Woodford State Bank Mortgage Rates, Fees & Info

Monroe, WI

LEI: 254900B5PW4JPZAQI721

Tax ID: 39-0720780

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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

194

Origination Dollar Volume (All Markets)

$42,810,000

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) 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%
Woodford State Bank's top markets include Madison, Kahului, Janesville, Milwaukee, and Stevens Point among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Hawaii (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 89 $22,745,000 $255,562 $0 0.00%
    Refi 65 $14,945,000 $229,923 $0 0.00%
    Cash Out Refi 33 $4,785,000 $145,000 $0 0.00%
    Home Improvement 5 $265,000 $53,000 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 81 $11,705,000 $144,506 $0 0.00%
    $100,000 or less 55 $3,895,000 $70,818 $0 0.00%
    $200k-400k 45 $12,395,000 $275,444 $0 0.00%
    $400k-600k 7 $3,315,000 $473,571 $0 0.00%
    $600k-1MM 4 $2,830,000 $707,500 $0 0.00%
    $1MM+ 2 $8,670,000 $4,335,000 $0 0.00%

    2022 saw Woodford State Bank place emphasis on $100k-200k loans with 81 originations, totaling $11,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $9,090,000 $239,211 $0 0.00%
    $50k-75k 34 $5,440,000 $160,000 $0 0.00%
    $75k-100k 34 $5,510,000 $162,059 $0 0.00%
    $50k or less 31 $3,085,000 $99,516 $0 0.00%
    $150k-250k 14 $3,410,000 $243,571 $0 0.00%
    $250k+ 8 $2,220,000 $277,500 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $28,690,000 $181,582 $0 0.00%
    Not applicable 34 $13,780,000 $405,294 $0 0.00%
    Not provided 1 $215,000 $215,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.71%

    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 origination
    93.81%

    Woodford State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 194 $42,810,000 $220,670

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    194 $42,810,000 $220,670