Landmark Credit Union Mortgage Rates, Fees & Info

New Berlin, WI

LEI: 549300KY533JFETOYG46

Tax ID: 39-0203995

5 stars - out of 5 stars, based on 107 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Landmark Credit Union is a small credit union specializing in Refi, Cash Out Refi, and Home Purchase loans. Landmark Credit Union has a high proportion of conventional loans. Their top markets include Milwaukee, Racine, Beaver Dam, Whitewater, and Watertown among others. Landmark Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Landmark Credit Union is typically a low fee lendor.


Originations

11,459

Origination Dollar Volume (All Markets)

$1,812,875,000
Show all (11) awards

Relative Rate

Landmark Credit Union's average 30 year fixed rate mortgage of loans were 3.11%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.04%.

Relative Fees

Landmark Credit Union's average total fees for a 30 year fixed rate mortgage are $1,799.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 9,101 $1,438,375,000 $158,046 $1,400 2.58%
RACINE, WI (FHA|USDA|VA) 832 $126,580,000 $152,139 $1,334 2.67%
Beaver Dam, WI (FHA|USDA|VA) 391 $57,075,000 $145,972 $1,354 2.62%
Whitewater, WI (FHA|USDA|VA) 236 $37,910,000 $160,636 $1,304 2.70%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 206 $33,070,000 $160,534 $1,365 2.65%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 178 $27,340,000 $153,596 $1,587 2.61%
Outside of Metro Areas 149 $23,455,000 $157,416 $1,690 2.71%
MADISON, WI (FHA|USDA|VA) 109 $23,415,000 $214,817 $1,442 2.80%
GREEN BAY, WI (FHA|USDA|VA) 29 $9,115,000 $314,310 $1,912 2.82%
FOND DU LAC, WI (FHA|USDA|VA) 64 $8,640,000 $135,000 $1,365 2.92%
WAUSAU-WESTON, WI (FHA|USDA|VA) 12 $7,400,000 $616,667 $1,907 3.07%
SHEBOYGAN, WI (FHA|USDA|VA) 54 $6,090,000 $112,778 $1,591 2.73%
APPLETON, WI (FHA|USDA|VA) 15 $2,955,000 $197,000 $1,137 2.91%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 26 $2,450,000 $94,231 $1,481 2.77%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 16 $1,760,000 $110,000 $1,062 3.65%
Shawano, WI (FHA|USDA|VA) 8 $1,450,000 $181,250 $1,617 2.51%
Marinette, WI-MI (FHA|USDA|VA) 12 $1,300,000 $108,333 $1,512 2.97%
Stevens Point, WI (FHA|USDA|VA) 3 $1,255,000 $418,333 $2,163 3.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 7 $1,175,000 $167,857 $1,641 2.66%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $795,000 $265,000 $1,501 2.71%
Manitowoc, WI (FHA|USDA|VA) 4 $590,000 $147,500 $1,041 2.72%
Platteville, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,586 3.13%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $205,000 $205,000 $1,895 3.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,328 2.88%
Baraboo, WI (FHA|USDA|VA) 1 $65,000 $65,000 $100 2.50%

Landmark Credit Union's top markets include Milwaukee, Racine, Beaver Dam, Whitewater, and Watertown among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 11,459 $1,812,875,000 $158,205 $1,401 2.60%

For the 2021 period, Landmark Credit Union's most frequently originated loan type of loans were Conventional, with 11,459 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 4,465 $748,775,000 $167,699 $1,190 2.66%
Home Improvement 2,565 $175,025,000 $68,236 $124 2.12%
Cash Out Refi 2,469 $442,705,000 $179,305 $1,679 2.69%
Home Purchase 1,716 $428,700,000 $249,825 $1,905 3.09%
Other 244 $17,670,000 $72,418 $629 2.29%

For the 2021, Landmark Credit Union's most frequently cited loan purpose of loans were Refi, with 4,465 originations. The 2nd most popular reason of loans were Home Improvement, with 2,565 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 4,565 $409,795,000 $89,769 $62 2.04%
30 Year 3,517 $757,145,000 $215,281 $1,799 3.11%
15 Year 1,697 $294,585,000 $173,592 $1,583 2.53%
20 Year 827 $153,685,000 $185,834 $1,591 2.96%
10 Year 586 $84,680,000 $144,505 $667 3.11%
5 Year 262 $109,770,000 $418,969 $17 3.68%
3 Year 4 $3,010,000 $752,500 $28 3.15%
1 Year 1 $205,000 $205,000 $0 3.25%

For the 2021, Landmark Credit Union's most frequently cited loan length of loans were Other, with 4,565 originations. The 2nd most popular length of loans were 30 Year, with 3,517 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 6,659 $1,141,655,000 $171,445
$1k-2k 850 $178,540,000 $210,047
$2k-3k 139 $35,155,000 $252,914
$3k-4k 33 $11,105,000 $336,515
$5k+ 4 $1,890,000 $472,500

$1,799 of loans were Landmark Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 6,659 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 5,308 $585,520,000 $110,309
2.5-3% 3,653 $704,755,000 $192,925
3-4% 2,166 $501,530,000 $231,547
4-5% 184 $14,760,000 $80,217
5-6% 65 $2,715,000 $41,769
6-7% 64 $2,700,000 $42,188
7-8% 11 $595,000 $54,091
Over 8% 8 $300,000 $37,500

During 2021, Landmark Credit Union's average interest rate of loans were 3.11%, while their most frequently originated rate bucket of loans were <2.5%, with 5,308 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 4,269 $231,405,000 $54,206 $729 2.40%
$100k-200k 4,180 $605,260,000 $144,799 $1,423 2.64%
$200k-400k 2,670 $703,990,000 $263,667 $1,749 2.80%
$400k-600k 244 $114,920,000 $470,984 $2,085 2.94%
$600k-1MM 51 $37,225,000 $729,902 $2,180 3.05%
$1MM+ 45 $120,075,000 $2,668,333 $2,087 3.18%

2021 saw Landmark Credit Union place emphasis on $100,000 or less loans with 4,269 originations, totaling $231,405,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 2,964 $475,940,000 $160,574 $1,398 2.58%
$50k-75k 2,674 $338,670,000 $126,653 $1,414 2.63%
$75k-100k 2,351 $344,485,000 $146,527 $1,414 2.64%
$150k-250k 1,565 $276,125,000 $176,438 $1,394 2.46%
$50k or less 1,356 $132,280,000 $97,552 $1,385 2.68%
$250k+ 369 $79,865,000 $216,436 $1,319 2.29%

Landmark Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2,964 originations. The second most popular income band? $50k-75k, with 2,674 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,586 $518,010,000 $144,453 $1,364 2.57%
30-36% 2,254 $346,270,000 $153,625 $1,490 2.65%
<20% 1,837 $225,495,000 $122,752 $1,117 2.36%
37% 358 $55,360,000 $154,637 $1,431 2.72%
36% 337 $57,335,000 $170,134 $1,494 2.76%
38% 333 $53,395,000 $160,345 $1,515 2.80%
40% 313 $49,275,000 $157,428 $1,595 2.73%
42% 309 $47,065,000 $152,314 $1,423 2.89%
41% 284 $41,310,000 $145,458 $1,423 2.83%
39% 283 $45,505,000 $160,795 $1,419 2.69%
44% 240 $37,230,000 $155,125 $1,690 2.68%
49% 239 $29,625,000 $123,954 $1,479 2.21%
43% 238 $39,200,000 $164,706 $1,673 2.66%
46% 181 $29,655,000 $163,840 $1,641 2.55%
45% 166 $26,350,000 $158,735 $1,619 2.58%
47% 159 $24,655,000 $155,063 $1,484 2.57%
48% 131 $17,795,000 $135,840 $1,476 2.44%
50-60% 26 $3,200,000 $123,077 $814 2.81%
>60% 10 $890,000 $89,000 $44 2.51%

Landmark Credit Union lent most frequently to those with DTI ratios of 20-30%, with 3,586 originations. The next most common DTI ratio? 30-36%, with 2,254 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 10,009 $1,441,235,000 $143,994 $1,380 2.57%
Not applicable 162 $164,440,000 $1,015,062 $0 3.44%
Not provided 785 $140,075,000 $178,439 $1,601 2.73%
Asian 193 $30,445,000 $157,746 $1,367 2.66%
Black 217 $23,305,000 $107,396 $1,425 2.81%
American Indian 66 $9,890,000 $149,848 $1,533 2.87%
Asian Indian 10 $1,710,000 $171,000 $1,192 2.25%
Native Hawaiian 7 $725,000 $103,571 $1,650 2.14%
Filipino 5 $555,000 $111,000 $1,468 2.41%
Chinese 2 $290,000 $145,000 $60 1.92%
Other Asian 1 $105,000 $105,000 $1,743 2.63%
Other Pacific Islander 2 $100,000 $50,000 $0 2.49%

Approval Rates

Total approvals of all applications
82.12%

Landmark Credit Union has a below average approval rate.

Pick Rate

Approvals leading to origination
88.60%

Landmark Credit Union has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 1 $75,000 $75,000
NA 11,458 $1,812,800,000 $158,213

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
11,459 $1,812,875,000 $158,205

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 2,130 $210,880,000 $99,005 $749 2.26%
40-60% 2,496 $432,750,000 $173,377 $1,306 2.60%
60-80% 3,258 $763,490,000 $234,343 $1,648 2.88%
80-100% 1,290 $306,570,000 $237,651 $1,901 3.06%
Under 20% 2,285 $99,185,000 $43,407 $135 2.26%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Landmark Mortgage LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%