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

Jump to:

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 Refi loans. Dane County Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Baraboo, Watertown, and Milwaukee among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Dane County Credit Union 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. 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.

    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.


    Originations

    394

    Origination Dollar Volume (All Markets)

    $41,450,000

    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) 327 $35,935,000 $109,893 $477 3.74%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 29 $2,305,000 $79,483 $412 4.16%
    Baraboo, WI (FHA|USDA|VA) 11 $855,000 $77,727 $412 4.20%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 11 $665,000 $60,455 $217 3.74%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $605,000 $121,000 $263 4.05%
    Outside of Metro Areas 4 $510,000 $127,500 $750 3.59%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $265,000 $265,000 $175 3.50%
    Beaver Dam, WI (FHA|USDA|VA) 3 $185,000 $61,667 $868 3.99%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $65,000 $65,000 $234 2.75%
    Whitewater, WI (FHA|USDA|VA) 1 $35,000 $35,000 $244 3.99%
    Platteville, WI (FHA|USDA|VA) 1 $25,000 $25,000 $209 3.99%
    Dane County Credit Union's top markets include Madison, Janesville, Baraboo, Watertown, and Milwaukee 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.

    Hometown Bank
    Similarity Rank: 216
    The Greenwood's State Bank
    Similarity Rank: 297
    The Equitable Bank, S.S.B.
    Similarity Rank: 440
    Royal Bank
    Similarity Rank: 468
    Starion Bank
    Similarity Rank: 546
    A + MORTGAGE SERVICES, INC.
    Similarity Rank: 644
    National Exchange Bank and Trust
    Similarity Rank: 920
    Dane County Credit Union
    Similarity Rank: 979
    Horicon Bank
    Similarity Rank: 1000
    Oregon Community Bank
    Similarity Rank: 1166

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 384 $41,060,000 $106,927 $465 3.78%
    HELOC 10 $390,000 $39,000 n/a 4.09%

    For 2020, Dane County Credit Union's most frequently originated type of loan was Conventional, with 384 originations. Their 2nd most popular type was HELOC, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 178 $23,540,000 $132,247 $521 3.46%
    Home Improvement 116 $6,360,000 $54,828 $178 4.24%
    Other 40 $3,750,000 $93,750 $597 4.21%
    Cash Out Refi 33 $4,135,000 $125,303 $401 3.39%
    Home Purchase 26 $3,530,000 $135,769 $1,096 3.83%
    NA 1 $135,000 $135,000 $279 3.00%

    For 2020, Dane County Credit Union's most frequently cited loan purpose was Refi, with 178 originations. The 2nd most popular reason was Home Improvement, with 116 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 227 $16,325,000 $71,916 $223 4.08%
    15 Year 63 $8,335,000 $132,302 $332 3.23%
    30 Year 53 $11,255,000 $212,358 $1,490 3.54%
    Other 44 $4,860,000 $110,455 $436 3.37%
    5 Year 4 $280,000 $70,000 $253 3.93%
    30+ year 3 $395,000 $131,667 $1,389 3.58%

    For 2020, Dane County Credit Union's most frequently cited loan duration was 10 Year, with 227 originations. The 2nd most popular length was 15 Year, with 63 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 71 $13,155,000 $185,282

    Dane County Credit Union's average total fees were $1,490, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 237 $25,655,000 $108,249
    2.5-3% 96 $12,550,000 $130,729
    4-5% 27 $1,775,000 $65,741
    5-6% 23 $1,015,000 $44,130
    6-7% 9 $385,000 $42,778
    7-8% 2 $70,000 $35,000

    During 2020, Dane County Credit Union's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 237 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 214 $10,350,000 $48,364 $234 4.14%
    $100k-200k 129 $17,915,000 $138,876 $557 3.35%
    $200k-400k 50 $12,780,000 $255,600 $1,033 3.37%
    $400k-600k 1 $405,000 $405,000 $1,270 3.00%

    2020 saw Dane County Credit Union place emphasis on $100,000 or less loans with 214 originations, totaling $10,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 107 $10,045,000 $93,879 $417 3.71%
    $100k-150k 89 $10,455,000 $117,472 $497 3.78%
    $75k-100k 78 $8,070,000 $103,462 $563 3.85%
    $50k or less 58 $4,590,000 $79,138 $443 3.91%
    $150k-250k 52 $7,190,000 $138,269 $430 3.66%
    $250k+ 9 $1,025,000 $113,889 $288 4.04%

    Dane County Credit Union lent most frequently to those with incomes in the $50k-75k range, with 107 originations. The second most popular income band? $100k-150k, with 89 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 122 $12,950,000 $106,148 $472 3.83%
    <20% 89 $9,475,000 $106,461 $437 3.59%
    30-36% 70 $7,540,000 $107,714 $467 3.70%
    41% 15 $1,085,000 $72,333 $343 3.58%
    40% 14 $1,960,000 $140,000 $677 3.62%
    38% 12 $1,620,000 $135,000 $355 4.10%
    39% 10 $1,000,000 $100,000 $425 3.98%
    37% 9 $1,215,000 $135,000 $626 3.72%
    47% 8 $960,000 $120,000 $1,051 4.03%
    42% 6 $440,000 $73,333 $299 3.91%
    36% 6 $300,000 $50,000 $232 4.79%
    44% 6 $570,000 $95,000 $538 4.04%
    48% 6 $620,000 $103,333 $777 3.92%
    45% 5 $455,000 $91,000 $241 4.23%
    46% 4 $190,000 $47,500 $234 3.93%
    43% 4 $310,000 $77,500 $249 3.87%
    49% 3 $445,000 $148,333 $593 3.54%
    >60% 1 $15,000 $15,000 $45 4.75%
    50-60% 1 $25,000 $25,000 $224 3.99%

    Dane County Credit Union lent most frequently to those with DTI ratios of 20-30%, with 122 originations. The next most common DTI ratio? <20%, with 89 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 377 $39,645,000 $105,159 $463 3.75%
    Black 11 $995,000 $90,455 $525 4.37%
    Asian 2 $460,000 $230,000 $368 4.69%
    American Indian 2 $320,000 $160,000 $875 5.25%
    Not provided 2 $30,000 $15,000 $45 4.37%

    Approval Rates

    Total approvals of all applications
    90.92%

    Dane County Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.77%

    Dane County Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 394 $41,450,000 $105,203

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 394 $41,450,000 $105,203

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 100 $8,240,000 $82,400 $250 3.76%
    40-60% 69 $9,785,000 $141,812 $570 3.28%
    60-80% 84 $16,430,000 $195,595 $837 3.36%
    80-100% 13 $2,175,000 $167,308 $936 3.67%
    Under 20% 128 $4,820,000 $37,656 $199 4.36%