Shawano Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Shawano averaged
6.43%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.83% and
one month ago for the week of 2024-09-05, the
average rate was 6.06%.
Shawano's average rate one year ago was 7.4%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.92%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Shawano 30 Year Fixed Rate | 2024-10-10 | 6.43% |
Shawano 30 Year Fixed Rate Refi | 2024-10-10 | 6.92% |
Shawano 15 Year Fixed Rate | 2024-10-10 | 5.51% |
Shawano 15 Year Fixed Rate Refi | 2024-10-10 | 5.31% |
Shawano 30 Year FHA | 2024-10-10 | 6.3% |
Shawano 30 Year FHA Refi | 2024-10-10 | 6% |
Shawano 30 Year USDA | 2024-10-10 | 6.18% |
Shawano 30 Year USDA Refi | 2024-10-10 | 5.98% |
Shawano 30 Year VA | 2024-10-10 | 5.65% |
Shawano 30 Year VA Refi | 2024-10-10 | 6.05% |
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 67 lenders originated 1,139
loans during 2023. The total origination value was $150,665,000, with an average loan value of
$132,278.
Shawano's average closing costs are $2,873.
The top Shawano lender as defined by loan originations is CoVantage Credit Union, with
96 loans originated. Their average total fees are
$2,849, which is $633
higher than the next largest lender,
CAPITAL Credit Union.
The lowest fee Shawano lenders (with over 10 loans originated) are
FOX COMMUNITIES ($1,021), CAPITAL Credit Union ($2,216), Bank First, N.A. ($2,229), CoVantage Credit Union ($2,849) and Associated Bank ($2,993).
The lowest rate Shawano lenders (with over 10 loans originated) are
CAPITAL Credit Union (6.32%), FOX COMMUNITIES (6.40%), CoVantage Credit Union (6.66%), Associated Bank (6.78%) and Bank First, N.A. (6.82%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
CoVantage Credit Union | $46,710,000 | $33,965,000 | -27.3% | 22.5% |
CAPITAL Credit Union | $12,770,000 | $9,040,000 | -29.2% | 6.0% |
FOX COMMUNITIES | $12,370,000 | $7,795,000 | -37.0% | 5.2% |
Community First Credit Union | $7,915,000 | $5,710,000 | -27.9% | 3.8% |
Associated Bank | $9,350,000 | $5,680,000 | -39.3% | 3.8% |
Bank First, N.A. | $3,965,000 | $5,090,000 | 28.4% | 3.4% |
Nicolet National Bank | $6,280,000 | $4,175,000 | -33.5% | 2.8% |
Premier Community Bank | $5,255,000 | $3,650,000 | -30.5% | 2.4% |
Johnson Bank | $4,025,000 | $3,375,000 | -16.1% | 2.2% |
UNITED WHOLESALE MORTGAGE, LLC | $4,480,000 | $3,225,000 | -28.0% | 2.1% |
Mortgage Research Center, LLC | $1,805,000 | $3,135,000 | 73.7% | 2.1% |
AbbyBank | $1,570,000 | $3,005,000 | 91.4% | 2.0% |
GUILD MORTGAGE COMPANY | $2,850,000 | n/a | 1.9% | |
QUICKEN LOANS, LLC | $5,210,000 | $2,560,000 | -50.9% | 1.7% |
Ixonia Bank | $240,000 | $2,510,000 | 945.8% | 1.7% |
Bay Bank | $3,385,000 | $2,495,000 | -26.3% | 1.7% |
Summit Credit Union | $780,000 | $2,400,000 | 207.7% | 1.6% |
BMO Harris Bank | $2,665,000 | $2,060,000 | -22.7% | 1.4% |
Barrington Bank & Trust Company, N.A. | $290,000 | $2,015,000 | 594.8% | 1.3% |
U.S. Bank | $2,105,000 | $1,895,000 | -10.0% | 1.3% |
North Shore Bank FSB | $690,000 | $1,885,000 | 173.2% | 1.3% |
V.I.P. MORTGAGE, INC. | $1,810,000 | n/a | 1.2% | |
GUARANTEED RATE, INC. | $1,880,000 | $1,730,000 | -8.0% | 1.1% |
Landmark Credit Union | $2,750,000 | $1,675,000 | -39.1% | 1.1% |
Nations Lending Corporation | $1,720,000 | $1,580,000 | -8.1% | 1.0% |
Paramount Residential Mortgage Group, Inc. | $285,000 | $1,440,000 | 405.3% | 1.0% |
MOVEMENT MORTGAGE, LLC | $125,000 | $1,435,000 | 1,048.0% | 1.0% |
Peoples State Bank | $730,000 | $1,415,000 | 93.8% | 0.9% |
GreenStone Farm Credit Services, FLCA | $3,655,000 | $1,335,000 | -63.5% | 0.9% |
Waterstone Mortgage Corporation | $1,460,000 | $1,075,000 | -26.4% | 0.7% |
CROSSCOUNTRY MORTGAGE, LLC | $875,000 | $1,015,000 | 16.0% | 0.7% |
University of Wisconsin Credit Union | $575,000 | $955,000 | 66.1% | 0.6% |
Morgan Stanley Private Bank | $910,000 | n/a | 0.6% | |
Independent Bank | $865,000 | n/a | 0.6% | |
PCM | $1,695,000 | $865,000 | -49.0% | 0.6% |
BROKER SOLUTIONS, INC. | $640,000 | $775,000 | 21.1% | 0.5% |
COMPEER FINANCIAL, FLCA | $775,000 | n/a | 0.5% | |
BLC Community Bank | $1,120,000 | $715,000 | -36.2% | 0.5% |
FIRST CENTENNIAL MORTGAGE CORPORATION | $185,000 | $695,000 | 275.7% | 0.5% |
WINGS FINANCIAL | $685,000 | n/a | 0.5% | |
IAA Credit Union | $645,000 | n/a | 0.4% | |
Bankers' Bank | $620,000 | n/a | 0.4% | |
JPMorgan Chase Bank | $240,000 | $600,000 | 150.0% | 0.4% |
Wells Fargo Bank | $2,510,000 | $595,000 | -76.3% | 0.4% |
Horicon Bank | $550,000 | n/a | 0.4% | |
Bank of Luxemburg | $2,255,000 | $535,000 | -76.3% | 0.4% |
N.E.W. Credit Union | $545,000 | $475,000 | -12.8% | 0.3% |
UNISON CREDIT UNION | $405,000 | $475,000 | 17.3% | 0.3% |
Frandsen Bank & Trust | $465,000 | n/a | 0.3% | |
Farmers Savings Bank | $455,000 | n/a | 0.3% | |
Kohler Credit Union | $510,000 | $445,000 | -12.7% | 0.3% |
Greenleaf Wayside Bank | $440,000 | n/a | 0.3% | |
Cloverbelt Credit Union | $985,000 | $415,000 | -57.9% | 0.3% |
East Wisconsin Savings Bank | $65,000 | $410,000 | 530.8% | 0.3% |
Bell Bank | $365,000 | $380,000 | 4.1% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $330,000 | $380,000 | 15.2% | 0.3% |
MARINE | $990,000 | $375,000 | -62.1% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $1,400,000 | $375,000 | -73.2% | 0.2% |
The Huntington National Bank | $260,000 | $365,000 | 40.4% | 0.2% |
The Park Bank | $365,000 | n/a | 0.2% | |
Wolf River Community Bank | $775,000 | $360,000 | -53.5% | 0.2% |
Community First Bank | $330,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $365,000 | $330,000 | -9.6% | 0.2% |
WINNEBAGO COMMUNITY | $320,000 | n/a | 0.2% | |
AgCountry Farm Credit Services, FLCA | $315,000 | n/a | 0.2% | |
CARDINAL FINANCIAL | $610,000 | $315,000 | -48.4% | 0.2% |
First Federal Bank | $315,000 | n/a | 0.2% | |
MID AMERICA MORTGAGE, INC. | $155,000 | $315,000 | 103.2% | 0.2% |
NAVY FEDERAL CREDIT UNION | $800,000 | $300,000 | -62.5% | 0.2% |
Prosperity Home Mortgage, LLC | $295,000 | $285,000 | -3.4% | 0.2% |
Carrington Mortgage Services, LLC | $320,000 | $275,000 | -14.1% | 0.2% |
CHERRY CREEK MORTGAGE, LLC | $2,790,000 | $260,000 | -90.7% | 0.2% |
GREAT RIVER FEDERAL CREDIT UNION | $255,000 | n/a | 0.2% | |
LOANDEPOT.COM, LLC | $435,000 | $250,000 | -42.5% | 0.2% |
TRIAD FINANCIAL SERVICES, INC. | $35,000 | $250,000 | 614.3% | 0.2% |
A + MORTGAGE SERVICES, INC. | $385,000 | $245,000 | -36.4% | 0.2% |
Flagstar Bank, FSB | $260,000 | $245,000 | -5.8% | 0.2% |
GUARANTEED RATE AFFINITY, LLC | $105,000 | $245,000 | 133.3% | 0.2% |
MICHIGAN MUTUAL, INC. | $300,000 | $240,000 | -20.0% | 0.2% |
FORTE BANK | $1,505,000 | $230,000 | -84.7% | 0.2% |
The Equitable Bank, S.S.B. | $225,000 | n/a | 0.1% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $215,000 | n/a | 0.1% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $205,000 | n/a | 0.1% | |
Citadel Servicing Corporation | $195,000 | n/a | 0.1% | |
Equity Prime Mortgage LLC | $195,000 | n/a | 0.1% | |
Intercity State Bank | $455,000 | $190,000 | -58.2% | 0.1% |
Waukesha State Bank | $185,000 | n/a | 0.1% | |
ENDEAVOR CAPITAL, LLC. | $175,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $175,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $230,000 | $175,000 | -23.9% | 0.1% |
NexBank | $175,000 | n/a | 0.1% | |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $175,000 | n/a | 0.1% | |
GSF Mortgage Corporation | $315,000 | $165,000 | -47.6% | 0.1% |
IncredibleBank | $195,000 | $165,000 | -15.4% | 0.1% |
Old National Bank | $270,000 | $155,000 | -42.6% | 0.1% |
HOMESTEAD FUNDING CORP. | $145,000 | n/a | 0.1% | |
Royal Credit Union | $185,000 | $145,000 | -21.6% | 0.1% |
USAA Federal Savings Bank | $995,000 | $145,000 | -85.4% | 0.1% |
AFFINITY PLUS | $135,000 | n/a | 0.1% | |
NEWREZ LLC | $85,000 | $135,000 | 58.8% | 0.1% |
THE PESHTIGO NATIONAL BANK | $480,000 | $135,000 | -71.9% | 0.1% |
AMERISAVE MORTGAGE CORPORATION | $165,000 | $125,000 | -24.2% | 0.1% |
Bank Five Nine | $1,465,000 | $125,000 | -91.5% | 0.1% |
SUN WEST MORTGAGE COMPANY, INC. | $115,000 | n/a | 0.1% | |
ACADEMY MORTGAGE CORPORATION | $105,000 | n/a | 0.1% | |
The Stephenson National Bank and Trust | $105,000 | n/a | 0.1% | |
Discover Bank | $190,000 | $95,000 | -50.0% | 0.1% |
PENNYMAC LOAN SERVICES, LLC | $750,000 | $95,000 | -87.3% | 0.1% |
Connexus Credit Union | $90,000 | n/a | 0.1% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,945,000 | $85,000 | -97.1% | 0.1% |
EDUCATORS CREDIT UNION | $190,000 | $80,000 | -57.9% | 0.1% |
GreenStone Farm Credit Services, ACA | $15,000 | $75,000 | 400.0% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $65,000 | $75,000 | 15.4% | 0.0% |
Marathon Bank | $485,000 | $55,000 | -88.7% | 0.0% |
National Exchange Bank and Trust | $100,000 | $45,000 | -55.0% | 0.0% |
Tomahawk Community Bank SSB | $325,000 | $45,000 | -86.2% | 0.0% |
VERVE, A CREDIT UNION | $285,000 | $45,000 | -84.2% | 0.0% |
Brokaw Credit Union | $35,000 | n/a | 0.0% | |
Figure Lending LLC | $35,000 | n/a | 0.0% | |
The First National Bank and Trust Company | $15,000 | n/a | 0.0% |
Shawano's top lender by overall market share is CoVantage Credit Union, with 22.5% market share. In second place, with 6.0%, is CAPITAL Credit Union, having originated $9,040,000 in loans. In third place, with 5.2%, is FOX COMMUNITIES, having originated $7,795,000 in loans. In fourth place, with 3.8%, is Community First Credit Union, having originated $5,710,000 in loans. In fifth place, with 3.8%, is Associated Bank, having originated $5,680,000 in loans.
Shawano, WI Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 427 | $90,065,000 | $210,925 |
Other | 236 | $12,900,000 | $54,661 |
Refi | 231 | $18,995,000 | $82,229 |
Cash Out Refi | 165 | $20,655,000 | $125,182 |
Home Improvement | 80 | $8,050,000 | $100,625 |
Shawano's most frequently cited loan purpose was Home Purchase, with 427 originations. The 2nd most popular reason was Other, with 236 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
7-8% | 405 | $42,575,000 | $105,123 |
6-7% | 371 | $56,335,000 | $151,846 |
Over 8% | 146 | $12,590,000 | $86,233 |
5-6% | 139 | $27,475,000 | $197,662 |
4-5% | 7 | $945,000 | $135,000 |
<2.5% | 5 | $395,000 | $79,000 |
During 2023, Shawano's most frequently originated rate bucket was 7-8%, with 405 originations.
Loan Sizing (Shawano, WI MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 601 | $28,375,000 | $47,213 |
$100k-200k | 305 | $43,485,000 | $142,574 |
$200k-400k | 178 | $48,280,000 | $271,236 |
$400k-600k | 38 | $17,710,000 | $466,053 |
$600k-1000k | 16 | $11,530,000 | $720,625 |
$Over $1MM | 1 | $1,285,000 | $1,285,000 |
Shawano's loan sizing saw the bucket of loans from $100,000 or less with 601 originations, totaling $28,375,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 249 | $54,515,000 | $218,936 |
Under 20% | 245 | $8,755,000 | $35,735 |
20-40% | 238 | $16,810,000 | $70,630 |
60-80% | 202 | $40,560,000 | $200,792 |
40-60% | 128 | $18,480,000 | $144,375 |
Over 100% | 5 | $945,000 | $189,000 |
Shawano's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 249 originations, totaling $54,515,000 in origination value.