Woodford State Bank Mortgage Rates, Fees & Info
Monroe, WILEI: 254900B5PW4JPZAQI721
Tax ID: 39-0720780
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Woodford State Bank is a smaller bank specializing in Home Purchase loans. Woodford State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Freeport, The Villages, and Chicago among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Woodford 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.
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.
Originations
155Origination Dollar Volume (All Markets)
$35,045,000Top 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 |
|---|---|---|---|---|---|
| MADISON, WI (FHA|USDA|VA) | 81 | $21,865,000 | $269,938 | $0 | 0.00% |
| Outside of Metro Areas | 40 | $6,240,000 | $156,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 11 | $2,935,000 | $266,818 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 15 | $1,715,000 | $114,333 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Platteville, WI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 155 | $35,045,000 | $226,097 | $0 | 0.00% |
For 2024, Woodford State Bank's most frequently originated type of loan was Conventional, with 155 originations.
Loan Reason
For 2024, Woodford State Bank's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 155 | $35,045,000 | $226,097 | $0 | 0.00% |
For 2024, Woodford State Bank's most frequently cited loan duration was Other, with 155 originations.
Loan Sizing
2024 saw Woodford State Bank place emphasis on $100k-200k loans with 56 originations, totaling $8,640,000 in origination value.
Applicant Income
Woodford State Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 155 | $35,045,000 | $226,097 | $0 | 0.00% |
Woodford State Bank lent most frequently to those with DTI ratios of Exempt%, with 155 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.19%
Woodford State Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.48%
Woodford State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 155 | $35,045,000 | $226,097 |