First Federal Bank Of Wisconsin Mortgage Rates, Fees & Info
Waukesha, WILEI: 549300RSMQCGTTJ1WG37
Tax ID: 39-0366980
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Federal Bank Of Wisconsin is a smaller bank specializing in Home Purchase and Home Improvement loans. First Federal Bank Of Wisconsin has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Racine, Chicago, Whitewater, and Beaver Dam among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Bank Of Wisconsin 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.
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Originations
91Origination Dollar Volume (All Markets)
$27,795,000Top 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 |
---|---|---|---|---|---|
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 82 | $25,530,000 | $311,341 | $0 | 0.00% |
RACINE, WI (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 0.00% |
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
Whitewater, WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
Beaver Dam, WI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
Outside of Metro Areas | 2 | $110,000 | $55,000 | $0 | 0.00% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 91 | $27,795,000 | $305,440 | $0 | 0.00% |
For 2018, First Federal Bank Of Wisconsin's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2018, First Federal Bank Of Wisconsin's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
For 2018, First Federal Bank Of Wisconsin's most frequently cited loan duration was 30 Year, with 34 originations. The 2nd most popular length was Other, with 24 originations.
Loan Sizing
2018 saw First Federal Bank Of Wisconsin place emphasis on $200k-400k loans with 28 originations, totaling $7,770,000 in origination value.
Applicant Income
First Federal Bank Of Wisconsin lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 91 | $27,795,000 | $305,440 | $0 | 0.00% |
First Federal Bank Of Wisconsin lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 63 | $16,395,000 | $260,238 | $0 | 0.00% |
Not applicable | 28 | $11,400,000 | $407,143 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.70%
First Federal Bank Of Wisconsin has an average approval rate.
Pick Rate
Approvals leading to origination87.91%
First Federal Bank Of Wisconsin has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 91 | $27,795,000 | $305,440 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 8 | $8,630,000 | $1,078,750 |
Single Family (1-4 Units):Site-Built | 83 | $19,165,000 | $230,904 |
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |