Bankers' Bank Mortgage Rates, Fees & Info

MADISON, WI

LEI: 549300EES32R2VOEK894

Tax ID: 39-1373892

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
  • 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

    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: Eau Claire, Minneapolis, Milwaukee, Omaha, 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 above 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.

    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 6.66% 12/3/24
    30 Year Conventional Refi 6.51% 12/3/24
    30 Year Cash-out Refi 6.62% 12/3/24
    30 Year VA Purchase 6.56% 12/3/24
    30 Year USDA Purchase 7.04% 12/3/24
    15 Year Conventional Purchase 5.83% 12/3/24
    15 Year Conventional Refi 5.92% 12/3/24
    15 Year Cash-out Refi 5.92% 12/3/24
    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.

    Bankers' Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Bankers' 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

    857

    Origination Dollar Volume (All Markets)

    $148,325,000
    Show all (10) 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
    Outside of Metro Areas 290 $47,040,000 $162,207 $2,380 4.01%
    EAU CLAIRE, WI (FHA|USDA|VA) 86 $16,020,000 $186,279 $2,632 3.94%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 26 $8,590,000 $330,385 $3,368 4.04%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 34 $8,120,000 $238,824 $2,238 4.00%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 44 $6,800,000 $154,545 $1,885 4.23%
    Carroll, IA (FHA|USDA|VA) 36 $5,800,000 $161,111 $3,180 3.87%
    Stevens Point, WI (FHA|USDA|VA) 24 $4,310,000 $179,583 $1,579 3.81%
    SHEBOYGAN, WI (FHA|USDA|VA) 25 $4,185,000 $167,400 $1,703 4.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 28 $4,160,000 $148,571 $2,987 4.15%
    Spirit Lake, IA (FHA|USDA|VA) 13 $3,865,000 $297,308 $1,709 3.83%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 21 $3,845,000 $183,095 $2,176 4.02%
    New Castle, IN (FHA|USDA|VA) 26 $3,050,000 $117,308 $2,040 4.15%
    MADISON, WI (FHA|USDA|VA) 16 $2,820,000 $176,250 $1,882 4.09%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 16 $2,760,000 $172,500 $2,000 4.08%
    Mason City, IA (FHA|USDA|VA) 17 $2,285,000 $134,412 $3,083 4.20%
    Menomonie, WI (FHA|USDA|VA) 9 $2,275,000 $252,778 $3,144 3.81%
    Shawano, WI (FHA|USDA|VA) 11 $1,715,000 $155,909 $2,266 4.08%
    Beaver Dam, WI (FHA|USDA|VA) 9 $1,515,000 $168,333 $2,974 4.21%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $1,445,000 $160,556 $2,364 3.69%
    Bluffton, IN (FHA|USDA|VA) 6 $1,300,000 $216,667 $1,921 3.92%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 7 $1,285,000 $183,571 $2,503 4.29%
    Spencer, IA (FHA|USDA|VA) 9 $1,205,000 $133,889 $1,886 4.06%
    Platteville, WI (FHA|USDA|VA) 9 $1,065,000 $118,333 $2,874 4.25%
    Freeport, IL (FHA|USDA|VA) 6 $1,010,000 $168,333 $3,415 4.06%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 5 $905,000 $181,000 $2,672 4.20%
    Baraboo, WI (FHA|USDA|VA) 5 $895,000 $179,000 $1,697 3.85%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 5 $715,000 $143,000 $1,721 3.75%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 6 $710,000 $118,333 $1,604 4.02%
    DULUTH, MN-WI (FHA|USDA|VA) 3 $615,000 $205,000 $1,926 3.63%
    FOND DU LAC, WI (FHA|USDA|VA) 5 $615,000 $123,000 $2,107 4.05%
    AMES, IA (FHA|USDA|VA) 3 $595,000 $198,333 $3,048 4.21%
    Angola, IN (FHA|USDA|VA) 1 $435,000 $435,000 $2,297 4.00%
    Marshalltown, IA (FHA|USDA|VA) 2 $420,000 $210,000 $2,110 3.63%
    ROCKFORD, IL (FHA|USDA|VA) 3 $405,000 $135,000 $2,373 4.71%
    Plymouth, IN (FHA|USDA|VA) 3 $395,000 $131,667 $2,066 4.17%
    Storm Lake, IA (FHA|USDA|VA) 3 $335,000 $111,667 $2,504 3.75%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $335,000 $335,000 $1,908 4.00%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 2 $310,000 $155,000 $2,107 4.19%
    Red Wing, MN (FHA|USDA|VA) 1 $285,000 $285,000 $2,315 4.00%
    Mount Vernon, IL (FHA|USDA|VA) 1 $265,000 $265,000 $2,116 3.88%
    Ottawa, IL (FHA|USDA|VA) 3 $265,000 $88,333 $2,506 3.92%
    KANKAKEE, IL (FHA|USDA|VA) 1 $235,000 $235,000 $1,598 4.13%
    Jasper, IN (FHA|USDA|VA) 1 $225,000 $225,000 $2,211 3.75%
    Decatur, IN (FHA|USDA|VA) 1 $215,000 $215,000 $1,800 5.00%
    MUNCIE, IN (FHA|USDA|VA) 2 $210,000 $105,000 $2,125 4.38%
    APPLETON, WI (FHA|USDA|VA) 2 $190,000 $95,000 $2,080 4.31%
    BLOOMINGTON, IL (FHA|USDA|VA) 2 $190,000 $95,000 $1,871 3.94%
    Marinette, WI-MI (FHA|USDA|VA) 1 $185,000 $185,000 $1,687 3.75%
    LINCOLN, NE (FHA|USDA|VA) 1 $185,000 $185,000 $2,690 4.38%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,970 3.88%
    IOWA CITY, IA (FHA|USDA|VA) 1 $175,000 $175,000 $1,951 4.00%
    Richmond, IN (FHA|USDA|VA) 1 $145,000 $145,000 $1,917 4.63%
    Yankton, SD (FHA|USDA|VA) 1 $145,000 $145,000 $2,204 4.63%
    ROCHESTER, MN (FHA|USDA|VA) 1 $135,000 $135,000 $1,958 3.88%
    Taylorville, IL (FHA|USDA|VA) 2 $130,000 $65,000 $2,611 4.56%
    DANVILLE, IL (FHA|USDA|VA) 1 $115,000 $115,000 $1,713 4.50%
    Centralia, IL (FHA|USDA|VA) 2 $110,000 $55,000 $1,983 3.81%
    PEORIA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,882 4.75%
    Houghton, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,393 4.25%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $1,853 4.38%
    MANKATO, MN (FHA|USDA|VA) 1 $95,000 $95,000 $2,246 3.38%
    Rochelle, IL (FHA|USDA|VA) 1 $75,000 $75,000 $1,791 3.50%
    GREEN BAY, WI (FHA|USDA|VA) 1 $65,000 $65,000 $2,857 4.75%
    Crawfordsville, IN (FHA|USDA|VA) 1 $45,000 $45,000 $1,585 4.75%
    Bankers' Bank's top markets include Eau Claire, Minneapolis, Milwaukee, Omaha, and Carroll among others.

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

    • 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 820 $143,860,000 $175,439 $2,325 4.02%
    USDA 33 $3,815,000 $115,606 $3,475 4.17%
    VA 4 $650,000 $162,500 $5,178 4.22%

    For 2019, Bankers' Bank's most frequently originated type of loan was Conventional, with 820 originations. Their 2nd most popular type was USDA, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 458 $76,320,000 $166,638 $2,500 4.11%
    Refi 248 $48,040,000 $193,710 $2,104 3.89%
    Cash Out Refi 142 $22,380,000 $157,606 $2,507 3.99%
    Other 5 $965,000 $193,000 $2,147 3.88%
    Home Improvement 4 $620,000 $155,000 $2,069 4.28%

    For 2019, Bankers' Bank's most frequently cited loan purpose was Home Purchase, with 458 originations. The 2nd most popular reason was Refi, with 248 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 610 $109,870,000 $180,115 $2,433 4.15%
    15 Year 160 $25,820,000 $161,375 $2,253 3.59%
    20 Year 75 $10,895,000 $145,267 $2,266 4.05%
    10 Year 10 $1,340,000 $134,000 $2,015 3.45%
    Other 2 $400,000 $200,000 $3,975 3.88%

    For 2019, Bankers' Bank's most frequently cited loan duration was 30 Year, with 610 originations. The 2nd most popular length was 15 Year, with 160 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 513 $85,345,000 $166,365
    $1k-2k 231 $39,165,000 $169,545
    $2k-3k 72 $14,300,000 $198,611
    $3k-4k 17 $3,175,000 $186,765
    $4k-5k 13 $4,445,000 $341,923
    $5k+ 5 $1,375,000 $275,000

    Bankers' Bank's average total fees were $2,433, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 513 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 497 $92,045,000 $185,201
    4-5% 335 $51,565,000 $153,925
    5-6% 14 $1,930,000 $137,857
    2.5-3% 11 $2,785,000 $253,182

    During 2019, Bankers' Bank's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 497 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 385 $55,535,000 $144,247 $2,427 4.04%
    $200k-400k 232 $61,080,000 $263,276 $2,475 3.93%
    $100,000 or less 202 $14,310,000 $70,842 $2,057 4.14%
    $400k-600k 38 $17,400,000 $457,895 $3,049 3.80%

    2019 saw Bankers' Bank place emphasis on $100k-200k loans with 385 originations, totaling $55,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 228 $31,610,000 $138,640 $2,366 4.07%
    $50k or less 193 $18,805,000 $97,435 $2,183 4.15%
    $75k-100k 166 $28,890,000 $174,036 $2,434 4.04%
    $100k-150k 147 $33,855,000 $230,306 $2,442 3.94%
    $150k-250k 86 $23,560,000 $273,953 $2,442 3.92%
    $250k+ 37 $11,605,000 $313,649 $2,947 3.67%

    Bankers' Bank lent most frequently to those with incomes in the $50k-75k range, with 228 originations. The second most popular income band? $50k or less, with 193 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 279 $46,705,000 $167,401 $2,346 3.99%
    30-36% 166 $27,940,000 $168,313 $2,385 4.05%
    <20% 111 $19,025,000 $171,396 $2,266 3.94%
    39% 37 $6,145,000 $166,081 $2,402 4.03%
    37% 33 $5,535,000 $167,727 $2,331 4.01%
    36% 31 $5,655,000 $182,419 $2,551 4.17%
    40% 28 $4,040,000 $144,286 $2,288 4.15%
    38% 26 $5,480,000 $210,769 $2,595 4.18%
    43% 22 $3,540,000 $160,909 $2,622 3.84%
    42% 20 $4,060,000 $203,000 $2,573 3.95%
    41% 18 $2,660,000 $147,778 $2,344 4.15%
    49% 17 $3,005,000 $176,765 $2,259 4.17%
    45% 16 $3,370,000 $210,625 $2,207 4.20%
    44% 15 $3,855,000 $257,000 $2,716 4.22%
    48% 14 $2,750,000 $196,429 $2,831 4.13%
    47% 13 $2,615,000 $201,154 $2,891 4.08%
    46% 11 $1,945,000 $176,818 $1,898 3.97%

    Bankers' Bank lent most frequently to those with DTI ratios of 20-30%, with 279 originations. The next most common DTI ratio? 30-36%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 814 $139,440,000 $171,302 $2,387 4.03%
    Not provided 34 $6,960,000 $204,706 $2,069 4.04%
    Asian 6 $1,420,000 $236,667 $3,424 3.83%
    Other Pacific Islander 1 $255,000 $255,000 $2,740 4.50%
    Other Asian 1 $185,000 $185,000 $3,122 4.50%
    American Indian 1 $65,000 $65,000 $1,961 3.88%

    Approval Rates

    Total approvals of all applications
    92.25%

    Bankers' Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.01%

    Bankers' Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    2118.4 1 $65,000 $65,000
    2429.0 1 $95,000 $95,000
    NA 855 $148,165,000 $173,292

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 10 $1,070,000 $107,000
    Single Family (1-4 Units):Site-Built 847 $147,255,000 $173,855

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $4,720,000 $112,381 $1,904 3.74%
    40-60% 113 $17,825,000 $157,743 $2,041 3.87%
    60-80% 376 $71,880,000 $191,170 $2,410 4.00%
    80-100% 325 $53,795,000 $165,523 $2,528 4.15%
    Over 100% 1 $105,000 $105,000 $2,859 4.25%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Struggling to pay mortgage 1 16.7%
    BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 1 16.7%
    BANCORPSOUTH BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 2 33.3%