Wahoo State Bank Mortgage Rates, Fees & Info
Wahoo, NELEI: 254900O71XM7O5G20W03
Tax ID: 47-0326520
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Mortgage Data
Review & Overview
Wahoo State Bank is a smaller bank specializing in Home Purchase loans. Wahoo State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Fremont, Lincoln, Austin, and Sioux City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Wahoo State Bank has an above 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
37Origination Dollar Volume (All Markets)
$9,325,000Top 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 |
|---|---|---|---|---|---|
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 26 | $6,700,000 | $257,692 | $0 | 0.00% |
| Fremont, NE (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $315,000 | $105,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $9,325,000 | $252,027 | $0 | 0.00% |
For 2023, Wahoo State Bank's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 26 | $7,660,000 | $294,615 | $0 | 0.00% |
| Other | 8 | $950,000 | $118,750 | $0 | 0.00% |
| Refi | 3 | $715,000 | $238,333 | $0 | 0.00% |
For 2023, Wahoo State Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Other, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $9,325,000 | $252,027 | $0 | 0.00% |
For 2023, Wahoo State Bank's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2023 saw Wahoo State Bank place emphasis on $100,000 or less loans with 10 originations, totaling $510,000 in origination value.
Applicant Income
Wahoo State Bank lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $9,325,000 | $252,027 | $0 | 0.00% |
Wahoo State Bank lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 36 | $9,200,000 | $255,556 | $0 | 0.00% |
| Not applicable | 1 | $125,000 | $125,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.62%
Wahoo 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 origination89.19%
Wahoo State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $9,325,000 | $252,027 |