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
  • Complaints
  • 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, Watertown, Baraboo, and Milwaukee 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    277

    Origination Dollar Volume (All Markets)

    $30,025,000

    Awards

    Dane County Credit Union 30 Year Conventional Loans gold
    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
    MADISON, WI (FHA|USDA|VA) 244 $25,780,000 $105,656 $664 3.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 7 $915,000 $130,714 $240 2.33%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 6 $890,000 $148,333 $330 2.60%
    Outside of Metro Areas 8 $770,000 $96,250 $326 2.65%
    Baraboo, WI (FHA|USDA|VA) 5 $685,000 $137,000 $1,094 3.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $575,000 $191,667 $1,273 2.50%
    Beaver Dam, WI (FHA|USDA|VA) 2 $250,000 $125,000 $2,847 2.18%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $95,000 $95,000 $370 2.38%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $65,000 $65,000 $219 2.05%
    Dane County Credit Union's top markets include Madison, Janesville, Watertown, Baraboo, 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.

    DMB Community Bank
    Similarity Rank: 400
    Dane County Credit Union
    Similarity Rank: 531
    The Greenwood's State Bank
    Similarity Rank: 625
    Farmers & Merchants State Bank
    Similarity Rank: 784
    Monona Bank
    Similarity Rank: 793
    Hometown Bank
    Similarity Rank: 798
    The Park Bank
    Similarity Rank: 819
    Starion Bank
    Similarity Rank: 900
    State Bank of Cross Plains
    Similarity Rank: 900
    Badger Bank
    Similarity Rank: 913

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 275 $29,965,000 $108,964 $655 2.96%
    HELOC 2 $60,000 $30,000 n/a 3.99%

    For 2021, Dane County Credit Union's most frequently originated type of loan was Conventional, with 275 originations. Their 2nd most popular type was HELOC, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 119 $16,845,000 $141,555 $597 2.63%
    Home Improvement 96 $5,290,000 $55,104 $301 3.26%
    Other 34 $2,630,000 $77,353 $545 3.18%
    Home Purchase 17 $3,695,000 $217,353 $2,371 3.19%
    Cash Out Refi 11 $1,565,000 $142,273 $838 2.98%

    For 2021, Dane County Credit Union's most frequently cited loan purpose was Refi, with 119 originations. The 2nd most popular reason was Home Improvement, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 130 $8,370,000 $64,385 $218 3.21%
    Other 55 $5,925,000 $107,727 $274 2.49%
    15 Year 49 $6,485,000 $132,347 $373 2.72%
    30 Year 40 $9,180,000 $229,500 $2,199 3.01%
    5 Year 3 $65,000 $21,667 $171 4.24%

    For 2021, Dane County Credit Union's most frequently cited loan duration was 10 Year, with 130 originations. The 2nd most popular length was Other, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 40 $8,760,000 $219,000
    $<1k 5 $555,000 $111,000

    Dane County Credit Union's average total fees were $2,199, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 40 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 123 $12,935,000 $105,163
    3-4% 92 $8,190,000 $89,022
    2.5-3% 44 $8,060,000 $183,182
    5-6% 13 $545,000 $41,923
    4-5% 5 $295,000 $59,000

    During 2021, Dane County Credit Union's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was <2.5%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 157 $7,835,000 $49,904 $248 3.11%
    $100k-200k 82 $11,890,000 $145,000 $704 2.74%
    $200k-400k 35 $8,985,000 $256,714 $1,500 2.81%
    $400k-600k 3 $1,315,000 $438,333 $2,535 3.25%

    2021 saw Dane County Credit Union place emphasis on $100,000 or less loans with 157 originations, totaling $7,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 71 $7,785,000 $109,648 $494 3.05%
    $50k-75k 62 $6,960,000 $112,258 $735 2.79%
    $75k-100k 62 $6,780,000 $109,355 $628 2.90%
    $50k or less 45 $3,475,000 $77,222 $650 3.41%
    $150k-250k 30 $3,880,000 $129,333 $962 2.72%
    $250k+ 5 $855,000 $171,000 $411 2.38%

    Dane County Credit Union lent most frequently to those with incomes in the $100k-150k range, with 71 originations. The second most popular income band? $50k-75k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 91 $10,435,000 $114,670 $682 2.83%
    <20% 67 $7,385,000 $110,224 $597 2.80%
    30-36% 53 $5,585,000 $105,377 $701 2.99%
    36% 15 $1,255,000 $83,667 $620 3.25%
    41% 7 $645,000 $92,143 $196 3.40%
    38% 6 $580,000 $96,667 $207 3.75%
    37% 6 $470,000 $78,333 $868 3.49%
    39% 5 $475,000 $95,000 $874 2.55%
    46% 4 $390,000 $97,500 $0 3.06%
    40% 4 $580,000 $145,000 $1,782 3.62%
    44% 4 $230,000 $57,500 $266 3.26%
    43% 3 $595,000 $198,333 $284 3.26%
    45% 2 $100,000 $50,000 $23 4.62%
    >60% 1 $125,000 $125,000 $254 3.99%
    42% 1 $185,000 $185,000 $249 2.38%
    47% 1 $155,000 $155,000 $3,315 3.25%
    48% 1 $205,000 $205,000 $249 2.38%
    49% 1 $85,000 $85,000 $0 3.99%
    50-60% 1 $65,000 $65,000 $0 3.99%

    Dane County Credit Union lent most frequently to those with DTI ratios of 20-30%, with 91 originations. The next most common DTI ratio? <20%, with 67 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 268 $28,870,000 $107,724 $646 2.96%
    Black 8 $930,000 $116,250 $1,015 3.38%
    Asian 1 $225,000 $225,000 $249 2.13%

    Approval Rates

    Total approvals of all applications
    87.53%

    Dane County Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.29%

    Dane County Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 277 $30,025,000 $108,394

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    277 $30,025,000 $108,394

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 63 $5,125,000 $81,349 $294 2.87%
    40-60% 57 $8,045,000 $141,140 $465 2.49%
    60-80% 56 $11,620,000 $207,500 $1,309 2.86%
    80-100% 10 $2,010,000 $201,000 $1,548 2.86%
    Under 20% 91 $3,225,000 $35,440 $236 3.41%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    DIME COMMUNITY BANCSHARES, INC. Conventional home mortgage Trouble during payment process 1 50.0%
    DIME COMMUNITY BANCSHARES, INC. Other type of mortgage Trouble during payment process 1 50.0%