Shawano Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Shawano averaged
6.7%
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
6.44% and
one month ago for the week of 2023-08-10, the
average rate was 6.28%.
Shawano's average rate one year ago was 5.11%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.33%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
Shawano 30 Year Fixed Rate | 2023-09-14 | 6.7% |
Shawano 30 Year Fixed Rate Refi | 2023-09-14 | 6.33% |
Shawano 15 Year Fixed Rate | 2023-09-14 | 6.41% |
Shawano 15 Year Fixed Rate Refi | 2023-09-14 | 6.51% |
Shawano 30 Year FHA | 2023-09-14 | 7.19% |
Shawano 30 Year FHA Refi | 2023-09-14 | 7.19% |
Shawano 30 Year USDA | 2023-09-14 | 7.08% |
Shawano 30 Year USDA Refi | 2023-09-14 | 7.08% |
Shawano 30 Year VA | 2023-09-14 | 7.01% |
Shawano 30 Year VA Refi | 2023-09-14 | 7.01% |
Shawano 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 Shawano, 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.).
Shawano Average Closing Costs & Other Stats
Shawano, WI's 82 lenders originated 1,371
loans during 2022. The total origination value was $199,505,000, with an average loan value of
$145,518.
Shawano's average closing costs are $2,747.
The top Shawano lender as defined by loan originations is CoVantage Credit Union, with
160 loans originated. Their average total fees are
$2,153, which is $186
higher than the next largest lender,
CAPITAL Credit Union.
The lowest fee Shawano lenders (with over 10 loans originated) are
FOX COMMUNITIES ($1,126), CAPITAL Credit Union ($1,967), CoVantage Credit Union ($2,153), Associated Bank ($2,369) and Nicolet National Bank ($3,761).
The lowest rate Shawano lenders (with over 10 loans originated) are
CAPITAL Credit Union (3.73%), FOX COMMUNITIES (4.13%), Associated Bank (4.36%), Nicolet National Bank (4.68%) and CoVantage Credit Union (4.81%).
Shawano, 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 |
---|---|---|---|---|
CoVantage Credit Union | $79,045,000 | $46,710,000 | -40.9% | 23.4% |
CAPITAL Credit Union | $14,255,000 | $12,770,000 | -10.4% | 6.4% |
FOX COMMUNITIES | $14,395,000 | $12,370,000 | -14.1% | 6.2% |
Associated Bank | $13,070,000 | $9,350,000 | -28.5% | 4.7% |
Community First Credit Union | $8,245,000 | $7,915,000 | -4.0% | 4.0% |
Nicolet National Bank | $8,120,000 | $6,280,000 | -22.7% | 3.1% |
Premier Community Bank | $4,980,000 | $5,255,000 | 5.5% | 2.6% |
QUICKEN LOANS, LLC | $10,600,000 | $5,210,000 | -50.8% | 2.6% |
UNITED WHOLESALE MORTGAGE, LLC | $7,730,000 | $4,480,000 | -42.0% | 2.2% |
Johnson Bank | $12,515,000 | $4,025,000 | -67.8% | 2.0% |
Bank First, N.A. | $4,065,000 | $3,965,000 | -2.5% | 2.0% |
GreenStone Farm Credit Services, FLCA | $4,520,000 | $3,655,000 | -19.1% | 1.8% |
Bay Bank | $3,970,000 | $3,385,000 | -14.7% | 1.7% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,150,000 | $2,945,000 | -29.0% | 1.5% |
CHERRY CREEK MORTGAGE, LLC | $2,210,000 | $2,790,000 | 26.2% | 1.4% |
Landmark Credit Union | $1,450,000 | $2,750,000 | 89.7% | 1.4% |
BMO Harris Bank | $3,995,000 | $2,665,000 | -33.3% | 1.3% |
Wells Fargo Bank | $7,565,000 | $2,510,000 | -66.8% | 1.3% |
FINANCE OF AMERICA MORTGAGE LLC | $2,540,000 | $2,450,000 | -3.5% | 1.2% |
Bank of Luxemburg | $970,000 | $2,255,000 | 132.5% | 1.1% |
U.S. Bank | $1,920,000 | $2,105,000 | 9.6% | 1.1% |
INLANTA MORTGAGE, INC. | $5,385,000 | $2,000,000 | -62.9% | 1.0% |
GUARANTEED RATE, INC. | $5,250,000 | $1,880,000 | -64.2% | 0.9% |
Mortgage Research Center, LLC | $2,555,000 | $1,805,000 | -29.4% | 0.9% |
Nations Lending Corporation | $215,000 | $1,720,000 | 700.0% | 0.9% |
PCM | $595,000 | $1,695,000 | 184.9% | 0.8% |
AbbyBank | $2,500,000 | $1,570,000 | -37.2% | 0.8% |
Fortifi Bank | $475,000 | $1,540,000 | 224.2% | 0.8% |
FORTE BANK | $1,505,000 | n/a | 0.8% | |
Bank Five Nine | $300,000 | $1,465,000 | 388.3% | 0.7% |
Waterstone Mortgage Corporation | $1,985,000 | $1,460,000 | -26.4% | 0.7% |
Mr. Cooper ( Nationstar Mortgage ) | $945,000 | $1,400,000 | 48.1% | 0.7% |
BLC Community Bank | $2,900,000 | $1,120,000 | -61.4% | 0.6% |
USAA Federal Savings Bank | $245,000 | $995,000 | 306.1% | 0.5% |
MARINE | $760,000 | $990,000 | 30.3% | 0.5% |
Cloverbelt Credit Union | $470,000 | $985,000 | 109.6% | 0.5% |
Denmark State Bank | $2,360,000 | $945,000 | -60.0% | 0.5% |
CROSSCOUNTRY MORTGAGE, LLC | $1,640,000 | $875,000 | -46.6% | 0.4% |
NAVY FEDERAL CREDIT UNION | $800,000 | n/a | 0.4% | |
Summit Credit Union | $725,000 | $780,000 | 7.6% | 0.4% |
Wolf River Community Bank | $1,215,000 | $775,000 | -36.2% | 0.4% |
PENNYMAC LOAN SERVICES, LLC | $1,115,000 | $750,000 | -32.7% | 0.4% |
Peoples State Bank | $730,000 | n/a | 0.4% | |
North Shore Bank FSB | $1,650,000 | $690,000 | -58.2% | 0.3% |
Bank of England | $175,000 | $645,000 | 268.6% | 0.3% |
EVERETT FINANCIAL, INC. | $795,000 | $645,000 | -18.9% | 0.3% |
BROKER SOLUTIONS, INC. | $880,000 | $640,000 | -27.3% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,985,000 | $610,000 | -69.3% | 0.3% |
PLAZA HOME MORTGAGE, INC. | $640,000 | $590,000 | -7.8% | 0.3% |
University of Wisconsin Credit Union | $1,695,000 | $575,000 | -66.1% | 0.3% |
Cleveland State Bank | $125,000 | $555,000 | 344.0% | 0.3% |
N.E.W. Credit Union | $275,000 | $545,000 | 98.2% | 0.3% |
PROSPERA Credit Union | $535,000 | n/a | 0.3% | |
Kohler Credit Union | $115,000 | $510,000 | 343.5% | 0.3% |
PLANET HOME LENDING, LLC | $490,000 | n/a | 0.2% | |
Marathon Bank | $485,000 | n/a | 0.2% | |
UNITED HOME LOANS, INC. | $485,000 | n/a | 0.2% | |
Citizens Bank | $480,000 | n/a | 0.2% | |
THE PESHTIGO NATIONAL BANK | $480,000 | n/a | 0.2% | |
Intercity State Bank | $795,000 | $455,000 | -42.8% | 0.2% |
LOANDEPOT.COM, LLC | $2,105,000 | $435,000 | -79.3% | 0.2% |
PNC Bank | $435,000 | n/a | 0.2% | |
UNISON CREDIT UNION | $575,000 | $405,000 | -29.6% | 0.2% |
S1L, Inc. | $395,000 | n/a | 0.2% | |
A + MORTGAGE SERVICES, INC. | $395,000 | $385,000 | -2.5% | 0.2% |
The Central Trust Bank | $385,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $380,000 | n/a | 0.2% | |
Bell Bank | $115,000 | $365,000 | 217.4% | 0.2% |
ENVOY MORTGAGE, LTD | $180,000 | $365,000 | 102.8% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $3,645,000 | $365,000 | -90.0% | 0.2% |
TOWNE MORTGAGE COMPANY | $1,595,000 | $345,000 | -78.4% | 0.2% |
State Bank of Chilton | $335,000 | n/a | 0.2% | |
LAKEVIEW LOAN SERVICING, LLC | $310,000 | $330,000 | 6.5% | 0.2% |
Tomahawk Community Bank SSB | $145,000 | $325,000 | 124.1% | 0.2% |
Carrington Mortgage Services, LLC | $415,000 | $320,000 | -22.9% | 0.2% |
GSF Mortgage Corporation | $850,000 | $315,000 | -62.9% | 0.2% |
MICHIGAN MUTUAL, INC. | $840,000 | $300,000 | -64.3% | 0.2% |
Prosperity Home Mortgage, LLC | $325,000 | $295,000 | -9.2% | 0.1% |
Barrington Bank & Trust Company, N.A. | $270,000 | $290,000 | 7.4% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $970,000 | $285,000 | -70.6% | 0.1% |
VERVE, A CREDIT UNION | $610,000 | $285,000 | -53.3% | 0.1% |
The Port Washington State Bank | $275,000 | n/a | 0.1% | |
Tri City National Bank | $155,000 | $275,000 | 77.4% | 0.1% |
Bristol Morgan Bank | $270,000 | n/a | 0.1% | |
Old National Bank | $1,110,000 | $270,000 | -75.7% | 0.1% |
CORNERSTONE HOME LENDING, INC. | $300,000 | $260,000 | -13.3% | 0.1% |
Flagstar Bank, FSB | $3,750,000 | $260,000 | -93.1% | 0.1% |
The Huntington National Bank | $450,000 | $260,000 | -42.2% | 0.1% |
Capitol Federal Savings Bank | $245,000 | n/a | 0.1% | |
Ixonia Bank | $485,000 | $240,000 | -50.5% | 0.1% |
JPMorgan Chase Bank | $1,935,000 | $240,000 | -87.6% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $350,000 | $230,000 | -34.3% | 0.1% |
NEW DAY FINANCIAL, LLC | $1,000,000 | $230,000 | -77.0% | 0.1% |
MORTGAGE CENTER L.C | $225,000 | n/a | 0.1% | |
AmeriHome Mortgage Company, LLC | $115,000 | $215,000 | 87.0% | 0.1% |
IncredibleBank | $605,000 | $195,000 | -67.8% | 0.1% |
Discover Bank | $190,000 | n/a | 0.1% | |
EDUCATORS CREDIT UNION | $550,000 | $190,000 | -65.5% | 0.1% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $255,000 | $185,000 | -27.5% | 0.1% |
Royal Credit Union | $185,000 | n/a | 0.1% | |
West Pointe Bank | $180,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $350,000 | $175,000 | -50.0% | 0.1% |
The Federal Savings Bank | $175,000 | n/a | 0.1% | |
TJC Mortgage, Inc. | $175,000 | n/a | 0.1% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
AMERISAVE MORTGAGE CORPORATION | $945,000 | $165,000 | -82.5% | 0.1% |
AMERICAN FINANCING CORPORATION | $495,000 | $155,000 | -68.7% | 0.1% |
American National Bank - Fox Cities | $140,000 | $155,000 | 10.7% | 0.1% |
ANGEL OAK HOME LOANS LLC | $155,000 | n/a | 0.1% | |
Fifth Third Bank | $280,000 | $155,000 | -44.6% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $155,000 | n/a | 0.1% | |
LOANPAL, LLC | $155,000 | n/a | 0.1% | |
MID AMERICA MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
Valley Communities Credit Union | $155,000 | n/a | 0.1% | |
BETTER MORTGAGE CORPORATION | $1,065,000 | $145,000 | -86.4% | 0.1% |
VAN DYK MORTGAGE CORPORATION | $145,000 | n/a | 0.1% | |
ALLIANT CREDIT UNION | $135,000 | n/a | 0.1% | |
GATEWAY MORTGAGE CORPORATION | $125,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $125,000 | n/a | 0.1% | |
First Guaranty Mortgage Corporation | $85,000 | $115,000 | 35.3% | 0.1% |
First Savings Bank | $115,000 | n/a | 0.1% | |
LAND HOME FINANCIAL SERVICES, INC. | $560,000 | $115,000 | -79.5% | 0.1% |
Plains Commerce Bank | $360,000 | $115,000 | -68.1% | 0.1% |
THRIVENT Federal Credit Union | $1,495,000 | $115,000 | -92.3% | 0.1% |
Westbury Bank | $115,000 | n/a | 0.1% | |
Wyndham Capital Mortgage, Inc. | $115,000 | n/a | 0.1% | |
GUARANTEED RATE AFFINITY, LLC | $105,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $105,000 | n/a | 0.1% | |
National Exchange Bank and Trust | $1,125,000 | $100,000 | -91.1% | 0.1% |
ZILLOW HOME LOANS, LLC | $95,000 | n/a | 0.0% | |
Community State Bank | $305,000 | $85,000 | -72.1% | 0.0% |
NEWREZ LLC | $1,300,000 | $85,000 | -93.5% | 0.0% |
Oak Bank | $85,000 | n/a | 0.0% | |
East Wisconsin Savings Bank | $165,000 | $65,000 | -60.6% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $335,000 | $65,000 | -80.6% | 0.0% |
Park City Credit Union | $55,000 | n/a | 0.0% | |
Hometown Bank | $920,000 | $35,000 | -96.2% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $205,000 | $35,000 | -82.9% | 0.0% |
GreenStone Farm Credit Services, ACA | $40,000 | $15,000 | -62.5% | 0.0% |
Shawano's top lender by overall market share is CoVantage Credit Union, with 23.4% market share. In second place, with 6.4%, is CAPITAL Credit Union, having originated $12,770,000 in loans. In third place, with 6.2%, is FOX COMMUNITIES, having originated $12,370,000 in loans. In fourth place, with 4.7%, is Associated Bank, having originated $9,350,000 in loans. In fifth place, with 4.0%, is Community First Credit Union, having originated $7,915,000 in loans.
Shawano, WI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 578 | $116,120,000 | $200,900 |
Cash Out Refi | 277 | $35,635,000 | $128,646 |
Refi | 254 | $30,920,000 | $121,732 |
Other | 187 | $11,435,000 | $61,150 |
Home Improvement | 75 | $5,395,000 | $71,933 |
Shawano's most frequently cited loan purpose was Home Purchase, with 578 originations. The 2nd most popular reason was Cash Out Refi, with 277 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 402 | $58,140,000 | $144,627 |
5-6% | 270 | $38,190,000 | $141,444 |
4-5% | 247 | $37,575,000 | $152,126 |
6-7% | 145 | $19,075,000 | $131,552 |
2.5-3% | 120 | $19,900,000 | $165,833 |
<2.5% | 62 | $7,910,000 | $127,581 |
7-8% | 30 | $2,620,000 | $87,333 |
Over 8% | 13 | $1,415,000 | $108,846 |
During 2022, Shawano's most frequently originated rate bucket was 3-4%, with 402 originations.
Loan Sizing (Shawano, WI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 575 | $29,755,000 | $51,748 |
$100k-200k | 493 | $70,675,000 | $143,357 |
$200k-400k | 245 | $65,815,000 | $268,633 |
$400k-600k | 46 | $22,060,000 | $479,565 |
$600k-1000k | 8 | $5,840,000 | $730,000 |
$Over $1MM | 4 | $5,360,000 | $1,340,000 |
Shawano's loan sizing saw the bucket of loans from $100,000 or less with 575 originations, totaling $29,755,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 395 | $74,465,000 | $188,519 |
60-80% | 335 | $64,095,000 | $191,328 |
20-40% | 200 | $14,370,000 | $71,850 |
Under 20% | 185 | $5,825,000 | $31,486 |
40-60% | 160 | $23,340,000 | $145,875 |
Over 100% | 10 | $2,410,000 | $241,000 |
Shawano's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 395 originations, totaling $74,465,000 in origination value.