Abbybank Mortgage Rates, Fees & Info
Abbotsford, WILEI: 549300ZAI389CEN8VG51
Tax ID: 39-1087461
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 4/28/24 |
| 30 Year Conventional Refi | 6.47% | 4/28/24 |
| 30 Year Cash-out Refi | 6.54% | 4/28/24 |
| 30 Year USDA Purchase | 7.15% | 4/28/24 |
| 15 Year Conventional Purchase | 5.97% | 4/28/24 |
| 15 Year Conventional Refi | 5.91% | 4/28/24 |
| 15 Year Cash-out Refi | 5.91% | 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. | ||
Abbybank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Abbybank. 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
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.
Work for AbbyBank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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: 112
Similarity Rank: 114
Similarity Rank: 132
Similarity Rank: 420
Similarity Rank: 429
Similarity Rank: 800
Similarity Rank: 828
Similarity Rank: 1188
Similarity Rank: 1540
Similarity Rank: 2214
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 |