The Peshtigo National Bank Mortgage Rates, Fees & Info

PESHTIGO, WI

LEI: 549300LXCDKIWPEE4R73

Tax ID: 39-0534160

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Mortgage Data

Review & Overview

The Peshtigo National Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The Peshtigo National Bank has a high proportion of conventional loans. Their top two markets are Marinette and Green Bay .

The Peshtigo National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

86

Origination Dollar Volume (All Markets)

$10,430,000

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
Marinette, WI-MI (FHA|USDA|VA) 53 $7,065,000 $133,302 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 32 $3,340,000 $104,375 $0 0.00%
Outside of Metro Areas 1 $25,000 $25,000 $0 0.00%
The Peshtigo National Bank's top markets include Marinette and Green Bay among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $10,430,000 $121,279 $0 0.00%

    For 2018, The Peshtigo National Bank's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $3,930,000 $122,813 $0 0.00%
    Cash Out Refi 26 $3,460,000 $133,077 $0 0.00%
    Other 11 $495,000 $45,000 $0 0.00%
    Refi 11 $2,335,000 $212,273 $0 0.00%
    Home Improvement 6 $210,000 $35,000 $0 0.00%

    For 2018, The Peshtigo National Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $10,430,000 $121,279 $0 0.00%

    For 2018, The Peshtigo National Bank's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $2,980,000 $51,379 $0 0.00%
    $200k-400k 14 $3,670,000 $262,143 $0 0.00%
    $100k-200k 11 $1,535,000 $139,545 $0 0.00%
    $400k-600k 2 $1,090,000 $545,000 $0 0.00%
    $1MM+ 1 $1,155,000 $1,155,000 $0 0.00%

    2018 saw The Peshtigo National Bank place emphasis on $100,000 or less loans with 58 originations, totaling $2,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $1,965,000 $85,435 $0 0.00%
    $50k or less 22 $1,430,000 $65,000 $0 0.00%
    $100k-150k 14 $2,080,000 $148,571 $0 0.00%
    $75k-100k 10 $800,000 $80,000 $0 0.00%
    $150k-250k 6 $720,000 $120,000 $0 0.00%
    $250k+ 1 $55,000 $55,000 $0 0.00%

    The Peshtigo National Bank lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $50k or less, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 86 $10,430,000 $121,279 $0 0.00%

    The Peshtigo National Bank lent most frequently to those with DTI ratios of Exempt%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 76 $7,030,000 $92,500 $0 0.00%
    Not applicable 7 $3,015,000 $430,714 $0 0.00%
    American Indian 2 $330,000 $165,000 $0 0.00%
    Asian Indian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.00%

    The Peshtigo National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.37%

    The Peshtigo National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 86 $10,430,000 $121,279

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 11 $845,000 $76,818
    Single Family (1-4 Units):Site-Built 75 $9,585,000 $127,800