# Lake Ridge Bank

> **Canonical URL:** https://saferate.com/lenders/lake-ridge-bank

> **📋 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

Lake Ridge Bank is a bank, headquartered in Monona, WI, with 240 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 17% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 32% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300DZ25WXQZZ57J48
- **Headquarters:** Monona, WI
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 83/100
- Rating: ●●●●● (5/5)

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

### Pricing Details
- **Average Rate Spread:** +0.039%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $475
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 240
- **Dollar Volume:** $88 million
- **Applications Received:** 320
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $367,417
- **Average Borrower Income:** $171,662

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (65%)
- ⭐ **Purchase Gold Superstar** (65%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 56/100 | 228 | +0.049% | $492 | Sound ☺️ |
| Jumbo | 66/100 | 12 | -0.154% | $156 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 195 loans, Score: 56/100 (Sound)
- Refinance: 33 loans, Score: 50/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 56/100 | 205 | $74M | +0.028% | Sound ☺️ |
| Refinance | 50/100 | 35 | $14M | +0.102% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WI | 240 | 0.36% | 79/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Madison, WI | WI | 178 | 81/100 |
| Non |  | 40 | 43/100 |
| Janesville | WI | 16 | 53/100 |

## Frequently Asked Questions

### What loan types does Lake Ridge Bank offer?

Lake Ridge Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Lake Ridge Bank offer mortgages?

Lake Ridge Bank offers mortgages in 1 states: WI.

### How competitive are Lake Ridge Bank's mortgage rates?

Lake Ridge Bank has a pricing score of 83/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.039% above market average.

### What type of lender is Lake Ridge Bank?

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

### What is Lake Ridge Bank's loan approval success rate?

Lake Ridge Bank has a pull-through score of 68/100 (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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/lake-ridge-bank

### How to Cite

> "Lake Ridge Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/lake-ridge-bank

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