Abbybank Mortgage Rates, Fees & Info
Abbotsford, WILEI: 549300ZAI389CEN8VG51
Tax ID: 39-1087461
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Mortgage Data
Review & Overview
Abbybank is a smaller bank specializing in Home Purchase and Refi loans. Abbybank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Appleton, Wausau, Madison, Oshkosh, and Shawano among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Abbybank 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. Abbybank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 12/10/23 |
| 30 Year Conventional Refi | 6.47% | 12/10/23 |
| 30 Year Cash-out Refi | 6.54% | 12/10/23 |
| 30 Year USDA Purchase | 7.15% | 12/10/23 |
| 15 Year Conventional Purchase | 5.97% | 12/10/23 |
| 15 Year Conventional Refi | 5.91% | 12/10/23 |
| 15 Year Cash-out Refi | 5.91% | 12/10/23 |
| 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. | ||
Abbybank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
245Origination Dollar Volume (All Markets)
$70,525,000Awards
AbbyBank - 2022
AbbyBank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Abbybank's average 30 year fixed mortgage rate was
4.6%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.16%.
Relative Fees (Closing Costs)
Abbybank's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,085.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 116 | $17,820,000 | $153,621 | $1,685 | 4.59% |
| APPLETON, WI (FHA|USDA|VA) | 5 | $17,595,000 | $3,519,000 | $2,732 | 4.78% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 92 | $16,620,000 | $180,652 | $1,782 | 4.59% |
| MADISON, WI (FHA|USDA|VA) | 1 | $9,425,000 | $9,425,000 | $0 | 4.37% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $4,235,000 | $4,235,000 | $0 | 3.25% |
| Shawano, WI (FHA|USDA|VA) | 10 | $1,570,000 | $157,000 | $1,283 | 4.99% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $1,388 | 4.35% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $2,013 | 5.77% |
| Stevens Point, WI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,008 | 4.62% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $1,445 | 2.94% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $2,965 | 4.75% |
| GREEN BAY, WI (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $1,117 | 5.13% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,582 | 4.25% |
| FOND DU LAC, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against AbbyBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 57
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Similarity Rank: 540
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Similarity Rank: 819
Similarity Rank: 1000
Similarity Rank: 1056
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 242 | $70,160,000 | $289,917 | $1,734 | 4.61% |
| USDA | 3 | $365,000 | $121,667 | $3,293 | 4.46% |
For 2022, Abbybank's most frequently originated type of loan was Conventional, with 242 originations. Their 2nd most popular type was USDA, with 3 originations.
Loan Reason
For 2022, Abbybank's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Refi, with 45 originations.
Loan Duration/Length
For 2022, Abbybank's most frequently cited loan duration was 30 Year, with 125 originations. The 2nd most popular length was 10 Year, with 31 originations.
Origination Fees/Closing Costs
Abbybank's average total fees were $2,085, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 159 originations.
Interest Rates
During 2022, Abbybank's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 3-4%, with 83 originations.
Loan Sizing
2022 saw Abbybank place emphasis on $100k-200k loans with 106 originations, totaling $15,480,000 in origination value.
Applicant Income
Abbybank lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $100k-150k, with 48 originations.
Applicant Debt to Income Ratio
Abbybank lent most frequently to those with DTI ratios of 20-30%, with 72 originations. The next most common DTI ratio? 30-36%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.23%
Abbybank has an average approval rate.
Pick Rate
Approvals leading to origination73.47%
Abbybank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 245 | $70,525,000 | $287,857 |