Wilmington Savings Fund Society Fsb Mortgage Rates, Fees & Info

Wilmington, DE

LEI: 5493005DKMV1IHIM8E20

Tax ID: 51-0054940

3.9 stars - Updated: 6/9/24 - out of 5 stars, based on 52 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Wilmington Savings Fund Society Fsb is a smaller mortgage company specializing in Home Purchase and Refi loans. Wilmington Savings Fund Society Fsb has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Philadelphia, Salisbury, Ocean City, Dover, and New York among others. We have data for 74 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wilmington Savings Fund Society Fsb 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. Wilmington Savings Fund Society Fsb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 6/9/24
30 Year Conventional Purchase 6.42% 6/9/24
30 Year Conventional Refi 6.43% 6/9/24
30 Year Cash-out Refi 6.68% 6/9/24
30 Year FHA Purchase 7.40% 6/9/24
30 Year FHA Refi 6.97% 6/9/24
30 Year VA Purchase 6.35% 6/9/24
30 Year VA Refi 5.86% 6/9/24
30 Year USDA Purchase 6.87% 6/9/24
15 Year Conventional Purchase 6.00% 6/9/24
15 Year Conventional Refi 5.84% 6/9/24
15 Year Cash-out Refi 5.84% 6/9/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Wilmington Savings Fund Society Fsb Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Wilmington Savings Fund Society Fsb. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

2,755

Origination Dollar Volume (All Markets)

$742,735,000
Show all (6) awards

Relative Rate

Wilmington Savings Fund Society Fsb's average 30 year fixed mortgage rate was 7.54%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 1.06%.

Relative Fees (Closing Costs)

Wilmington Savings Fund Society Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $6,968.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2,166 $532,470,000 $245,831 $5,384 7.57%
SALISBURY, MD-DE (FHA|USDA|VA) 181 $50,665,000 $279,917 $5,904 7.80%
OCEAN CITY, NJ (FHA|USDA|VA) 37 $33,515,000 $905,811 $13,326 7.33%
DOVER, DE (FHA|USDA|VA) 147 $21,845,000 $148,605 $4,017 7.99%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 32 $15,360,000 $480,000 $7,923 6.91%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $12,775,000 $1,419,444 $20,822 6.83%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 23 $9,755,000 $424,130 $7,535 7.52%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $7,610,000 $1,268,333 $14,484 6.68%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 11 $5,895,000 $535,909 $7,941 7.00%
Outside of Metro Areas 8 $3,660,000 $457,500 $8,398 6.83%
LANCASTER, PA (FHA|USDA|VA) 10 $2,890,000 $289,000 $6,491 7.09%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $2,485,000 $497,000 $7,568 6.72%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 11 $2,405,000 $218,636 $6,797 7.55%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $2,385,000 $795,000 $28,758 7.50%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $2,355,000 $785,000 $14,254 5.17%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $1,865,000 $621,667 $9,716 6.63%
READING, PA (FHA|USDA|VA) 8 $1,600,000 $200,000 $7,009 6.77%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,510,000 $377,500 $6,388 6.78%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $17,361 6.25%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,465,000 $293,000 $4,629 6.92%
SAVANNAH, GA (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $13,698 6.38%
Edwards, CO (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $15,149 5.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $1,310,000 $655,000 $10,672 6.94%
ROANOKE, VA (FHA|USDA|VA) 2 $1,270,000 $635,000 $7,634 6.69%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $1,170,000 $585,000 $10,666 5.81%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $1,030,000 $171,667 $3,386 6.44%
Cambridge, MD (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 8.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $990,000 $495,000 $12,031 6.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 4 $980,000 $245,000 $3,874 6.84%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $845,000 $845,000 $12,950 7.00%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $805,000 $805,000 $0 8.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $805,000 $268,333 $5,186 6.75%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 5 $795,000 $159,000 $2,897 8.80%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $705,000 $705,000 $9,771 5.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $645,000 $645,000 $13,189 6.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $640,000 $320,000 $4,090 5.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $580,000 $290,000 $6,050 5.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $555,000 $555,000 $10,450 6.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 6.62%
Morehead City, NC (FHA|USDA|VA) 1 $555,000 $555,000 $0 8.25%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $545,000 $545,000 $8,890 7.49%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $545,000 $545,000 $8,516 5.38%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $540,000 $270,000 $5,214 6.31%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $500,000 $250,000 $8,572 6.38%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $475,000 $158,333 $3,955 8.08%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $475,000 $475,000 $5,002 6.13%
COLUMBUS, OH (FHA|USDA|VA) 2 $450,000 $225,000 $7,284 6.94%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $415,000 $415,000 $7,602 5.88%
SYRACUSE, NY (FHA|USDA|VA) 1 $415,000 $415,000 $4,272 7.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $385,000 $385,000 $0 8.00%
Huntingdon, PA (FHA|USDA|VA) 1 $375,000 $375,000 $7,658 6.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $350,000 $175,000 $3,499 6.81%
Starkville, MS (FHA|USDA|VA) 1 $345,000 $345,000 $7,020 5.75%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $345,000 $345,000 $7,801 6.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $345,000 $345,000 $4,996 7.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $325,000 $325,000 $0 5.63%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $315,000 $315,000 $6,206 5.88%
Easton, MD (FHA|USDA|VA) 2 $310,000 $155,000 $0 8.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $285,000 $285,000 $5,113 7.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 8.25%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $250,000 $125,000 $2,258 7.55%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.75%
Plattsburgh, NY (FHA|USDA|VA) 1 $245,000 $245,000 $3,541 7.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $205,000 $205,000 $5,217 5.88%
Pottsville, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.50%
MORGANTOWN, WV (FHA|USDA|VA) 1 $195,000 $195,000 $2,720 6.38%
OCALA, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,276 6.25%
COLUMBIA, SC (FHA|USDA|VA) 1 $185,000 $185,000 $3,645 4.88%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $165,000 $165,000 $0 8.50%
Selinsgrove, PA (FHA|USDA|VA) 1 $165,000 $165,000 $2,959 7.50%
SUMTER, SC (FHA|USDA|VA) 1 $165,000 $165,000 $5,364 6.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $155,000 $155,000 $147 7.24%
PITTSBURGH, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,406 6.75%
Wilmington Savings Fund Society Fsb's top markets include Philadelphia, Salisbury, Ocean City, Dover, and New York among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Wilmington Savings Fund Society FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Republic Bank
    Similarity Rank: 35
    FIRST FINANCIAL OF MARYLAND
    Similarity Rank: 117
    N C P D Federal Credit Union
    Similarity Rank: 126
    County Savings Bank
    Similarity Rank: 135
    POINT BREEZE
    Similarity Rank: 160
    GREATER ALLIANCE
    Similarity Rank: 168
    Blue Foundry Bank
    Similarity Rank: 188
    PCSB Bank
    Similarity Rank: 207

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,331 $451,745,000 $339,403 $5,390 6.68%
    HELOC 1,329 $268,185,000 $201,795 n/a 8.50%
    FHA 89 $21,045,000 $236,461 $9,645 6.55%
    VA 6 $1,760,000 $293,333 $10,225 6.79%

    For 2023, Wilmington Savings Fund Society Fsb's most frequently originated type of loan was Conventional, with 1,331 originations. Their 2nd most popular type was HELOC, with 1,329 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,127 $405,505,000 $359,809 $6,877 6.66%
    Home Improvement 750 $107,790,000 $143,720 $729 8.45%
    Refi 497 $156,655,000 $315,201 $3,837 7.88%
    Other 317 $49,425,000 $155,915 $1,313 8.36%
    Cash Out Refi 64 $23,360,000 $365,000 $7,038 6.39%

    For 2023, Wilmington Savings Fund Society Fsb's most frequently cited loan purpose was Home Purchase, with 1,127 originations. The 2nd most popular reason was Home Improvement, with 750 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,345 $639,825,000 $272,846 $6,968 7.54%
    20 Year 177 $29,625,000 $167,373 $845 7.94%
    15 Year 77 $9,455,000 $122,792 $1,268 7.65%
    10 Year 75 $8,695,000 $115,933 $250 7.71%
    5 Year 62 $39,000,000 $629,032 $178 7.05%
    Other 18 $15,960,000 $886,667 $0 6.57%
    3 Year 1 $175,000 $175,000 $0 7.66%

    For 2023, Wilmington Savings Fund Society Fsb's most frequently cited loan duration was 30 Year, with 2,345 originations. The 2nd most popular length was 20 Year, with 177 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 515 $82,645,000 $160,476
    $5k+ 188 $148,060,000 $787,553
    $2k-3k 157 $36,085,000 $229,841
    $3k-4k 133 $41,795,000 $314,248
    $1k-2k 127 $25,855,000 $203,583
    $4k-5k 95 $42,075,000 $442,895

    Wilmington Savings Fund Society Fsb's average total fees were $6,968, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 515 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1,027 $164,405,000 $160,083
    7-8% 728 $173,320,000 $238,077
    6-7% 633 $240,525,000 $379,976
    5-6% 359 $161,025,000 $448,538
    4-5% 8 $3,460,000 $432,500

    During 2023, Wilmington Savings Fund Society Fsb's average interest rate for loans was 7.54%, while their most frequently originated rate bucket for loans was Over 8%, with 1,027 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 843 $117,375,000 $139,235 $3,829 7.53%
    $200k-400k 818 $222,030,000 $271,430 $6,183 7.09%
    $100,000 or less 638 $34,820,000 $54,577 $634 8.73%
    $400k-600k 242 $113,430,000 $468,719 $8,749 6.90%
    $600k-1MM 133 $97,065,000 $729,812 $11,401 6.71%
    $1MM+ 81 $158,015,000 $1,950,802 $19,435 6.58%

    2023 saw Wilmington Savings Fund Society Fsb place emphasis on $100k-200k loans with 843 originations, totaling $117,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 546 $129,740,000 $237,619 $5,833 7.72%
    $100k-150k 523 $100,275,000 $191,730 $5,251 7.81%
    $250k+ 481 $277,365,000 $576,642 $10,900 7.29%
    $50k-75k 400 $59,190,000 $147,975 $4,303 7.51%
    $75k-100k 339 $55,635,000 $164,115 $4,313 7.67%
    $50k or less 275 $32,215,000 $117,145 $4,009 7.32%

    Wilmington Savings Fund Society Fsb lent most frequently to those with incomes in the $150k-250k range, with 546 originations. The second most popular income band? $100k-150k, with 523 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 519 $133,325,000 $256,888 $5,665 7.71%
    30-36% 448 $115,720,000 $258,304 $5,571 7.61%
    <20% 208 $58,130,000 $279,471 $5,435 7.68%
    44% 175 $38,285,000 $218,771 $5,535 8.08%
    45% 146 $31,660,000 $216,849 $4,936 7.88%
    42% 144 $36,160,000 $251,111 $5,361 7.72%
    39% 131 $31,785,000 $242,634 $5,319 7.61%
    43% 131 $31,955,000 $243,931 $5,332 7.69%
    37% 108 $27,930,000 $258,611 $5,692 7.54%
    41% 105 $21,905,000 $208,619 $4,922 7.61%
    38% 94 $27,040,000 $287,660 $5,877 7.46%
    40% 90 $23,160,000 $257,333 $5,423 7.61%
    36% 84 $20,080,000 $239,048 $5,373 7.62%
    49% 62 $16,070,000 $259,194 $6,208 6.44%
    46% 60 $14,950,000 $249,167 $5,842 6.84%
    47% 44 $14,220,000 $323,182 $6,501 6.52%
    48% 40 $11,980,000 $299,500 $5,803 6.67%
    50-60% 38 $9,510,000 $250,263 $10,995 6.68%
    >60% 1 $265,000 $265,000 $3,706 6.63%

    Wilmington Savings Fund Society Fsb lent most frequently to those with DTI ratios of 20-30%, with 519 originations. The next most common DTI ratio? 30-36%, with 448 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,017 $526,855,000 $261,207 $5,784 7.70%
    Not applicable 104 $71,240,000 $685,000 $0 6.83%
    Not provided 236 $57,540,000 $243,814 $5,820 7.14%
    Black 265 $46,045,000 $173,755 $5,064 7.31%
    Asian 122 $38,020,000 $311,639 $6,413 7.25%
    American Indian 4 $1,390,000 $347,500 $10,186 7.38%
    Asian Indian 2 $680,000 $340,000 $3,087 6.25%
    Other Asian 1 $405,000 $405,000 $13,089 5.75%
    Native Hawaiian or Islander 3 $345,000 $115,000 $5,107 8.08%
    Other Pacific Islander 1 $215,000 $215,000 $5,555 6.13%

    Approval Rates

    Total approvals of all applications
    88.48%

    Wilmington Savings Fund Society Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.79%

    Wilmington Savings Fund Society Fsb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,755 $742,735,000 $269,595

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,755 $742,735,000 $269,595

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 670 $121,430,000 $181,239 $2,498 8.15%
    40-60% 367 $147,725,000 $402,520 $5,716 7.36%
    60-80% 530 $232,450,000 $438,585 $8,018 6.79%
    80-100% 577 $187,575,000 $325,087 $6,786 6.56%
    Over 100% 1 $275,000 $275,000 $11,651 7.00%
    Under 20% 610 $53,280,000 $87,344 $320 8.64%