The Bank Of New Glarus Mortgage Rates, Fees & Info
New Glarus, WILEI: 549300HZMPZC336WP721
Tax ID: 39-0147950
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Bank Of New Glarus is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of New Glarus has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Green Bay, Freeport, and Platteville among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of New Glarus has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The Bank Of New Glarus 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 | 7.09% | 4/5/25 |
| 30 Year Conventional Refi | 7.08% | 4/5/25 |
| 30 Year Cash-out Refi | 6.68% | 4/5/25 |
| 30 Year VA Purchase | 6.56% | 4/5/25 |
| 30 Year VA Refi | 6.93% | 4/5/25 |
| 15 Year Conventional Purchase | 6.08% | 4/5/25 |
| 15 Year Conventional Refi | 6.06% | 4/5/25 |
| 15 Year Cash-out Refi | 6.06% | 4/5/25 |
| 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. | ||
The Bank Of New Glarus Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
444Origination Dollar Volume (All Markets)
$143,390,000Awards
The Bank of New Glarus - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
The Bank Of New Glarus's average 30 year fixed mortgage rate was
6.81%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.26%.
Relative Fees (Closing Costs)
The Bank Of New Glarus's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,517.
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 $8,356.
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) | 318 | $107,470,000 | $337,956 | $2,372 | 7.07% |
| Outside of Metro Areas | 34 | $7,640,000 | $224,706 | $1,824 | 7.37% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 30 | $6,920,000 | $230,667 | $1,959 | 7.29% |
| GREEN BAY, WI (FHA|USDA|VA) | 6 | $3,670,000 | $611,667 | $3,067 | 6.91% |
| Freeport, IL (FHA|USDA|VA) | 9 | $2,545,000 | $282,778 | $2,673 | 7.10% |
| Platteville, WI (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $0 | 7.25% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 6 | $2,130,000 | $355,000 | $2,929 | 7.00% |
| Baraboo, WI (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $2,290 | 6.96% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 6 | $1,640,000 | $273,333 | $2,843 | 6.63% |
| ROCKFORD, IL (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $2,265 | 6.61% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $5,510 | 6.63% |
| Whitewater, WI (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $799 | 7.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $4,019 | 7.24% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $2,164 | 7.89% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $4,275 | 7.25% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,581 | 6.75% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $2,496 | 6.44% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,537 | 6.50% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,524 | 6.63% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,186 | 5.88% |
| Murray, KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,678 | 6.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,850 | 5.88% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,062 | 6.13% |
| Dixon, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,467 | 6.50% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Bank of New Glarus 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 | 437 | $140,915,000 | $322,460 | $2,275 | 7.09% |
| VA | 7 | $2,475,000 | $353,571 | $6,044 | 6.57% |
For 2024, The Bank Of New Glarus's most frequently originated type of loan was Conventional, with 437 originations. Their 2nd most popular type was VA, with 7 originations.
Loan Reason
For 2024, The Bank Of New Glarus's most frequently cited loan purpose was Home Purchase, with 303 originations. The 2nd most popular reason was Refi, with 99 originations.
Loan Duration/Length
For 2024, The Bank Of New Glarus's most frequently cited loan duration was 30 Year, with 324 originations. The 2nd most popular length was Other, with 39 originations.
Origination Fees/Closing Costs
The Bank Of New Glarus's average total fees were $2,517, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 332 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 210 | $61,880,000 | $294,667 |
| 7-8% | 147 | $62,065,000 | $422,211 |
| Over 8% | 48 | $9,280,000 | $193,333 |
| 5-6% | 35 | $8,845,000 | $252,714 |
| 4-5% | 4 | $1,320,000 | $330,000 |
During 2024, The Bank Of New Glarus's average interest rate for loans was 6.81%, while their most frequently originated rate bucket for loans was 6-7%, with 210 originations.
Loan Sizing
2024 saw The Bank Of New Glarus place emphasis on $200k-400k loans with 188 originations, totaling $53,140,000 in origination value.
Applicant Income
The Bank Of New Glarus lent most frequently to those with incomes in the $100k-150k range, with 102 originations. The second most popular income band? $150k-250k, with 83 originations.
Applicant Debt to Income Ratio
The Bank Of New Glarus lent most frequently to those with DTI ratios of 20-30%, with 80 originations. The next most common DTI ratio? 30-36%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.54%
The Bank Of New Glarus has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.14%
The Bank Of New Glarus has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 444 | $143,390,000 | $322,950 |