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
  • 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 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, Chicago, and Madison among others. We have data for 15 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% 4/28/24
    30 Year Conventional Refi 6.73% 4/28/24
    30 Year Cash-out Refi 6.87% 4/28/24
    15 Year Conventional Purchase 5.94% 4/28/24
    15 Year Conventional Refi 6.95% 4/28/24
    15 Year Cash-out Refi 6.95% 4/28/24
    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

    960

    Origination Dollar Volume (All Markets)

    $100,980,000
    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) 659 $64,105,000 $97,276 $1,968 4.91%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 48 $8,870,000 $184,792 $1,868 4.32%
    Whitewater, WI (FHA|USDA|VA) 82 $7,700,000 $93,902 $1,963 5.12%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 48 $5,650,000 $117,708 $2,242 4.81%
    MADISON, WI (FHA|USDA|VA) 55 $5,155,000 $93,727 $1,757 4.73%
    ROCKFORD, IL (FHA|USDA|VA) 23 $2,605,000 $113,261 $1,733 4.72%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 15 $2,435,000 $162,333 $1,869 4.69%
    RACINE, WI (FHA|USDA|VA) 13 $1,605,000 $123,462 $2,794 5.48%
    Outside of Metro Areas 7 $1,285,000 $183,571 $2,508 4.62%
    Beaver Dam, WI (FHA|USDA|VA) 3 $635,000 $211,667 $1,621 5.28%
    APPLETON, WI (FHA|USDA|VA) 2 $220,000 $110,000 $1,724 6.18%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,292 6.13%
    FOND DU LAC, WI (FHA|USDA|VA) 1 $205,000 $205,000 $4,038 6.25%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $200,000 $100,000 $243 5.05%
    Freeport, IL (FHA|USDA|VA) 1 $95,000 $95,000 $2,139 5.38%
    Blackhawk Community Credit Union's top markets include Janesville, Milwaukee, Whitewater, Chicago, and Madison among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Michigan (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: 64
    NORTHWESTERN MUTUAL
    Similarity Rank: 70
    Empower Credit Union
    Similarity Rank: 81
    Rock Valley Credit Union
    Similarity Rank: 91
    Liberty Bank for Savings
    Similarity Rank: 116
    FINANCIAL PLUS
    Similarity Rank: 198
    Glacier Hills Credit Union
    Similarity Rank: 200
    Farmers & Merchants State Bank
    Similarity Rank: 338
    Stillman Bank
    Similarity Rank: 350
    First Community Credit Union
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 496 $71,870,000 $144,899 $1,962 4.81%
    HELOC 463 $28,955,000 $62,538 n/a 4.98%
    FHA 1 $155,000 $155,000 $0 2.99%

    For 2022, Blackhawk Community Credit Union's most frequently originated type of loan was Conventional, with 496 originations. Their 2nd most popular type was HELOC, with 463 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 593 $40,435,000 $68,187 $1,315 4.96%
    Home Purchase 191 $39,585,000 $207,251 $2,634 4.96%
    Cash Out Refi 136 $18,720,000 $137,647 $1,270 4.04%
    Home Improvement 37 $2,125,000 $57,432 $2,194 6.45%
    Other 3 $115,000 $38,333 $0 6.37%

    For 2022, Blackhawk Community Credit Union's most frequently cited loan purpose was Refi, with 593 originations. The 2nd most popular reason was Home Purchase, with 191 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 458 $30,530,000 $66,659 $1,925 4.98%
    30 Year 242 $48,180,000 $199,091 $2,397 4.91%
    15 Year 143 $12,095,000 $84,580 $2,072 5.32%
    10 Year 75 $6,735,000 $89,800 $278 3.71%
    Other 36 $2,770,000 $76,944 $252 4.08%
    5 Year 5 $595,000 $119,000 $0 6.12%
    1 Year 1 $75,000 $75,000 $0 6.25%

    For 2022, Blackhawk Community Credit Union's most frequently cited loan duration was 20 Year, with 458 originations. The 2nd most popular length was 30 Year, with 242 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 339 $57,605,000 $169,926
    $1k-2k 32 $4,990,000 $155,938
    $2k-3k 5 $865,000 $173,000
    $3k-4k 4 $1,320,000 $330,000
    $4k-5k 2 $470,000 $235,000

    Blackhawk Community Credit Union's average total fees were $2,397, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 339 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 202 $24,740,000 $122,475
    5-6% 202 $21,500,000 $106,436
    4-5% 168 $19,850,000 $118,155
    6-7% 165 $15,615,000 $94,636
    2.5-3% 118 $12,270,000 $103,983
    7-8% 47 $2,565,000 $54,574
    <2.5% 33 $2,965,000 $89,848
    Over 8% 24 $1,440,000 $60,000

    During 2022, Blackhawk Community Credit Union's average interest rate for loans was 4.91%, while their most frequently originated rate bucket for loans was 3-4%, with 202 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 583 $27,705,000 $47,521 $1,254 5.06%
    $100k-200k 242 $34,170,000 $141,198 $2,027 4.60%
    $200k-400k 122 $31,740,000 $260,164 $2,396 4.73%
    $400k-600k 11 $5,455,000 $495,909 $2,812 4.55%
    $600k-1MM 2 $1,910,000 $955,000 $2,709 3.44%

    2022 saw Blackhawk Community Credit Union place emphasis on $100,000 or less loans with 583 originations, totaling $27,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 237 $20,645,000 $87,110 $2,035 5.02%
    $100k-150k 201 $23,325,000 $116,045 $2,092 5.12%
    $75k-100k 192 $22,360,000 $116,458 $1,979 4.85%
    $50k or less 183 $14,945,000 $81,667 $1,725 4.86%
    $150k-250k 69 $10,725,000 $155,435 $2,083 5.28%
    $250k+ 15 $4,965,000 $331,000 $2,487 4.51%

    Blackhawk Community Credit Union lent most frequently to those with incomes in the $50k-75k range, with 237 originations. The second most popular income band? $100k-150k, with 201 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 208 $20,160,000 $96,923 $1,931 5.00%
    30-36% 160 $15,590,000 $97,438 $1,922 5.09%
    <20% 151 $12,585,000 $83,344 $1,708 4.87%
    40% 35 $4,315,000 $123,286 $2,143 5.24%
    43% 33 $4,795,000 $145,303 $2,098 5.26%
    42% 32 $3,810,000 $119,063 $2,110 4.51%
    37% 32 $3,930,000 $122,813 $1,543 4.71%
    39% 31 $3,985,000 $128,548 $1,789 4.86%
    50-60% 30 $2,660,000 $88,667 $2,148 5.42%
    38% 29 $4,785,000 $165,000 $1,828 4.57%
    36% 26 $2,820,000 $108,462 $2,149 5.27%
    45% 23 $2,885,000 $125,435 $2,633 5.27%
    41% 22 $3,460,000 $157,273 $2,243 4.56%
    44% 21 $2,635,000 $125,476 $1,798 4.82%
    46% 18 $2,160,000 $120,000 $1,882 4.65%
    49% 14 $2,550,000 $182,143 $2,322 4.83%
    48% 12 $1,600,000 $133,333 $1,992 5.69%
    47% 11 $1,605,000 $145,909 $2,074 5.47%
    >60% 8 $500,000 $62,500 $0 4.97%

    Blackhawk Community Credit Union lent most frequently to those with DTI ratios of 20-30%, with 208 originations. The next most common DTI ratio? 30-36%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 946 $98,870,000 $104,514 $1,964 4.89%
    Not provided 2 $610,000 $305,000 $1,424 4.65%
    Asian 4 $590,000 $147,500 $1,324 4.18%
    Black 6 $540,000 $90,000 $3,060 5.43%
    American Indian 1 $315,000 $315,000 $1,930 5.25%
    Asian Indian 1 $55,000 $55,000 $0 4.99%

    Approval Rates

    Total approvals of all applications
    91.14%

    Blackhawk Community Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.67%

    Blackhawk Community Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 960 $100,980,000 $105,188

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    960 $100,980,000 $105,188

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 251 $17,675,000 $70,418 $993 4.79%
    40-60% 128 $16,850,000 $131,641 $1,637 4.64%
    60-80% 166 $32,180,000 $193,855 $2,115 4.62%
    80-100% 114 $24,220,000 $212,456 $2,634 4.88%
    Under 20% 297 $9,895,000 $33,316 $697 5.26%