Manitowoc Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Manitowoc averaged
6.94%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.86% and
one month ago for the week of 2024-06-13, the
average rate was 6.92%.
Manitowoc's average rate one year ago was 7.03%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.17%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Manitowoc 30 Year Fixed Rate | 2024-07-18 | 6.94% |
| Manitowoc 30 Year Fixed Rate Refi | 2024-07-18 | 7.17% |
| Manitowoc 15 Year Fixed Rate | 2024-07-18 | 6.15% |
| Manitowoc 15 Year Fixed Rate Refi | 2024-07-18 | 6.15% |
| Manitowoc 30 Year FHA | 2024-07-18 | 6.59% |
| Manitowoc 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Manitowoc 30 Year USDA | 2024-07-18 | 6.53% |
| Manitowoc 30 Year USDA Refi | 2024-07-18 | 6.83% |
| Manitowoc 30 Year VA | 2024-07-18 | 6.1% |
| Manitowoc 30 Year VA Refi | 2024-07-18 | 6.1% |
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 94 lenders originated 1,619
loans during 2023. The total origination value was $213,655,000, with an average loan value of
$131,967.
Manitowoc's average closing costs are $3,023.
The top Manitowoc lender as defined by loan originations is Bank First, N.A., with
72 loans originated. Their average total fees are
$2,317, which is $1,517
higher than the next largest lender,
FOX COMMUNITIES.
The lowest fee Manitowoc lenders (with over 10 loans originated) are
FOX COMMUNITIES ($800), UNITEDONE Credit Union ($1,585), Associated Bank ($2,304), Bank First, N.A. ($2,317) and Community First Credit Union ($2,411).
The lowest rate Manitowoc lenders (with over 10 loans originated) are
UNITEDONE Credit Union (5.96%), Associated Bank (6.48%), Bank First, N.A. (6.56%), ENVOY MORTGAGE, LTD (6.56%) and Community First Credit Union (6.69%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Bank First, N.A. | $44,275,000 | $25,855,000 | -41.6% | 12.1% |
| UNITEDONE Credit Union | $25,375,000 | $15,525,000 | -38.8% | 7.3% |
| Community First Credit Union | $23,180,000 | $11,285,000 | -51.3% | 5.3% |
| FOX COMMUNITIES | $16,245,000 | $9,660,000 | -40.5% | 4.5% |
| Associated Bank | $14,560,000 | $9,650,000 | -33.7% | 4.5% |
| QUICKEN LOANS, LLC | $11,745,000 | $7,065,000 | -39.8% | 3.3% |
| Nicolet National Bank | $8,570,000 | $6,770,000 | -21.0% | 3.2% |
| Mortgage Research Center, LLC | $5,290,000 | $6,600,000 | 24.8% | 3.1% |
| Collins State Bank | $12,135,000 | $5,885,000 | -51.5% | 2.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,245,000 | $5,135,000 | -2.1% | 2.4% |
| Johnson Bank | $5,750,000 | $5,005,000 | -13.0% | 2.3% |
| U.S. Bank | $9,410,000 | $4,985,000 | -47.0% | 2.3% |
| GUILD MORTGAGE COMPANY | $4,865,000 | n/a | 2.3% | |
| Kohler Credit Union | $5,865,000 | $4,085,000 | -30.3% | 1.9% |
| ENVOY MORTGAGE, LTD | $1,355,000 | $3,500,000 | 158.3% | 1.6% |
| Cleveland State Bank | $6,100,000 | $2,875,000 | -52.9% | 1.3% |
| Wells Fargo Bank | $4,090,000 | $2,860,000 | -30.1% | 1.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $920,000 | $2,695,000 | 192.9% | 1.3% |
| VERVE, A CREDIT UNION | $2,905,000 | $2,230,000 | -23.2% | 1.0% |
| GUARANTEED RATE, INC. | $1,895,000 | $2,195,000 | 15.8% | 1.0% |
| Summit Credit Union | $1,250,000 | $2,160,000 | 72.8% | 1.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,210,000 | $2,135,000 | -3.4% | 1.0% |
| BMO Harris Bank | $3,695,000 | $1,990,000 | -46.1% | 0.9% |
| CoVantage Credit Union | $605,000 | $1,985,000 | 228.1% | 0.9% |
| NEWREZ LLC | $1,250,000 | $1,870,000 | 49.6% | 0.9% |
| MARINE | $2,380,000 | $1,865,000 | -21.6% | 0.9% |
| Paramount Residential Mortgage Group, Inc. | $1,590,000 | $1,865,000 | 17.3% | 0.9% |
| BROKER SOLUTIONS, INC. | $2,450,000 | $1,860,000 | -24.1% | 0.9% |
| GreenStone Farm Credit Services, FLCA | $3,770,000 | $1,610,000 | -57.3% | 0.8% |
| V.I.P. MORTGAGE, INC. | $1,590,000 | n/a | 0.7% | |
| PENNYMAC LOAN SERVICES, LLC | $870,000 | $1,510,000 | 73.6% | 0.7% |
| Nations Lending Corporation | $2,115,000 | $1,450,000 | -31.4% | 0.7% |
| CAPITAL Credit Union | $1,625,000 | $1,270,000 | -21.8% | 0.6% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $480,000 | $1,210,000 | 152.1% | 0.6% |
| Servion, Inc. | $2,305,000 | $1,210,000 | -47.5% | 0.6% |
| National Exchange Bank and Trust | $2,545,000 | $1,140,000 | -55.2% | 0.5% |
| LOANDEPOT.COM, LLC | $2,855,000 | $1,130,000 | -60.4% | 0.5% |
| Waterstone Mortgage Corporation | $1,930,000 | $1,095,000 | -43.3% | 0.5% |
| CARDINAL FINANCIAL | $1,285,000 | $1,060,000 | -17.5% | 0.5% |
| Oostburg State Bank | $1,735,000 | $1,055,000 | -39.2% | 0.5% |
| Waldo State Bank | $940,000 | $1,010,000 | 7.4% | 0.5% |
| GSF Mortgage Corporation | $300,000 | $995,000 | 231.7% | 0.5% |
| Bell Bank | $500,000 | $985,000 | 97.0% | 0.5% |
| University of Wisconsin Credit Union | $1,495,000 | $975,000 | -34.8% | 0.5% |
| USAA Federal Savings Bank | $695,000 | $970,000 | 39.6% | 0.5% |
| AMERISAVE MORTGAGE CORPORATION | $1,550,000 | $900,000 | -41.9% | 0.4% |
| Ixonia Bank | $185,000 | $840,000 | 354.1% | 0.4% |
| The Huntington National Bank | $190,000 | $800,000 | 321.1% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $1,105,000 | $750,000 | -32.1% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $1,740,000 | $735,000 | -57.8% | 0.3% |
| PLANET HOME LENDING, LLC | $2,470,000 | $705,000 | -71.5% | 0.3% |
| Flagstar Bank, FSB | $1,195,000 | $670,000 | -43.9% | 0.3% |
| NEW DAY FINANCIAL, LLC | $230,000 | $650,000 | 182.6% | 0.3% |
| ENDEAVOR CAPITAL, LLC. | $155,000 | $640,000 | 312.9% | 0.3% |
| First Federal Bank | $5,770,000 | $635,000 | -89.0% | 0.3% |
| Morgan Stanley Private Bank | $625,000 | $605,000 | -3.2% | 0.3% |
| Bank Five Nine | $600,000 | n/a | 0.3% | |
| Peoples Bank | $590,000 | n/a | 0.3% | |
| Landmark Credit Union | $750,000 | $555,000 | -26.0% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $510,000 | n/a | 0.2% | |
| Prevail Bank | $115,000 | $505,000 | 339.1% | 0.2% |
| CMG MORTGAGE, INC. | $125,000 | $500,000 | 300.0% | 0.2% |
| Sheboygan Area Credit Union | $500,000 | n/a | 0.2% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $500,000 | n/a | 0.2% | |
| Forward Bank | $495,000 | n/a | 0.2% | |
| CHERRY CREEK MORTGAGE, LLC | $1,005,000 | $475,000 | -52.7% | 0.2% |
| CIBM Bank | $1,225,000 | $465,000 | -62.0% | 0.2% |
| TOWNE MORTGAGE COMPANY | $1,880,000 | $460,000 | -75.5% | 0.2% |
| Fox Valley Savings Bank | $435,000 | n/a | 0.2% | |
| UNION HOME MORTGAGE CORP. | $600,000 | $435,000 | -27.5% | 0.2% |
| LIMA ONE CAPITAL, LLC | $420,000 | n/a | 0.2% | |
| NexBank | $420,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $810,000 | $410,000 | -49.4% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $185,000 | $410,000 | 121.6% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $410,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $1,210,000 | $385,000 | -68.2% | 0.2% |
| Carrington Mortgage Services, LLC | $795,000 | $375,000 | -52.8% | 0.2% |
| ZILLOW HOME LOANS, LLC | $375,000 | n/a | 0.2% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $500,000 | $365,000 | -27.0% | 0.2% |
| Great Midwest Bank, S.S.B. | $740,000 | $360,000 | -51.4% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $225,000 | $355,000 | 57.8% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $125,000 | $340,000 | 172.0% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,020,000 | $340,000 | -66.7% | 0.2% |
| CONTOUR MORTGAGE CORPORATION | $335,000 | n/a | 0.2% | |
| PCM | $1,400,000 | $315,000 | -77.5% | 0.1% |
| WESTconsin Credit Union | $305,000 | n/a | 0.1% | |
| PREMIA MORTGAGE, LLC | $590,000 | $295,000 | -50.0% | 0.1% |
| Bank of Luxemburg | $1,210,000 | $275,000 | -77.3% | 0.1% |
| Greenleaf Wayside Bank | $1,565,000 | $265,000 | -83.1% | 0.1% |
| WISCONSIN MORTGAGE CORPORATION | $510,000 | $265,000 | -48.0% | 0.1% |
| Commerce Home Mortgage, Inc. | $255,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $255,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $125,000 | $255,000 | 104.0% | 0.1% |
| State Bank of Chilton | $1,665,000 | $255,000 | -84.7% | 0.1% |
| University Bank | $245,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $240,000 | n/a | 0.1% | |
| BNC National Bank | $235,000 | n/a | 0.1% | |
| COMPEER FINANCIAL, FLCA | $240,000 | $230,000 | -4.2% | 0.1% |
| Plains Commerce Bank | $230,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $445,000 | $215,000 | -51.7% | 0.1% |
| VERITAS FUNDING, LLC | $215,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $210,000 | n/a | 0.1% | |
| EDUCATORS CREDIT UNION | $730,000 | $205,000 | -71.9% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $205,000 | n/a | 0.1% | |
| THOMPSON KANE & COMPANY, LLC | $200,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $195,000 | n/a | 0.1% | |
| Premier Community Bank | $280,000 | $185,000 | -33.9% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $400,000 | $180,000 | -55.0% | 0.1% |
| Summit Mortgage Corporation | $180,000 | n/a | 0.1% | |
| Figure Lending LLC | $290,000 | $170,000 | -41.4% | 0.1% |
| Academy Bank | $155,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $155,000 | n/a | 0.1% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $225,000 | $155,000 | -31.1% | 0.1% |
| NBKC BANK | $155,000 | n/a | 0.1% | |
| Coastal Community Bank | $150,000 | n/a | 0.1% | |
| Discover Bank | $260,000 | $150,000 | -42.3% | 0.1% |
| Hometown Equity Mortgage, LLC | $145,000 | n/a | 0.1% | |
| North Shore Bank FSB | $540,000 | $145,000 | -73.1% | 0.1% |
| PNC Bank | $270,000 | $145,000 | -46.3% | 0.1% |
| Alerus Financial | $135,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $135,000 | $135,000 | 0.0% | 0.1% |
| Range Bank | $135,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $85,000 | $135,000 | 58.8% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $125,000 | n/a | 0.1% | |
| CORNERSTONE HOME LENDING, INC. | $610,000 | $125,000 | -79.5% | 0.1% |
| IncredibleBank | $125,000 | n/a | 0.1% | |
| Bankers' Bank | $430,000 | $115,000 | -73.3% | 0.1% |
| Bristol Morgan Bank | $300,000 | $115,000 | -61.7% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $105,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $410,000 | $105,000 | -74.4% | 0.0% |
| UNISON CREDIT UNION | $315,000 | $95,000 | -69.8% | 0.0% |
| 21ST MORTGAGE CORPORATION | $85,000 | n/a | 0.0% | |
| East Wisconsin Savings Bank | $85,000 | n/a | 0.0% | |
| First-Citizens Bank & Trust Company | $95,000 | $85,000 | -10.5% | 0.0% |
| Resource Bank, N.A. | $85,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $65,000 | $75,000 | 15.4% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $830,000 | $75,000 | -91.0% | 0.0% |
| Republic Bank of Chicago | $75,000 | n/a | 0.0% | |
| FEDCHOICE Federal Credit Union | $65,000 | n/a | 0.0% | |
| FirstBank | $120,000 | $65,000 | -45.8% | 0.0% |
| Peoples State Bank | $75,000 | $65,000 | -13.3% | 0.0% |
| Bank of America | $205,000 | $55,000 | -73.2% | 0.0% |
| The Federal Savings Bank | $255,000 | $55,000 | -78.4% | 0.0% |
| Horicon Bank | $200,000 | $45,000 | -77.5% | 0.0% |
| Royal Credit Union | $115,000 | $15,000 | -87.0% | 0.0% |
Manitowoc's top lender by overall market share is Bank First, N.A., with 12.1% market share. In second place, with 7.3%, is UNITEDONE Credit Union, having originated $15,525,000 in loans. In third place, with 5.3%, is Community First Credit Union, having originated $11,285,000 in loans. In fourth place, with 4.5%, is FOX COMMUNITIES, having originated $9,660,000 in loans. In fifth place, with 4.5%, is Associated Bank, having originated $9,650,000 in loans.
Manitowoc, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 743 | $142,115,000 | $191,272 |
| Home Improvement | 262 | $14,670,000 | $55,992 |
| Other | 228 | $13,990,000 | $61,360 |
| Refi | 200 | $21,500,000 | $107,500 |
| Cash Out Refi | 186 | $21,380,000 | $114,946 |
Manitowoc's most frequently cited loan purpose was Home Purchase, with 743 originations. The 2nd most popular reason was Home Improvement, with 262 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 549 | $84,305,000 | $153,561 |
| 7-8% | 406 | $55,310,000 | $136,232 |
| 5-6% | 264 | $33,950,000 | $128,598 |
| Over 8% | 250 | $20,630,000 | $82,520 |
| 4-5% | 42 | $5,030,000 | $119,762 |
| <2.5% | 8 | $950,000 | $118,750 |
| 3-4% | 2 | $40,000 | $20,000 |
| 2.5-3% | 2 | $150,000 | $75,000 |
During 2023, Manitowoc's most frequently originated rate bucket was 6-7%, with 549 originations.
Loan Sizing (Manitowoc, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 761 | $37,425,000 | $49,179 |
| $100k-200k | 550 | $79,030,000 | $143,691 |
| $200k-400k | 256 | $68,910,000 | $269,180 |
| $400k-600k | 39 | $18,295,000 | $469,103 |
| $600k-1000k | 12 | $8,390,000 | $699,167 |
| $Over $1MM | 1 | $1,605,000 | $1,605,000 |
Manitowoc's loan sizing saw the bucket of loans from $100,000 or less with 761 originations, totaling $37,425,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 458 | $91,830,000 | $200,502 |
| Under 20% | 322 | $10,890,000 | $33,820 |
| 60-80% | 291 | $54,885,000 | $188,608 |
| 20-40% | 287 | $20,675,000 | $72,038 |
| 40-60% | 150 | $18,440,000 | $122,933 |
| Over 100% | 12 | $3,240,000 | $270,000 |
Manitowoc's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 458 originations, totaling $91,830,000 in origination value.