Blackhawk Community Credit Union Mortgage Rates, Fees & Info

Janesville, WI

LEI: 549300W1AS8CZYV4MQ17

Tax ID: 39-6086299

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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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Janesville, Milwaukee, Whitewater, Madison, 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 above average approval rate when compared to the average across all lenders. They have a below 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 about average 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% 12/8/24
30 Year Conventional Refi 6.73% 12/8/24
30 Year Cash-out Refi 6.87% 12/8/24
15 Year Conventional Purchase 5.94% 12/8/24
15 Year Conventional Refi 6.95% 12/8/24
15 Year Cash-out Refi 6.95% 12/8/24
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

1,226

Origination Dollar Volume (All Markets)

$106,860,000

Awards

Blackhawk Community Credit Union 30 Year Conventional Loans gold Blackhawk Community Credit Union 30 Year Conventional Loans silver Blackhawk Community Credit Union 30 Year Conventional Loans gold
Show all (3) awards

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) 865 $68,155,000 $78,792 $1,995 5.04%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 58 $11,280,000 $194,483 $2,122 7.29%
Whitewater, WI (FHA|USDA|VA) 140 $10,600,000 $75,714 $1,796 5.11%
MADISON, WI (FHA|USDA|VA) 52 $5,820,000 $111,923 $1,952 4.77%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 52 $4,470,000 $85,962 $2,289 5.33%
RACINE, WI (FHA|USDA|VA) 20 $2,490,000 $124,500 $2,458 5.49%
Outside of Metro Areas 14 $1,230,000 $87,857 $2,037 4.62%
Beaver Dam, WI (FHA|USDA|VA) 4 $890,000 $222,500 $1,627 4.69%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 10 $870,000 $87,000 $1,495 4.87%
ROCKFORD, IL (FHA|USDA|VA) 6 $490,000 $81,667 $2,188 5.04%
Baraboo, WI (FHA|USDA|VA) 2 $260,000 $130,000 $2,402 4.50%
Platteville, WI (FHA|USDA|VA) 1 $185,000 $185,000 $538 4.75%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $115,000 $115,000 $1,898 4.75%
FOND DU LAC, WI (FHA|USDA|VA) 1 $5,000 $5,000 $0 7.74%
Blackhawk Community Credit Union's top markets include Janesville, Milwaukee, Whitewater, Madison, and Chicago among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 648 $29,550,000 $45,602 n/a 5.38%
    Conventional 576 $77,260,000 $134,132 $1,993 4.92%
    Reverse Mortgage 1 $15,000 $15,000 $0 3.99%
    FHA 1 $35,000 $35,000 $0 4.74%

    For 2018, Blackhawk Community Credit Union's most frequently originated type of loan was HELOC, with 648 originations. Their 2nd most popular type was Conventional, with 576 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 749 $48,465,000 $64,706 $1,640 5.30%
    Home Purchase 264 $38,600,000 $146,212 $2,254 4.85%
    Cash Out Refi 125 $15,095,000 $120,760 $1,751 4.89%
    Home Improvement 61 $2,315,000 $37,951 $1,175 5.34%
    NA 20 $2,080,000 $104,000 $0 5.00%
    Other 7 $305,000 $43,571 $0 5.24%

    For 2018, Blackhawk Community Credit Union's most frequently cited loan purpose was Refi, with 749 originations. The 2nd most popular reason was Home Purchase, with 264 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 553 $27,295,000 $49,358 $1,752 5.20%
    30 Year 307 $49,355,000 $160,765 $2,084 4.88%
    Other 180 $13,500,000 $75,000 $538 6.04%
    15 Year 140 $13,030,000 $93,071 $1,822 4.55%
    5 Year 23 $2,385,000 $103,696 $0 5.42%
    10 Year 21 $1,145,000 $54,524 $1,612 4.53%
    1 Year 1 $75,000 $75,000 $0 6.50%
    3 Year 1 $75,000 $75,000 $0 5.25%

    For 2018, Blackhawk Community Credit Union's most frequently cited loan duration was 20 Year, with 553 originations. The 2nd most popular length was 30 Year, with 307 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 413 $60,905,000 $147,470
    $1k-2k 22 $2,360,000 $107,273
    $2k-3k 6 $1,230,000 $205,000
    $3k-4k 2 $250,000 $125,000
    $4k-5k 1 $405,000 $405,000

    Blackhawk Community Credit Union's average total fees were $2,084, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 413 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 715 $67,325,000 $94,161
    5-6% 245 $20,395,000 $83,245
    3-4% 130 $12,010,000 $92,385
    6-7% 80 $4,750,000 $59,375
    7-8% 34 $1,490,000 $43,824
    Over 8% 22 $890,000 $40,455

    During 2018, Blackhawk Community Credit Union's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 715 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 834 $37,420,000 $44,868 $1,816 5.20%
    $100k-200k 298 $41,300,000 $138,591 $2,059 4.82%
    $200k-400k 86 $21,650,000 $251,744 $2,021 6.00%
    $400k-600k 5 $2,245,000 $449,000 $2,714 4.35%
    $1MM+ 2 $3,570,000 $1,785,000 $4,294 4.63%
    $600k-1MM 1 $675,000 $675,000 $0 5.00%

    2018 saw Blackhawk Community Credit Union place emphasis on $100,000 or less loans with 834 originations, totaling $37,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 315 $22,655,000 $71,921 $1,923 4.91%
    $50k-75k 311 $26,025,000 $83,682 $2,008 4.91%
    $75k-100k 200 $19,160,000 $95,800 $2,012 5.00%
    $100k-150k 165 $16,985,000 $102,939 $2,127 5.50%
    $150k-250k 58 $6,870,000 $118,448 $1,840 6.60%
    $250k+ 10 $4,960,000 $496,000 $2,719 4.93%

    Blackhawk Community Credit Union lent most frequently to those with incomes in the $50k or less range, with 315 originations. The second most popular income band? $50k-75k, with 311 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 277 $24,865,000 $89,765 $1,979 4.78%
    30-36% 177 $15,015,000 $84,831 $2,066 5.03%
    <20% 133 $8,795,000 $66,128 $1,848 4.60%
    >60% 61 $6,275,000 $102,869 $2,293 5.59%
    50-60% 44 $3,130,000 $71,136 $2,181 5.36%
    39% 41 $5,165,000 $125,976 $1,964 4.85%
    38% 34 $3,460,000 $101,765 $1,924 4.84%
    40% 34 $2,970,000 $87,353 $1,931 5.08%
    41% 33 $4,205,000 $127,424 $2,285 4.73%
    37% 33 $2,675,000 $81,061 $1,920 5.04%
    36% 27 $2,165,000 $80,185 $2,021 5.22%
    46% 26 $2,900,000 $111,538 $1,942 4.85%
    43% 25 $2,965,000 $118,600 $1,819 5.13%
    49% 24 $2,540,000 $105,833 $1,713 5.06%
    45% 24 $2,210,000 $92,083 $2,036 5.03%
    44% 22 $2,850,000 $129,545 $2,168 4.85%
    42% 22 $2,290,000 $104,091 $1,978 9.34%
    47% 14 $1,080,000 $77,143 $1,912 4.91%
    48% 11 $1,225,000 $111,364 $1,904 5.20%

    Blackhawk Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 277 originations. The next most common DTI ratio? 30-36%, with 177 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 955 $90,935,000 $95,220 $1,990 5.14%
    Not provided 140 $8,140,000 $58,143 $2,311 5.39%
    Not applicable 123 $6,745,000 $54,837 $0 5.09%
    Asian 4 $570,000 $142,500 $2,082 4.91%
    American Indian 1 $235,000 $235,000 $1,647 5.13%
    Black 3 $235,000 $78,333 $2,016 5.04%

    Approval Rates

    Total approvals of all applications
    90.42%

    Blackhawk Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.97%

    Blackhawk Community Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,226 $106,860,000 $87,162

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,360,000 $340,000
    Single Family (1-4 Units):Manufactured 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 1,221 $105,435,000 $86,351

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 241 $14,015,000 $58,154 $1,797 5.29%
    40-60% 119 $11,345,000 $95,336 $1,712 5.28%
    60-80% 264 $38,660,000 $146,439 $2,010 4.83%
    80-100% 165 $27,365,000 $165,848 $2,144 4.96%
    Over 100% 1 $125,000 $125,000 $0 6.25%
    Under 20% 322 $9,170,000 $28,478 $1,009 5.19%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Blue Sky Capital Realty, Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%