Laona State Bank Mortgage Rates, Fees & Info

Laona, WI

LEI: 549300ICVSTMS2XFXX81

Tax ID: 39-0420510

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
  • 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

    Laona State Bank is a smaller bank specializing in Home Purchase and Refi loans. Laona State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Green Bay, Iron Mountain, Marinette, Milwaukee, and Wausau among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Laona State 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.

    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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    Originations

    93

    Origination Dollar Volume (All Markets)

    $11,255,000

    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 47 $5,845,000 $124,362 $0 0.00%
    GREEN BAY, WI (FHA|USDA|VA) 38 $4,520,000 $118,947 $0 0.00%
    Iron Mountain, MI-WI (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
    Marinette, WI-MI (FHA|USDA|VA) 3 $275,000 $91,667 $0 0.00%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Laona State Bank's top markets include Green Bay, Iron Mountain, Marinette, Milwaukee, and Wausau among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $11,255,000 $121,022 $0 0.00%

    For 2023, Laona State Bank's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $5,930,000 $156,053 $0 0.00%
    Other 25 $2,035,000 $81,400 $0 0.00%
    Refi 21 $2,625,000 $125,000 $0 0.00%
    Home Improvement 9 $665,000 $73,889 $0 0.00%

    For 2023, Laona State Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Other, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $11,255,000 $121,022 $0 0.00%

    For 2023, Laona State Bank's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,600,000 $54,167 $0 0.00%
    $100k-200k 28 $3,910,000 $139,643 $0 0.00%
    $200k-400k 15 $3,905,000 $260,333 $0 0.00%
    $400k-600k 2 $840,000 $420,000 $0 0.00%

    2023 saw Laona State Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $3,885,000 $155,400 $0 0.00%
    $75k-100k 20 $1,740,000 $87,000 $0 0.00%
    $50k-75k 17 $1,595,000 $93,824 $0 0.00%
    $50k or less 14 $860,000 $61,429 $0 0.00%
    $150k-250k 9 $1,585,000 $176,111 $0 0.00%
    $250k+ 4 $1,190,000 $297,500 $0 0.00%

    Laona State Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $75k-100k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $11,255,000 $121,022 $0 0.00%

    Laona State Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $10,005,000 $117,706 $0 0.00%
    American Indian 4 $490,000 $122,500 $0 0.00%
    Not applicable 2 $370,000 $185,000 $0 0.00%
    Not provided 1 $285,000 $285,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.73%

    Laona State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    79.57%

    Laona State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $11,255,000 $121,022

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    93 $11,255,000 $121,022