RACINE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Racine averaged
6.68%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.81% and
one month ago for the week of 2025-05-15, the
average rate was 6.78%.
Racine's average rate one year ago was 6.82%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.64%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Racine 30 Year Fixed Rate | 2025-06-18 | 6.68% |
| Racine 30 Year Fixed Rate Refi | 2025-06-18 | 6.64% |
| Racine 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Racine 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Racine 30 Year FHA | 2025-06-18 | 0.15% |
| Racine 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Racine 30 Year USDA | 2025-06-18 | -0.1% |
| Racine 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Racine 30 Year VA | 2025-06-18 | 0.03% |
| Racine 30 Year VA Refi | 2025-06-18 | -0.28% |
RACINE 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 RACINE, 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.).
RACINE Average Closing Costs & Other Stats
RACINE, WI's 153 lenders originated 4,943
loans during 2024. The total origination value was $1,032,775,000, with an average loan value of
$208,937.
RACINE's average closing costs are $3,535.
The top RACINE lender as defined by loan originations is EDUCATORS CREDIT UNION, with
220 loans originated. Their average total fees are
$1,824, which is $477
lower than the next largest lender,
Johnson Bank.
The lowest fee RACINE lenders (with over 10 loans originated) are
EDUCATORS CREDIT UNION ($1,824), Landmark Credit Union ($2,299), Johnson Bank ($2,301), Great Midwest Bank, S.S.B. ($2,375) and Associated Bank ($2,411).
The lowest rate RACINE lenders (with over 10 loans originated) are
EDUCATORS CREDIT UNION (6.43%), University of Wisconsin Credit Union (6.48%), Summit Credit Union (6.50%), Johnson Bank (6.51%) and Associated Bank (6.52%).
RACINE, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| EDUCATORS CREDIT UNION | $91,785,000 | $100,260,000 | 9.2% | 9.7% |
| Johnson Bank | $77,090,000 | $81,820,000 | 6.1% | 7.9% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $52,105,000 | n/a | 5.0% | |
| Landmark Credit Union | $59,365,000 | $52,065,000 | -12.3% | 5.0% |
| Associated Bank | $20,225,000 | $41,645,000 | 105.9% | 4.0% |
| QUICKEN LOANS, LLC | $24,370,000 | $34,965,000 | 43.5% | 3.4% |
| Summit Credit Union | $31,835,000 | $34,805,000 | 9.3% | 3.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $28,595,000 | $33,360,000 | 16.7% | 3.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,115,000 | $23,545,000 | 111.8% | 2.3% |
| Bank Five Nine | $10,800,000 | $21,890,000 | 102.7% | 2.1% |
| GATEWAY MORTGAGE CORPORATION | $11,300,000 | $19,440,000 | 72.0% | 1.9% |
| Mortgage Research Center, LLC | $11,920,000 | $19,015,000 | 59.5% | 1.8% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $3,970,000 | $18,270,000 | 360.2% | 1.8% |
| GUILD MORTGAGE COMPANY | $6,730,000 | $15,185,000 | 125.6% | 1.5% |
| BMO Harris Bank | $9,775,000 | $15,020,000 | 53.7% | 1.5% |
| University of Wisconsin Credit Union | $13,475,000 | $14,950,000 | 10.9% | 1.4% |
| Tri City National Bank | $16,535,000 | $14,760,000 | -10.7% | 1.4% |
| North Shore Bank FSB | $13,310,000 | $14,155,000 | 6.3% | 1.4% |
| JPMorgan Chase Bank | $8,740,000 | $13,100,000 | 49.9% | 1.3% |
| Community State Bank | $12,475,000 | $12,840,000 | 2.9% | 1.2% |
| Libertyville Bank & Trust | $11,670,000 | n/a | 1.1% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $16,100,000 | $11,365,000 | -29.4% | 1.1% |
| NEWREZ LLC | $5,950,000 | $11,310,000 | 90.1% | 1.1% |
| Great Midwest Bank, S.S.B. | $6,335,000 | $10,590,000 | 67.2% | 1.0% |
| GUARANTEED RATE, INC. | $14,780,000 | $10,370,000 | -29.8% | 1.0% |
| Barrington Bank & Trust Company, N.A. | $8,390,000 | $10,245,000 | 22.1% | 1.0% |
| A + MORTGAGE SERVICES, INC. | $5,420,000 | $9,715,000 | 79.2% | 0.9% |
| WISCONSIN MORTGAGE CORPORATION | $5,380,000 | $9,460,000 | 75.8% | 0.9% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $5,375,000 | $8,655,000 | 61.0% | 0.8% |
| U.S. Bank | $7,750,000 | $8,520,000 | 9.9% | 0.8% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $8,080,000 | $8,245,000 | 2.0% | 0.8% |
| The Huntington National Bank | $8,300,000 | $7,625,000 | -8.1% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $4,845,000 | $7,335,000 | 51.4% | 0.7% |
| Spring Bank | $7,250,000 | n/a | 0.7% | |
| LOANDEPOT.COM, LLC | $3,105,000 | $6,660,000 | 114.5% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $3,505,000 | $6,540,000 | 86.6% | 0.6% |
| Prosperity Home Mortgage, LLC | $3,165,000 | $6,275,000 | 98.3% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $7,715,000 | $5,860,000 | -24.0% | 0.6% |
| CMG MORTGAGE, INC. | $8,875,000 | $5,815,000 | -34.5% | 0.6% |
| Waukesha State Bank | $5,945,000 | $5,815,000 | -2.2% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $4,270,000 | $5,565,000 | 30.3% | 0.5% |
| MARINE | $3,770,000 | $5,040,000 | 33.7% | 0.5% |
| Ixonia Bank | $2,785,000 | $4,980,000 | 78.8% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,355,000 | $4,820,000 | 43.7% | 0.5% |
| PLANET HOME LENDING, LLC | $2,710,000 | $4,450,000 | 64.2% | 0.4% |
| Nations Lending Corporation | $1,435,000 | $4,190,000 | 192.0% | 0.4% |
| Home State Bank | $4,450,000 | $4,130,000 | -7.2% | 0.4% |
| Bank of England | $5,915,000 | $3,780,000 | -36.1% | 0.4% |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,750,000 | $3,615,000 | 106.6% | 0.4% |
| UNION HOME MORTGAGE CORP. | $325,000 | $3,500,000 | 976.9% | 0.3% |
| FIRST COLONY MORTGAGE CORPORATION | $3,460,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $3,420,000 | $3,440,000 | 0.6% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $5,020,000 | $3,400,000 | -32.3% | 0.3% |
| Old National Bank | $2,370,000 | $3,390,000 | 43.0% | 0.3% |
| Flagstar Bank, FSB | $4,045,000 | $3,315,000 | -18.0% | 0.3% |
| BANKORION | $3,295,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL NETWORK, INC. | $1,575,000 | $3,250,000 | 106.3% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,680,000 | $3,190,000 | 89.9% | 0.3% |
| WALKER & DUNLOP, LLC | $3,155,000 | n/a | 0.3% | |
| NATIONS RELIABLE LENDING, LLC | $2,495,000 | $3,055,000 | 22.4% | 0.3% |
| State Bank of Chilton | $630,000 | $3,005,000 | 377.0% | 0.3% |
| Wells Fargo Bank | $4,945,000 | $2,965,000 | -40.0% | 0.3% |
| CARDINAL FINANCIAL | $6,085,000 | $2,935,000 | -51.8% | 0.3% |
| Bell Bank | $3,420,000 | $2,630,000 | -23.1% | 0.3% |
| DHI MORTGAGE COMPANY, LTD. | $2,525,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $645,000 | $2,400,000 | 272.1% | 0.2% |
| NFM, INC. | $2,370,000 | n/a | 0.2% | |
| CIBM Bank | $1,810,000 | $2,340,000 | 29.3% | 0.2% |
| The Greenwood's State Bank | $650,000 | $2,205,000 | 239.2% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $955,000 | $2,190,000 | 129.3% | 0.2% |
| PNC Bank | $5,095,000 | $2,090,000 | -59.0% | 0.2% |
| BAY EQUITY LLC | $165,000 | $2,065,000 | 1,151.5% | 0.2% |
| Bank of America | $500,000 | $2,020,000 | 304.0% | 0.2% |
| Morgan Stanley Private Bank | $515,000 | $1,945,000 | 277.7% | 0.2% |
| LIMA ONE CAPITAL, LLC | $535,000 | $1,940,000 | 262.6% | 0.2% |
| Century Mortgage Company DBA Century Lending Company | $920,000 | $1,920,000 | 108.7% | 0.2% |
| Discover Bank | $1,235,000 | $1,910,000 | 54.7% | 0.2% |
| TOWNE MORTGAGE COMPANY | $735,000 | $1,850,000 | 151.7% | 0.2% |
| First American Bank | $34,735,000 | $1,805,000 | -94.8% | 0.2% |
| AmeriHome Mortgage Company, LLC | $1,395,000 | $1,780,000 | 27.6% | 0.2% |
| The Equitable Bank, S.S.B. | $1,365,000 | $1,780,000 | 30.4% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $350,000 | $1,775,000 | 407.1% | 0.2% |
| Town Bank, N.A. | $19,005,000 | $1,770,000 | -90.7% | 0.2% |
| PROPER RATE, LLC | $1,170,000 | $1,665,000 | 42.3% | 0.2% |
| Citizens Bank | $2,445,000 | $1,640,000 | -32.9% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $850,000 | $1,635,000 | 92.4% | 0.2% |
| COMPEER FINANCIAL, FLCA | $1,740,000 | $1,595,000 | -8.3% | 0.2% |
| Citizens Bank | $2,445,000 | $1,545,000 | -36.8% | 0.1% |
| NEW DAY FINANCIAL, LLC | $720,000 | $1,505,000 | 109.0% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $600,000 | $1,490,000 | 148.3% | 0.1% |
| Guardian Credit Union | $915,000 | $1,460,000 | 59.6% | 0.1% |
| GSF Mortgage Corporation | $7,625,000 | $1,425,000 | -81.3% | 0.1% |
| NORTHWESTERN MUTUAL | $280,000 | $1,425,000 | 408.9% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $720,000 | $1,395,000 | 93.8% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $1,430,000 | $1,355,000 | -5.2% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $805,000 | $1,300,000 | 61.5% | 0.1% |
| V.I.P. MORTGAGE, INC. | $1,155,000 | $1,290,000 | 11.7% | 0.1% |
| CONSUMERS COOPERATIVE CREDIT UNION | $1,175,000 | $1,275,000 | 8.5% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $955,000 | $1,275,000 | 33.5% | 0.1% |
| First National Bank of America | $1,220,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $1,750,000 | $1,185,000 | -32.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $610,000 | $1,185,000 | 94.3% | 0.1% |
| Westbury Bank | $2,065,000 | $1,170,000 | -43.3% | 0.1% |
| MORTGAGE CENTER L.C | $110,000 | $1,140,000 | 936.4% | 0.1% |
| First Federal Bank | $625,000 | $1,135,000 | 81.6% | 0.1% |
| ALLIANT CREDIT UNION | $75,000 | $1,110,000 | 1,380.0% | 0.1% |
| Empower Credit Union | $275,000 | $1,100,000 | 300.0% | 0.1% |
| The Federal Savings Bank | $3,200,000 | $1,085,000 | -66.1% | 0.1% |
| Ameris Bank | $390,000 | $1,070,000 | 174.4% | 0.1% |
| LOANPAL, LLC | $145,000 | $1,060,000 | 631.0% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $980,000 | $1,055,000 | 7.7% | 0.1% |
| Raymond James Bank | $1,050,000 | n/a | 0.1% | |
| AMERICAN HERITAGE LENDING, INC. | $545,000 | $1,030,000 | 89.0% | 0.1% |
| Plains Commerce Bank | $1,000,000 | $1,005,000 | 0.5% | 0.1% |
| The Port Washington State Bank | $1,090,000 | $950,000 | -12.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $390,000 | $915,000 | 134.6% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $1,885,000 | $905,000 | -52.0% | 0.1% |
| Peoples State Bank | $865,000 | $905,000 | 4.6% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $845,000 | $855,000 | 1.2% | 0.1% |
| First-Citizens Bank & Trust Company | $620,000 | $850,000 | 37.1% | 0.1% |
| Horicon Bank | $840,000 | n/a | 0.1% | |
| LEADERONE FINANCIAL CORPORATION | $145,000 | $835,000 | 475.9% | 0.1% |
| NBKC BANK | $825,000 | n/a | 0.1% | |
| Village Bank & Trust | $805,000 | n/a | 0.1% | |
| Baxter Credit Union | $685,000 | $800,000 | 16.8% | 0.1% |
| FOX COMMUNITIES | $275,000 | $795,000 | 189.1% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $890,000 | $785,000 | -11.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,195,000 | $785,000 | -34.3% | 0.1% |
| Hometown Equity Mortgage, LLC | $780,000 | n/a | 0.1% | |
| ADVIA | $1,415,000 | $775,000 | -45.2% | 0.1% |
| Nicolet National Bank | $765,000 | n/a | 0.1% | |
| Republic Bank of Chicago | $250,000 | $760,000 | 204.0% | 0.1% |
| Ally Bank | $545,000 | $755,000 | 38.5% | 0.1% |
| Waterstone Mortgage Corporation | $245,000 | $740,000 | 202.0% | 0.1% |
| LENDINGONE, LLC | $145,000 | $715,000 | 393.1% | 0.1% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $1,120,000 | $695,000 | -37.9% | 0.1% |
| PRIME FINANCIAL CREDIT UNION | $345,000 | $685,000 | 98.6% | 0.1% |
| Kohler Credit Union | $665,000 | n/a | 0.1% | |
| Community First Credit Union | $645,000 | n/a | 0.1% | |
| Magnolia Bank | $345,000 | $640,000 | 85.5% | 0.1% |
| AmRes Corporation | $615,000 | n/a | 0.1% | |
| S1L, Inc. | $615,000 | n/a | 0.1% | |
| CIBC Bank USA | $610,000 | n/a | 0.1% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,390,000 | $610,000 | -56.1% | 0.1% |
| THOMPSON KANE & COMPANY, LLC | $840,000 | $600,000 | -28.6% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,270,000 | $595,000 | -53.1% | 0.1% |
| VERITAS FUNDING, LLC | $590,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $170,000 | $580,000 | 241.2% | 0.1% |
| Premier Community Bank | $565,000 | n/a | 0.1% | |
| PyraMax Bank, FSB | $1,540,000 | $565,000 | -63.3% | 0.1% |
| USAA Federal Savings Bank | $1,750,000 | $545,000 | -68.9% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $935,000 | $520,000 | -44.4% | 0.1% |
| Bank Midwest | $515,000 | n/a | 0.0% | |
| OCMBC, INC. | $605,000 | $515,000 | -14.9% | 0.0% |
| Carrington Mortgage Services, LLC | $1,095,000 | $510,000 | -53.4% | 0.0% |
| Figure Lending LLC | $670,000 | $495,000 | -26.1% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $1,665,000 | $490,000 | -70.6% | 0.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $485,000 | n/a | 0.0% | |
| The First National Bank of Ottawa | $485,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $560,000 | $485,000 | -13.4% | 0.0% |
| Key Mortgage Services, Inc. | $480,000 | n/a | 0.0% | |
| CAPITAL Credit Union | $45,000 | $470,000 | 944.4% | 0.0% |
| PHH Mortgage Corporation | $115,000 | $470,000 | 308.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $605,000 | $465,000 | -23.1% | 0.0% |
| First Savings Bank | $185,000 | $445,000 | 140.5% | 0.0% |
| WESTconsin Credit Union | $435,000 | n/a | 0.0% | |
| Blackhawk Community Credit Union | $25,000 | $415,000 | 1,560.0% | 0.0% |
| A&D Mortgage LLC | $410,000 | n/a | 0.0% | |
| ADVANCIAL | $400,000 | n/a | 0.0% | |
| Texana Bank | $400,000 | n/a | 0.0% | |
| Coastal Community Bank | $300,000 | $395,000 | 31.7% | 0.0% |
| GENEVA FINANCIAL, LLC | $355,000 | $395,000 | 11.3% | 0.0% |
| COMPASS MORTGAGE, INC. | $390,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $385,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $175,000 | $385,000 | 120.0% | 0.0% |
| MORTGAGE ACCESS CORP. | $375,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $375,000 | n/a | 0.0% | |
| CoVantage Credit Union | $435,000 | $370,000 | -14.9% | 0.0% |
| Regions Bank | $315,000 | $370,000 | 17.5% | 0.0% |
| Self-Help Federal Credit Union | $480,000 | $360,000 | -25.0% | 0.0% |
| AppleTree Credit Union | $350,000 | n/a | 0.0% | |
| NexBank | $670,000 | $350,000 | -47.8% | 0.0% |
| FORTE BANK | $340,000 | n/a | 0.0% | |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $195,000 | $335,000 | 71.8% | 0.0% |
| East Coast Capital Corp. | $335,000 | n/a | 0.0% | |
| M&T Bank | $320,000 | n/a | 0.0% | |
| Fifth Third Bank | $480,000 | $315,000 | -34.4% | 0.0% |
| First Community Bank | $405,000 | $315,000 | -22.2% | 0.0% |
| Peoples Bank | $315,000 | n/a | 0.0% | |
| PLUS RELOCATION MORTGAGE, LLC | $305,000 | n/a | 0.0% | |
| Sunflower Bank | $305,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $235,000 | $300,000 | 27.7% | 0.0% |
| Abbott Laboratories Employees Credit Union | $980,000 | $290,000 | -70.4% | 0.0% |
| SPRING EQ, LLC | $395,000 | $285,000 | -27.8% | 0.0% |
| Connexus Credit Union | $95,000 | $275,000 | 189.5% | 0.0% |
| Marathon Bank | $275,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $375,000 | $275,000 | -26.7% | 0.0% |
| Servion, Inc. | $275,000 | n/a | 0.0% | |
| Northpointe Bank | $270,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $265,000 | n/a | 0.0% | |
| National Exchange Bank and Trust | $360,000 | $265,000 | -26.4% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $165,000 | $260,000 | 57.6% | 0.0% |
| EMM LOANS LLC | $255,000 | n/a | 0.0% | |
| BAYSHORE MORTGAGE FUNDING, LLC | $245,000 | n/a | 0.0% | |
| CO-OP Credit Union | $245,000 | n/a | 0.0% | |
| NP, Inc. | $245,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $235,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $235,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $235,000 | n/a | 0.0% | |
| T2 FINANCIAL LLC | $970,000 | $235,000 | -75.8% | 0.0% |
| BOND STREET MORTGAGE, LLC | $225,000 | n/a | 0.0% | |
| First Mid Bank & Trust | $225,000 | n/a | 0.0% | |
| IAA Credit Union | $225,000 | n/a | 0.0% | |
| CLEARPATH LENDING | $275,000 | $215,000 | -21.8% | 0.0% |
| WaterStone Bank, SSB | $2,445,000 | $195,000 | -92.0% | 0.0% |
| GREENSTATE CREDIT UNION | $200,000 | $190,000 | -5.0% | 0.0% |
| COMMUNITY TRUST | $185,000 | $185,000 | 0.0% | 0.0% |
| First Community Credit Union | $25,000 | $185,000 | 640.0% | 0.0% |
| Fortifi Bank | $415,000 | $185,000 | -55.4% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $185,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $350,000 | $185,000 | -47.1% | 0.0% |
| Heartland Credit Union (Madison) | $175,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $195,000 | $175,000 | -10.3% | 0.0% |
| Granite Community Bank | $165,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $165,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $90,000 | $160,000 | 77.8% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $605,000 | $155,000 | -74.4% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| MidFirst Bank | $145,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $225,000 | $130,000 | -42.2% | 0.0% |
| UNITEDONE Credit Union | $115,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $135,000 | $105,000 | -22.2% | 0.0% |
| Citibank | $105,000 | n/a | 0.0% | |
| VERVE, A CREDIT UNION | $105,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $100,000 | n/a | 0.0% | |
| Bank First, N.A. | $1,480,000 | $95,000 | -93.6% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $95,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $35,000 | $95,000 | 171.4% | 0.0% |
| Credit Union 1 | $85,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $55,000 | n/a | 0.0% | |
| PremierBank | $55,000 | n/a | 0.0% | |
| AFFINITY PLUS | $50,000 | n/a | 0.0% | |
| ALTRA | $295,000 | $25,000 | -91.5% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $220,000 | $25,000 | -88.6% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $25,000 | n/a | 0.0% | |
| GREAT LAKES | $150,000 | $15,000 | -90.0% | 0.0% |
RACINE's top lender by overall market share is EDUCATORS CREDIT UNION, with 9.7% market share. In second place, with 7.9%, is Johnson Bank, having originated $81,820,000 in loans. In third place, with 5.0%, is NORTHMARQ CAPITAL FINANCE, L.L.C., having originated $52,105,000 in loans. In fourth place, with 5.0%, is Landmark Credit Union, having originated $52,065,000 in loans. In fifth place, with 4.0%, is Associated Bank, having originated $41,645,000 in loans.
RACINE, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,147 | $612,755,000 | $285,401 |
| Other | 903 | $57,285,000 | $63,439 |
| Cash Out Refi | 862 | $189,390,000 | $219,710 |
| Refi | 555 | $136,375,000 | $245,721 |
| Home Improvement | 473 | $36,045,000 | $76,205 |
| NA | 3 | $925,000 | $308,333 |
Racine's most frequently cited loan purpose was Home Purchase, with 2,147 originations. The 2nd most popular reason was Other, with 903 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,838 | $499,080,000 | $271,534 |
| 7-8% | 1,291 | $238,345,000 | $184,620 |
| Over 8% | 950 | $96,090,000 | $101,147 |
| 5-6% | 599 | $128,955,000 | $215,284 |
| <2.5% | 104 | $9,460,000 | $90,962 |
| 4-5% | 24 | $6,070,000 | $252,917 |
| 3-4% | 17 | $2,975,000 | $175,000 |
| 2.5-3% | 1 | $3,155,000 | $3,155,000 |
During 2024, Racine's most frequently originated rate bucket was 6-7%, with 1,838 originations.
Loan Sizing (RACINE, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,733 | $87,815,000 | $50,672 |
| $200k-400k | 1,395 | $392,085,000 | $281,065 |
| $100k-200k | 1,380 | $204,060,000 | $147,870 |
| $400k-600k | 313 | $147,335,000 | $470,719 |
| $600k-1000k | 93 | $66,865,000 | $718,978 |
| $Over $1MM | 29 | $134,615,000 | $4,641,897 |
RACINE's loan sizing saw the bucket of loans from $100,000 or less with 1,733 originations, totaling $87,815,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,472 | $406,000,000 | $275,815 |
| Under 20% | 1,054 | $46,090,000 | $43,729 |
| 60-80% | 930 | $327,650,000 | $352,312 |
| 20-40% | 839 | $88,195,000 | $105,119 |
| 40-60% | 380 | $72,110,000 | $189,763 |
| Over 100% | 28 | $10,100,000 | $360,714 |
RACINE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,472 originations, totaling $406,000,000 in origination value.