Woodford State Bank Mortgage Rates, Fees & Info
Monroe, WILEI: 254900B5PW4JPZAQI721
Tax ID: 39-0720780
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Woodford State Bank is a smaller bank specializing in Home Purchase and Refi loans. Woodford State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Kahului, Janesville, Milwaukee, and Stevens Point among others. We have data for 15 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.
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Originations
194Origination Dollar Volume (All Markets)
$42,810,000Top 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) | 124 | $24,300,000 | $195,968 | $0 | 0.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $7,205,000 | $7,205,000 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $6,290,000 | $149,762 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 8 | $1,340,000 | $167,500 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $745,000 | $149,000 | $0 | 0.00% |
| Stevens Point, WI (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Freeport, IL (FHA|USDA|VA) | 4 | $360,000 | $90,000 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 194 | $42,810,000 | $220,670 | $0 | 0.00% |
For 2022, Woodford State Bank's most frequently originated type of loan was Conventional, with 194 originations.
Loan Reason
For 2022, Woodford State Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 194 | $42,810,000 | $220,670 | $0 | 0.00% |
For 2022, Woodford State Bank's most frequently cited loan duration was Other, with 194 originations.
Loan Sizing
2022 saw Woodford State Bank place emphasis on $100k-200k loans with 81 originations, totaling $11,705,000 in origination value.
Applicant Income
Woodford State Bank lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 34 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 194 | $42,810,000 | $220,670 | $0 | 0.00% |
Woodford State Bank lent most frequently to those with DTI ratios of Exempt%, with 194 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.71%
Woodford State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination93.81%
Woodford State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 194 | $42,810,000 | $220,670 |