Oak Bank Mortgage Rates, Fees & Info

Fitchburg, WI

LEI: 549300UXZ76FJVM3UC43

Tax ID: 39-1998382

Latest/2024 | 2023 Data | 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
  • 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

    Oak Bank is a smaller bank specializing in Home Purchase and Refi loans. Oak Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Chicago, Sheboygan, Baraboo, and Rockford among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Oak 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.

    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

    43

    Origination Dollar Volume (All Markets)

    $18,905,000

    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
    MADISON, WI (FHA|USDA|VA) 31 $13,355,000 $430,806 $0 0.00%
    Outside of Metro Areas 6 $2,590,000 $431,667 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $0 0.00%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    Baraboo, WI (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    ROCKFORD, IL (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
    Oak Bank's top markets include Madison, Chicago, Sheboygan, Baraboo, and Rockford among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $18,905,000 $439,651 $0 0.00%

    For 2024, Oak Bank's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 34 $14,950,000 $439,706 $0 0.00%
    Refi 9 $3,955,000 $439,444 $0 0.00%

    For 2024, Oak Bank's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 43 $18,905,000 $439,651 $0 0.00%

    For 2024, Oak Bank's most frequently cited loan duration was Other, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 15 $7,095,000 $473,000 $0 0.00%
    $200k-400k 14 $4,390,000 $313,571 $0 0.00%
    $100k-200k 6 $990,000 $165,000 $0 0.00%
    $600k-1MM 5 $3,885,000 $777,000 $0 0.00%
    $1MM+ 2 $2,450,000 $1,225,000 $0 0.00%
    $100,000 or less 1 $95,000 $95,000 $0 0.00%

    2024 saw Oak Bank place emphasis on $400k-600k loans with 15 originations, totaling $7,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 16 $8,960,000 $560,000 $0 0.00%
    $150k-250k 9 $3,305,000 $367,222 $0 0.00%
    $100k-150k 5 $2,245,000 $449,000 $0 0.00%
    $50k-75k 3 $805,000 $268,333 $0 0.00%
    $50k or less 3 $705,000 $235,000 $0 0.00%
    $75k-100k 1 $305,000 $305,000 $0 0.00%

    Oak Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 43 $18,905,000 $439,651 $0 0.00%

    Oak Bank lent most frequently to those with DTI ratios of Exempt%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 27 $11,405,000 $422,407 $0 0.00%
    Not provided 10 $5,150,000 $515,000 $0 0.00%
    Not applicable 4 $1,950,000 $487,500 $0 0.00%
    Black 2 $400,000 $200,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Oak 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
    86.05%

    Oak Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 43 $18,905,000 $439,651

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    43 $18,905,000 $439,651