 $291,667 $1,779 5.20%

    Mound City Bank lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $50k or less, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $9,205,000 $195,851 $1,753 4.58%
    30-36% 36 $6,850,000 $190,278 $1,579 4.73%
    <20% 26 $6,840,000 $263,077 $1,631 4.60%
    40% 9 $1,965,000 $218,333 $1,916 5.03%
    37% 9 $2,635,000 $292,778 $1,163 4.59%
    38% 9 $1,665,000 $185,000 $1,737 4.73%
    42% 6 $1,260,000 $210,000 $1,780 4.54%
    36% 6 $730,000 $121,667 $1,398 5.61%
    41% 6 $1,250,000 $208,333 $2,234 4.41%
    43% 5 $805,000 $161,000 $1,685 5.67%
    39% 4 $1,040,000 $260,000 $1,989 4.62%
    46% 4 $1,460,000 $365,000 $1,988 5.20%
    50-60% 4 $1,570,000 $392,500 $2,111 6.20%
    >60% 4 $350,000 $87,500 $1,150 6.54%
    44% 3 $925,000 $308,333 $2,183 5.13%
    47% 2 $340,000 $170,000 $2,021 5.14%
    48% 2 $810,000 $405,000 $2,581 4.06%
    45% 2 $310,000 $155,000 $860 5.43%
    49% 1 $175,000 $175,000 $2,460 4.63%

    Mound City Bank lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? 30-36%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 189 $41,065,000 $217,275 $1,687 4.79%
    Not applicable 52 $25,090,000 $482,500 $0 4.62%
    Asian 2 $870,000 $435,000 $2,889 4.27%
    Black 2 $790,000 $395,000 $2,837 5.02%
    Not provided 1 $265,000 $265,000 $1,466 4.59%
    Chinese 1 $255,000 $255,000 $0 3.65%

    Approval Rates

    Total approvals of all applications
    98.20%

    Mound City Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.28%

    Mound City Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 247 $68,335,000 $276,660

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    247 $68,335,000 $276,660

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $2,365,000 $102,826 $1,042 5.30%
    40-60% 32 $11,050,000 $345,313 $1,450 4.31%
    60-80% 94 $28,530,000 $303,511 $1,555 4.49%
    80-100% 85 $22,785,000 $268,059 $2,097 4.88%
    Over 100% 3 $3,055,000 $1,018,333 $2,157 4.40%
    Under 20% 10 $550,000 $55,000 $452 6.12%