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 and Refi loans. Wahoo State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Lincoln, Phoenix, Dallas, and Chicago among others. We have data for 8 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 an above average pick rate when compared to similar lenders.
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Originations
80Origination Dollar Volume (All Markets)
$14,600,000Top 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) | 71 | $12,325,000 | $173,592 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $115,000 | $115,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $14,600,000 | $182,500 | $0 | 0.00% |
For 2019, Wahoo State Bank's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2019, Wahoo State Bank's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $14,600,000 | $182,500 | $0 | 0.00% |
For 2019, Wahoo State Bank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2019 saw Wahoo State Bank place emphasis on $100k-200k loans with 30 originations, totaling $4,460,000 in origination value.
Applicant Income
Wahoo State Bank lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $14,600,000 | $182,500 | $0 | 0.00% |
Wahoo State Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 80 | $14,600,000 | $182,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.51%
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 origination96.25%
Wahoo 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 | 80 | $14,600,000 | $182,500 |