Is PyraMax Bank FSB a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by PyraMax Bank FSB to those of other lenders for a comparable set of borrowers. Here is our review of PyraMax Bank FSB nationally:
|Review Item||PyraMax Bank FSB|
|Interest Rate||lower than other lenders (-0.13%)|
|Loan Related Closing Costs||similar to other lenders (-$166)|
|National Rate and Closing Cost Star Rating||(4)|
On average, PyraMax Bank FSB’s interest rates were lower than those of other lenders (-0.13%). On the other hand, its loan related closing costs were similar to those of other lenders, with a difference of -$166. Overall, combining interest rates and closing costs we estimate that PyraMax Bank FSB tends to be a cheap lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.
We maintain our independence by not accepting any money from the mortgage lenders we review. To visit PyraMax Bank FSB, check out its website at: https://www.pyramaxbank.com.
PyraMax Bank FSB’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track PyraMax Bank FSB was most active in:
PyraMax Bank FSB’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, PyraMax Bank FSB originated Conforming 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.
|New Purchase Mortgages||Conforming|
|Interest Rate Difference||-0.08%|
|Loan Related Closing Cost Difference||-$56|
|Cost Adjusted Rate Difference||-0.09%|
|National Star Rating|
|Interest Rate Difference||-0.16%|
|Loan Related Closing Cost Difference||-$263|
|Cost Adjusted Rate Difference||-0.19%|
|Average Star Rating|
As a summary, PyraMax Bank FSB is cheap for Conforming purchase mortgages. For refinancing, PyraMax Bank FSB is cheap 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 PyraMax Bank FSB:
Registered city and state: Greenfield, WI, 53220
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: 1895 BANCORP OF WISCONSIN, MHC
* 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 PyraMax Bank FSB’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.