Oak Bank Mortgage Rates, Fees & Info
Fitchburg, WILEI: 549300UXZ76FJVM3UC43
Tax ID: 39-1998382
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Mortgage Data
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, Milwaukee, Janesville, Tampa, and Stevens Point among others. We have data for 9 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.
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Originations
37Origination Dollar Volume (All Markets)
$21,355,000Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 24 | $10,890,000 | $453,750 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $2,080,000 | $1,040,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $2,065,000 | $688,333 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 3 | $1,875,000 | $625,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,815,000 | $1,815,000 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (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 | 37 | $21,355,000 | $577,162 | $0 | 0.00% |
For 2023, Oak Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 29 | $16,075,000 | $554,310 | $0 | 0.00% |
| Refi | 7 | $4,975,000 | $710,714 | $0 | 0.00% |
| Other | 1 | $305,000 | $305,000 | $0 | 0.00% |
For 2023, Oak Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $21,355,000 | $577,162 | $0 | 0.00% |
For 2023, Oak Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2023 saw Oak Bank place emphasis on $200k-400k loans with 17 originations, totaling $4,835,000 in origination value.
Applicant Income
Oak Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $21,355,000 | $577,162 | $0 | 0.00% |
Oak Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.75%
Oak Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.38%
Oak Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $21,355,000 | $577,162 |