Woodsfield Savings Bank Mortgage Rates, Fees & Info
Woodsfield, OHLEI: 2549005VXCHU3KAB6N44
Tax ID: 34-0627390
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Mortgage Data
Review & Overview
Woodsfield Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Woodsfield Savings Bank has a high proportion of conventional loans. Their top two markets are Wheeling and Cambridge .Woodsfield Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
46Origination Dollar Volume (All Markets)
$7,110,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 24 | $3,660,000 | $152,500 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 12 | $1,940,000 | $161,667 | $0 | 0.00% |
| Cambridge, OH (FHA|USDA|VA) | 10 | $1,510,000 | $151,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $7,110,000 | $154,565 | $0 | 0.00% |
For 2023, Woodsfield Savings Bank's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2023, Woodsfield Savings Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $7,110,000 | $154,565 | $0 | 0.00% |
For 2023, Woodsfield Savings Bank's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2023 saw Woodsfield Savings Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,320,000 in origination value.
Applicant Income
Woodsfield Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $7,110,000 | $154,565 | $0 | 0.00% |
Woodsfield Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.15%
Woodsfield Savings Bank has a below average approval rate.
Pick Rate
Approvals leading to origination50.00%
Woodsfield Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $7,110,000 | $154,565 |