Woodlands National Bank Mortgage Rates, Fees & Info
Hinckley, MNLEI: 5493003QF1L7XNSWRM19
Tax ID: 41-0249720
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Woodlands National Bank is a smaller bank specializing in Home Purchase and Refi loans. Woodlands National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Duluth, Brainerd, Bemidji, and Hutchinson among others. We have data for 9 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
122Origination Dollar Volume (All Markets)
$22,800,000Top 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) | 48 | $11,000,000 | $229,167 | $0 | 0.00% |
| Outside of Metro Areas | 35 | $4,725,000 | $135,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 22 | $3,910,000 | $177,727 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 7 | $1,205,000 | $172,143 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| Hutchinson, MN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Grand Rapids, MN (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 0.00% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 122 | $22,800,000 | $186,885 | $0 | 0.00% |
For 2020, Woodlands National Bank's most frequently originated type of loan was Conventional, with 122 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 59 | $11,805,000 | $200,085 | $0 | 0.00% |
| Refi | 40 | $7,340,000 | $183,500 | $0 | 0.00% |
| Cash Out Refi | 23 | $3,655,000 | $158,913 | $0 | 0.00% |
For 2020, Woodlands National Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 122 | $22,800,000 | $186,885 | $0 | 0.00% |
For 2020, Woodlands National Bank's most frequently cited loan duration was Other, with 122 originations.
Loan Sizing
2020 saw Woodlands National Bank place emphasis on $100k-200k loans with 59 originations, totaling $8,555,000 in origination value.
Applicant Income
Woodlands National Bank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 122 | $22,800,000 | $186,885 | $0 | 0.00% |
Woodlands National Bank lent most frequently to those with DTI ratios of Exempt%, with 122 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.64%
Woodlands National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination67.21%
Woodlands National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 122 | $22,800,000 | $186,885 |