The Greenwood's State Bank Mortgage Rates, Fees & Info
Lake Mills, WILEI: 2549006HGDHH72X1BE36
Tax ID: 39-0320310
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
The Greenwood's State Bank is a smaller bank specializing in Home Purchase loans. The Greenwood's State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Los Angeles, Paris, Bloomington, and Milwaukee among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)The Greenwood's State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. The Greenwood's State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.38% | 7/7/25 |
| 30 Year Conventional Refi | 7.41% | 7/7/25 |
| 30 Year Cash-out Refi | 7.20% | 7/7/25 |
| 15 Year Conventional Refi | 6.35% | 7/7/25 |
| 15 Year Cash-out Refi | 6.35% | 7/7/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Greenwood's State Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from The Greenwood's State Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
84Origination Dollar Volume (All Markets)
$95,260,000Awards
The Greenwood's State Bank - 2024
The Greenwood's State Bank is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for The Greenwood's State Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
The Greenwood's State Bank's average 30 year fixed mortgage rate was
7.01%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.46%.
Relative Fees (Closing Costs)
The Greenwood's State Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,514.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 16 | $26,470,000 | $1,654,375 | $3,471 | 6.72% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 5 | $20,445,000 | $4,089,000 | $9,329 | 7.85% |
| Outside of Metro Areas | 6 | $12,210,000 | $2,035,000 | $2,217 | 7.10% |
| Paris, TN (FHA|USDA|VA) | 1 | $5,105,000 | $5,105,000 | $0 | 6.60% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $4,235,000 | $4,235,000 | $0 | 6.60% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 4 | $3,770,000 | $942,500 | $2,050 | 7.01% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 15 | $3,495,000 | $233,000 | $1,975 | 7.10% |
| Whitewater, WI (FHA|USDA|VA) | 14 | $3,290,000 | $235,000 | $2,362 | 7.16% |
| Marshall, MN (FHA|USDA|VA) | 1 | $2,805,000 | $2,805,000 | $0 | 7.25% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 2 | $2,510,000 | $1,255,000 | $0 | 6.40% |
| Minot, ND (FHA|USDA|VA) | 1 | $2,275,000 | $2,275,000 | $0 | 7.25% |
| RACINE, WI (FHA|USDA|VA) | 9 | $2,205,000 | $245,000 | $2,307 | 7.04% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $1,955,000 | $1,955,000 | $0 | 6.60% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $1,675,000 | $558,333 | $4,885 | 7.71% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $1,655,000 | $1,655,000 | $28,595 | 8.50% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $1,537 | 7.21% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,546 | 7.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Greenwood's State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 49
Similarity Rank: 91
Similarity Rank: 189
Similarity Rank: 204
Similarity Rank: 220
Similarity Rank: 225
Similarity Rank: 238
Similarity Rank: 276
Similarity Rank: 288
Similarity Rank: 336
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $95,260,000 | $1,134,048 | $3,541 | 7.08% |
For 2024, The Greenwood's State Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2024, The Greenwood's State Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
For 2024, The Greenwood's State Bank's most frequently cited loan duration was 30 Year, with 42 originations. The 2nd most popular length was 5 Year, with 21 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 40 | $9,380,000 | $234,500 |
| $1k-2k | 8 | $13,200,000 | $1,650,000 |
| $2k-3k | 3 | $8,435,000 | $2,811,667 |
| $5k+ | 3 | $3,155,000 | $1,051,667 |
The Greenwood's State Bank's average total fees were $3,514, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 40 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 44 | $62,180,000 | $1,413,182 |
| 7-8% | 29 | $16,495,000 | $568,793 |
| Over 8% | 9 | $13,255,000 | $1,472,778 |
| 5-6% | 2 | $3,330,000 | $1,665,000 |
During 2024, The Greenwood's State Bank's average interest rate for loans was 7.01%, while their most frequently originated rate bucket for loans was 6-7%, with 44 originations.
Loan Sizing
2024 saw The Greenwood's State Bank place emphasis on $200k-400k loans with 29 originations, totaling $8,025,000 in origination value.
Applicant Income
The Greenwood's State Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
The Greenwood's State Bank lent most frequently to those with DTI ratios of 30-36%, with 14 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
The Greenwood's State Bank has an average approval rate.
Pick Rate
Approvals leading to origination94.05%
The Greenwood's State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 84 | $95,260,000 | $1,134,048 |