Woodlands National Bank Mortgage Rates, Fees & Info

Hinckley, MN

LEI: 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

78

Origination Dollar Volume (All Markets)

$12,270,000

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
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%
Woodlands National Bank's top markets include Minneapolis, Duluth, Bemidji, Brainerd, and Madison among others.

Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $8,180,000 $163,600 $0 0.00%
    Cash Out Refi 13 $2,425,000 $186,538 $0 0.00%
    Refi 11 $1,505,000 $136,818 $0 0.00%
    Other 3 $135,000 $45,000 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 34 $4,960,000 $145,882 $0 0.00%
    $100,000 or less 24 $1,490,000 $62,083 $0 0.00%
    $200k-400k 17 $4,495,000 $264,412 $0 0.00%
    $400k-600k 3 $1,325,000 $441,667 $0 0.00%

    2019 saw Woodlands National Bank place emphasis on $100k-200k loans with 34 originations, totaling $4,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 27 $3,975,000 $147,222 $0 0.00%
    $50k or less 15 $1,125,000 $75,000 $0 0.00%
    $75k-100k 11 $1,725,000 $156,818 $0 0.00%
    $100k-150k 9 $2,255,000 $250,556 $0 0.00%
    $150k-250k 6 $1,520,000 $253,333 $0 0.00%
    $250k+ 1 $345,000 $345,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    American Indian 35 $5,945,000 $169,857 $0 0.00%
    White 31 $4,775,000 $154,032 $0 0.00%
    Not applicable 9 $1,325,000 $147,222 $0 0.00%
    Not provided 3 $225,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.37%

    Woodlands National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.36%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $1,160,000 $96,667
    Single Family (1-4 Units):Site-Built 66 $11,110,000 $168,333