Hiawatha National Bank Mortgage Rates, Fees & Info

Hager City, WI

LEI: 549300K3JILC7UMYWR39

Tax ID: 39-0153770

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Mortgage Data

Review & Overview

Hiawatha National Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Hiawatha National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Sheboygan, Eau Claire, Orlando, and Fond Du Lac among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hiawatha National Bank 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

169

Origination Dollar Volume (All Markets)

$45,555,000

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 72 $23,900,000 $331,944 $0 0.00%
Outside of Metro Areas 77 $13,815,000 $179,416 $0 0.00%
SHEBOYGAN, WI (FHA|USDA|VA) 6 $2,840,000 $473,333 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 2 $1,540,000 $770,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
Red Wing, MN (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
Menomonie, WI (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Hiawatha National Bank's top markets include Minneapolis, Sheboygan, Eau Claire, Orlando, and Fond Du Lac among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 169 $45,555,000 $269,556 $0 0.00%

    For 2022, Hiawatha National Bank's most frequently originated type of loan was Conventional, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $25,855,000 $297,184 $0 0.00%
    Cash Out Refi 40 $11,680,000 $292,000 $0 0.00%
    Refi 22 $4,170,000 $189,545 $0 0.00%
    Home Improvement 11 $1,045,000 $95,000 $0 0.00%
    Other 9 $2,805,000 $311,667 $0 0.00%

    For 2022, Hiawatha National Bank's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 169 $45,555,000 $269,556 $0 0.00%

    For 2022, Hiawatha National Bank's most frequently cited loan duration was Other, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $17,390,000 $280,484 $0 0.00%
    $100k-200k 46 $6,790,000 $147,609 $0 0.00%
    $100,000 or less 32 $1,550,000 $48,438 $0 0.00%
    $400k-600k 21 $10,165,000 $484,048 $0 0.00%
    $1MM+ 6 $8,370,000 $1,395,000 $0 0.00%
    $600k-1MM 2 $1,290,000 $645,000 $0 0.00%

    2022 saw Hiawatha National Bank place emphasis on $200k-400k loans with 62 originations, totaling $17,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 46 $10,060,000 $218,696 $0 0.00%
    $50k-75k 33 $4,965,000 $150,455 $0 0.00%
    $150k-250k 29 $9,025,000 $311,207 $0 0.00%
    $75k-100k 19 $3,765,000 $198,158 $0 0.00%
    $50k or less 11 $1,435,000 $130,455 $0 0.00%
    $250k+ 10 $6,310,000 $631,000 $0 0.00%

    Hiawatha National Bank lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 169 $45,555,000 $269,556 $0 0.00%

    Hiawatha National Bank lent most frequently to those with DTI ratios of Exempt%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $30,910,000 $234,167 $0 0.00%
    Not applicable 21 $9,995,000 $475,952 $0 0.00%
    Not provided 14 $3,930,000 $280,714 $0 0.00%
    Black 1 $545,000 $545,000 $0 0.00%
    Native Hawaiian or Islander 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.83%

    Hiawatha National 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
    93.49%

    Hiawatha National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 169 $45,555,000 $269,556

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    169 $45,555,000 $269,556