Manitowoc Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Manitowoc averaged
6.77%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.91% and
one month ago for the week of 2023-08-10, the
average rate was 6.75%.
Manitowoc's average rate one year ago was 5.58%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.29%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Manitowoc 30 Year Fixed Rate | 2023-09-14 | 6.77% |
| Manitowoc 30 Year Fixed Rate Refi | 2023-09-14 | 6.29% |
| Manitowoc 15 Year Fixed Rate | 2023-09-14 | 6.41% |
| Manitowoc 15 Year Fixed Rate Refi | 2023-09-14 | 5.43% |
| Manitowoc 30 Year FHA | 2023-09-14 | 6.77% |
| Manitowoc 30 Year FHA Refi | 2023-09-14 | 7.19% |
| Manitowoc 30 Year USDA | 2023-09-14 | 6.88% |
| Manitowoc 30 Year USDA Refi | 2023-09-14 | 6.98% |
| Manitowoc 30 Year VA | 2023-09-14 | 6.79% |
| Manitowoc 30 Year VA Refi | 2023-09-14 | 6.61% |
Manitowoc 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 Manitowoc, 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.).
Manitowoc Average Closing Costs & Other Stats
Manitowoc, WI's 104 lenders originated 2,281
loans during 2022. The total origination value was $324,885,000, with an average loan value of
$142,431.
Manitowoc's average closing costs are $2,882.
The top Manitowoc lender as defined by loan originations is Bank First, N.A., with
105 loans originated. Their average total fees are
$2,092, which is $687
higher than the next largest lender,
UNITEDONE Credit Union.
The lowest fee Manitowoc lenders (with over 10 loans originated) are
FOX COMMUNITIES ($863), UNITEDONE Credit Union ($1,404), Community First Credit Union ($1,967), Denmark State Bank ($2,049) and Bank First, N.A. ($2,092).
The lowest rate Manitowoc lenders (with over 10 loans originated) are
Kohler Credit Union (3.86%), VERVE, A CREDIT UNION (3.86%), UNITEDONE Credit Union (3.91%), Community First Credit Union (4.17%) and Denmark State Bank (4.21%).
Manitowoc, 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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Bank First, N.A. | $99,245,000 | $44,275,000 | -55.4% | 13.6% |
| UNITEDONE Credit Union | $26,015,000 | $25,375,000 | -2.5% | 7.8% |
| Community First Credit Union | $25,580,000 | $23,180,000 | -9.4% | 7.1% |
| FOX COMMUNITIES | $13,155,000 | $16,245,000 | 23.5% | 5.0% |
| Associated Bank | $19,910,000 | $14,560,000 | -26.9% | 4.5% |
| Collins State Bank | $18,250,000 | $12,135,000 | -33.5% | 3.7% |
| QUICKEN LOANS, LLC | $20,510,000 | $11,745,000 | -42.7% | 3.6% |
| U.S. Bank | $17,920,000 | $9,410,000 | -47.5% | 2.9% |
| Nicolet National Bank | $7,110,000 | $8,570,000 | 20.5% | 2.6% |
| FINANCE OF AMERICA MORTGAGE LLC | $8,435,000 | $8,410,000 | -0.3% | 2.6% |
| Cleveland State Bank | $7,625,000 | $6,100,000 | -20.0% | 1.9% |
| Kohler Credit Union | $4,125,000 | $5,865,000 | 42.2% | 1.8% |
| First Federal Bank | $22,565,000 | $5,770,000 | -74.4% | 1.8% |
| Johnson Bank | $12,335,000 | $5,750,000 | -53.4% | 1.8% |
| Mortgage Research Center, LLC | $4,615,000 | $5,290,000 | 14.6% | 1.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,490,000 | $5,245,000 | 50.3% | 1.6% |
| Denmark State Bank | $13,760,000 | $5,115,000 | -62.8% | 1.6% |
| Wells Fargo Bank | $8,380,000 | $4,090,000 | -51.2% | 1.3% |
| GreenStone Farm Credit Services, FLCA | $4,850,000 | $3,770,000 | -22.3% | 1.2% |
| BMO Harris Bank | $5,715,000 | $3,695,000 | -35.3% | 1.1% |
| INLANTA MORTGAGE, INC. | $6,070,000 | $3,135,000 | -48.4% | 1.0% |
| VERVE, A CREDIT UNION | $4,325,000 | $2,905,000 | -32.8% | 0.9% |
| LOANDEPOT.COM, LLC | $1,825,000 | $2,855,000 | 56.4% | 0.9% |
| National Exchange Bank and Trust | $3,570,000 | $2,545,000 | -28.7% | 0.8% |
| PLANET HOME LENDING, LLC | $7,435,000 | $2,470,000 | -66.8% | 0.8% |
| BROKER SOLUTIONS, INC. | $3,030,000 | $2,450,000 | -19.1% | 0.8% |
| MARINE | $1,940,000 | $2,380,000 | 22.7% | 0.7% |
| HOME POINT FINANCIAL CORPORATION | $445,000 | $2,315,000 | 420.2% | 0.7% |
| Servion, Inc. | $11,455,000 | $2,305,000 | -79.9% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,825,000 | $2,210,000 | 21.1% | 0.7% |
| Nations Lending Corporation | $95,000 | $2,115,000 | 2,126.3% | 0.7% |
| Waterstone Mortgage Corporation | $1,140,000 | $1,930,000 | 69.3% | 0.6% |
| GUARANTEED RATE, INC. | $4,490,000 | $1,895,000 | -57.8% | 0.6% |
| TOWNE MORTGAGE COMPANY | $2,610,000 | $1,880,000 | -28.0% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $1,240,000 | $1,740,000 | 40.3% | 0.5% |
| Oostburg State Bank | $400,000 | $1,735,000 | 333.8% | 0.5% |
| Old National Bank | $415,000 | $1,705,000 | 310.8% | 0.5% |
| State Bank of Chilton | $3,385,000 | $1,665,000 | -50.8% | 0.5% |
| CAPITAL Credit Union | $2,530,000 | $1,625,000 | -35.8% | 0.5% |
| Paramount Residential Mortgage Group, Inc. | $915,000 | $1,590,000 | 73.8% | 0.5% |
| Greenleaf Wayside Bank | $1,565,000 | n/a | 0.5% | |
| AMERISAVE MORTGAGE CORPORATION | $3,440,000 | $1,550,000 | -54.9% | 0.5% |
| University of Wisconsin Credit Union | $1,580,000 | $1,495,000 | -5.4% | 0.5% |
| Hometown Bank | $995,000 | $1,490,000 | 49.7% | 0.5% |
| PCM | $825,000 | $1,400,000 | 69.7% | 0.4% |
| ENVOY MORTGAGE, LTD | $2,430,000 | $1,355,000 | -44.2% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,645,000 | $1,285,000 | -21.9% | 0.4% |
| NEWREZ LLC | $3,335,000 | $1,250,000 | -62.5% | 0.4% |
| Summit Credit Union | $1,605,000 | $1,250,000 | -22.1% | 0.4% |
| CIBM Bank | $2,535,000 | $1,225,000 | -51.7% | 0.4% |
| Bank of Luxemburg | $1,050,000 | $1,210,000 | 15.2% | 0.4% |
| JPMorgan Chase Bank | $1,170,000 | $1,210,000 | 3.4% | 0.4% |
| Flagstar Bank, FSB | $2,140,000 | $1,195,000 | -44.2% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $1,440,000 | $1,150,000 | -20.1% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $1,810,000 | $1,105,000 | -39.0% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,675,000 | $1,020,000 | -39.1% | 0.3% |
| CHERRY CREEK MORTGAGE, LLC | $1,700,000 | $1,005,000 | -40.9% | 0.3% |
| Waldo State Bank | $830,000 | $940,000 | 13.3% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $670,000 | $920,000 | 37.3% | 0.3% |
| Ally Bank | $445,000 | $910,000 | 104.5% | 0.3% |
| DMB Community Bank | $885,000 | n/a | 0.3% | |
| PENNYMAC LOAN SERVICES, LLC | $2,365,000 | $870,000 | -63.2% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $3,190,000 | $830,000 | -74.0% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $4,800,000 | $810,000 | -83.1% | 0.2% |
| Capitol Bank | $805,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $1,450,000 | $795,000 | -45.2% | 0.2% |
| Landmark Credit Union | $590,000 | $750,000 | 27.1% | 0.2% |
| Great Midwest Bank, S.S.B. | $1,115,000 | $740,000 | -33.6% | 0.2% |
| EDUCATORS CREDIT UNION | $465,000 | $730,000 | 57.0% | 0.2% |
| USAA Federal Savings Bank | $320,000 | $695,000 | 117.2% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $25,000 | $680,000 | 2,620.0% | 0.2% |
| Morgan Stanley Private Bank | $625,000 | n/a | 0.2% | |
| CORNERSTONE HOME LENDING, INC. | $3,365,000 | $610,000 | -81.9% | 0.2% |
| CoVantage Credit Union | $2,395,000 | $605,000 | -74.7% | 0.2% |
| UNION HOME MORTGAGE CORP. | $95,000 | $600,000 | 531.6% | 0.2% |
| PREMIA MORTGAGE, LLC | $360,000 | $590,000 | 63.9% | 0.2% |
| North Shore Bank FSB | $5,260,000 | $540,000 | -89.7% | 0.2% |
| WISCONSIN MORTGAGE CORPORATION | $565,000 | $510,000 | -9.7% | 0.2% |
| Bell Bank | $550,000 | $500,000 | -9.1% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $365,000 | $500,000 | 37.0% | 0.2% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $1,080,000 | $480,000 | -55.6% | 0.1% |
| The Park Bank | $535,000 | $465,000 | -13.1% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $445,000 | n/a | 0.1% | |
| Wolfe Financial, Inc | $115,000 | $440,000 | 282.6% | 0.1% |
| Bankers' Bank | $660,000 | $430,000 | -34.8% | 0.1% |
| BLC Community Bank | $500,000 | $430,000 | -14.0% | 0.1% |
| PLUS RELOCATION MORTGAGE, LLC | $415,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $125,000 | $410,000 | 228.0% | 0.1% |
| Fifth Third Bank | $95,000 | $410,000 | 331.6% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $350,000 | $400,000 | 14.3% | 0.1% |
| Capitol Federal Savings Bank | $360,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $325,000 | $355,000 | 9.2% | 0.1% |
| Gateway First Bank | $85,000 | $325,000 | 282.4% | 0.1% |
| UNISON CREDIT UNION | $275,000 | $315,000 | 14.5% | 0.1% |
| HOMESTEAD FUNDING CORP. | $320,000 | $305,000 | -4.7% | 0.1% |
| PremierBank | $270,000 | $305,000 | 13.0% | 0.1% |
| A + MORTGAGE SERVICES, INC. | $300,000 | n/a | 0.1% | |
| Bristol Morgan Bank | $1,110,000 | $300,000 | -73.0% | 0.1% |
| GSF Mortgage Corporation | $685,000 | $300,000 | -56.2% | 0.1% |
| West Pointe Bank | $465,000 | $295,000 | -36.6% | 0.1% |
| Figure Lending LLC | $80,000 | $290,000 | 262.5% | 0.1% |
| First State Bank of St. Charles, Missouri | $285,000 | n/a | 0.1% | |
| OCMBC, INC. | $285,000 | n/a | 0.1% | |
| Premier Community Bank | $280,000 | n/a | 0.1% | |
| The Port Washington State Bank | $295,000 | $280,000 | -5.1% | 0.1% |
| PNC Bank | $440,000 | $270,000 | -38.6% | 0.1% |
| Discover Bank | $235,000 | $260,000 | 10.6% | 0.1% |
| The Federal Savings Bank | $295,000 | $255,000 | -13.6% | 0.1% |
| Tri City National Bank | $255,000 | n/a | 0.1% | |
| THRIVENT Federal Credit Union | $335,000 | $245,000 | -26.9% | 0.1% |
| COMPEER FINANCIAL, FLCA | $1,190,000 | $240,000 | -79.8% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $470,000 | $235,000 | -50.0% | 0.1% |
| NEW DAY FINANCIAL, LLC | $170,000 | $230,000 | 35.3% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $175,000 | $225,000 | 28.6% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $195,000 | $225,000 | 15.4% | 0.1% |
| PROSPERA Credit Union | $225,000 | $220,000 | -2.2% | 0.1% |
| Warsaw Federal Savings and Loan Association | $220,000 | n/a | 0.1% | |
| Wisconsin Bank & Trust | $255,000 | $220,000 | -13.7% | 0.1% |
| A&D Mortgage LLC | $205,000 | n/a | 0.1% | |
| Bank of America | $505,000 | $205,000 | -59.4% | 0.1% |
| Horicon Bank | $1,125,000 | $200,000 | -82.2% | 0.1% |
| Equity Prime Mortgage LLC | $165,000 | $195,000 | 18.2% | 0.1% |
| First Nebraska Bank | $195,000 | n/a | 0.1% | |
| Loan Simple, Inc. | $1,375,000 | $190,000 | -86.2% | 0.1% |
| The Huntington National Bank | $190,000 | n/a | 0.1% | |
| Ixonia Bank | $85,000 | $185,000 | 117.6% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $185,000 | n/a | 0.1% | |
| EVERETT FINANCIAL, INC. | $135,000 | $180,000 | 33.3% | 0.1% |
| AMERICAN ADVISORS GROUP | $140,000 | $165,000 | 17.9% | 0.1% |
| TruHome Solutions, LLC | $165,000 | n/a | 0.1% | |
| Citizens State Bank of La Crosse | $160,000 | n/a | 0.0% | |
| TOTAL MORTGAGE SERVICES, LLC | $480,000 | $160,000 | -66.7% | 0.0% |
| Bay Bank | $170,000 | $155,000 | -8.8% | 0.0% |
| ENDEAVOR CAPITAL, LLC. | $155,000 | n/a | 0.0% | |
| Truist | $155,000 | n/a | 0.0% | |
| CALIBER HOME LOANS, INC. | $530,000 | $145,000 | -72.6% | 0.0% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $145,000 | $135,000 | -6.9% | 0.0% |
| Citizens Bank | $135,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $360,000 | $125,000 | -65.3% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $445,000 | $125,000 | -71.9% | 0.0% |
| HomeTown Bank | $125,000 | n/a | 0.0% | |
| Honor Credit Union | $125,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $125,000 | n/a | 0.0% | |
| FirstBank | $890,000 | $120,000 | -86.5% | 0.0% |
| Arvest Bank | $125,000 | $115,000 | -8.0% | 0.0% |
| Prevail Bank | $115,000 | n/a | 0.0% | |
| Royal Credit Union | $115,000 | n/a | 0.0% | |
| Westbury Bank | $355,000 | $115,000 | -67.6% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $105,000 | n/a | 0.0% | |
| GUIDANCE RESIDENTIAL, LLC | $105,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $105,000 | n/a | 0.0% | |
| MidWestOne Bank | $105,000 | $105,000 | 0.0% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $105,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $105,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $95,000 | n/a | 0.0% | |
| PROPER RATE, LLC | $85,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $385,000 | $85,000 | -77.9% | 0.0% |
| SPRING EQ, LLC | $80,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $75,000 | n/a | 0.0% | |
| Peoples State Bank | $75,000 | n/a | 0.0% | |
| Citibank | $65,000 | n/a | 0.0% | |
| NORTHWESTERN MUTUAL | $65,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $285,000 | $65,000 | -77.2% | 0.0% |
| First American Bank | $55,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $35,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% |
Manitowoc's top lender by overall market share is Bank First, N.A., with 13.6% market share. In second place, with 7.8%, is UNITEDONE Credit Union, having originated $25,375,000 in loans. In third place, with 7.1%, is Community First Credit Union, having originated $23,180,000 in loans. In fourth place, with 5.0%, is FOX COMMUNITIES, having originated $16,245,000 in loans. In fifth place, with 4.5%, is Associated Bank, having originated $14,560,000 in loans.
Manitowoc, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,012 | $192,840,000 | $190,553 |
| Refi | 456 | $56,670,000 | $124,276 |
| Cash Out Refi | 339 | $44,125,000 | $130,162 |
| Home Improvement | 272 | $16,850,000 | $61,949 |
| Other | 202 | $14,400,000 | $71,287 |
Manitowoc's most frequently cited loan purpose was Home Purchase, with 1,012 originations. The 2nd most popular reason was Refi, with 456 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 575 | $81,805,000 | $142,270 |
| 4-5% | 447 | $66,045,000 | $147,752 |
| 5-6% | 445 | $67,085,000 | $150,753 |
| 6-7% | 216 | $29,220,000 | $135,278 |
| 2.5-3% | 210 | $28,670,000 | $136,524 |
| <2.5% | 143 | $15,665,000 | $109,545 |
| 7-8% | 63 | $7,625,000 | $121,032 |
| Over 8% | 33 | $2,795,000 | $84,697 |
During 2022, Manitowoc's most frequently originated rate bucket was 3-4%, with 575 originations.
Loan Sizing (Manitowoc, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 963 | $54,055,000 | $56,132 |
| $100k-200k | 874 | $123,890,000 | $141,751 |
| $200k-400k | 361 | $98,905,000 | $273,975 |
| $400k-600k | 60 | $28,590,000 | $476,500 |
| $600k-1000k | 18 | $12,780,000 | $710,000 |
| $Over $1MM | 5 | $6,665,000 | $1,333,000 |
Manitowoc's loan sizing saw the bucket of loans from $100,000 or less with 963 originations, totaling $54,055,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 731 | $138,165,000 | $189,008 |
| 60-80% | 570 | $94,740,000 | $166,211 |
| Under 20% | 281 | $10,285,000 | $36,601 |
| 20-40% | 265 | $18,445,000 | $69,604 |
| 40-60% | 259 | $32,585,000 | $125,811 |
| Over 100% | 17 | $3,845,000 | $226,176 |
Manitowoc's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 731 originations, totaling $138,165,000 in origination value.