Bankers' Bank Mortgage Rates, Fees & Info
MADISON, WILEI: 549300EES32R2VOEK894
Tax ID: 39-1373892
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Mortgage Data
Review & Overview
Bankers' Bank is a smaller bank specializing in Home Purchase and Refi loans. Bankers' Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Sheboygan, Omaha, St. Louis, Milwaukee, and Carroll among others. We have data for 64 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankers' 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. Bankers' 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.66% | 3/28/23 |
| 30 Year Conventional Refi | 6.51% | 3/28/23 |
| 30 Year Cash-out Refi | 6.62% | 3/28/23 |
| 30 Year VA Purchase | 6.56% | 3/28/23 |
| 30 Year USDA Purchase | 7.04% | 3/28/23 |
| 15 Year Conventional Purchase | 5.83% | 3/28/23 |
| 15 Year Conventional Refi | 5.92% | 3/28/23 |
| 15 Year Cash-out Refi | 5.92% | 3/28/23 |
| 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. | ||
Originations
599Origination Dollar Volume (All Markets)
$112,625,000Awards
Bankers' Bank - 2022
Bankers' Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Bankers' Bank's average 30 year fixed mortgage rate was
4.87%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.11%.
Relative Fees (Closing Costs)
Bankers' Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,377.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 198 | $35,840,000 | $181,010 | $2,780 | 4.70% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 71 | $15,625,000 | $220,070 | $171 | 4.46% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 33 | $6,915,000 | $209,545 | $2,376 | 4.43% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 32 | $5,450,000 | $170,313 | $2,475 | 4.11% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 18 | $4,310,000 | $239,444 | $1,332 | 4.65% |
| Carroll, IA (FHA|USDA|VA) | 24 | $3,250,000 | $135,417 | $3,674 | 3.91% |
| FOND DU LAC, WI (FHA|USDA|VA) | 15 | $3,185,000 | $212,333 | $1,775 | 4.23% |
| Marinette, WI-MI (FHA|USDA|VA) | 19 | $3,135,000 | $165,000 | $307 | 4.59% |
| Spirit Lake, IA (FHA|USDA|VA) | 10 | $2,840,000 | $284,000 | $2,669 | 4.21% |
| Mason City, IA (FHA|USDA|VA) | 14 | $2,570,000 | $183,571 | $3,625 | 4.22% |
| Stevens Point, WI (FHA|USDA|VA) | 12 | $2,560,000 | $213,333 | $1,212 | 4.10% |
| MADISON, WI (FHA|USDA|VA) | 8 | $2,240,000 | $280,000 | $1,936 | 4.91% |
| Beaver Dam, WI (FHA|USDA|VA) | 12 | $2,050,000 | $170,833 | $2,412 | 3.90% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $1,935,000 | $387,000 | $5,095 | 4.70% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 10 | $1,840,000 | $184,000 | $3,646 | 3.59% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 11 | $1,565,000 | $142,273 | $1,421 | 5.27% |
| GREEN BAY, WI (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $984 | 4.69% |
| Ottawa, KS (FHA|USDA|VA) | 6 | $980,000 | $163,333 | $2,831 | 4.44% |
| Centralia, IL (FHA|USDA|VA) | 5 | $945,000 | $189,000 | $3,369 | 3.65% |
| Lincoln, IL (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $2,251 | 4.53% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 6 | $860,000 | $143,333 | $5,598 | 4.23% |
| APPLETON, WI (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $0 | 4.75% |
| Sterling, IL (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $2,908 | 4.78% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $1,244 | 4.75% |
| PEORIA, IL (FHA|USDA|VA) | 3 | $615,000 | $205,000 | $4,455 | 4.79% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $9,384 | 5.88% |
| Kendallville, IN (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $2,360 | 3.06% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $1,890 | 4.08% |
| Freeport, IL (FHA|USDA|VA) | 5 | $445,000 | $89,000 | $3,673 | 5.50% |
| McPherson, KS (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $2,938 | 6.63% |
| Manitowoc, WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $0 | 5.38% |
| Mount Vernon, IL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,760 | 5.08% |
| Rochelle, IL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,505 | 4.19% |
| Pontiac, IL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,477 | 4.25% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 3.75% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.13% |
| Platteville, WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,417 | 5.31% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,213 | 6.00% |
| Spencer, IA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $3,788 | 4.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $2,509 | 3.88% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,333 | 4.38% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,153 | 4.75% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,072 | 4.13% |
| Dixon, IL (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $3,508 | 3.63% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,434 | 4.00% |
| Storm Lake, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,891 | 4.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $2,671 | 4.19% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $5,067 | 3.88% |
| AMES, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,668 | 3.88% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.88% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,060 | 7.13% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,812 | 5.13% |
| Auburn, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,487 | 2.75% |
| Salina, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,260 | 6.13% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,850 | 4.88% |
| Yankton, SD (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,380 | 3.25% |
| Bluffton, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,392 | 3.50% |
| New Castle, IN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $2,104 | 4.88% |
| Albert Lea, MN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,797 | 4.88% |
| Richmond, IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,996 | 5.50% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,042 | 3.88% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,129 | 3.38% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,868 | 3.75% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,141 | 2.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bankers' Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 564 | $108,020,000 | $191,525 | $2,197 | 4.46% |
| USDA | 31 | $3,845,000 | $124,032 | $3,804 | 4.94% |
| VA | 4 | $760,000 | $190,000 | $6,639 | 5.78% |
For 2022, Bankers' Bank's most frequently originated type of loan was Conventional, with 564 originations. Their 2nd most popular type was USDA, with 31 originations.
Loan Reason
For 2022, Bankers' Bank's most frequently cited loan purpose was Home Purchase, with 365 originations. The 2nd most popular reason was Refi, with 128 originations.
Loan Duration/Length
For 2022, Bankers' Bank's most frequently cited loan duration was 30 Year, with 443 originations. The 2nd most popular length was 15 Year, with 117 originations.
Origination Fees/Closing Costs
Bankers' Bank's average total fees were $2,377, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 311 originations.
Interest Rates
During 2022, Bankers' Bank's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 3-4%, with 168 originations.
Loan Sizing
2022 saw Bankers' Bank place emphasis on $100k-200k loans with 274 originations, totaling $40,850,000 in origination value.
Applicant Income
Bankers' Bank lent most frequently to those with incomes in the $50k-75k range, with 161 originations. The second most popular income band? $50k or less, with 134 originations.
Applicant Debt to Income Ratio
Bankers' Bank lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 141 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.12%
Bankers' Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.29%
Bankers' Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1170.0 | 1 | $115,000 | $115,000 |
| 1875.0 | 1 | $255,000 | $255,000 |
| 3000.0 | 1 | $245,000 | $245,000 |
| 3577.11 | 1 | $165,000 | $165,000 |
| 750.0 | 1 | $405,000 | $405,000 |
| 762.5 | 1 | $75,000 | $75,000 |
| NA | 593 | $111,365,000 | $187,799 |