Fox River State Bank Mortgage Rates, Fees & Info

Burlington, WI

LEI: 549300KZG9TK7W7BIM68

Tax ID: 05-0574417

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

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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

    Fox River State Bank is a smaller bank specializing in Home Purchase and Refi loans. Fox River State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Whitewater, Racine, Chicago, Shawano, and Watertown among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fox River State Bank 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. Fox River State Bank 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.

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    Originations

    72

    Origination Dollar Volume (All Markets)

    $14,640,000

    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
    Whitewater, WI (FHA|USDA|VA) 39 $8,395,000 $215,256 $4,400 4.93%
    RACINE, WI (FHA|USDA|VA) 24 $4,450,000 $185,417 $4,299 5.06%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $555,000 $185,000 $2,710 4.38%
    Shawano, WI (FHA|USDA|VA) 1 $285,000 $285,000 $5,586 3.88%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,418 4.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $195,000 $195,000 $3,737 4.50%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $185,000 $185,000 $3,634 5.25%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $1,465 4.50%
    GREEN BAY, WI (FHA|USDA|VA) 1 $145,000 $145,000 $2,106 4.88%
    Fox River State Bank's top markets include Whitewater, Racine, Chicago, Shawano, and Watertown among others.

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

    • Similar Lenders

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

    Landmark Credit Union
    Similarity Rank: 144
    The First National Bank and Trust Company
    Similarity Rank: 187
    Summit Credit Union
    Similarity Rank: 259
    University of Wisconsin Credit Union
    Similarity Rank: 324
    WISCONSIN MORTGAGE CORPORATION
    Similarity Rank: 384
    Blackhawk Community Credit Union
    Similarity Rank: 406
    Fox River State Bank
    Similarity Rank: 432
    Home State Bank
    Similarity Rank: 620
    Associated Bank
    Similarity Rank: 1560
    Johnson Bank
    Similarity Rank: 1792

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $14,640,000 $203,333 $4,165 4.93%

    For 2018, Fox River State Bank's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $5,540,000 $184,667 $4,274 4.88%
    Refi 23 $4,975,000 $216,304 $3,490 4.69%
    Cash Out Refi 12 $2,770,000 $230,833 $5,721 5.20%
    NA 5 $1,085,000 $217,000 $0 5.85%
    Home Improvement 2 $270,000 $135,000 $1,913 4.31%

    For 2018, Fox River State Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 34 $6,570,000 $193,235 $3,952 4.85%
    Other 16 $3,120,000 $195,000 $4,602 5.10%
    5 Year 13 $3,055,000 $235,000 $5,389 5.15%
    15 Year 6 $1,280,000 $213,333 $2,875 4.13%
    3 Year 2 $370,000 $185,000 $0 5.88%
    20 Year 1 $245,000 $245,000 $2,915 4.63%

    For 2018, Fox River State Bank's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was Other, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3 $265,000 $88,333
    $1k-2k 1 $125,000 $125,000

    Fox River State Bank's average total fees were $3,952, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 46 $9,300,000 $202,174
    5-6% 21 $4,515,000 $215,000
    6-7% 3 $405,000 $135,000
    3-4% 2 $420,000 $210,000

    During 2018, Fox River State Bank's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 4-5%, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 29 $7,705,000 $265,690 $4,742 4.88%
    $100k-200k 27 $4,045,000 $149,815 $3,865 5.02%
    $100,000 or less 12 $850,000 $70,833 $2,930 4.83%
    $400k-600k 3 $1,435,000 $478,333 $6,856 5.04%
    $600k-1MM 1 $605,000 $605,000 $6,691 4.50%

    2018 saw Fox River State Bank place emphasis on $200k-400k loans with 29 originations, totaling $7,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 15 $4,105,000 $273,667 $4,914 4.88%
    $50k-75k 13 $2,245,000 $172,692 $3,208 4.68%
    $100k-150k 11 $2,125,000 $193,182 $5,168 4.88%
    $50k or less 9 $895,000 $99,444 $3,434 4.76%
    $75k-100k 8 $1,690,000 $211,250 $4,188 4.97%
    $250k+ 5 $1,145,000 $229,000 $3,779 4.63%

    Fox River State Bank lent most frequently to those with incomes in the $150k-250k range, with 15 originations. The second most popular income band? $50k-75k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 17 $3,615,000 $212,647 $3,694 4.58%
    30-36% 13 $2,055,000 $158,077 $3,343 4.86%
    <20% 7 $1,355,000 $193,571 $4,728 4.67%
    40% 3 $765,000 $255,000 $5,889 5.08%
    36% 3 $565,000 $188,333 $5,733 4.83%
    37% 3 $435,000 $145,000 $4,050 5.04%
    39% 2 $480,000 $240,000 $5,525 4.75%
    38% 2 $270,000 $135,000 $4,548 4.94%
    41% 2 $260,000 $130,000 $4,154 5.06%
    42% 2 $300,000 $150,000 $2,192 4.81%
    43% 2 $460,000 $230,000 $2,970 5.06%
    46% 2 $730,000 $365,000 $8,848 5.88%
    50-60% 2 $310,000 $155,000 $3,014 4.70%
    >60% 1 $605,000 $605,000 $6,691 4.50%

    Fox River State Bank lent most frequently to those with DTI ratios of 20-30%, with 17 originations. The next most common DTI ratio? 30-36%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 60 $11,840,000 $197,333 $4,224 4.82%
    Not applicable 10 $2,310,000 $231,000 $0 5.65%
    Not provided 2 $490,000 $245,000 $2,394 4.56%

    Approval Rates

    Total approvals of all applications
    88.42%

    Fox River State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Fox River State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 72 $14,640,000 $203,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $985,000 $328,333
    Single Family (1-4 Units):Site-Built 69 $13,655,000 $197,899

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $355,000 $118,333 $3,915 5.26%
    40-60% 13 $2,935,000 $225,769 $4,997 4.89%
    60-80% 35 $6,525,000 $186,429 $3,854 4.97%
    80-100% 17 $3,565,000 $209,706 $4,010 4.74%
    Over 100% 2 $880,000 $440,000 $6,691 4.88%
    Under 20% 2 $380,000 $190,000 $4,979 5.63%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Fay Servicing, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 1.3%
    Fay Servicing, LLC Conventional home mortgage Closing on a mortgage 2 0.9%
    Fay Servicing, LLC Conventional home mortgage Incorrect information on your report 3 1.3%
    Fay Servicing, LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.4%
    Fay Servicing, LLC Conventional home mortgage Struggling to pay mortgage 106 45.1%
    Fay Servicing, LLC Conventional home mortgage Trouble during payment process 59 25.1%
    Fay Servicing, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.9%
    Fay Servicing, LLC FHA mortgage Struggling to pay mortgage 14 6.0%
    Fay Servicing, LLC FHA mortgage Trouble during payment process 6 2.6%
    Fay Servicing, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 1.3%
    Fay Servicing, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 5 2.1%
    Fay Servicing, LLC Other type of mortgage Struggling to pay mortgage 10 4.3%
    Fay Servicing, LLC Other type of mortgage Trouble during payment process 19 8.1%
    Fay Servicing, LLC VA mortgage Struggling to pay mortgage 1 0.4%
    Fay Servicing, LLC VA mortgage Trouble during payment process 1 0.4%