Landmark Credit Union Mortgage Rates, Fees & Info

New Berlin, WI

LEI: 549300KY533JFETOYG46

Tax ID: 39-0203995

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 small credit union specializing in Home Purchase and Refi loans. Landmark Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Beaver Dam, Watertown, and Whitewater among others. We have data for 23 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 about average 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% 4/21/24
    30 Year Conventional Purchase 6.54% 4/21/24
    30 Year Conventional Refi 6.44% 4/21/24
    30 Year Cash-out Refi 6.54% 4/21/24
    15 Year Conventional Purchase 6.29% 4/21/24
    15 Year Conventional Refi 6.01% 4/21/24
    15 Year Cash-out Refi 6.01% 4/21/24
    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

    8,743

    Origination Dollar Volume (All Markets)

    $1,262,665,000
    Show all (18) awards

    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) 6,879 $990,925,000 $144,051 $1,114 3.32%
    RACINE, WI (FHA|USDA|VA) 612 $78,370,000 $128,056 $995 3.35%
    Beaver Dam, WI (FHA|USDA|VA) 344 $39,080,000 $113,605 $1,068 3.35%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 217 $26,755,000 $123,295 $1,097 3.30%
    Whitewater, WI (FHA|USDA|VA) 173 $23,575,000 $136,272 $1,151 3.30%
    MADISON, WI (FHA|USDA|VA) 84 $20,470,000 $243,690 $1,039 3.47%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 133 $16,335,000 $122,820 $1,274 3.40%
    Baraboo, WI (FHA|USDA|VA) 8 $15,170,000 $1,896,250 $1,744 3.50%
    Outside of Metro Areas 86 $11,250,000 $130,814 $1,496 3.80%
    APPLETON, WI (FHA|USDA|VA) 13 $8,965,000 $689,615 $1,146 3.78%
    SHEBOYGAN, WI (FHA|USDA|VA) 52 $7,350,000 $141,346 $1,143 3.47%
    FOND DU LAC, WI (FHA|USDA|VA) 58 $7,270,000 $125,345 $1,124 3.45%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 14 $6,270,000 $447,857 $1,139 4.15%
    GREEN BAY, WI (FHA|USDA|VA) 22 $4,930,000 $224,091 $1,564 3.45%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 17 $1,635,000 $96,176 $1,619 3.44%
    Stevens Point, WI (FHA|USDA|VA) 3 $1,195,000 $398,333 $1,543 3.94%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 9 $1,125,000 $125,000 $1,807 3.55%
    Shawano, WI (FHA|USDA|VA) 4 $800,000 $200,000 $1,548 3.70%
    Marinette, WI-MI (FHA|USDA|VA) 7 $605,000 $86,429 $1,376 4.22%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $245,000 $81,667 $0 2.32%
    Manitowoc, WI (FHA|USDA|VA) 3 $165,000 $55,000 $797 3.16%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $135,000 $135,000 $1,785 3.44%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $45,000 $45,000 $1,733 3.13%
    Landmark Credit Union's top markets include Milwaukee, Racine, Beaver Dam, Watertown, and Whitewater among others.

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

    AppleTree Credit Union
    Similarity Rank: 8
    FOX COMMUNITIES
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    Fox Valley Savings Bank
    Similarity Rank: 84
    Liberty Bank for Savings
    Similarity Rank: 85
    CAPITAL Credit Union
    Similarity Rank: 112
    NORTHWESTERN MUTUAL
    Similarity Rank: 117
    Empower Credit Union
    Similarity Rank: 144
    UNITEDONE Credit Union
    Similarity Rank: 165
    UNISON CREDIT UNION
    Similarity Rank: 216
    First Community Credit Union
    Similarity Rank: 290

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,451 $1,021,045,000 $187,313 $1,116 3.94%
    HELOC 3,292 $241,620,000 $73,396 n/a 2.33%

    For 2019, Landmark Credit Union's most frequently originated type of loan was Conventional, with 5,451 originations. Their 2nd most popular type was HELOC, with 3,292 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,436 $547,160,000 $224,614 $1,473 3.97%
    Cash Out Refi 2,065 $238,535,000 $115,513 $1,066 3.22%
    Home Improvement 1,858 $116,250,000 $62,567 $376 2.66%
    Refi 1,747 $270,735,000 $154,971 $707 3.28%
    Other 637 $89,985,000 $141,264 $1,225 3.38%

    For 2019, Landmark Credit Union's most frequently cited loan purpose was Home Purchase, with 2,436 originations. The 2nd most popular reason was Cash Out Refi, with 2,065 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 3,666 $278,070,000 $75,851 $74 2.47%
    30 Year 2,965 $602,075,000 $203,061 $1,447 4.01%
    15 Year 803 $132,885,000 $165,486 $1,314 3.60%
    10 Year 693 $60,045,000 $86,645 $275 3.88%
    5 Year 330 $133,180,000 $403,576 $87 4.41%
    20 Year 270 $48,930,000 $181,222 $1,311 4.04%
    3 Year 15 $7,195,000 $479,667 $150 4.55%
    30+ year 1 $285,000 $285,000 $2,013 3.19%

    For 2019, Landmark Credit Union's most frequently cited loan duration was Other, with 3,666 originations. The 2nd most popular length was 30 Year, with 2,965 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 5,273 $876,675,000 $166,257
    $1k-2k 15 $3,495,000 $233,000
    $2k-3k 6 $1,150,000 $191,667
    $3k-4k 5 $915,000 $183,000
    $4k-5k 3 $775,000 $258,333
    $5k+ 1 $425,000 $425,000

    Landmark Credit Union's average total fees were $1,447, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,273 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,089 $622,625,000 $201,562
    <2.5% 2,531 $187,405,000 $74,044
    4-5% 1,874 $337,450,000 $180,069
    2.5-3% 946 $91,510,000 $96,734
    5-6% 152 $15,960,000 $105,000
    6-7% 102 $4,490,000 $44,020
    7-8% 24 $1,330,000 $55,417
    Over 8% 18 $700,000 $38,889
    % 7 $1,195,000 $170,714

    During 2019, Landmark Credit Union's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 3-4%, with 3,089 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,913 $198,365,000 $50,694 $578 3.06%
    $100k-200k 2,888 $413,170,000 $143,064 $1,257 3.45%
    $200k-400k 1,683 $443,455,000 $263,491 $1,381 3.70%
    $400k-600k 183 $83,055,000 $453,852 $1,592 3.72%
    $600k-1MM 42 $31,650,000 $753,571 $1,950 4.08%
    $1MM+ 34 $92,970,000 $2,734,412 $0 4.20%

    2019 saw Landmark Credit Union place emphasis on $100,000 or less loans with 3,913 originations, totaling $198,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,204 $323,590,000 $146,819 $1,078 3.24%
    $50k-75k 2,016 $230,810,000 $114,489 $1,115 3.44%
    $75k-100k 1,683 $221,745,000 $131,756 $1,125 3.33%
    $50k or less 1,347 $119,165,000 $88,467 $1,180 3.52%
    $150k-250k 1,090 $176,290,000 $161,734 $1,063 3.06%
    $250k+ 259 $53,895,000 $208,089 $1,246 2.97%

    Landmark Credit Union lent most frequently to those with incomes in the $100k-150k range, with 2,204 originations. The second most popular income band? $50k-75k, with 2,016 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,517 $311,545,000 $123,776 $1,048 3.26%
    30-36% 1,740 $245,800,000 $141,264 $1,145 3.49%
    <20% 1,119 $115,285,000 $103,025 $745 3.00%
    36% 297 $41,315,000 $139,108 $1,186 3.55%
    41% 289 $45,255,000 $156,592 $1,223 3.53%
    42% 288 $41,880,000 $145,417 $1,162 3.54%
    38% 279 $36,855,000 $132,097 $1,202 3.41%
    39% 267 $38,795,000 $145,300 $1,154 3.47%
    40% 254 $34,650,000 $136,417 $1,191 3.54%
    37% 241 $30,255,000 $125,539 $1,111 3.35%
    43% 237 $36,375,000 $153,481 $1,382 3.40%
    49% 229 $26,165,000 $114,258 $1,434 2.91%
    44% 213 $31,025,000 $145,657 $1,411 3.34%
    46% 148 $21,090,000 $142,500 $1,382 3.26%
    48% 147 $22,175,000 $150,850 $1,423 3.33%
    47% 145 $21,545,000 $148,586 $1,427 3.32%
    45% 144 $20,800,000 $144,444 $1,436 3.21%
    50-60% 34 $3,250,000 $95,588 $1,192 2.81%
    >60% 19 $2,205,000 $116,053 $1,306 3.08%

    Landmark Credit Union lent most frequently to those with DTI ratios of 20-30%, with 2,517 originations. The next most common DTI ratio? 30-36%, with 1,740 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7,918 $1,023,400,000 $129,250 $1,105 3.30%
    Not applicable 120 $132,460,000 $1,103,833 $0 4.43%
    Not provided 345 $56,865,000 $164,826 $1,259 3.65%
    Asian 162 $29,050,000 $179,321 $1,255 3.52%
    Black 142 $13,100,000 $92,254 $1,023 3.58%
    American Indian 30 $3,590,000 $119,667 $1,200 3.40%
    Asian Indian 14 $2,790,000 $199,286 $1,483 3.54%
    Other Asian 3 $425,000 $141,667 $1,424 3.36%
    Filipino 3 $355,000 $118,333 $555 2.94%
    Vietnamese 1 $205,000 $205,000 $0 1.99%
    Guamanian 1 $185,000 $185,000 $1,036 3.50%
    Native Hawaiian or Islander 3 $135,000 $45,000 $0 2.32%
    Chinese 1 $105,000 $105,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    83.01%

    Landmark Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.35%

    Landmark Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 8,743 $1,262,665,000 $144,420

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 103 $129,155,000 $1,253,932
    Single Family (1-4 Units):Manufactured 36 $1,610,000 $44,722
    Single Family (1-4 Units):Site-Built 8,604 $1,131,900,000 $131,555

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,704 $143,610,000 $84,278 $482 2.82%
    40-60% 1,178 $186,280,000 $158,132 $930 3.18%
    60-80% 2,157 $499,495,000 $231,569 $1,311 3.74%
    80-100% 1,734 $357,080,000 $205,928 $1,451 3.96%
    Under 20% 1,965 $75,225,000 $38,282 $120 2.87%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Lendmark Financial Services Other type of mortgage Improper use of your report 1 100.0%