Beaver Dam Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Beaver Dam averaged
6.04%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.74% and
one month ago for the week of 2024-09-05, the
average rate was 5.97%.
Beaver Dam's average rate one year ago was 7.31%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.92%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Beaver Dam 30 Year Fixed Rate | 2024-10-10 | 6.04% |
| Beaver Dam 30 Year Fixed Rate Refi | 2024-10-10 | 6.92% |
| Beaver Dam 15 Year Fixed Rate | 2024-10-10 | 5.51% |
| Beaver Dam 15 Year Fixed Rate Refi | 2024-10-10 | 5.51% |
| Beaver Dam 30 Year FHA | 2024-10-10 | 6.1% |
| Beaver Dam 30 Year FHA Refi | 2024-10-10 | 6% |
| Beaver Dam 30 Year USDA | 2024-10-10 | 6.18% |
| Beaver Dam 30 Year USDA Refi | 2024-10-10 | 6.18% |
| Beaver Dam 30 Year VA | 2024-10-10 | 5.93% |
| Beaver Dam 30 Year VA Refi | 2024-10-10 | 5.65% |
Beaver Dam Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Beaver Dam, WI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Beaver Dam Average Closing Costs & Other Stats
Beaver Dam, WI's 104 lenders originated 2,018
loans during 2023. The total origination value was $300,320,000, with an average loan value of
$148,821.
Beaver Dam's average closing costs are $3,289.
The top Beaver Dam lender as defined by loan originations is Summit Credit Union, with
97 loans originated. Their average total fees are
$2,428, which is $548
higher than the next largest lender,
Horicon Bank.
The lowest fee Beaver Dam lenders (with over 10 loans originated) are
National Exchange Bank and Trust ($1,617), Horicon Bank ($1,880), Landmark Credit Union ($2,092), Associated Bank ($2,298) and Summit Credit Union ($2,428).
The lowest rate Beaver Dam lenders (with over 10 loans originated) are
National Exchange Bank and Trust (6.06%), University of Wisconsin Credit Union (6.15%), Landmark Credit Union (6.43%), Summit Credit Union (6.56%) and Associated Bank (6.63%).
Beaver Dam, WI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Summit Credit Union | $39,240,000 | $44,850,000 | 14.3% | 14.9% |
| Landmark Credit Union | $31,535,000 | $27,170,000 | -13.8% | 9.0% |
| Horicon Bank | $23,575,000 | $20,550,000 | -12.8% | 6.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $17,290,000 | $11,995,000 | -30.6% | 4.0% |
| National Exchange Bank and Trust | $11,770,000 | $10,170,000 | -13.6% | 3.4% |
| Community First Credit Union | $3,455,000 | $8,095,000 | 134.3% | 2.7% |
| QUICKEN LOANS, LLC | $12,170,000 | $8,085,000 | -33.6% | 2.7% |
| Associated Bank | $9,895,000 | $7,985,000 | -19.3% | 2.7% |
| University of Wisconsin Credit Union | $8,375,000 | $7,815,000 | -6.7% | 2.6% |
| MOVEMENT MORTGAGE, LLC | $5,840,000 | n/a | 1.9% | |
| UNITED WHOLESALE MORTGAGE, LLC | $5,540,000 | $5,570,000 | 0.5% | 1.9% |
| Mortgage Research Center, LLC | $3,435,000 | $5,340,000 | 55.5% | 1.8% |
| Bank Five Nine | $7,070,000 | $4,895,000 | -30.8% | 1.6% |
| BMO Harris Bank | $7,825,000 | $4,290,000 | -45.2% | 1.4% |
| GUILD MORTGAGE COMPANY | $1,670,000 | $3,920,000 | 134.7% | 1.3% |
| Deere Employees Credit Union | $4,135,000 | $3,810,000 | -7.9% | 1.3% |
| CMG MORTGAGE, INC. | $5,775,000 | $3,785,000 | -34.5% | 1.3% |
| Prosperity Home Mortgage, LLC | $3,435,000 | $3,465,000 | 0.9% | 1.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,745,000 | $3,380,000 | 23.1% | 1.1% |
| Barrington Bank & Trust Company, N.A. | $2,435,000 | $3,215,000 | 32.0% | 1.1% |
| NEWREZ LLC | $5,185,000 | $3,155,000 | -39.2% | 1.1% |
| THOMPSON KANE & COMPANY, LLC | $2,450,000 | $3,020,000 | 23.3% | 1.0% |
| U.S. Bank | $7,520,000 | $2,970,000 | -60.5% | 1.0% |
| Johnson Bank | $2,880,000 | $2,930,000 | 1.7% | 1.0% |
| Bank First, N.A. | $3,705,000 | $2,705,000 | -27.0% | 0.9% |
| Farmers and Merchants Union Bank | $4,885,000 | $2,355,000 | -51.8% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,825,000 | $2,315,000 | -18.1% | 0.8% |
| Fox Valley Savings Bank | $4,365,000 | $2,250,000 | -48.5% | 0.7% |
| GUARANTEED RATE, INC. | $2,150,000 | $2,220,000 | 3.3% | 0.7% |
| A + MORTGAGE SERVICES, INC. | $2,565,000 | $2,090,000 | -18.5% | 0.7% |
| MARINE | $3,335,000 | $2,065,000 | -38.1% | 0.7% |
| CORNERSTONE HOME LENDING, INC. | $290,000 | $2,035,000 | 601.7% | 0.7% |
| Waukesha State Bank | $3,590,000 | $2,000,000 | -44.3% | 0.7% |
| WaterStone Bank, SSB | $3,170,000 | $1,965,000 | -38.0% | 0.7% |
| North Shore Bank FSB | $1,285,000 | $1,915,000 | 49.0% | 0.6% |
| CARDINAL FINANCIAL | $2,360,000 | $1,800,000 | -23.7% | 0.6% |
| PLANET HOME LENDING, LLC | $2,785,000 | $1,790,000 | -35.7% | 0.6% |
| Ixonia Bank | $1,855,000 | $1,755,000 | -5.4% | 0.6% |
| PremierBank | $8,180,000 | $1,650,000 | -79.8% | 0.5% |
| COMPEER FINANCIAL, FLCA | $2,935,000 | $1,545,000 | -47.4% | 0.5% |
| GSF Mortgage Corporation | $925,000 | $1,545,000 | 67.0% | 0.5% |
| GUARANTEED RATE AFFINITY, LLC | $740,000 | $1,545,000 | 108.8% | 0.5% |
| SUCCESS MORTGAGE PARTNERS, INC. | $1,695,000 | $1,525,000 | -10.0% | 0.5% |
| Bank of Sun Prairie | $1,650,000 | $1,385,000 | -16.1% | 0.5% |
| EDUCATORS CREDIT UNION | $990,000 | $1,330,000 | 34.3% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $3,430,000 | $1,315,000 | -61.7% | 0.4% |
| Bell Bank | $2,370,000 | $1,300,000 | -45.1% | 0.4% |
| The Huntington National Bank | $335,000 | $1,295,000 | 286.6% | 0.4% |
| BROKER SOLUTIONS, INC. | $1,350,000 | $1,240,000 | -8.1% | 0.4% |
| Bank of Deerfield | $1,155,000 | $1,200,000 | 3.9% | 0.4% |
| LOANDEPOT.COM, LLC | $3,485,000 | $1,180,000 | -66.1% | 0.4% |
| WISCONSIN MORTGAGE CORPORATION | $2,380,000 | $1,180,000 | -50.4% | 0.4% |
| Bank of England | $1,600,000 | $1,120,000 | -30.0% | 0.4% |
| Westbury Bank | $1,215,000 | $1,110,000 | -8.6% | 0.4% |
| V.I.P. MORTGAGE, INC. | $540,000 | $1,040,000 | 92.6% | 0.3% |
| JPMorgan Chase Bank | $4,995,000 | $1,030,000 | -79.4% | 0.3% |
| FORTE BANK | $2,605,000 | $1,000,000 | -61.6% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $1,510,000 | $965,000 | -36.1% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $3,160,000 | $960,000 | -69.6% | 0.3% |
| Bank of America | $565,000 | $920,000 | 62.8% | 0.3% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $165,000 | $915,000 | 454.5% | 0.3% |
| Flagstar Bank, FSB | $1,680,000 | $900,000 | -46.4% | 0.3% |
| Dollar Bank, Federal Savings Bank | $835,000 | n/a | 0.3% | |
| Farmers & Merchants State Bank | $2,255,000 | $790,000 | -65.0% | 0.3% |
| First Federal Bank | $1,010,000 | $775,000 | -23.3% | 0.3% |
| The Bank of Brodhead | $765,000 | n/a | 0.3% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $1,195,000 | $730,000 | -38.9% | 0.2% |
| Heartland Credit Union (Madison) | $785,000 | $725,000 | -7.6% | 0.2% |
| WINGS FINANCIAL | $715,000 | n/a | 0.2% | |
| Glacier Hills Credit Union | $1,220,000 | $680,000 | -44.3% | 0.2% |
| State Bank of Cross Plains | $1,100,000 | $680,000 | -38.2% | 0.2% |
| The Port Washington State Bank | $475,000 | $675,000 | 42.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $125,000 | $660,000 | 428.0% | 0.2% |
| NAVY FEDERAL CREDIT UNION | $1,990,000 | $655,000 | -67.1% | 0.2% |
| Wells Fargo Bank | $4,430,000 | $645,000 | -85.4% | 0.2% |
| Nations Lending Corporation | $1,325,000 | $625,000 | -52.8% | 0.2% |
| NexBank | $625,000 | n/a | 0.2% | |
| TOWNE MORTGAGE COMPANY | $255,000 | $590,000 | 131.4% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $175,000 | $570,000 | 225.7% | 0.2% |
| FIRST STATE MORTGAGE SERVICES, LLC | $810,000 | $565,000 | -30.2% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $870,000 | $560,000 | -35.6% | 0.2% |
| Old National Bank | $1,415,000 | $555,000 | -60.8% | 0.2% |
| ENDEAVOR CAPITAL, LLC. | $525,000 | n/a | 0.2% | |
| The Bank of New Glarus | $155,000 | $525,000 | 238.7% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $145,000 | $520,000 | 258.6% | 0.2% |
| Mid-Continent Funding, Inc. | $205,000 | $510,000 | 148.8% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $1,435,000 | $500,000 | -65.2% | 0.2% |
| Arvest Bank | $470,000 | n/a | 0.2% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $465,000 | n/a | 0.2% | |
| VERVE, A CREDIT UNION | $1,095,000 | $465,000 | -57.5% | 0.2% |
| Servion, Inc. | $695,000 | $440,000 | -36.7% | 0.1% |
| Great Midwest Bank, S.S.B. | $320,000 | $425,000 | 32.8% | 0.1% |
| Citizens State Bank | $415,000 | n/a | 0.1% | |
| Farmers Savings Bank | $390,000 | n/a | 0.1% | |
| Waterstone Mortgage Corporation | $3,325,000 | $390,000 | -88.3% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,790,000 | $360,000 | -79.9% | 0.1% |
| Key Mortgage Services, Inc. | $345,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $340,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $560,000 | $335,000 | -40.2% | 0.1% |
| FIDELITY BANK | $325,000 | n/a | 0.1% | |
| East Wisconsin Savings Bank | $315,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $375,000 | $315,000 | -16.0% | 0.1% |
| Carrington Mortgage Services, LLC | $1,545,000 | $310,000 | -79.9% | 0.1% |
| M&T Bank | $305,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $175,000 | $305,000 | 74.3% | 0.1% |
| Badger Bank | $725,000 | $300,000 | -58.6% | 0.1% |
| Morgan Stanley Private Bank | $295,000 | n/a | 0.1% | |
| THRIVENT Federal Credit Union | $295,000 | n/a | 0.1% | |
| Charles Schwab Bank, SSB | $285,000 | n/a | 0.1% | |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $285,000 | n/a | 0.1% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $275,000 | n/a | 0.1% | |
| CoVantage Credit Union | $130,000 | $265,000 | 103.8% | 0.1% |
| Think Mutual Bank | $265,000 | n/a | 0.1% | |
| Discover Bank | $360,000 | $255,000 | -29.2% | 0.1% |
| PHH Mortgage Corporation | $255,000 | n/a | 0.1% | |
| Bankers' Bank | $2,050,000 | $250,000 | -87.8% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $670,000 | $245,000 | -63.4% | 0.1% |
| Citizens Bank | $370,000 | $235,000 | -36.5% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $235,000 | n/a | 0.1% | |
| AXIA FINANCIAL, LLC | $905,000 | $225,000 | -75.1% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $225,000 | n/a | 0.1% | |
| West Pointe Bank | $285,000 | $225,000 | -21.1% | 0.1% |
| Fortifi Bank | $495,000 | $215,000 | -56.6% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $215,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $215,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $270,000 | $215,000 | -20.4% | 0.1% |
| Figure Lending LLC | $105,000 | $205,000 | 95.2% | 0.1% |
| Town Bank, N.A. | $675,000 | $205,000 | -69.6% | 0.1% |
| CALIBER HOME LOANS, INC. | $1,990,000 | $190,000 | -90.5% | 0.1% |
| PNC Bank | $1,315,000 | $190,000 | -85.6% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $330,000 | $185,000 | -43.9% | 0.1% |
| INB | $185,000 | n/a | 0.1% | |
| NATIONS RELIABLE LENDING, LLC | $320,000 | $185,000 | -42.2% | 0.1% |
| Tri City National Bank | $185,000 | n/a | 0.1% | |
| VERITAS FUNDING, LLC | $185,000 | n/a | 0.1% | |
| ALLIANT | $175,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $305,000 | $175,000 | -42.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $175,000 | n/a | 0.1% | |
| Regions Bank | $175,000 | $175,000 | 0.0% | 0.1% |
| The Federal Savings Bank | $175,000 | n/a | 0.1% | |
| FOX COMMUNITIES | $185,000 | $170,000 | -8.1% | 0.1% |
| CIBM Bank | $590,000 | $165,000 | -72.0% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $165,000 | n/a | 0.1% | |
| Prevail Bank | $165,000 | n/a | 0.1% | |
| Summit Mortgage Corporation | $320,000 | $165,000 | -48.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $340,000 | $155,000 | -54.4% | 0.1% |
| Capitol Bank | $155,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $125,000 | $155,000 | 24.0% | 0.1% |
| Honor Credit Union | $155,000 | n/a | 0.1% | |
| NEXERA HOLDING LLC | $155,000 | n/a | 0.1% | |
| Nicolet National Bank | $325,000 | $155,000 | -52.3% | 0.1% |
| First National Bank of Omaha | $150,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $635,000 | $145,000 | -77.2% | 0.0% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $695,000 | $140,000 | -79.9% | 0.0% |
| First-Citizens Bank & Trust Company | $125,000 | n/a | 0.0% | |
| Guardian Credit Union | $590,000 | $125,000 | -78.8% | 0.0% |
| UIF CORPORATION | $125,000 | n/a | 0.0% | |
| First American Bank | $220,000 | $120,000 | -45.5% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $115,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $115,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $210,000 | $115,000 | -45.2% | 0.0% |
| GATEWAY MORTGAGE CORPORATION | $105,000 | n/a | 0.0% | |
| Kohler Credit Union | $540,000 | $105,000 | -80.6% | 0.0% |
| 21ST MORTGAGE CORPORATION | $230,000 | $100,000 | -56.5% | 0.0% |
| CO-OP Credit Union | $85,000 | n/a | 0.0% | |
| Coastal Community Bank | $80,000 | n/a | 0.0% | |
| Centier Bank | $45,000 | $75,000 | 66.7% | 0.0% |
| Plains Commerce Bank | $65,000 | n/a | 0.0% | |
| ALTRA | $55,000 | n/a | 0.0% | |
| CAPITAL Credit Union | $505,000 | $55,000 | -89.1% | 0.0% |
| IDEAL | $195,000 | $55,000 | -71.8% | 0.0% |
| The Bank of Elk River | $55,000 | n/a | 0.0% | |
| AFFINITY PLUS | $45,000 | n/a | 0.0% | |
| Connexus Credit Union | $45,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $45,000 | n/a | 0.0% | |
| Wolf River Community Bank | $35,000 | n/a | 0.0% |
Beaver Dam's top lender by overall market share is Summit Credit Union, with 14.9% market share. In second place, with 9.0%, is Landmark Credit Union, having originated $27,170,000 in loans. In third place, with 6.8%, is Horicon Bank, having originated $20,550,000 in loans. In fourth place, with 4.0%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $11,995,000 in loans. In fifth place, with 3.4%, is National Exchange Bank and Trust, having originated $10,170,000 in loans.
Beaver Dam, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 844 | $198,080,000 | $234,692 |
| Home Improvement | 344 | $20,770,000 | $60,378 |
| Other | 320 | $17,670,000 | $55,219 |
| Refi | 258 | $29,800,000 | $115,504 |
| Cash Out Refi | 252 | $34,000,000 | $134,921 |
Beaver Dam's most frequently cited loan purpose was Home Purchase, with 844 originations. The 2nd most popular reason was Home Improvement, with 344 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 521 | $116,575,000 | $223,752 |
| 7-8% | 455 | $70,055,000 | $153,967 |
| Over 8% | 328 | $24,930,000 | $76,006 |
| 5-6% | 256 | $48,210,000 | $188,320 |
| <2.5% | 218 | $13,950,000 | $63,991 |
| 3-4% | 87 | $6,035,000 | $69,368 |
| 4-5% | 80 | $7,540,000 | $94,250 |
| 2.5-3% | 34 | $2,850,000 | $83,824 |
During 2023, Beaver Dam's most frequently originated rate bucket was 6-7%, with 521 originations.
Loan Sizing (Beaver Dam, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 891 | $42,405,000 | $47,593 |
| $100k-200k | 594 | $87,470,000 | $147,256 |
| $200k-400k | 472 | $127,520,000 | $270,169 |
| $400k-600k | 50 | $23,690,000 | $473,800 |
| $600k-1000k | 7 | $5,045,000 | $720,714 |
| $Over $1MM | 4 | $14,190,000 | $3,547,500 |
Beaver Dam's loan sizing saw the bucket of loans from $100,000 or less with 891 originations, totaling $42,405,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 551 | $126,615,000 | $229,791 |
| Under 20% | 503 | $20,405,000 | $40,567 |
| 20-40% | 428 | $34,410,000 | $80,397 |
| 60-80% | 313 | $78,285,000 | $250,112 |
| 40-60% | 166 | $25,670,000 | $154,639 |
| Over 100% | 14 | $4,150,000 | $296,429 |
Beaver Dam's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 551 originations, totaling $126,615,000 in origination value.