Chippewa Valley Bank Mortgage Rates, Fees & Info
Hayward, WILEI: 549300MPDN3KQZW68M43
Tax ID: 39-0207260
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Chippewa Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Chippewa Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Duluth, Eau Claire, and Minneapolis among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Chippewa Valley 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
101Origination Dollar Volume (All Markets)
$19,335,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 81 | $16,675,000 | $205,864 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 16 | $1,900,000 | $118,750 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 101 | $19,335,000 | $191,436 | $0 | 0.00% |
For 2023, Chippewa Valley Bank's most frequently originated type of loan was Conventional, with 101 originations.
Loan Reason
For 2023, Chippewa Valley Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 101 | $19,335,000 | $191,436 | $0 | 0.00% |
For 2023, Chippewa Valley Bank's most frequently cited loan duration was Other, with 101 originations.
Loan Sizing
2023 saw Chippewa Valley Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,070,000 in origination value.
Applicant Income
Chippewa Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 26 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 |
|---|---|---|---|---|---|
| Exempt% | 101 | $19,335,000 | $191,436 | $0 | 0.00% |
Chippewa Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.80%
Chippewa Valley Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.20%
Chippewa Valley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 101 | $19,335,000 | $191,436 |