Dmb Community Bank Mortgage Rates, Fees & Info

DeForest, WI

LEI: 549300LC0BP2X1F6BE13

Tax ID: 39-0238020

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
  • 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

    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: Madison, Milwaukee, Eau Claire, Racine, and Beaver Dam among others. We have data for 13 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. Dmb Community 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.

    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% 12/16/24
    30 Year Conventional Refi 5.98% 12/16/24
    30 Year Cash-out Refi 6.24% 12/16/24
    15 Year Conventional Purchase 6.74% 12/16/24
    15 Year Conventional Refi 6.36% 12/16/24
    15 Year Cash-out Refi 6.36% 12/16/24
    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

    162

    Origination Dollar Volume (All Markets)

    $232,650,000

    Awards

    DMB Community Bank 30 Year Conventional Loans gold DMB Community Bank 30 Year Conventional Loans gold
    Show all (2) 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
    MADISON, WI (FHA|USDA|VA) 123 $113,395,000 $921,911 $1,665 4.25%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 22 $96,320,000 $4,378,182 $1,305 4.03%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $10,805,000 $10,805,000 $0 3.37%
    Outside of Metro Areas 3 $4,685,000 $1,561,667 $1,628 4.33%
    RACINE, WI (FHA|USDA|VA) 2 $3,760,000 $1,880,000 $0 3.25%
    Beaver Dam, WI (FHA|USDA|VA) 2 $1,120,000 $560,000 $1,390 4.06%
    Manitowoc, WI (FHA|USDA|VA) 1 $885,000 $885,000 $0 3.30%
    Baraboo, WI (FHA|USDA|VA) 3 $545,000 $181,667 $2,113 4.65%
    Stevens Point, WI (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.50%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,006 5.25%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.25%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.13%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.50%
    Dmb Community Bank's top markets include Madison, Milwaukee, Eau Claire, Racine, and Beaver Dam 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.

    Landmark Credit Union
    Similarity Rank: 156
    Hometown Bank
    Similarity Rank: 323
    Farmers & Merchants State Bank
    Similarity Rank: 338
    Bank of Sun Prairie
    Similarity Rank: 390
    Bank of Deerfield
    Similarity Rank: 403
    State Bank of Cross Plains
    Similarity Rank: 414
    Starion Bank
    Similarity Rank: 418
    The Park Bank
    Similarity Rank: 484
    DMB Community Bank
    Similarity Rank: 559
    Monona Bank
    Similarity Rank: 611

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 162 $232,650,000 $1,436,111 $1,666 4.23%

    For 2022, Dmb Community Bank's most frequently originated type of loan was Conventional, with 162 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $88,800,000 $1,305,882 $2,143 4.66%
    Cash Out Refi 62 $125,320,000 $2,021,290 $1,427 3.70%
    Refi 20 $16,460,000 $823,000 $1,125 4.13%
    Other 7 $1,115,000 $159,286 $1,105 4.61%
    Home Improvement 5 $955,000 $191,000 $1,006 4.95%

    For 2022, Dmb Community Bank's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $156,920,000 $2,451,875 $1,344 4.20%
    30 Year 42 $9,350,000 $222,619 $1,869 4.85%
    5 Year 41 $41,525,000 $1,012,805 $0 3.86%
    15 Year 9 $1,595,000 $177,222 $1,483 3.85%
    10 Year 6 $23,260,000 $3,876,667 $1,599 3.31%

    For 2022, Dmb Community Bank's most frequently cited loan duration was Other, with 64 originations. The 2nd most popular length was 30 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 69 $14,385,000 $208,478

    Dmb Community Bank's average total fees were $1,869, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 69 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 74 $110,490,000 $1,493,108
    4-5% 40 $88,580,000 $2,214,500
    5-6% 23 $4,175,000 $181,522
    2.5-3% 13 $25,745,000 $1,980,385
    6-7% 9 $3,325,000 $369,444
    7-8% 2 $180,000 $90,000
    <2.5% 1 $155,000 $155,000

    During 2022, Dmb Community Bank's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 3-4%, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 41 $195,865,000 $4,777,195 $0 3.78%
    $100k-200k 40 $5,970,000 $149,250 $1,663 4.31%
    $200k-400k 39 $10,535,000 $270,128 $1,880 4.43%
    $400k-600k 16 $7,730,000 $483,125 $1,262 3.84%
    $600k-1MM 16 $12,000,000 $750,000 $2,552 4.46%
    $100,000 or less 10 $550,000 $55,000 $654 5.26%

    2022 saw Dmb Community Bank place emphasis on $1MM+ loans with 41 originations, totaling $195,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 18 $3,700,000 $205,556 $1,586 4.96%
    $75k-100k 14 $3,110,000 $222,143 $1,782 4.62%
    $50k-75k 11 $1,955,000 $177,727 $1,800 4.69%
    $250k+ 10 $3,090,000 $309,000 $1,550 4.66%
    $50k or less 10 $1,570,000 $157,000 $1,411 3.93%
    $150k-250k 9 $2,355,000 $261,667 $2,112 4.94%

    Dmb Community Bank lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $3,340,000 $185,556 $1,700 4.63%
    <20% 8 $1,240,000 $155,000 $1,248 4.91%
    30-36% 7 $2,175,000 $310,714 $2,083 5.13%
    39% 6 $1,280,000 $213,333 $1,907 4.71%
    41% 4 $610,000 $152,500 $1,712 5.25%
    48% 4 $1,280,000 $320,000 $2,024 5.78%
    42% 3 $595,000 $198,333 $2,406 4.50%
    36% 3 $355,000 $118,333 $1,406 5.25%
    37% 3 $645,000 $215,000 $1,619 3.75%
    43% 3 $535,000 $178,333 $0 5.96%
    50-60% 3 $675,000 $225,000 $1,443 3.75%
    47% 2 $620,000 $310,000 $1,205 4.69%
    46% 2 $460,000 $230,000 $1,542 3.31%
    38% 2 $340,000 $170,000 $1,381 3.25%
    >60% 2 $420,000 $210,000 $965 4.00%
    45% 1 $135,000 $135,000 $1,604 3.00%
    40% 1 $145,000 $145,000 $2,200 3.50%
    44% 1 $185,000 $185,000 $505 3.75%

    Dmb Community Bank lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 82 $215,280,000 $2,625,366 $0 3.86%
    White 64 $13,450,000 $210,156 $1,584 4.65%
    Not provided 15 $3,325,000 $221,667 $1,960 4.59%
    Black 1 $595,000 $595,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    88.70%

    Dmb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.37%

    Dmb Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 162 $232,650,000 $1,436,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    162 $232,650,000 $1,436,111

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $4,940,000 $247,000 $1,276 4.19%
    40-60% 28 $19,810,000 $707,500 $1,541 3.74%
    60-80% 72 $145,710,000 $2,023,750 $1,938 4.17%
    80-100% 35 $61,855,000 $1,767,286 $2,052 4.49%
    Under 20% 7 $335,000 $47,857 $528 5.61%