Waukesha State Bank Mortgage Interest Rate and Cost Review

Is Waukesha State Bank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Waukesha State Bank to those of other lenders for a comparable set of borrowers. We maintain our independence by not accepting any money from the mortgage lenders we review. Going by historical data, here is our review of Waukesha State Bank nationally:

Review ItemWaukesha State Bank
Interest Ratesimilar to other lenders (+0.07%)
Loan Related Closing Costssimilar to other lenders (+$46)
National Rate and Closing Cost Star Rating(3)

On average, Waukesha State Bank’s interest rates were similar to those of other lenders (+0.07%) for a comparable set of borrowers. Its loan related closing costs were also similar to those of other lenders, with a difference of +$46. Overall, combining interest rates and closing costs we estimate that Waukesha State Bank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3 out of 5 stars. To visit Waukesha State Bank, its website is located at: https://www.waukeshabank.com.

Waukesha State Bank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. In particular, among the cities we track Waukesha State Bank was most active in:

  1. Milwaukee, WI
  2. Chicago, IL
  3. Madison, WI
  4. Rhinelander, WI
  5. Green Bay, WI

You can click through to check out Waukesha State Bank’s mortgage rate relative to those of other lenders within each city. Or, for our entire list of the top mortgage lenders by city, click here.

Waukesha State Bank’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Waukesha State Bank originated Conforming, Jumbo and VA mortgages for new home purchases and refinances. Its average interest rate and total loan related closing cost difference relative to other lenders by mortgages type is as follows.

Purchase/Refinance:
New Purchase MortgagesConformingJumboVA
Interest Rate Difference+0.09%-0.00%-0.05%
Loan Related Closing Cost Difference+$81+$11+$28
Cost Adjusted Rate Difference+0.10%-0.00%-0.05%
National Star Rating(3)(3.5)(3.5)
Refinance MortgagesConformingJumboVA
Interest Rate Difference+0.06%+0.03%+0.01%
Loan Related Closing Cost Difference+$10+$18+$11
Cost Adjusted Rate Difference+0.06%+0.03%+0.01%
Average Star Rating(3)(3.5)(3.5)

As a summary, Waukesha State Bank is similar to other lenders for Jumbo and VA purchase mortgages. It is more expensive than other lenders for Conforming purchase mortgages. For refinancing, Waukesha State Bank is similar to other lenders for Jumbo and VA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about Waukesha State Bank:

Registered name: Waukesha State Bank
Registered city and state: WAUKESHA, WI, 53187-0648
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: BANK STREET CAPITAL CORPORATION

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Waukesha State Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.