RACINE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Racine averaged
6.78%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.91% and
one month ago for the week of 2024-10-03, the
average rate was 6.11%.
Racine's average rate one year ago was 7.65%.
For refis of the same type during the week of 2024-11-07, the average rate
was 5.99%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Racine 30 Year Fixed Rate | 2024-11-07 | 6.78% |
| Racine 30 Year Fixed Rate Refi | 2024-11-07 | 5.99% |
| Racine 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Racine 15 Year Fixed Rate Refi | 2024-11-07 | 6.2% |
| Racine 30 Year FHA | 2024-11-07 | 6.82% |
| Racine 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Racine 30 Year USDA | 2024-11-07 | 6.48% |
| Racine 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Racine 30 Year VA | 2024-11-07 | 6.48% |
| Racine 30 Year VA Refi | 2024-11-07 | 6.44% |
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 137 lenders originated 4,727
loans during 2023. The total origination value was $863,875,000, with an average loan value of
$182,753.
RACINE's average closing costs are $3,401.
The top RACINE lender as defined by loan originations is EDUCATORS CREDIT UNION, with
237 loans originated. Their average total fees are
$1,668, which is $837
lower than the next largest lender,
Johnson Bank.
The lowest fee RACINE lenders (with over 10 loans originated) are
EDUCATORS CREDIT UNION ($1,668), Landmark Credit Union ($1,990), Waukesha State Bank ($2,359), North Shore Bank FSB ($2,428) and Associated Bank ($2,471).
The lowest rate RACINE lenders (with over 10 loans originated) are
Waukesha State Bank (6.19%), EDUCATORS CREDIT UNION (6.26%), University of Wisconsin Credit Union (6.31%), Tri City National Bank (6.39%) and NEWREZ LLC (6.46%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| EDUCATORS CREDIT UNION | $132,755,000 | $91,785,000 | -30.9% | 10.6% |
| Johnson Bank | $93,825,000 | $77,090,000 | -17.8% | 8.9% |
| Landmark Credit Union | $87,765,000 | $59,365,000 | -32.4% | 6.9% |
| First American Bank | $2,180,000 | $34,735,000 | 1,493.3% | 4.0% |
| Summit Credit Union | $29,160,000 | $31,835,000 | 9.2% | 3.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $40,955,000 | $28,595,000 | -30.2% | 3.3% |
| QUICKEN LOANS, LLC | $38,255,000 | $24,370,000 | -36.3% | 2.8% |
| Associated Bank | $36,070,000 | $20,225,000 | -43.9% | 2.3% |
| Town Bank, N.A. | $3,885,000 | $19,005,000 | 389.2% | 2.2% |
| DMB Community Bank | $3,760,000 | $18,130,000 | 382.2% | 2.1% |
| Tri City National Bank | $23,900,000 | $16,535,000 | -30.8% | 1.9% |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $8,930,000 | $16,100,000 | 80.3% | 1.9% |
| GUARANTEED RATE, INC. | $14,490,000 | $14,780,000 | 2.0% | 1.7% |
| University of Wisconsin Credit Union | $13,255,000 | $13,475,000 | 1.7% | 1.6% |
| North Shore Bank FSB | $25,365,000 | $13,310,000 | -47.5% | 1.5% |
| Community State Bank | $22,680,000 | $12,475,000 | -45.0% | 1.4% |
| Mortgage Research Center, LLC | $14,495,000 | $11,920,000 | -17.8% | 1.4% |
| GATEWAY MORTGAGE CORPORATION | $14,025,000 | $11,300,000 | -19.4% | 1.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $18,360,000 | $11,115,000 | -39.5% | 1.3% |
| Bank Five Nine | $15,850,000 | $10,800,000 | -31.9% | 1.3% |
| BMO Harris Bank | $16,325,000 | $9,775,000 | -40.1% | 1.1% |
| Capitol Bank | $305,000 | $9,025,000 | 2,859.0% | 1.0% |
| CMG MORTGAGE, INC. | $5,970,000 | $8,875,000 | 48.7% | 1.0% |
| JPMorgan Chase Bank | $12,780,000 | $8,740,000 | -31.6% | 1.0% |
| Barrington Bank & Trust Company, N.A. | $13,450,000 | $8,390,000 | -37.6% | 1.0% |
| The Huntington National Bank | $5,495,000 | $8,300,000 | 51.0% | 1.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $15,610,000 | $8,080,000 | -48.2% | 0.9% |
| U.S. Bank | $11,815,000 | $7,750,000 | -34.4% | 0.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,930,000 | $7,715,000 | 11.3% | 0.9% |
| GSF Mortgage Corporation | $3,970,000 | $7,625,000 | 92.1% | 0.9% |
| GUILD MORTGAGE COMPANY | $510,000 | $6,730,000 | 1,219.6% | 0.8% |
| Great Midwest Bank, S.S.B. | $11,335,000 | $6,335,000 | -44.1% | 0.7% |
| CARDINAL FINANCIAL | $2,745,000 | $6,085,000 | 121.7% | 0.7% |
| NEWREZ LLC | $13,725,000 | $5,950,000 | -56.6% | 0.7% |
| Waukesha State Bank | $9,370,000 | $5,945,000 | -36.6% | 0.7% |
| Bank of England | $5,275,000 | $5,915,000 | 12.1% | 0.7% |
| A + MORTGAGE SERVICES, INC. | $8,815,000 | $5,420,000 | -38.5% | 0.6% |
| WISCONSIN MORTGAGE CORPORATION | $10,635,000 | $5,380,000 | -49.4% | 0.6% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,110,000 | $5,375,000 | -33.7% | 0.6% |
| PNC Bank | $3,760,000 | $5,095,000 | 35.5% | 0.6% |
| Paramount Residential Mortgage Group, Inc. | $6,535,000 | $5,020,000 | -23.2% | 0.6% |
| Wells Fargo Bank | $16,065,000 | $4,945,000 | -69.2% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $6,670,000 | $4,845,000 | -27.4% | 0.6% |
| Home State Bank | $5,965,000 | $4,450,000 | -25.4% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $7,045,000 | $4,270,000 | -39.4% | 0.5% |
| GREYSTONE SERVICING COMPANY LLC | $7,005,000 | $4,135,000 | -41.0% | 0.5% |
| Flagstar Bank, FSB | $6,300,000 | $4,045,000 | -35.8% | 0.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,270,000 | $3,970,000 | -7.0% | 0.5% |
| MARINE | $5,470,000 | $3,770,000 | -31.1% | 0.4% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $9,420,000 | $3,580,000 | -62.0% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $4,225,000 | $3,505,000 | -17.0% | 0.4% |
| Bell Bank | $4,390,000 | $3,420,000 | -22.1% | 0.4% |
| BROKER SOLUTIONS, INC. | $6,600,000 | $3,420,000 | -48.2% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $7,040,000 | $3,355,000 | -52.3% | 0.4% |
| The Federal Savings Bank | $1,120,000 | $3,200,000 | 185.7% | 0.4% |
| Prosperity Home Mortgage, LLC | $6,505,000 | $3,165,000 | -51.3% | 0.4% |
| LOANDEPOT.COM, LLC | $9,755,000 | $3,105,000 | -68.2% | 0.4% |
| Ixonia Bank | $590,000 | $2,785,000 | 372.0% | 0.3% |
| PLANET HOME LENDING, LLC | $4,420,000 | $2,710,000 | -38.7% | 0.3% |
| NATIONS RELIABLE LENDING, LLC | $2,225,000 | $2,495,000 | 12.1% | 0.3% |
| Citizens Bank | $2,870,000 | $2,445,000 | -14.8% | 0.3% |
| WaterStone Bank, SSB | $15,950,000 | $2,445,000 | -84.7% | 0.3% |
| Old National Bank | $12,635,000 | $2,370,000 | -81.2% | 0.3% |
| Westbury Bank | $3,010,000 | $2,065,000 | -31.4% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $4,970,000 | $1,885,000 | -62.1% | 0.2% |
| CIBM Bank | $770,000 | $1,810,000 | 135.1% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $6,355,000 | $1,750,000 | -72.5% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $2,005,000 | $1,750,000 | -12.7% | 0.2% |
| USAA Federal Savings Bank | $2,035,000 | $1,750,000 | -14.0% | 0.2% |
| COMPEER FINANCIAL, FLCA | $1,705,000 | $1,740,000 | 2.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $650,000 | $1,680,000 | 158.5% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $1,665,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $1,575,000 | n/a | 0.2% | |
| PyraMax Bank, FSB | $1,525,000 | $1,540,000 | 1.0% | 0.2% |
| Bank First, N.A. | $485,000 | $1,480,000 | 205.2% | 0.2% |
| Nations Lending Corporation | $735,000 | $1,435,000 | 95.2% | 0.2% |
| American Mortgage & Equity Consultants, Inc. | $3,235,000 | $1,430,000 | -55.8% | 0.2% |
| ADVIA | $755,000 | $1,415,000 | 87.4% | 0.2% |
| AmeriHome Mortgage Company, LLC | $700,000 | $1,395,000 | 99.3% | 0.2% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $1,390,000 | n/a | 0.2% | |
| The Equitable Bank, S.S.B. | $9,840,000 | $1,365,000 | -86.1% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $985,000 | $1,270,000 | 28.9% | 0.1% |
| Discover Bank | $590,000 | $1,235,000 | 109.3% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,300,000 | $1,195,000 | -48.0% | 0.1% |
| CONSUMERS COOPERATIVE CREDIT UNION | $565,000 | $1,175,000 | 108.0% | 0.1% |
| PROPER RATE, LLC | $175,000 | $1,170,000 | 568.6% | 0.1% |
| V.I.P. MORTGAGE, INC. | $1,155,000 | n/a | 0.1% | |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $910,000 | $1,120,000 | 23.1% | 0.1% |
| Carrington Mortgage Services, LLC | $2,140,000 | $1,095,000 | -48.8% | 0.1% |
| The Port Washington State Bank | $1,090,000 | n/a | 0.1% | |
| Sierra Pacific Mortgage Company, Inc. | $165,000 | $1,025,000 | 521.2% | 0.1% |
| Plains Commerce Bank | $75,000 | $1,000,000 | 1,233.3% | 0.1% |
| Abbott Laboratories Employees Credit Union | $310,000 | $980,000 | 216.1% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $715,000 | $980,000 | 37.1% | 0.1% |
| T2 FINANCIAL LLC | $2,005,000 | $970,000 | -51.6% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,435,000 | $955,000 | -33.4% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $135,000 | $955,000 | 607.4% | 0.1% |
| FIRST STATE MORTGAGE SERVICES, LLC | $245,000 | $935,000 | 281.6% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $775,000 | $920,000 | 18.7% | 0.1% |
| Guardian Credit Union | $2,085,000 | $915,000 | -56.1% | 0.1% |
| Hinsdale Bank & Trust Company | $895,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $95,000 | $890,000 | 836.8% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $2,780,000 | $865,000 | -68.9% | 0.1% |
| Peoples State Bank | $610,000 | $865,000 | 41.8% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $75,000 | $850,000 | 1,033.3% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $345,000 | $845,000 | 144.9% | 0.1% |
| THOMPSON KANE & COMPANY, LLC | $925,000 | $840,000 | -9.2% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $920,000 | $805,000 | -12.5% | 0.1% |
| ENVOY MORTGAGE, LTD | $3,595,000 | $745,000 | -79.3% | 0.1% |
| TOWNE MORTGAGE COMPANY | $760,000 | $735,000 | -3.3% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $105,000 | $720,000 | 585.7% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,590,000 | $720,000 | -54.7% | 0.1% |
| PREMIA MORTGAGE, LLC | $175,000 | $720,000 | 311.4% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $260,000 | $700,000 | 169.2% | 0.1% |
| KINECTA | $505,000 | $690,000 | 36.6% | 0.1% |
| Baxter Credit Union | $1,910,000 | $685,000 | -64.1% | 0.1% |
| Figure Lending LLC | $745,000 | $670,000 | -10.1% | 0.1% |
| NexBank | $670,000 | n/a | 0.1% | |
| Heritage Bank | $365,000 | $665,000 | 82.2% | 0.1% |
| The Greenwood's State Bank | $13,210,000 | $650,000 | -95.1% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $2,030,000 | $645,000 | -68.2% | 0.1% |
| State Bank of Chilton | $1,210,000 | $630,000 | -47.9% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $2,235,000 | $625,000 | -72.0% | 0.1% |
| First Federal Bank | $805,000 | $625,000 | -22.4% | 0.1% |
| First-Citizens Bank & Trust Company | $1,020,000 | $620,000 | -39.2% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $5,850,000 | $610,000 | -89.6% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,195,000 | $610,000 | -49.0% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $605,000 | n/a | 0.1% | |
| DEEPHAVEN MORTGAGE LLC | $1,410,000 | $605,000 | -57.1% | 0.1% |
| OCMBC, INC. | $310,000 | $605,000 | 95.2% | 0.1% |
| LAND HOME FINANCIAL SERVICES, INC. | $1,640,000 | $600,000 | -63.4% | 0.1% |
| EVERETT FINANCIAL, INC. | $580,000 | $570,000 | -1.7% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $215,000 | $560,000 | 160.5% | 0.1% |
| Ally Bank | $1,200,000 | $545,000 | -54.6% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $220,000 | $545,000 | 147.7% | 0.1% |
| LIMA ONE CAPITAL, LLC | $700,000 | $535,000 | -23.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,355,000 | $530,000 | -60.9% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $2,580,000 | $530,000 | -79.5% | 0.1% |
| Morgan Stanley Private Bank | $1,095,000 | $515,000 | -53.0% | 0.1% |
| Bank of America | $2,130,000 | $500,000 | -76.5% | 0.1% |
| Fifth Third Bank | $480,000 | n/a | 0.1% | |
| Self-Help Federal Credit Union | $185,000 | $480,000 | 159.5% | 0.1% |
| Collins State Bank | $475,000 | n/a | 0.1% | |
| Logan Finance Corporation | $455,000 | n/a | 0.1% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $445,000 | n/a | 0.1% | |
| American Airlines Federal Credit Union | $440,000 | n/a | 0.1% | |
| CoVantage Credit Union | $420,000 | $435,000 | 3.6% | 0.1% |
| Fortifi Bank | $415,000 | n/a | 0.0% | |
| Schaumburg Bank & Trust | $415,000 | n/a | 0.0% | |
| First Community Bank | $405,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $490,000 | $395,000 | -19.4% | 0.0% |
| Ameris Bank | $390,000 | n/a | 0.0% | |
| North Shore Trust and Savings | $390,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $465,000 | $390,000 | -16.1% | 0.0% |
| Merchants Bank | $305,000 | $385,000 | 26.2% | 0.0% |
| BNC National Bank | $455,000 | $375,000 | -17.6% | 0.0% |
| MLD MORTGAGE INC. | $375,000 | n/a | 0.0% | |
| National Exchange Bank and Trust | $1,070,000 | $360,000 | -66.4% | 0.0% |
| GENEVA FINANCIAL, LLC | $355,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $135,000 | $350,000 | 159.3% | 0.0% |
| The Loan Store, Inc. | $350,000 | n/a | 0.0% | |
| Magnolia Bank | $345,000 | n/a | 0.0% | |
| PRIME FINANCIAL CREDIT UNION | $620,000 | $345,000 | -44.4% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $340,000 | n/a | 0.0% | |
| Paramount Bank | $255,000 | $325,000 | 27.5% | 0.0% |
| UNION HOME MORTGAGE CORP. | $965,000 | $325,000 | -66.3% | 0.0% |
| Regions Bank | $315,000 | n/a | 0.0% | |
| Bankers' Bank | $310,000 | n/a | 0.0% | |
| Coastal Community Bank | $300,000 | n/a | 0.0% | |
| ALTRA | $295,000 | n/a | 0.0% | |
| NORTHWESTERN MUTUAL | $1,170,000 | $280,000 | -76.1% | 0.0% |
| CLEARPATH LENDING | $275,000 | n/a | 0.0% | |
| Empower Credit Union | $1,735,000 | $275,000 | -84.1% | 0.0% |
| FOX COMMUNITIES | $295,000 | $275,000 | -6.8% | 0.0% |
| SILVER HILL FUNDING, LLC | $1,125,000 | $265,000 | -76.4% | 0.0% |
| Northwestern Bank | $255,000 | n/a | 0.0% | |
| Republic Bank of Chicago | $65,000 | $250,000 | 284.6% | 0.0% |
| Waterstone Mortgage Corporation | $2,755,000 | $245,000 | -91.1% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $690,000 | $235,000 | -65.9% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $1,165,000 | $225,000 | -80.7% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $220,000 | n/a | 0.0% | |
| Bay Bank | $215,000 | n/a | 0.0% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $215,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $3,885,000 | $205,000 | -94.7% | 0.0% |
| Colonial Savings, F.A. | $205,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $795,000 | $200,000 | -74.8% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $75,000 | $195,000 | 160.0% | 0.0% |
| Axos Bank | $195,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $195,000 | n/a | 0.0% | |
| BOKF | $405,000 | $195,000 | -51.9% | 0.0% |
| IncredibleBank | $195,000 | n/a | 0.0% | |
| NEXERA HOLDING LLC | $195,000 | n/a | 0.0% | |
| COMMUNITY TRUST | $185,000 | n/a | 0.0% | |
| First Savings Bank | $330,000 | $185,000 | -43.9% | 0.0% |
| North American Savings Bank, F.S.B. | $185,000 | n/a | 0.0% | |
| AMERITRUST MORTGAGE CORPORATION | $175,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $410,000 | $175,000 | -57.3% | 0.0% |
| BAY-VALLEY MORTGAGE GROUP | $175,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $175,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $855,000 | $170,000 | -80.1% | 0.0% |
| BAY EQUITY LLC | $420,000 | $165,000 | -60.7% | 0.0% |
| Firefighters First Federal Credit Union | $165,000 | n/a | 0.0% | |
| Leader Bank | $165,000 | n/a | 0.0% | |
| Liberty Bank and Trust Company | $165,000 | n/a | 0.0% | |
| ALAMEDA MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| City Bank | $155,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $155,000 | n/a | 0.0% | |
| GREAT LAKES | $810,000 | $150,000 | -81.5% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | n/a | 0.0% | |
| LEADERONE FINANCIAL CORPORATION | $145,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $145,000 | n/a | 0.0% | |
| LOANPAL, LLC | $235,000 | $145,000 | -38.3% | 0.0% |
| Citadel Servicing Corporation | $135,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $135,000 | n/a | 0.0% | |
| Capital Bank | $125,000 | n/a | 0.0% | |
| The Park Bank | $125,000 | n/a | 0.0% | |
| UNIVERSITY CREDIT UNION | $125,000 | n/a | 0.0% | |
| CALIBER HOME LOANS, INC. | $3,870,000 | $115,000 | -97.0% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $115,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $125,000 | $115,000 | -8.0% | 0.0% |
| MORTGAGE CENTER L.C | $350,000 | $110,000 | -68.6% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| The Harvard State Bank | $1,230,000 | $105,000 | -91.5% | 0.0% |
| Connexus Credit Union | $95,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $35,000 | $90,000 | 157.1% | 0.0% |
| Farmers & Merchants State Bank | $85,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $365,000 | $75,000 | -79.5% | 0.0% |
| Centier Bank | $35,000 | $75,000 | 114.3% | 0.0% |
| N R L Federal Credit Union | $75,000 | n/a | 0.0% | |
| TOWER | $75,000 | n/a | 0.0% | |
| Mound City Bank | $65,000 | n/a | 0.0% | |
| CAPITAL Credit Union | $405,000 | $45,000 | -88.9% | 0.0% |
| WINGS FINANCIAL | $45,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $400,000 | $35,000 | -91.3% | 0.0% |
| Blackhawk Community Credit Union | $1,605,000 | $25,000 | -98.4% | 0.0% |
| First Community Credit Union | $180,000 | $25,000 | -86.1% | 0.0% |
RACINE's top lender by overall market share is EDUCATORS CREDIT UNION, with 10.6% market share. In second place, with 8.9%, is Johnson Bank, having originated $77,090,000 in loans. In third place, with 6.9%, is Landmark Credit Union, having originated $59,365,000 in loans. In fourth place, with 4.0%, is First American Bank, having originated $34,735,000 in loans. In fifth place, with 3.7%, is Summit Credit Union, having originated $31,835,000 in loans.
RACINE, WI Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 53105 | Racine, WI MSA | $710 | $810 | $1,070 | $1,390 | $1,560 |
| 53108 | Racine, WI MSA | $650 | $750 | $970 | $1,260 | $1,420 |
| 53120 | Racine, WI MSA | $800 | $910 | $1,190 | $1,550 | $1,740 |
| 53126 | Racine, WI MSA | $720 | $820 | $1,080 | $1,410 | $1,580 |
| 53138 | Racine, WI MSA | $680 | $780 | $1,020 | $1,330 | $1,490 |
| 53139 | Racine, WI MSA | $810 | $920 | $1,210 | $1,580 | $1,770 |
| 53144 | Racine, WI MSA | $800 | $910 | $1,190 | $1,550 | $1,740 |
| 53149 | Racine, WI MSA | $760 | $910 | $1,090 | $1,370 | $1,500 |
| 53150 | Racine, WI MSA | $900 | $1,070 | $1,290 | $1,620 | $1,770 |
| 53167 | Racine, WI MSA | $720 | $820 | $1,070 | $1,390 | $1,560 |
| 53177 | Racine, WI MSA | $730 | $830 | $1,090 | $1,420 | $1,590 |
| 53182 | Racine, WI MSA | $710 | $810 | $1,070 | $1,390 | $1,560 |
| 53185 | Racine, WI MSA | $800 | $910 | $1,190 | $1,550 | $1,740 |
| 53401 | Racine, WI MSA | $680 | $780 | $1,020 | $1,330 | $1,490 |
| 53402 | Racine, WI MSA | $690 | $790 | $1,030 | $1,340 | $1,500 |
| 53403 | Racine, WI MSA | $680 | $770 | $1,010 | $1,320 | $1,480 |
| 53404 | Racine, WI MSA | $640 | $720 | $950 | $1,240 | $1,390 |
| 53405 | Racine, WI MSA | $730 | $830 | $1,090 | $1,420 | $1,590 |
| 53406 | Racine, WI MSA | $690 | $790 | $1,030 | $1,340 | $1,500 |
| 53408 | Racine, WI MSA | $680 | $780 | $1,020 | $1,330 | $1,490 |
2022 Average & Median Rent Data Statistics
RACINE, WI average 1BR rent: $836, median: $815
RACINE, WI average 2BR rent: $1,084, median: $1,070
RACINE, WI average 3BR rent: $1,407, median: $1,390
RACINE, WI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,157 | $570,665,000 | $264,564 |
| Other | 972 | $60,130,000 | $61,862 |
| Cash Out Refi | 703 | $104,675,000 | $148,898 |
| Home Improvement | 553 | $44,175,000 | $79,882 |
| Refi | 342 | $84,230,000 | $246,287 |
Racine's most frequently cited loan purpose was Home Purchase, with 2,157 originations. The 2nd most popular reason was Other, with 972 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,394 | $297,840,000 | $213,659 |
| 7-8% | 1,189 | $237,355,000 | $199,626 |
| Over 8% | 849 | $84,765,000 | $99,841 |
| 5-6% | 656 | $128,690,000 | $196,174 |
| 4-5% | 202 | $15,010,000 | $74,307 |
| 3-4% | 194 | $14,970,000 | $77,165 |
| <2.5% | 118 | $11,370,000 | $96,356 |
| 2.5-3% | 20 | $2,280,000 | $114,000 |
During 2023, Racine's most frequently originated rate bucket was 6-7%, with 1,394 originations.
Loan Sizing (RACINE, WI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 1,893 | $91,635,000 | $48,407 |
| $100k-200k | 1,390 | $204,340,000 | $147,007 |
| $200k-400k | 1,130 | $310,070,000 | $274,398 |
| $400k-600k | 229 | $105,555,000 | $460,939 |
| $600k-1000k | 62 | $44,860,000 | $723,548 |
| $Over $1MM | 23 | $107,415,000 | $4,670,217 |
RACINE's loan sizing saw the bucket of loans from $100,000 or less with 1,893 originations, totaling $91,635,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,412 | $352,580,000 | $249,703 |
| Under 20% | 1,159 | $46,565,000 | $40,177 |
| 60-80% | 815 | $216,765,000 | $265,969 |
| 20-40% | 787 | $76,185,000 | $96,804 |
| 40-60% | 372 | $76,330,000 | $205,188 |
| Over 100% | 29 | $15,215,000 | $524,655 |
RACINE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,412 originations, totaling $352,580,000 in origination value.