# The Bank of New Glarus

> **Canonical URL:** https://saferate.com/lenders/the-bank-of-new-glarus


> **📋 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


The Bank of New Glarus is a bank, headquartered in New Glarus, WI, serving borrowers across 7 states, with 336 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 32% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 27% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300HZMPZC336WP721
- **Headquarters:** New Glarus, WI
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** GA, IL, IN, MN, OH, TN, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 68/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.296%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $568
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 336
- **Dollar Volume:** $103 million
- **Applications Received:** 365
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $305,446
- **Average Borrower Income:** $149,324
- **Average Property Value:** $417,589

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (64%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 63/100 | 327 | +0.302% | $558 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 242 loans, Score: 60/100 (Strong)
- Refinance: 85 loans, Score: 66/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 60/100 | 250 | $77M | +0.318% | Sound ☺️ |
| Refinance | 65/100 | 86 | $25M | +0.233% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WI | 319 | 0.48% | 81/100 |
| IL | 11 | 0.01% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Madison, WI | WI | 240 | 83/100 |
| Non |  | 49 | 45/100 |
| Janesville | WI | 21 | 58/100 |

## Where This Lender Ranks

The Bank of New Glarus appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Madison, WI for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/madison-wi/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Madison, WI Banks
  - [View Full Rankings](https://saferate.com/madison-wi/best-mortgage-lenders/banks)
- 🏆 **#4** in Madison, WI for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/madison-wi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Madison, WI
  - [View Full Rankings](https://saferate.com/madison-wi/best-mortgage-lenders)
- 🏆 **#5** in Madison, WI for VA Loans
  - [View Full Rankings](https://saferate.com/madison-wi/best-mortgage-lenders/va-loans)
- 🏆 **#6** in Janesville Banks
  - [View Full Rankings](https://saferate.com/janesville/best-mortgage-lenders/banks)
- 🏆 **#7** in Madison, WI for Conventional Loans
  - [View Full Rankings](https://saferate.com/madison-wi/best-mortgage-lenders/conventional-loans)
- 🏆 **#8** in Janesville for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/janesville/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Wisconsin Banks
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/banks)
- 🏆 **#9** in Wisconsin for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#11** in Wisconsin for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/banks/va-loans)
- 🏆 **#16** in Janesville
  - [View Full Rankings](https://saferate.com/janesville/best-mortgage-lenders)
- 🏆 **#19** in Janesville for Conventional Loans
  - [View Full Rankings](https://saferate.com/janesville/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does The Bank of New Glarus offer?

The Bank of New Glarus offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Bank of New Glarus offer mortgages?

The Bank of New Glarus offers mortgages in 7 states: GA, IL, IN, MN, OH, TN, WI.

### How competitive are The Bank of New Glarus's mortgage rates?

The Bank of New Glarus has a pricing score of 68/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.296% above market average.

### What type of lender is The Bank of New Glarus?

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

### What is The Bank of New Glarus's loan approval success rate?

The Bank of New Glarus has a pull-through score of 73/100 (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/the-bank-of-new-glarus

### How to Cite

> "The Bank of New Glarus Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-bank-of-new-glarus

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