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™
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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

    Bankers' Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out 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: St. Louis, Sheboygan, Milwaukee, Omaha, and Carroll among others. We have data for 71 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

    1,683

    Origination Dollar Volume (All Markets)

    $305,335,000
    Show all (11) 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 664 $107,970,000 $162,605 $2,371 2.86%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 104 $22,730,000 $218,558 $2,197 2.74%
    SHEBOYGAN, WI (FHA|USDA|VA) 94 $19,060,000 $202,766 $1,572 2.96%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 72 $17,620,000 $244,722 $2,119 2.81%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 71 $14,385,000 $202,606 $2,421 3.08%
    Carroll, IA (FHA|USDA|VA) 60 $12,360,000 $206,000 $3,588 2.54%
    EAU CLAIRE, WI (FHA|USDA|VA) 59 $11,825,000 $200,424 $2,843 2.73%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 48 $10,070,000 $209,792 $3,976 2.76%
    Stevens Point, WI (FHA|USDA|VA) 42 $8,130,000 $193,571 $1,395 2.79%
    Beaver Dam, WI (FHA|USDA|VA) 43 $7,335,000 $170,581 $2,041 2.85%
    Marinette, WI-MI (FHA|USDA|VA) 47 $7,045,000 $149,894 $1,647 3.03%
    Mason City, IA (FHA|USDA|VA) 38 $5,860,000 $154,211 $2,780 2.51%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 32 $5,570,000 $174,063 $2,079 3.07%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 17 $5,185,000 $305,000 $2,802 2.90%
    MADISON, WI (FHA|USDA|VA) 21 $4,595,000 $218,810 $1,962 2.67%
    Spencer, IA (FHA|USDA|VA) 26 $4,380,000 $168,462 $2,355 2.67%
    FOND DU LAC, WI (FHA|USDA|VA) 16 $3,350,000 $209,375 $1,613 2.92%
    Spirit Lake, IA (FHA|USDA|VA) 16 $2,810,000 $175,625 $1,956 2.74%
    DULUTH, MN-WI (FHA|USDA|VA) 15 $2,495,000 $166,333 $2,393 2.95%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 15 $2,465,000 $164,333 $2,212 3.28%
    Baraboo, WI (FHA|USDA|VA) 10 $2,460,000 $246,000 $2,254 3.05%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $2,070,000 $258,750 $2,978 2.67%
    GREEN BAY, WI (FHA|USDA|VA) 11 $1,985,000 $180,455 $1,746 3.06%
    Centralia, IL (FHA|USDA|VA) 12 $1,610,000 $134,167 $3,682 2.95%
    Freeport, IL (FHA|USDA|VA) 15 $1,495,000 $99,667 $2,372 2.63%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 7 $1,375,000 $196,429 $1,265 2.73%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 6 $1,290,000 $215,000 $2,181 2.81%
    Shawano, WI (FHA|USDA|VA) 9 $1,225,000 $136,111 $1,835 2.74%
    Menomonie, WI (FHA|USDA|VA) 7 $1,185,000 $169,286 $2,968 3.04%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 5 $915,000 $183,000 $3,084 2.55%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $910,000 $151,667 $2,047 3.00%
    Mount Vernon, IL (FHA|USDA|VA) 4 $880,000 $220,000 $4,379 3.13%
    Storm Lake, IA (FHA|USDA|VA) 7 $845,000 $120,714 $2,642 2.82%
    BLOOMINGTON, IL (FHA|USDA|VA) 6 $750,000 $125,000 $1,791 3.29%
    Lincoln, IL (FHA|USDA|VA) 6 $730,000 $121,667 $1,709 3.63%
    Manitowoc, WI (FHA|USDA|VA) 4 $660,000 $165,000 $1,900 3.00%
    AMES, IA (FHA|USDA|VA) 4 $630,000 $157,500 $3,079 2.41%
    New Castle, IN (FHA|USDA|VA) 5 $555,000 $111,000 $2,324 3.40%
    Sterling, IL (FHA|USDA|VA) 4 $540,000 $135,000 $2,316 2.88%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $525,000 $175,000 $2,078 3.04%
    KANKAKEE, IL (FHA|USDA|VA) 2 $500,000 $250,000 $2,311 2.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $465,000 $465,000 $6,812 2.63%
    ROCHESTER, MN (FHA|USDA|VA) 2 $450,000 $225,000 $3,637 2.50%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 3 $435,000 $145,000 $3,396 2.92%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $400,000 $200,000 $2,123 3.31%
    Platteville, WI (FHA|USDA|VA) 3 $395,000 $131,667 $2,166 2.38%
    PEORIA, IL (FHA|USDA|VA) 2 $360,000 $180,000 $1,910 3.31%
    Brainerd, MN (FHA|USDA|VA) 1 $355,000 $355,000 $4,639 2.88%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $340,000 $170,000 $2,286 2.81%
    Pella, IA (FHA|USDA|VA) 1 $325,000 $325,000 $5,844 2.88%
    Fort Dodge, IA (FHA|USDA|VA) 2 $300,000 $150,000 $3,092 2.69%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 2 $260,000 $130,000 $1,900 2.94%
    WICHITA, KS (FHA|USDA|VA) 2 $250,000 $125,000 $2,955 2.81%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $245,000 $245,000 $7,050 2.63%
    APPLETON, WI (FHA|USDA|VA) 2 $240,000 $120,000 $1,665 2.81%
    DUBUQUE, IA (FHA|USDA|VA) 1 $235,000 $235,000 $3,028 2.75%
    Marshalltown, IA (FHA|USDA|VA) 1 $205,000 $205,000 $4,711 2.75%
    Rochelle, IL (FHA|USDA|VA) 1 $185,000 $185,000 $2,399 2.88%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $185,000 $185,000 $1,742 2.38%
    Plymouth, IN (FHA|USDA|VA) 1 $175,000 $175,000 $1,981 3.00%
    Burlington, IA-IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,103 3.25%
    Lexington, NE (FHA|USDA|VA) 1 $145,000 $145,000 $1,208 3.63%
    Albert Lea, MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,145 2.50%
    Faribault-Northfield, MN (FHA|USDA|VA) 1 $135,000 $135,000 $2,477 2.38%
    Findlay, OH (FHA|USDA|VA) 1 $105,000 $105,000 $2,461 2.63%
    Peru, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,853 3.13%
    Pontiac, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,608 3.13%
    ROCKFORD, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,811 2.75%
    Galesburg, IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,926 4.13%
    McPherson, KS (FHA|USDA|VA) 1 $65,000 $65,000 $2,601 3.38%
    MUNCIE, IN (FHA|USDA|VA) 1 $55,000 $55,000 $1,390 2.38%
    Bankers' Bank's top markets include St. Louis, Sheboygan, Milwaukee, Omaha, and Carroll among others.

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

    CAPITAL Credit Union
    Similarity Rank: 45
    Bank
    Similarity Rank: 82
    Fox Valley Savings Bank
    Similarity Rank: 96
    The Stephenson National Bank and Trust
    Similarity Rank: 96
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 102
    United Bank of Iowa
    Similarity Rank: 112
    Firefighters Credit Union
    Similarity Rank: 125
    VisionBank of Iowa
    Similarity Rank: 187
    Manufacturers Bank & Trust Company
    Similarity Rank: 198
    PCM
    Similarity Rank: 225

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,653 $302,095,000 $182,756 $2,347 2.84%
    USDA 28 $2,890,000 $103,214 $3,462 3.08%
    HELOC 1 $115,000 $115,000 n/a 3.38%
    VA 1 $235,000 $235,000 $3,235 2.75%

    For 2021, Bankers' Bank's most frequently originated type of loan was Conventional, with 1,653 originations. Their 2nd most popular type was USDA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 711 $128,615,000 $180,893 $2,150 2.72%
    Home Purchase 577 $108,215,000 $187,548 $2,588 3.01%
    Cash Out Refi 392 $68,090,000 $173,699 $2,436 2.85%
    Other 2 $310,000 $155,000 $2,381 3.19%
    Home Improvement 1 $105,000 $105,000 $1,187 2.25%

    For 2021, Bankers' Bank's most frequently cited loan purpose was Refi, with 711 originations. The 2nd most popular reason was Home Purchase, with 577 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 998 $192,140,000 $192,525 $2,462 3.09%
    15 Year 516 $86,410,000 $167,461 $2,250 2.38%
    20 Year 149 $24,285,000 $162,987 $2,213 2.88%
    10 Year 14 $1,480,000 $105,714 $1,712 2.27%
    Other 6 $1,020,000 $170,000 $1,983 3.00%

    For 2021, Bankers' Bank's most frequently cited loan duration was 30 Year, with 998 originations. The 2nd most popular length was 15 Year, with 516 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 943 $165,655,000 $175,668
    $1k-2k 478 $74,770,000 $156,423
    $2k-3k 144 $31,680,000 $220,000
    $3k-4k 62 $16,140,000 $260,323
    $5k+ 27 $9,685,000 $358,704
    $4k-5k 20 $6,470,000 $323,500

    Bankers' Bank's average total fees were $2,462, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 943 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 692 $128,000,000 $184,971
    3-4% 532 $96,670,000 $181,711
    <2.5% 446 $78,730,000 $176,525
    4-5% 13 $1,935,000 $148,846

    During 2021, Bankers' Bank's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 692 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 779 $111,925,000 $143,678 $2,180 2.85%
    $200k-400k 501 $133,015,000 $265,499 $2,667 2.87%
    $100,000 or less 328 $24,160,000 $73,659 $2,104 2.83%
    $400k-600k 69 $31,375,000 $454,710 $3,116 2.82%
    $600k-1MM 6 $4,860,000 $810,000 $6,937 2.33%

    2021 saw Bankers' Bank place emphasis on $100k-200k loans with 779 originations, totaling $111,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 406 $60,050,000 $147,906 $2,184 2.90%
    $100k-150k 359 $77,225,000 $215,111 $2,422 2.82%
    $50k or less 334 $35,890,000 $107,455 $2,238 2.93%
    $75k-100k 332 $60,550,000 $182,380 $2,324 2.86%
    $150k-250k 196 $52,050,000 $265,561 $2,574 2.73%
    $250k+ 56 $19,570,000 $349,464 $3,617 2.56%

    Bankers' Bank lent most frequently to those with incomes in the $50k-75k range, with 406 originations. The second most popular income band? $100k-150k, with 359 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 550 $95,120,000 $172,945 $2,392 2.82%
    30-36% 319 $62,575,000 $196,160 $2,493 2.86%
    <20% 261 $43,725,000 $167,529 $2,293 2.75%
    37% 61 $9,405,000 $154,180 $2,192 3.02%
    36% 58 $12,680,000 $218,621 $2,388 2.86%
    42% 55 $9,675,000 $175,909 $2,468 2.90%
    40% 46 $8,120,000 $176,522 $2,179 2.98%
    38% 44 $8,390,000 $190,682 $2,567 2.87%
    39% 43 $7,315,000 $170,116 $2,456 2.93%
    44% 43 $7,065,000 $164,302 $2,092 2.95%
    43% 41 $8,435,000 $205,732 $2,371 2.91%
    41% 35 $6,595,000 $188,429 $2,268 2.97%
    46% 26 $4,620,000 $177,692 $2,231 2.79%
    47% 26 $5,570,000 $214,231 $2,167 2.91%
    45% 25 $4,855,000 $194,200 $2,441 2.90%
    48% 25 $5,305,000 $212,200 $2,219 2.78%
    49% 24 $5,770,000 $240,417 $2,017 2.93%
    50-60% 1 $115,000 $115,000 $1,290 2.88%

    Bankers' Bank lent most frequently to those with DTI ratios of 20-30%, with 550 originations. The next most common DTI ratio? 30-36%, with 319 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,552 $283,650,000 $182,764 $2,374 2.86%
    Not provided 107 $18,005,000 $168,271 $2,339 2.74%
    Asian 10 $2,170,000 $217,000 $1,654 2.65%
    American Indian 8 $960,000 $120,000 $2,184 3.19%
    Black 4 $350,000 $87,500 $2,252 3.00%
    Native Hawaiian or Islander 2 $200,000 $100,000 $2,336 2.13%

    Approval Rates

    Total approvals of all applications
    91.37%

    Bankers' Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.44%

    Bankers' Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1955.0 1 $55,000 $55,000
    5114.69 1 $165,000 $165,000
    NA 1,681 $305,115,000 $181,508

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,683 $305,335,000 $181,423

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 96 $10,320,000 $107,500 $1,788 2.60%
    40-60% 330 $51,410,000 $155,788 $2,059 2.64%
    60-80% 765 $153,525,000 $200,686 $2,460 2.87%
    80-100% 486 $89,690,000 $184,547 $2,547 3.01%
    Under 20% 6 $390,000 $65,000 $1,853 2.48%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANCORPSOUTH BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 8.3%
    BANCORPSOUTH BANK Conventional home mortgage Incorrect information on your report 1 8.3%
    BANCORPSOUTH BANK Conventional home mortgage Trouble during payment process 7 58.3%
    BANCORPSOUTH BANK FHA mortgage Trouble during payment process 1 8.3%
    BANCORPSOUTH BANK Other type of mortgage Closing on a mortgage 1 8.3%
    BANCORPSOUTH BANK VA mortgage Struggling to pay mortgage 1 8.3%