Advantage Community Bank Mortgage Rates, Fees & Info
Dorchester, WILEI: 549300MF8JIZIIW4OI72
Tax ID: 39-0247300
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Mortgage Data
Review & Overview
Advantage Community Bank is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. Advantage Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wausau, Stevens Point, Minneapolis, Shawano, and Milwaukee among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Advantage Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
193Origination Dollar Volume (All Markets)
$34,055,000Top 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 |
|---|---|---|---|---|---|
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 162 | $27,720,000 | $171,111 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $3,410,000 | $189,444 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Shawano, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 193 | $34,055,000 | $176,451 | $0 | 0.00% |
For 2020, Advantage Community Bank's most frequently originated type of loan was Conventional, with 193 originations.
Loan Reason
For 2020, Advantage Community Bank's most frequently cited loan purpose was Refi, with 81 originations. The 2nd most popular reason was Cash Out Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 193 | $34,055,000 | $176,451 | $0 | 0.00% |
For 2020, Advantage Community Bank's most frequently cited loan duration was Other, with 193 originations.
Loan Sizing
2020 saw Advantage Community Bank place emphasis on $100k-200k loans with 84 originations, totaling $12,550,000 in origination value.
Applicant Income
Advantage Community Bank lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $75k-100k, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 193 | $34,055,000 | $176,451 | $0 | 0.00% |
Advantage Community Bank lent most frequently to those with DTI ratios of Exempt%, with 193 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.51%
Advantage Community 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 origination97.41%
Advantage Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 193 | $34,055,000 | $176,451 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Advantage Credit, Inc. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Advantage Community Bank | 101 W Business County Road A Dorchester, WI 54425 | Full Service B&M | $31,401 |
| Advantage Community Bank | 1220 Western Avenue Mosinee, WI 54455 | Full Service B&M | $17,395 |
| Advantage Community Bank | 210 North 17th Avenue Wausau, WI 54401 | Full Service B&M | $43,306 |
| Advantage Community Bank | 325 S Third Avenue Edgar, WI 54426 | Full Service B&M | $42,881 |
For 2020, Advantage Community Bank had 4 branches.