Charter Bank Mortgage Rates, Fees & Info
Eau Claire, WILEI: 549300Y9VUF5EK6HHR23
Tax ID: 39-1343265
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Charter Bank is a smaller bank specializing in Home Purchase loans. Charter Bank has a high proportion of conventional loans. Their top markets by origination volume include: Eau Claire, Minneapolis, Menomonie, Wausau, and Mankato among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Charter Bank 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.
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Originations
158Origination Dollar Volume (All Markets)
$80,740,000Top 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 |
|---|---|---|---|---|---|
| EAU CLAIRE, WI (FHA|USDA|VA) | 87 | $47,875,000 | $550,287 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 27 | $18,425,000 | $682,407 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $10,865,000 | $350,484 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 8 | $1,680,000 | $210,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Charter Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 84
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $80,740,000 | $511,013 | $0 | 0.00% |
For 2022, Charter Bank's most frequently originated type of loan was Conventional, with 158 originations.
Loan Reason
For 2022, Charter Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 158 | $80,740,000 | $511,013 | $0 | 0.00% |
For 2022, Charter Bank's most frequently cited loan duration was Other, with 158 originations.
Loan Sizing
2022 saw Charter Bank place emphasis on $200k-400k loans with 51 originations, totaling $14,045,000 in origination value.
Applicant Income
Charter Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $250k+, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 158 | $80,740,000 | $511,013 | $0 | 0.00% |
Charter Bank lent most frequently to those with DTI ratios of Exempt%, with 158 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.86%
Charter Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.81%
Charter Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 158 | $80,740,000 | $511,013 |