Dane County Credit Union Mortgage Rates, Fees & Info

Madison, WI

LEI: 549300DV8URIHEH3DE77

Tax ID: 39-6047472

Latest/2023 | 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

    Dane County Credit Union is a smaller credit union specializing in Home Improvement, Other, and Refi loans. Dane County Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Watertown, Baraboo, and Beaver Dam among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Dane County 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. Dane County Credit Union 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

    369

    Origination Dollar Volume (All Markets)

    $26,645,000

    Awards

    Dane County Credit Union 30 Year Conventional Loans gold Dane County Credit Union 30 Year Conventional Loans gold
    Show all (2) 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) 313 $23,025,000 $73,562 $298 3.68%
    Outside of Metro Areas 23 $1,355,000 $58,913 $533 3.67%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 15 $965,000 $64,333 $638 4.08%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 7 $555,000 $79,286 $471 3.25%
    Baraboo, WI (FHA|USDA|VA) 6 $300,000 $50,000 $162 2.41%
    Beaver Dam, WI (FHA|USDA|VA) 1 $265,000 $265,000 $999 3.75%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $19 1.49%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $55,000 $55,000 $244 4.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $40,000 $20,000 $194 3.49%
    Dane County Credit Union's top markets include Madison, Janesville, Watertown, Baraboo, and Beaver Dam among others.

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

    • Similar Lenders

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

    First Community Credit Union
    Similarity Rank: 290
    Dane County Credit Union
    Similarity Rank: 315
    Heartland Credit Union (Madison)
    Similarity Rank: 384
    The Park Bank
    Similarity Rank: 425
    State Bank of Cross Plains
    Similarity Rank: 481
    Blackhawk Community Credit Union
    Similarity Rank: 493
    The First National Bank and Trust Company
    Similarity Rank: 504
    Landmark Credit Union
    Similarity Rank: 598
    Royal Bank
    Similarity Rank: 644
    A + MORTGAGE SERVICES, INC.
    Similarity Rank: 672

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 338 $24,820,000 $73,432 $327 3.74%
    HELOC 31 $1,825,000 $58,871 n/a 2.81%

    For 2019, Dane County Credit Union's most frequently originated type of loan was Conventional, with 338 originations. Their 2nd most popular type was HELOC, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 153 $7,995,000 $52,255 $171 3.55%
    Other 89 $6,255,000 $70,281 $314 3.71%
    Refi 82 $6,950,000 $84,756 $403 3.68%
    Home Purchase 27 $4,075,000 $150,926 $746 3.99%
    Cash Out Refi 18 $1,370,000 $76,111 $310 3.79%

    For 2019, Dane County Credit Union's most frequently cited loan purpose was Home Improvement, with 153 originations. The 2nd most popular reason was Other, with 89 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 285 $17,545,000 $61,561 $212 3.54%
    Other 33 $1,555,000 $47,121 $209 4.16%
    30 Year 22 $4,860,000 $220,909 $1,249 4.14%
    15 Year 15 $1,595,000 $106,333 $417 4.21%
    5 Year 6 $290,000 $48,333 $155 3.20%
    20 Year 3 $215,000 $71,667 $285 5.83%
    30+ year 2 $500,000 $250,000 $2,068 2.87%
    3 Year 2 $30,000 $15,000 $259 2.62%
    1 Year 1 $55,000 $55,000 $0 1.49%

    For 2019, Dane County Credit Union's most frequently cited loan duration was 10 Year, with 285 originations. The 2nd most popular length was Other, with 33 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 12 $2,040,000 $170,000
    $1k-2k 3 $705,000 $235,000

    Dane County Credit Union's average total fees were $1,249, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 12 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 131 $8,165,000 $62,328
    3-4% 91 $8,435,000 $92,692
    4-5% 75 $6,385,000 $85,133
    5-6% 37 $2,045,000 $55,270
    6-7% 26 $1,260,000 $48,462
    7-8% 5 $115,000 $23,000
    2.5-3% 2 $160,000 $80,000
    Over 8% 2 $80,000 $40,000

    During 2019, Dane County Credit Union's average interest rate for loans was 4.14%, while their most frequently originated rate bucket for loans was <2.5%, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 283 $12,555,000 $44,364 $214 3.72%
    $100k-200k 66 $8,630,000 $130,758 $457 3.31%
    $200k-400k 19 $5,055,000 $266,053 $1,016 3.99%
    $400k-600k 1 $405,000 $405,000 $2,068 4.25%

    2019 saw Dane County Credit Union place emphasis on $100,000 or less loans with 283 originations, totaling $12,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 98 $7,390,000 $75,408 $332 3.61%
    $50k or less 76 $4,270,000 $56,184 $275 3.63%
    $50k-75k 75 $4,755,000 $63,400 $301 3.59%
    $75k-100k 67 $5,005,000 $74,701 $353 3.72%
    $150k-250k 41 $3,645,000 $88,902 $323 3.51%
    $250k+ 12 $1,580,000 $131,667 $606 4.79%

    Dane County Credit Union lent most frequently to those with incomes in the $100k-150k range, with 98 originations. The second most popular income band? $50k or less, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 98 $6,550,000 $66,837 $267 3.56%
    <20% 93 $7,395,000 $79,516 $278 3.11%
    30-36% 72 $5,010,000 $69,583 $320 4.00%
    37% 12 $1,220,000 $101,667 $471 4.12%
    38% 10 $730,000 $73,000 $566 2.77%
    41% 9 $745,000 $82,778 $630 4.22%
    39% 9 $535,000 $59,444 $341 5.55%
    36% 9 $325,000 $36,111 $212 4.30%
    42% 8 $700,000 $87,500 $622 3.59%
    40% 8 $640,000 $80,000 $564 3.93%
    47% 7 $265,000 $37,857 $173 4.67%
    46% 7 $395,000 $56,429 $229 3.46%
    43% 5 $285,000 $57,000 $216 4.15%
    44% 5 $495,000 $99,000 $605 3.24%
    50-60% 3 $195,000 $65,000 $173 3.91%
    45% 2 $430,000 $215,000 $0 3.12%
    48% 2 $230,000 $115,000 $212 5.88%
    49% 2 $140,000 $70,000 $159 3.49%
    >60% 2 $180,000 $90,000 $2,325 3.24%

    Dane County Credit Union lent most frequently to those with DTI ratios of 20-30%, with 98 originations. The next most common DTI ratio? <20%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 348 $24,770,000 $71,178 $313 3.69%
    Asian 9 $1,025,000 $113,889 $1,087 3.74%
    Black 12 $850,000 $70,833 $517 2.83%

    Approval Rates

    Total approvals of all applications
    88.26%

    Dane County Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.71%

    Dane County Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 369 $26,645,000 $72,209

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 368 $26,580,000 $72,228

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 115 $9,015,000 $78,391 $239 3.37%
    40-60% 33 $3,625,000 $109,848 $243 3.29%
    60-80% 28 $5,090,000 $181,786 $914 3.71%
    80-100% 12 $2,610,000 $217,500 $1,122 3.87%
    Under 20% 181 $6,305,000 $34,834 $169 3.89%