Sunset Bank & Savings Mortgage Rates, Fees & Info

Waukesha, WI

LEI: 549300TU1SISIUY3SK49

Tax ID: 39-1964828

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Sunset Bank & Savings is a smaller bank specializing in Refi loans. Sunset Bank & Savings has a high proportion of conventional loans. Their top (well, only) market is Milwaukee.

    Sunset Bank & Savings 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.

    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.

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    Originations

    184

    Origination Dollar Volume (All Markets)

    $41,140,000

    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
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 157 $33,855,000 $215,637 $0 0.00%
    Outside of Metro Areas 27 $7,285,000 $269,815 $0 0.00%
    Sunset Bank & Savings's top markets include and Milwaukee among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 184 $41,140,000 $223,587 $0 0.00%

    For 2021, Sunset Bank & Savings's most frequently originated type of loan was Conventional, with 184 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 162 $36,800,000 $227,160 $0 0.00%
    Home Purchase 21 $4,215,000 $200,714 $0 0.00%
    Other 1 $125,000 $125,000 $0 0.00%

    For 2021, Sunset Bank & Savings's most frequently cited loan purpose was Refi, with 162 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 184 $41,140,000 $223,587 $0 0.00%

    For 2021, Sunset Bank & Savings's most frequently cited loan duration was Other, with 184 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 81 $11,975,000 $147,840 $0 0.00%
    $200k-400k 79 $21,385,000 $270,696 $0 0.00%
    $400k-600k 15 $7,065,000 $471,000 $0 0.00%
    $100,000 or less 9 $715,000 $79,444 $0 0.00%

    2021 saw Sunset Bank & Savings place emphasis on $100k-200k loans with 81 originations, totaling $11,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 43 $12,025,000 $279,651 $0 0.00%
    $75k-100k 38 $7,670,000 $201,842 $0 0.00%
    $100k-150k 34 $9,220,000 $271,176 $0 0.00%
    $50k-75k 31 $5,655,000 $182,419 $0 0.00%
    $50k or less 16 $2,480,000 $155,000 $0 0.00%
    $250k+ 6 $1,590,000 $265,000 $0 0.00%

    Sunset Bank & Savings lent most frequently to those with incomes in the $150k-250k range, with 43 originations. The second most popular income band? $75k-100k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 184 $41,140,000 $223,587 $0 0.00%

    Sunset Bank & Savings lent most frequently to those with DTI ratios of Exempt%, with 184 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $37,305,000 $231,708 $0 0.00%
    Not applicable 16 $2,500,000 $156,250 $0 0.00%
    Asian 3 $605,000 $201,667 $0 0.00%
    Not provided 2 $480,000 $240,000 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.92%

    Sunset Bank & Savings 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
    98.37%

    Sunset Bank & Savings 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 184 $41,140,000 $223,587

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    184 $41,140,000 $223,587

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SUNSTREET MORTGAGE LLC VA mortgage Closing on a mortgage 1 100.0%