# Bank Five Nine

> **Canonical URL:** https://saferate.com/lenders/bank-five-nine


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Bank Five Nine is a bank, headquartered in Oconomowoc, WI, serving borrowers across 16 states, with 1,070 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 33% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 21% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900DTLB5WWMBJAD86
- **Headquarters:** Oconomowoc, WI
- **Geographic Reach:** Multi-Region
- **States Served:** 16
- **State List:** AL, AZ, CO, FL, GA, IL, IN, KS, MI, MN, MO, SC, TN, TX, WA, WI
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 67/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 79/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.204%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,043
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,070
- **Dollar Volume:** $317 million
- **Applications Received:** 1,310
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $296,280
- **Average Borrower Income:** $125,273
- **Average Property Value:** $388,850

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (77%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 73/100 | 912 | +0.217% | $988 | Strong 😀 |
| FHA | 70/100 | 97 | +0.442% | $1,090 | Strong 😀 |
| VA | 72/100 | 59 | -0.383% | $1,815 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 775 loans, Score: 73/100 (Strong)
- Refinance: 137 loans, Score: 66/100 (Strong)

**FHA:**
- Purchase: 93 loans, Score: 70/100 (Strong)

**VA:**
- Purchase: 52 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 74/100 | 921 | $273M | +0.214% | Strong 😀 |
| Refinance | 66/100 | 149 | $44M | +0.143% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WI | 1,027 | 1.56% | 92/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Milwaukee | WI | 567 | 92/100 |
| Non |  | 112 | 52/100 |
| Kenosha, WI | WI | 83 | 86/100 |
| Racine | WI | 83 | 78/100 |
| Minneapolis | MN-WI | 52 | 57/100 |
| Madison, WI | WI | 36 | 56/100 |
| Green Bay, WI | WI | 26 | 56/100 |
| Appleton, WI | WI | 25 | 54/100 |
| Wausau, WI | WI | 18 | 50/100 |

## Where This Lender Ranks

Bank Five Nine appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Racine for FHA Loans
  - [View Full Rankings](https://saferate.com/racine/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Racine for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/racine/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Racine for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/racine/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Kenosha, WI for FHA Loans
  - [View Full Rankings](https://saferate.com/kenosha-wi/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Kenosha, WI for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kenosha-wi/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Kenosha, WI for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kenosha-wi/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Wisconsin for FHA Loans
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Wisconsin for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Milwaukee for FHA Loans
  - [View Full Rankings](https://saferate.com/milwaukee/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Milwaukee for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/milwaukee/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Milwaukee for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/milwaukee/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Racine for VA Loans
  - [View Full Rankings](https://saferate.com/racine/best-mortgage-lenders/va-loans)
- 🥈 **#2** in Kenosha, WI Banks
  - [View Full Rankings](https://saferate.com/kenosha-wi/best-mortgage-lenders/banks)
- 🥈 **#2** in Kenosha, WI for VA Loans
  - [View Full Rankings](https://saferate.com/kenosha-wi/best-mortgage-lenders/va-loans)
- 🥉 **#3** in Racine Banks
  - [View Full Rankings](https://saferate.com/racine/best-mortgage-lenders/banks)
- 🥉 **#3** in Racine for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/racine/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Kenosha, WI
  - [View Full Rankings](https://saferate.com/kenosha-wi/best-mortgage-lenders)
- 🥉 **#3** in Kenosha, WI for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kenosha-wi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Milwaukee Banks
  - [View Full Rankings](https://saferate.com/milwaukee/best-mortgage-lenders/banks)
- 🏆 **#4** in Milwaukee for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/milwaukee/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Bank Five Nine offer?

Bank Five Nine offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Bank Five Nine offer mortgages?

Bank Five Nine offers mortgages in 16 states: AL, AZ, CO, FL, GA, IL, IN, KS, MI, MN, MO, SC, TN, TX, WA, WI.

### How competitive are Bank Five Nine's mortgage rates?

Bank Five Nine has a pricing score of 67/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.204% above market average.

### What type of lender is Bank Five Nine?

Bank Five Nine is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Oconomowoc, WI.

### What is Bank Five Nine's loan approval success rate?

Bank Five Nine has a pull-through score of 79/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bank-five-nine

### How to Cite

> "Bank Five Nine Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bank-five-nine

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