Bank Of Sun Prairie Mortgage Rates, Fees & Info

Sun Prairie,

LEI: 6354007NTMKKVRFIIP73

Tax ID: 39-0148140

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

    Bank Of Sun Prairie is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Sun Prairie has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Eau Claire, Janesville, Milwaukee, and Beaver Dam among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Sun Prairie has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bank Of Sun Prairie 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 6.24% 4/28/24
    30 Year Conventional Refi 6.23% 4/28/24
    30 Year Cash-out Refi 6.43% 4/28/24
    30 Year FHA Purchase 6.27% 4/28/24
    15 Year Conventional Purchase 5.58% 4/28/24
    15 Year Conventional Refi 5.90% 4/28/24
    15 Year Cash-out Refi 5.90% 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.

    Bank Of Sun Prairie Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bank Of Sun Prairie. 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

    239

    Origination Dollar Volume (All Markets)

    $128,735,000

    Awards

    Bank of Sun Prairie 30 Year Conventional Loans bronze Bank of Sun Prairie 30 Year Conventional Loans bronze Bank of Sun Prairie 30 Year Conventional Loans bronze
    Show all (3) 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
    MADISON, WI (FHA|USDA|VA) 189 $96,405,000 $510,079 $2,834 4.35%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $18,690,000 $9,345,000 $2,958 4.31%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 14 $4,560,000 $325,714 $3,393 4.87%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 9 $3,395,000 $377,222 $2,583 3.97%
    Outside of Metro Areas 10 $2,820,000 $282,000 $2,414 4.46%
    Beaver Dam, WI (FHA|USDA|VA) 8 $1,650,000 $206,250 $2,591 4.18%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $525,000 $175,000 $2,822 3.96%
    Baraboo, WI (FHA|USDA|VA) 2 $490,000 $245,000 $2,186 4.31%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.88%
    RACINE, WI (FHA|USDA|VA) 1 $25,000 $25,000 $464 7.00%
    Bank Of Sun Prairie's top markets include Madison, Eau Claire, Janesville, Milwaukee, and Beaver Dam among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank of Sun Prairie based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    EDUCATORS CREDIT UNION
    Similarity Rank: 50
    Landmark Credit Union
    Similarity Rank: 156
    Blackhawk Community Credit Union
    Similarity Rank: 255
    First Community Credit Union
    Similarity Rank: 260
    Hometown Bank
    Similarity Rank: 323
    Farmers & Merchants State Bank
    Similarity Rank: 338
    Bank of Deerfield
    Similarity Rank: 403
    Starion Bank
    Similarity Rank: 418
    The Park Bank
    Similarity Rank: 484
    State Bank of Cross Plains
    Similarity Rank: 504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 239 $128,735,000 $538,640 $2,821 4.37%

    For 2022, Bank Of Sun Prairie's most frequently originated type of loan was Conventional, with 239 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 138 $73,410,000 $531,957 $3,397 4.51%
    Refi 83 $41,245,000 $496,928 $1,832 4.25%
    Cash Out Refi 14 $3,320,000 $237,143 $3,114 3.63%
    Home Improvement 3 $10,335,000 $3,445,000 $0 5.35%
    Other 1 $425,000 $425,000 $3,866 2.63%

    For 2022, Bank Of Sun Prairie's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 182 $49,410,000 $271,484 $2,843 4.41%
    5 Year 36 $74,780,000 $2,077,222 $0 4.06%
    15 Year 11 $2,445,000 $222,273 $2,934 3.75%
    1 Year 4 $880,000 $220,000 $0 5.94%
    20 Year 3 $295,000 $98,333 $1,943 4.38%
    Other 1 $855,000 $855,000 $0 3.63%
    3 Year 1 $35,000 $35,000 $0 5.82%
    10 Year 1 $35,000 $35,000 $701 7.50%

    For 2022, Bank Of Sun Prairie's most frequently cited loan duration was 30 Year, with 182 originations. The 2nd most popular length was 5 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 127 $32,525,000 $256,102
    $1k-2k 20 $5,840,000 $292,000
    $2k-3k 13 $3,335,000 $256,538
    $5k+ 7 $2,415,000 $345,000
    $3k-4k 5 $1,745,000 $349,000
    $4k-5k 2 $370,000 $185,000

    Bank Of Sun Prairie's average total fees were $2,843, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 127 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 81 $37,695,000 $465,370
    4-5% 69 $69,235,000 $1,003,406
    5-6% 48 $12,390,000 $258,125
    6-7% 15 $2,635,000 $175,667
    2.5-3% 14 $3,910,000 $279,286
    <2.5% 9 $2,425,000 $269,444
    7-8% 2 $60,000 $30,000

    During 2022, Bank Of Sun Prairie's average interest rate for loans was 4.41%, while their most frequently originated rate bucket for loans was 3-4%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 114 $31,670,000 $277,807 $3,011 4.34%
    $100k-200k 55 $8,655,000 $157,364 $2,643 4.45%
    $400k-600k 31 $14,545,000 $469,194 $4,126 3.97%
    $100,000 or less 20 $1,030,000 $51,500 $789 5.25%
    $1MM+ 10 $66,590,000 $6,659,000 $4,873 4.27%
    $600k-1MM 9 $6,245,000 $693,889 $2,216 3.87%

    2022 saw Bank Of Sun Prairie place emphasis on $200k-400k loans with 114 originations, totaling $31,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $14,815,000 $290,490 $3,146 4.43%
    $150k-250k 38 $11,460,000 $301,579 $2,736 3.98%
    $50k-75k 35 $7,205,000 $205,857 $2,867 4.52%
    $75k-100k 32 $7,310,000 $228,438 $2,548 4.53%
    $50k or less 24 $3,850,000 $160,417 $2,273 4.65%
    $250k+ 16 $7,120,000 $445,000 $3,869 4.35%

    Bank Of Sun Prairie lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 50 $13,080,000 $261,600 $3,029 4.47%
    30-36% 43 $10,545,000 $245,233 $2,523 4.58%
    <20% 24 $6,080,000 $253,333 $2,406 3.80%
    44% 11 $2,515,000 $228,636 $3,281 4.69%
    46% 8 $2,750,000 $343,750 $2,687 4.77%
    38% 7 $2,245,000 $320,714 $4,485 4.70%
    39% 6 $1,860,000 $310,000 $2,670 4.52%
    37% 6 $1,710,000 $285,000 $3,006 3.75%
    49% 6 $1,190,000 $198,333 $2,018 4.60%
    45% 6 $1,770,000 $295,000 $3,261 3.90%
    43% 6 $1,690,000 $281,667 $3,122 3.90%
    42% 5 $1,615,000 $323,000 $2,268 3.58%
    36% 5 $1,635,000 $327,000 $3,729 4.88%
    40% 5 $1,295,000 $259,000 $2,329 4.40%
    41% 5 $1,055,000 $211,000 $2,811 4.75%
    48% 3 $965,000 $321,667 $2,913 5.00%
    47% 2 $110,000 $55,000 $313 5.63%
    50-60% 2 $730,000 $365,000 $2,201 4.23%
    >60% 1 $35,000 $35,000 $0 5.82%

    Bank Of Sun Prairie lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 38 $75,860,000 $1,996,316 $0 4.16%
    White 155 $41,495,000 $267,710 $2,807 4.43%
    Not provided 32 $8,060,000 $251,875 $2,627 4.23%
    American Indian 4 $1,140,000 $285,000 $3,277 4.16%
    Black 6 $1,110,000 $185,000 $3,628 4.98%
    Asian 4 $1,070,000 $267,500 $3,321 4.44%

    Approval Rates

    Total approvals of all applications
    93.69%

    Bank Of Sun Prairie has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.89%

    Bank Of Sun Prairie has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 239 $128,735,000 $538,640

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    239 $128,735,000 $538,640

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $2,490,000 $138,333 $1,352 4.56%
    40-60% 30 $47,790,000 $1,593,000 $2,639 4.21%
    60-80% 89 $44,845,000 $503,876 $3,073 4.11%
    80-100% 88 $32,090,000 $364,659 $3,373 4.46%
    Under 20% 14 $1,520,000 $108,571 $584 5.57%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    BANK OF AMERICA, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Closing on a mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 7 46.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION FHA mortgage Struggling to pay mortgage 1 6.7%
    BANK OF AMERICA, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 6.7%