Blackhawk Community Credit Union Mortgage Rates, Fees & Info

Janesville, WI

LEI: 549300W1AS8CZYV4MQ17

Tax ID: 39-6086299

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Blackhawk Community Credit Union is a smaller credit union specializing in Refi, Cash Out 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 17 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% 11/21/24
    30 Year Conventional Refi 6.73% 11/21/24
    30 Year Cash-out Refi 6.87% 11/21/24
    15 Year Conventional Purchase 5.94% 11/21/24
    15 Year Conventional Refi 6.95% 11/21/24
    15 Year Cash-out Refi 6.95% 11/21/24
    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

    1,486

    Origination Dollar Volume (All Markets)

    $208,060,000

    Awards

    Blackhawk Community Credit Union 30 Year Conventional Loans gold Blackhawk Community Credit Union 30 Year Conventional Loans bronze Blackhawk Community Credit Union 30 Year Conventional Loans silver Blackhawk Community Credit Union 30 Year Conventional Loans gold
    Show all (4) 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) 988 $120,410,000 $121,872 $1,913 3.33%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 142 $33,660,000 $237,042 $1,981 3.47%
    Whitewater, WI (FHA|USDA|VA) 135 $19,165,000 $141,963 $2,052 3.40%
    MADISON, WI (FHA|USDA|VA) 95 $16,255,000 $171,105 $1,898 3.37%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 51 $6,915,000 $135,588 $2,008 3.44%
    Outside of Metro Areas 17 $3,335,000 $196,176 $2,077 3.32%
    RACINE, WI (FHA|USDA|VA) 15 $2,575,000 $171,667 $1,998 3.84%
    ROCKFORD, IL (FHA|USDA|VA) 19 $2,135,000 $112,368 $1,927 3.57%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 12 $1,830,000 $152,500 $2,069 3.60%
    Baraboo, WI (FHA|USDA|VA) 2 $340,000 $170,000 $1,882 3.00%
    APPLETON, WI (FHA|USDA|VA) 1 $305,000 $305,000 $1,798 3.13%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $280,000 $140,000 $2,452 4.13%
    Shawano, WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,554 3.25%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $190,000 $95,000 $1,834 3.06%
    Manitowoc, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,074 3.25%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,086 4.50%
    Beaver Dam, WI (FHA|USDA|VA) 2 $130,000 $65,000 $0 4.99%
    Blackhawk Community Credit Union's top markets include Janesville, Milwaukee, Whitewater, Madison, and Chicago among others.

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

    Rock Valley Credit Union
    Similarity Rank: 135
    Glenview State Bank
    Similarity Rank: 312
    Liberty Bank for Savings
    Similarity Rank: 312
    Hometown Bank
    Similarity Rank: 360
    Empower Credit Union
    Similarity Rank: 459
    Royal Bank
    Similarity Rank: 468
    Starion Bank
    Similarity Rank: 546
    Westbury Bank
    Similarity Rank: 612
    CROWN MORTGAGE COMPANY
    Similarity Rank: 627
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 648

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,160 $189,870,000 $163,681 $1,943 3.29%
    HELOC 323 $17,695,000 $54,783 n/a 3.67%
    FHA 3 $495,000 $165,000 $1,697 3.33%

    For 2020, Blackhawk Community Credit Union's most frequently originated type of loan was Conventional, with 1,160 originations. Their 2nd most popular type was HELOC, with 323 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 875 $108,375,000 $123,857 $1,728 3.35%
    Cash Out Refi 335 $51,105,000 $152,552 $1,813 3.29%
    Home Purchase 265 $48,005,000 $181,151 $2,552 3.53%
    Home Improvement 8 $320,000 $40,000 $0 4.29%
    Other 2 $160,000 $80,000 $1,360 2.94%
    NA 1 $95,000 $95,000 $0 3.25%

    For 2020, Blackhawk Community Credit Union's most frequently cited loan purpose was Refi, with 875 originations. The 2nd most popular reason was Cash Out Refi, with 335 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 648 $116,010,000 $179,028 $2,065 3.44%
    20 Year 461 $41,535,000 $90,098 $1,721 3.49%
    15 Year 285 $37,235,000 $130,649 $1,712 3.04%
    10 Year 58 $5,700,000 $98,276 $1,763 3.00%
    Other 32 $7,560,000 $236,250 $3,650 3.98%
    5 Year 2 $20,000 $10,000 $0 4.80%

    For 2020, Blackhawk Community Credit Union's most frequently cited loan duration was 30 Year, with 648 originations. The 2nd most popular length was 20 Year, with 461 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,046 $173,560,000 $165,927
    $1k-2k 39 $4,975,000 $127,564
    $2k-3k 16 $2,670,000 $166,875
    $3k-4k 7 $2,205,000 $315,000
    $5k+ 6 $1,620,000 $270,000
    $4k-5k 4 $980,000 $245,000

    Blackhawk Community Credit Union's average total fees were $2,065, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,046 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 635 $107,005,000 $168,512
    2.5-3% 534 $68,890,000 $129,007
    4-5% 174 $16,120,000 $92,644
    <2.5% 74 $10,650,000 $143,919
    5-6% 35 $2,975,000 $85,000
    6-7% 20 $1,180,000 $59,000
    7-8% 1 $65,000 $65,000
    Over 8% 1 $25,000 $25,000

    During 2020, Blackhawk Community Credit Union's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was 3-4%, with 635 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 640 $90,540,000 $141,469 $1,876 3.25%
    $100,000 or less 550 $31,930,000 $58,055 $1,809 3.56%
    $200k-400k 264 $70,280,000 $266,212 $2,139 3.29%
    $400k-600k 27 $11,875,000 $439,815 $2,489 3.25%
    $600k-1MM 5 $3,435,000 $687,000 $3,194 3.68%

    2020 saw Blackhawk Community Credit Union place emphasis on $100k-200k loans with 640 originations, totaling $90,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 386 $47,810,000 $123,860 $1,821 3.36%
    $50k or less 314 $29,790,000 $94,873 $1,942 3.46%
    $75k-100k 302 $43,370,000 $143,609 $1,966 3.35%
    $100k-150k 280 $49,730,000 $177,607 $1,999 3.30%
    $150k-250k 128 $26,350,000 $205,859 $2,013 3.22%
    $250k+ 25 $8,225,000 $329,000 $2,586 3.25%

    Blackhawk Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 386 originations. The second most popular income band? $50k or less, with 314 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 406 $56,520,000 $139,212 $1,955 3.31%
    30-36% 263 $39,015,000 $148,346 $1,965 3.26%
    <20% 237 $26,765,000 $112,932 $1,887 3.37%
    41% 53 $8,405,000 $158,585 $1,881 3.31%
    37% 49 $6,715,000 $137,041 $2,152 3.26%
    36% 48 $7,220,000 $150,417 $1,852 3.36%
    42% 46 $8,060,000 $175,217 $1,862 3.45%
    39% 46 $6,890,000 $149,783 $1,858 3.35%
    40% 43 $7,145,000 $166,163 $1,900 3.66%
    38% 40 $6,090,000 $152,250 $1,918 3.31%
    43% 38 $6,160,000 $162,105 $1,828 3.42%
    44% 33 $5,355,000 $162,273 $2,093 3.60%
    45% 27 $4,115,000 $152,407 $1,661 3.32%
    50-60% 27 $3,005,000 $111,296 $2,366 3.69%
    48% 24 $3,380,000 $140,833 $1,891 3.41%
    46% 23 $3,755,000 $163,261 $2,014 3.57%
    >60% 16 $2,720,000 $170,000 $2,369 3.67%
    49% 14 $2,180,000 $155,714 $1,978 3.72%
    47% 13 $2,355,000 $181,154 $2,052 3.29%

    Blackhawk Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 406 originations. The next most common DTI ratio? 30-36%, with 263 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,317 $194,695,000 $147,832 $1,939 3.34%
    Not provided 158 $11,050,000 $69,937 $2,554 3.66%
    Asian 5 $1,135,000 $227,000 $1,695 3.08%
    Black 4 $740,000 $185,000 $2,266 3.53%
    Asian Indian 1 $345,000 $345,000 $600 2.63%
    American Indian 1 $95,000 $95,000 $1,955 3.25%

    Approval Rates

    Total approvals of all applications
    92.94%

    Blackhawk Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.81%

    Blackhawk Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,486 $208,060,000 $140,013

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 1,486 $208,060,000 $140,013

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 198 $15,080,000 $76,162 $1,927 3.48%
    40-60% 306 $41,080,000 $134,248 $1,744 3.09%
    60-80% 561 $100,645,000 $179,403 $1,883 3.32%
    80-100% 234 $43,700,000 $186,752 $2,339 3.45%
    Under 20% 180 $7,020,000 $39,000 $1,737 3.81%