Governmental Employees Mortgage Rates, Fees & Info

La Crosse, WI

LEI: 549300J51TCIL2CWJP16

Tax ID: 39-6049660

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Governmental Employees is a smaller mortgage company specializing in Cash Out Refi and Home Improvement loans. Governmental Employees has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Madison, Milwaukee, Minneapolis, and Rochester among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Governmental Employees 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.

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Originations

171

Origination Dollar Volume (All Markets)

$17,805,000

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
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 122 $12,640,000 $103,607 $0 0.00%
Outside of Metro Areas 35 $3,785,000 $108,143 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $245,000 $81,667 $0 0.00%
ROCHESTER, MN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
Platteville, WI (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
RACINE, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Winona, MN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Governmental Employees's top markets include La Crosse, Madison, Milwaukee, Minneapolis, and Rochester among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 171 $17,805,000 $104,123 $0 0.00%

    For 2022, Governmental Employees's most frequently originated type of loan was Conventional, with 171 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 84 $8,330,000 $99,167 $0 0.00%
    Home Improvement 52 $3,740,000 $71,923 $0 0.00%
    Refi 22 $2,820,000 $128,182 $0 0.00%
    Home Purchase 13 $2,915,000 $224,231 $0 0.00%

    For 2022, Governmental Employees's most frequently cited loan purpose was Cash Out Refi, with 84 originations. The 2nd most popular reason was Home Improvement, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 171 $17,805,000 $104,123 $0 0.00%

    For 2022, Governmental Employees's most frequently cited loan duration was Other, with 171 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 103 $4,575,000 $44,417 $0 0.00%
    $100k-200k 48 $7,110,000 $148,125 $0 0.00%
    $200k-400k 17 $4,605,000 $270,882 $0 0.00%
    $400k-600k 3 $1,515,000 $505,000 $0 0.00%

    2022 saw Governmental Employees place emphasis on $100,000 or less loans with 103 originations, totaling $4,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 42 $4,350,000 $103,571 $0 0.00%
    $100k-150k 41 $3,825,000 $93,293 $0 0.00%
    $75k-100k 35 $3,905,000 $111,571 $0 0.00%
    $50k or less 29 $2,565,000 $88,448 $0 0.00%
    $150k-250k 19 $1,855,000 $97,632 $0 0.00%
    $250k+ 5 $1,305,000 $261,000 $0 0.00%

    Governmental Employees lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $100k-150k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 171 $17,805,000 $104,123 $0 0.00%

    Governmental Employees lent most frequently to those with DTI ratios of Exempt%, with 171 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $17,645,000 $104,408 $0 0.00%
    Not provided 2 $160,000 $80,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.43%

    Governmental Employees 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
    98.83%

    Governmental Employees has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 171 $17,805,000 $104,123

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    171 $17,805,000 $104,123