Woodlands National Bank Mortgage Rates, Fees & Info
Hinckley, MNLEI: 5493003QF1L7XNSWRM19
Tax ID: 41-0249720
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Mortgage Data
Review & Overview
Woodlands National Bank is a smaller bank specializing in Home Purchase loans. Woodlands National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Duluth, Bemidji, Brainerd, and Madison among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Woodlands National Bank has an 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
78Origination Dollar Volume (All Markets)
$12,270,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 23 | $4,365,000 | $189,783 | $0 | 0.00% |
| Outside of Metro Areas | 29 | $3,465,000 | $119,483 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 14 | $2,420,000 | $172,857 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 3 | $405,000 | $135,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 77 | $12,105,000 | $157,208 | $0 | 0.00% |
| USDA | 1 | $165,000 | $165,000 | $0 | 0.00% |
For 2019, Woodlands National Bank's most frequently originated type of loan was Conventional, with 77 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2019, Woodlands National Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 78 | $12,270,000 | $157,308 | $0 | 0.00% |
For 2019, Woodlands National Bank's most frequently cited loan duration was Other, with 78 originations.
Loan Sizing
2019 saw Woodlands National Bank place emphasis on $100k-200k loans with 34 originations, totaling $4,960,000 in origination value.
Applicant Income
Woodlands National Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 78 | $12,270,000 | $157,308 | $0 | 0.00% |
Woodlands National Bank lent most frequently to those with DTI ratios of Exempt%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.37%
Woodlands National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination74.36%
Woodlands National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 78 | $12,270,000 | $157,308 |