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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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. Their top markets by origination volume include: Janesville, Milwaukee, Whitewater, Madison, and Chicago among others. We have data for 18 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

    1,468

    Origination Dollar Volume (All Markets)

    $180,020,000
    Show all (5) 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) 970 $107,830,000 $111,165 $1,968 3.23%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 109 $23,455,000 $215,183 $1,867 3.38%
    Whitewater, WI (FHA|USDA|VA) 176 $20,660,000 $117,386 $1,847 3.25%
    MADISON, WI (FHA|USDA|VA) 88 $9,880,000 $112,273 $1,776 3.19%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 43 $6,185,000 $143,837 $1,806 3.38%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 24 $3,980,000 $165,833 $2,301 3.07%
    RACINE, WI (FHA|USDA|VA) 17 $2,405,000 $141,471 $1,882 3.74%
    Outside of Metro Areas 13 $1,905,000 $146,538 $2,192 3.24%
    ROCKFORD, IL (FHA|USDA|VA) 16 $1,760,000 $110,000 $2,088 3.41%
    Beaver Dam, WI (FHA|USDA|VA) 3 $495,000 $165,000 $1,642 2.79%
    Baraboo, WI (FHA|USDA|VA) 2 $280,000 $140,000 $1,861 2.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $1,383 2.88%
    Stevens Point, WI (FHA|USDA|VA) 1 $235,000 $235,000 $2,698 3.50%
    Shawano, WI (FHA|USDA|VA) 1 $205,000 $205,000 $1,277 2.25%
    Freeport, IL (FHA|USDA|VA) 1 $195,000 $195,000 $2,155 3.25%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $145,000 $145,000 $2,051 3.25%
    Marinette, WI-MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,110 3.38%
    GREEN BAY, WI (FHA|USDA|VA) 1 $35,000 $35,000 $0 2.99%
    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)
  • (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.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    Rock Valley Credit Union
    Similarity Rank: 196
    DMB Community Bank
    Similarity Rank: 400
    Dane County Credit Union
    Similarity Rank: 531
    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    Monona Bank
    Similarity Rank: 793
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 861
    Starion Bank
    Similarity Rank: 900
    Badger Bank
    Similarity Rank: 913

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 898 $146,200,000 $162,806 $1,938 3.19%
    HELOC 570 $33,820,000 $59,333 n/a 3.34%

    For 2021, Blackhawk Community Credit Union's most frequently originated type of loan was Conventional, with 898 originations. Their 2nd most popular type was HELOC, with 570 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 930 $87,560,000 $94,151 $1,675 3.24%
    Cash Out Refi 304 $49,160,000 $161,711 $1,751 3.13%
    Home Purchase 228 $43,070,000 $188,904 $2,561 3.43%
    Home Improvement 6 $230,000 $38,333 $0 3.21%

    For 2021, Blackhawk Community Credit Union's most frequently cited loan purpose was Refi, with 930 originations. The 2nd most popular reason was Cash Out Refi, with 304 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 651 $46,405,000 $71,283 $1,708 3.28%
    30 Year 441 $81,935,000 $185,794 $2,113 3.42%
    15 Year 290 $38,020,000 $131,103 $1,742 2.86%
    10 Year 49 $4,695,000 $95,816 $1,511 2.91%
    Other 37 $8,965,000 $242,297 $3,099 4.26%

    For 2021, Blackhawk Community Credit Union's most frequently cited loan duration was 20 Year, with 651 originations. The 2nd most popular length was 30 Year, with 441 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 802 $133,360,000 $166,284
    $1k-2k 36 $4,600,000 $127,778
    $2k-3k 9 $1,775,000 $197,222
    $4k-5k 4 $1,320,000 $330,000
    $5k+ 4 $790,000 $197,500
    $3k-4k 2 $500,000 $250,000

    Blackhawk Community Credit Union's average total fees were $2,113, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 802 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 631 $67,485,000 $106,949
    3-4% 516 $80,050,000 $155,136
    <2.5% 142 $16,950,000 $119,366
    4-5% 129 $11,625,000 $90,116
    5-6% 30 $2,600,000 $86,667
    7-8% 4 $260,000 $65,000
    6-7% 3 $255,000 $85,000
    Over 8% 2 $60,000 $30,000

    During 2021, Blackhawk Community Credit Union's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 2.5-3%, with 631 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 696 $35,810,000 $51,451 $1,686 3.33%
    $100k-200k 523 $72,455,000 $138,537 $1,900 3.14%
    $200k-400k 223 $58,525,000 $262,444 $2,147 3.25%
    $400k-600k 22 $10,090,000 $458,636 $2,824 3.19%
    $600k-1MM 4 $3,140,000 $785,000 $2,806 4.12%

    2021 saw Blackhawk Community Credit Union place emphasis on $100,000 or less loans with 696 originations, totaling $35,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 360 $42,540,000 $118,167 $1,912 3.20%
    $50k or less 335 $30,865,000 $92,134 $1,905 3.30%
    $75k-100k 277 $35,795,000 $129,224 $1,908 3.18%
    $100k-150k 243 $35,035,000 $144,177 $1,963 3.14%
    $150k-250k 104 $21,490,000 $206,635 $2,096 3.32%
    $250k+ 19 $5,245,000 $276,053 $2,318 3.14%

    Blackhawk Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 360 originations. The second most popular income band? $50k or less, with 335 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 314 $37,600,000 $119,745 $1,878 3.10%
    30-36% 256 $35,030,000 $136,836 $1,960 3.12%
    <20% 207 $18,055,000 $87,222 $1,867 3.33%
    41% 48 $7,150,000 $148,958 $2,264 3.34%
    43% 46 $6,600,000 $143,478 $2,178 3.30%
    44% 45 $6,895,000 $153,222 $1,816 3.30%
    39% 45 $7,035,000 $156,333 $1,853 3.14%
    40% 43 $5,795,000 $134,767 $1,983 3.16%
    37% 43 $6,195,000 $144,070 $1,932 3.33%
    36% 38 $5,270,000 $138,684 $1,862 3.12%
    38% 37 $4,095,000 $110,676 $1,723 3.20%
    42% 36 $5,720,000 $158,889 $1,775 3.27%
    50-60% 33 $3,375,000 $102,273 $2,530 3.90%
    45% 31 $4,535,000 $146,290 $2,008 3.45%
    46% 28 $4,210,000 $150,357 $2,011 3.22%
    49% 21 $3,605,000 $171,667 $1,957 3.14%
    48% 19 $2,745,000 $144,474 $2,064 3.33%
    >60% 19 $2,615,000 $137,632 $2,404 3.39%
    47% 15 $2,285,000 $152,333 $1,941 3.11%

    Blackhawk Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 314 originations. The next most common DTI ratio? 30-36%, with 256 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,271 $166,145,000 $130,720 $1,936 3.22%
    Not provided 175 $11,065,000 $63,229 $2,507 3.48%
    Black 11 $1,495,000 $135,909 $1,859 3.04%
    Asian 6 $910,000 $151,667 $1,942 3.32%
    Asian Indian 1 $115,000 $115,000 $1,355 2.50%
    American Indian 1 $105,000 $105,000 $1,911 2.88%
    Guamanian 1 $105,000 $105,000 $0 2.99%
    Vietnamese 1 $55,000 $55,000 $0 2.99%
    Native Hawaiian 1 $25,000 $25,000 $0 4.65%

    Approval Rates

    Total approvals of all applications
    93.17%

    Blackhawk Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.60%

    Blackhawk Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,468 $180,020,000 $122,629

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,468 $180,020,000 $122,629

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 265 $18,955,000 $71,528 $1,669 3.11%
    40-60% 283 $36,465,000 $128,852 $1,699 2.97%
    60-80% 442 $80,420,000 $181,946 $1,906 3.23%
    80-100% 176 $34,890,000 $198,239 $2,456 3.46%
    Under 20% 299 $9,025,000 $30,184 $1,645 3.53%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Blue Sky Capital Realty, Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%