Blackhawk Community Credit Union Mortgage Rates, Fees & Info

Janesville, WI

LEI: 549300W1AS8CZYV4MQ17

Tax ID: 39-6086299

5 stars - Updated: 7/14/24 - out of 5 stars, based on 27 reviews

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

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Mortgage Data

Review & Overview

Blackhawk Community Credit Union is a smaller credit union specializing in Refi and Home Purchase loans. Blackhawk Community Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Janesville, Whitewater, Madison, Milwaukee, and Chicago among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Blackhawk Community Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Blackhawk Community Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.70% 7/14/24
30 Year Conventional Refi 6.73% 7/14/24
30 Year Cash-out Refi 6.87% 7/14/24
15 Year Conventional Purchase 5.94% 7/14/24
15 Year Conventional Refi 6.95% 7/14/24
15 Year Cash-out Refi 6.95% 7/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Blackhawk Community Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Blackhawk Community Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

754

Origination Dollar Volume (All Markets)

$69,350,000

Awards

Blackhawk Community Credit Union 30 Year Conventional Loans gold
Show all (1) awards

Relative Rate

Blackhawk Community Credit Union's average 30 year fixed mortgage rate was 6.77%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.29%.

Relative Fees (Closing Costs)

Blackhawk Community Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $2,582.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 557 $51,285,000 $92,074 $2,314 7.99%
Whitewater, WI (FHA|USDA|VA) 73 $5,865,000 $80,342 $2,187 8.17%
MADISON, WI (FHA|USDA|VA) 52 $4,800,000 $92,308 $1,664 8.25%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 15 $2,025,000 $135,000 $2,319 8.17%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $1,985,000 $94,524 $2,304 7.94%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 12 $980,000 $81,667 $896 6.70%
ROCKFORD, IL (FHA|USDA|VA) 10 $780,000 $78,000 $2,561 8.89%
Outside of Metro Areas 7 $765,000 $109,286 $2,749 8.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $335,000 $335,000 $2,087 6.13%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $235,000 $235,000 $3,285 6.88%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $160,000 $80,000 $2,162 7.31%
DULUTH, MN-WI (FHA|USDA|VA) 1 $75,000 $75,000 $2,748 7.25%
Baraboo, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.99%
RACINE, WI (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.99%
Blackhawk Community Credit Union's top markets include Janesville, Whitewater, Madison, Milwaukee, and Chicago among others.

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

    We use machine learning to identify the top lenders compared against Blackhawk Community Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    First Savings Bank of Hegewisch
    Similarity Rank: 46
    Glacier Hills Credit Union
    Similarity Rank: 54
    National Exchange Bank and Trust
    Similarity Rank: 112
    Rock Valley Credit Union
    Similarity Rank: 120
    Starion Bank
    Similarity Rank: 147
    Stillman Bank
    Similarity Rank: 171
    Empower Credit Union
    Similarity Rank: 203
    First Community Credit Union
    Similarity Rank: 238
    PyraMax Bank, FSB
    Similarity Rank: 270

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 477 $30,655,000 $64,266 n/a 8.45%
    Conventional 277 $38,695,000 $139,693 $2,264 7.28%

    For 2023, Blackhawk Community Credit Union's most frequently originated type of loan was HELOC, with 477 originations. Their 2nd most popular type was Conventional, with 277 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 264 $19,630,000 $74,356 $1,528 8.14%
    Home Improvement 176 $8,020,000 $45,568 $0 8.65%
    Home Purchase 163 $31,995,000 $196,288 $2,751 6.87%
    Other 110 $5,710,000 $51,909 $0 8.90%
    Cash Out Refi 41 $3,995,000 $97,439 $1,110 6.69%

    For 2023, Blackhawk Community Credit Union's most frequently cited loan purpose was Refi, with 264 originations. The 2nd most popular reason was Home Improvement, with 176 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 483 $31,675,000 $65,580 $2,301 8.41%
    30 Year 157 $29,445,000 $187,548 $2,582 6.77%
    15 Year 76 $4,480,000 $58,947 $2,091 8.54%
    10 Year 21 $1,585,000 $75,476 $276 6.93%
    Other 14 $2,120,000 $151,429 $948 7.15%
    5 Year 3 $45,000 $15,000 $0 9.11%

    For 2023, Blackhawk Community Credit Union's most frequently cited loan duration was 20 Year, with 483 originations. The 2nd most popular length was 30 Year, with 157 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 193 $32,905,000 $170,492
    $1k-2k 12 $1,600,000 $133,333
    $3k-4k 2 $530,000 $265,000
    $5k+ 1 $245,000 $245,000

    Blackhawk Community Credit Union's average total fees were $2,582, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 193 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 446 $27,780,000 $62,287
    7-8% 150 $16,030,000 $106,867
    6-7% 106 $18,550,000 $175,000
    5-6% 42 $6,140,000 $146,190
    <2.5% 10 $850,000 $85,000

    During 2023, Blackhawk Community Credit Union's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was Over 8%, with 446 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 520 $24,730,000 $47,558 $1,374 8.40%
    $100k-200k 150 $21,130,000 $140,867 $2,396 7.22%
    $200k-400k 79 $20,765,000 $262,848 $2,811 7.11%
    $400k-600k 3 $1,385,000 $461,667 $3,537 7.54%
    $600k-1MM 2 $1,340,000 $670,000 $2,970 6.13%

    2023 saw Blackhawk Community Credit Union place emphasis on $100,000 or less loans with 520 originations, totaling $24,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 199 $17,025,000 $85,553 $2,258 7.94%
    $100k-150k 179 $18,255,000 $101,983 $2,538 8.17%
    $50k or less 146 $9,140,000 $62,603 $1,800 7.89%
    $75k-100k 143 $13,525,000 $94,580 $2,405 8.02%
    $150k-250k 71 $8,635,000 $121,620 $2,662 8.11%
    $250k+ 15 $2,685,000 $179,000 $3,080 8.06%

    Blackhawk Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 199 originations. The second most popular income band? $100k-150k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 191 $15,575,000 $81,545 $2,297 8.15%
    30-36% 141 $13,595,000 $96,418 $2,393 7.97%
    <20% 115 $7,025,000 $61,087 $1,871 8.26%
    39% 32 $4,360,000 $136,250 $2,015 7.66%
    44% 27 $2,415,000 $89,444 $1,735 7.10%
    43% 26 $2,390,000 $91,923 $1,791 7.70%
    41% 26 $2,660,000 $102,308 $2,247 8.16%
    42% 25 $2,255,000 $90,200 $2,036 7.81%
    37% 25 $2,485,000 $99,400 $2,239 7.44%
    45% 24 $2,740,000 $114,167 $2,486 8.13%
    40% 24 $2,650,000 $110,417 $3,793 8.55%
    36% 21 $2,235,000 $106,429 $2,265 8.14%
    38% 13 $1,265,000 $97,308 $2,359 7.60%
    50-60% 13 $1,565,000 $120,385 $2,638 7.72%
    48% 12 $1,370,000 $114,167 $1,879 7.70%
    47% 11 $1,025,000 $93,182 $2,345 8.67%
    49% 10 $1,340,000 $134,000 $2,590 8.42%
    46% 9 $1,065,000 $118,333 $2,369 7.90%
    >60% 6 $1,170,000 $195,000 $2,918 8.07%

    Blackhawk Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 191 originations. The next most common DTI ratio? 30-36%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 741 $67,735,000 $91,410 $2,253 8.03%
    Asian 5 $1,185,000 $237,000 $3,444 6.73%
    Black 5 $325,000 $65,000 $1,033 7.90%
    Filipino 1 $45,000 $45,000 $0 9.24%
    Not provided 1 $45,000 $45,000 $0 9.24%
    American Indian 1 $15,000 $15,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    87.39%

    Blackhawk Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.38%

    Blackhawk Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 754 $69,350,000 $91,976

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    754 $69,350,000 $91,976

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 223 $16,395,000 $73,520 $1,335 8.23%
    40-60% 78 $10,540,000 $135,128 $2,216 7.51%
    60-80% 92 $17,540,000 $190,652 $2,612 7.05%
    80-100% 66 $14,270,000 $216,212 $2,771 6.96%
    Under 20% 292 $10,390,000 $35,582 $843 8.54%