Landmark Credit Union Mortgage Rates, Fees & Info

New Berlin, WI

LEI: 549300KY533JFETOYG46

Tax ID: 39-0203995

5 stars - Updated: 11/17/24 - out of 5 stars, based on 80 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Landmark Credit Union is a smaller credit union specializing in Home Improvement and Home Purchase loans. Landmark Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Beaver Dam, Watertown, and Madison among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Landmark Credit Union has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Landmark Credit Union 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 relatively high 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 2.93% 11/17/24
    30 Year Conventional Purchase 6.54% 11/17/24
    30 Year Conventional Refi 6.44% 11/17/24
    30 Year Cash-out Refi 6.54% 11/17/24
    15 Year Conventional Purchase 6.29% 11/17/24
    15 Year Conventional Refi 6.01% 11/17/24
    15 Year Cash-out Refi 6.01% 11/17/24
    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.

    Landmark Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Landmark Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    6,442

    Origination Dollar Volume (All Markets)

    $824,130,000
    Show all (14) awards

    Relative Rate

    Landmark Credit Union's average 30 year fixed mortgage rate was 6.6%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.12%.

    Relative Fees (Closing Costs)

    Landmark Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,057.

    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 $9,089.

    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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4,953 $612,295,000 $123,621 $1,277 6.11%
    RACINE, WI (FHA|USDA|VA) 521 $59,365,000 $113,944 $1,242 6.39%
    Beaver Dam, WI (FHA|USDA|VA) 268 $27,170,000 $101,381 $1,328 6.21%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 145 $20,015,000 $138,034 $1,072 6.13%
    MADISON, WI (FHA|USDA|VA) 96 $18,050,000 $188,021 $1,288 6.34%
    SHEBOYGAN, WI (FHA|USDA|VA) 42 $17,730,000 $422,143 $1,291 6.36%
    Whitewater, WI (FHA|USDA|VA) 112 $14,220,000 $126,964 $1,253 6.25%
    Outside of Metro Areas 80 $13,190,000 $164,875 $1,852 6.55%
    FOND DU LAC, WI (FHA|USDA|VA) 47 $11,735,000 $249,681 $1,735 6.01%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 92 $9,300,000 $101,087 $1,098 6.29%
    APPLETON, WI (FHA|USDA|VA) 14 $5,920,000 $422,857 $1,566 6.56%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 15 $5,455,000 $363,667 $1,313 5.87%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 18 $2,500,000 $138,889 $1,911 6.42%
    GREEN BAY, WI (FHA|USDA|VA) 10 $1,850,000 $185,000 $2,652 6.95%
    Shawano, WI (FHA|USDA|VA) 3 $1,675,000 $558,333 $1,977 6.64%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 4 $920,000 $230,000 $2,275 6.28%
    Marinette, WI-MI (FHA|USDA|VA) 6 $770,000 $128,333 $2,350 6.97%
    Manitowoc, WI (FHA|USDA|VA) 3 $555,000 $185,000 $1,985 7.54%
    Baraboo, WI (FHA|USDA|VA) 5 $485,000 $97,000 $1,032 7.57%
    Stevens Point, WI (FHA|USDA|VA) 3 $335,000 $111,667 $2,003 5.49%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $180,000 $90,000 $2,208 8.25%
    Menomonie, WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,434 5.75%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,977 5.88%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.50%
    Landmark Credit Union's top markets include Milwaukee, Racine, Beaver Dam, Watertown, and Madison among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Landmark Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    UNITEDONE Credit Union
    Similarity Rank: 18
    PCM
    Similarity Rank: 32
    Fox Valley Savings Bank
    Similarity Rank: 33
    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Glacier Hills Credit Union
    Similarity Rank: 54
    CAPITAL Credit Union
    Similarity Rank: 108
    PremierBank
    Similarity Rank: 143
    Starion Bank
    Similarity Rank: 147
    FOX COMMUNITIES
    Similarity Rank: 162

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 4,293 $373,355,000 $86,968 n/a 5.72%
    Conventional 2,149 $450,775,000 $209,760 $1,298 7.03%

    For 2023, Landmark Credit Union's most frequently originated type of loan was HELOC, with 4,293 originations. Their 2nd most popular type was Conventional, with 2,149 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 2,888 $216,210,000 $74,865 $12 5.94%
    Home Purchase 1,300 $393,000,000 $302,308 $2,068 6.54%
    Other 1,143 $86,485,000 $75,665 $100 6.44%
    Cash Out Refi 735 $83,415,000 $113,490 $1,402 6.17%
    Refi 376 $45,020,000 $119,734 $905 5.67%

    For 2023, Landmark Credit Union's most frequently cited loan purpose was Home Improvement, with 2,888 originations. The 2nd most popular reason was Home Purchase, with 1,300 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 4,465 $381,405,000 $85,421 $21 5.79%
    30 Year 1,170 $305,260,000 $260,906 $2,057 6.60%
    5 Year 298 $93,470,000 $313,658 $11 6.84%
    10 Year 247 $13,845,000 $56,053 $82 8.09%
    15 Year 171 $17,345,000 $101,433 $679 7.92%
    20 Year 87 $11,345,000 $130,402 $1,289 8.00%
    1 Year 2 $1,020,000 $510,000 $0 7.50%
    3 Year 2 $440,000 $220,000 $0 7.92%

    For 2023, Landmark Credit Union's most frequently cited loan duration was Other, with 4,465 originations. The 2nd most popular length was 30 Year, with 1,170 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,896 $328,840,000 $173,439
    $1k-2k 91 $19,245,000 $211,484
    $2k-3k 30 $5,780,000 $192,667
    $3k-4k 17 $4,295,000 $252,647
    $4k-5k 9 $2,725,000 $302,778
    $5k+ 5 $1,625,000 $325,000

    Landmark Credit Union's average total fees were $2,057, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,896 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 1,786 $214,090,000 $119,871
    3-4% 1,478 $130,640,000 $88,390
    4-5% 1,136 $101,360,000 $89,225
    6-7% 742 $172,100,000 $231,941
    5-6% 665 $164,885,000 $247,947
    Over 8% 632 $40,280,000 $63,734
    <2.5% 2 $440,000 $220,000
    % 1 $335,000 $335,000

    During 2023, Landmark Credit Union's average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was 7-8%, with 1,786 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,804 $197,510,000 $51,922 $303 6.22%
    $100k-200k 1,503 $199,785,000 $132,924 $1,745 5.92%
    $200k-400k 894 $244,070,000 $273,009 $2,085 6.25%
    $400k-600k 161 $76,185,000 $473,199 $2,036 6.35%
    $600k-1MM 51 $35,995,000 $705,784 $2,507 6.61%
    $1MM+ 29 $70,585,000 $2,433,966 $2,674 6.28%

    2023 saw Landmark Credit Union place emphasis on $100,000 or less loans with 3,804 originations, totaling $197,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,727 $200,705,000 $116,216 $1,156 6.19%
    $150k-250k 1,279 $184,915,000 $144,578 $1,333 6.07%
    $50k-75k 1,259 $114,335,000 $90,814 $1,383 6.16%
    $75k-100k 1,146 $120,300,000 $104,974 $1,304 6.28%
    $50k or less 516 $35,790,000 $69,360 $1,371 6.30%
    $250k+ 381 $76,605,000 $201,063 $1,543 5.72%

    Landmark Credit Union lent most frequently to those with incomes in the $100k-150k range, with 1,727 originations. The second most popular income band? $150k-250k, with 1,279 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,556 $159,030,000 $102,204 $1,146 6.00%
    30-36% 1,170 $130,810,000 $111,803 $1,298 6.21%
    <20% 731 $65,425,000 $89,501 $943 5.69%
    49% 324 $33,640,000 $103,827 $1,072 6.36%
    36% 213 $28,295,000 $132,840 $1,531 6.40%
    41% 212 $31,430,000 $148,255 $1,610 6.31%
    42% 203 $28,095,000 $138,399 $1,435 6.42%
    39% 201 $27,025,000 $134,453 $1,430 6.45%
    40% 192 $25,750,000 $134,115 $1,519 6.56%
    38% 192 $26,890,000 $140,052 $1,357 6.16%
    43% 184 $26,100,000 $141,848 $1,448 6.35%
    37% 184 $23,020,000 $125,109 $1,307 6.41%
    44% 177 $23,825,000 $134,605 $1,487 6.28%
    46% 167 $22,285,000 $133,443 $1,417 6.77%
    48% 162 $21,550,000 $133,025 $1,284 6.43%
    47% 152 $19,520,000 $128,421 $1,530 6.20%
    50-60% 147 $18,345,000 $124,796 $726 5.65%
    45% 146 $18,020,000 $123,425 $1,055 6.46%
    >60% 36 $6,480,000 $180,000 $684 5.16%

    Landmark Credit Union lent most frequently to those with DTI ratios of 20-30%, with 1,556 originations. The next most common DTI ratio? 30-36%, with 1,170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,729 $656,955,000 $114,672 $1,268 6.13%
    Not applicable 89 $83,525,000 $938,483 $0 6.47%
    Not provided 270 $40,700,000 $150,741 $1,539 6.26%
    Asian 107 $17,595,000 $164,439 $1,593 6.30%
    Black 176 $14,900,000 $84,659 $1,365 6.89%
    American Indian 39 $4,565,000 $117,051 $1,160 6.43%
    Asian Indian 16 $4,120,000 $257,500 $1,919 5.65%
    Native Hawaiian or Islander 6 $640,000 $106,667 $0 4.83%
    Other Asian 5 $615,000 $123,000 $2,313 5.99%
    Filipino 3 $395,000 $131,667 $0 8.00%
    Other Pacific Islander 2 $120,000 $60,000 $0 9.22%

    Approval Rates

    Total approvals of all applications
    85.90%

    Landmark Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.89%

    Landmark Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 10 $550,000 $55,000
    NA 6,432 $823,580,000 $128,044

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    6,442 $824,130,000 $127,931

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,788 $178,290,000 $99,715 $649 5.93%
    40-60% 569 $112,835,000 $198,304 $1,738 6.01%
    60-80% 657 $204,475,000 $311,225 $2,164 6.41%
    80-100% 672 $190,280,000 $283,155 $2,021 6.55%
    Under 20% 2,756 $138,250,000 $50,163 $21 6.19%