Dmb Community Bank Mortgage Rates, Fees & Info

DeForest, WI

LEI: 549300LC0BP2X1F6BE13

Tax ID: 39-0238020

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Mortgage Data

Review & Overview

Dmb Community Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Dmb Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Madison, Wausau, and Baraboo among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Dmb Community 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.

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
30 Year Conventional Purchase 6.28% 10/7/24
30 Year Conventional Refi 5.98% 10/7/24
30 Year Cash-out Refi 6.24% 10/7/24
15 Year Conventional Purchase 6.74% 10/7/24
15 Year Conventional Refi 6.36% 10/7/24
15 Year Cash-out Refi 6.36% 10/7/24
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.

Dmb Community Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Dmb Community Bank. 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

79

Origination Dollar Volume (All Markets)

$100,285,000

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
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 7 $57,125,000 $8,160,714 $0 0.00%
RACINE, WI (FHA|USDA|VA) 2 $18,130,000 $9,065,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 52 $16,820,000 $323,462 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 2 $4,240,000 $2,120,000 $0 0.00%
Outside of Metro Areas 10 $2,960,000 $296,000 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 4 $580,000 $145,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Dmb Community Bank's top markets include Milwaukee, Racine, Madison, Wausau, and Baraboo among others.

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

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

    Starion Bank
    Similarity Rank: 147
    Bank of Sun Prairie
    Similarity Rank: 270
    Heartland Credit Union (Madison)
    Similarity Rank: 270
    Mound City Bank
    Similarity Rank: 286
    State Bank of Cross Plains
    Similarity Rank: 364
    The Park Bank
    Similarity Rank: 396
    Settlers Bank
    Similarity Rank: 490
    Oregon Community Bank
    Similarity Rank: 767
    The Bank of New Glarus
    Similarity Rank: 820

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $100,285,000 $1,269,430 $0 0.00%

    For 2023, Dmb Community Bank's most frequently originated type of loan was Conventional, with 79 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $24,800,000 $563,636 $0 0.00%
    Cash Out Refi 14 $73,090,000 $5,220,714 $0 0.00%
    Other 9 $815,000 $90,556 $0 0.00%
    Refi 7 $1,235,000 $176,429 $0 0.00%
    Home Improvement 5 $345,000 $69,000 $0 0.00%

    For 2023, Dmb Community Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 79 $100,285,000 $1,269,430 $0 0.00%

    For 2023, Dmb Community Bank's most frequently cited loan duration was Other, with 79 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 24 $6,700,000 $279,167 $0 0.00%
    $100k-200k 15 $2,425,000 $161,667 $0 0.00%
    $100,000 or less 14 $680,000 $48,571 $0 0.00%
    $1MM+ 14 $83,670,000 $5,976,429 $0 0.00%
    $400k-600k 9 $4,595,000 $510,556 $0 0.00%
    $600k-1MM 3 $2,215,000 $738,333 $0 0.00%

    2023 saw Dmb Community Bank place emphasis on $200k-400k loans with 24 originations, totaling $6,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $4,170,000 $297,857 $0 0.00%
    $150k-250k 12 $2,770,000 $230,833 $0 0.00%
    $50k-75k 7 $695,000 $99,286 $0 0.00%
    $75k-100k 7 $1,325,000 $189,286 $0 0.00%
    $250k+ 3 $535,000 $178,333 $0 0.00%
    $50k or less 2 $100,000 $50,000 $0 0.00%

    Dmb Community Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 79 $100,285,000 $1,269,430 $0 0.00%

    Dmb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 25 $87,605,000 $3,504,200 $0 0.00%
    White 48 $11,230,000 $233,958 $0 0.00%
    Not provided 4 $1,370,000 $342,500 $0 0.00%
    American Indian 2 $80,000 $40,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.36%

    Dmb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    55.70%

    Dmb Community Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 79 $100,285,000 $1,269,430

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    79 $100,285,000 $1,269,430