Wilmington Savings Fund Society Fsb Mortgage Rates, Fees & Info
Wilmington, DELEI: 5493005DKMV1IHIM8E20
Tax ID: 51-0054940
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/21/24 |
| 30 Year Conventional Purchase | 6.42% | 4/21/24 |
| 30 Year Conventional Refi | 6.43% | 4/21/24 |
| 30 Year Cash-out Refi | 6.68% | 4/21/24 |
| 30 Year FHA Purchase | 7.40% | 4/21/24 |
| 30 Year FHA Refi | 6.97% | 4/21/24 |
| 30 Year VA Purchase | 6.35% | 4/21/24 |
| 30 Year VA Refi | 5.86% | 4/21/24 |
| 30 Year USDA Purchase | 6.87% | 4/21/24 |
| 15 Year Conventional Purchase | 6.00% | 4/21/24 |
| 15 Year Conventional Refi | 5.84% | 4/21/24 |
| 15 Year Cash-out Refi | 5.84% | 4/21/24 |
| 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
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This is not an official calculator from Wilmington Savings Fund Society Fsb. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,755Origination Dollar Volume (All Markets)
$742,735,000Awards
Wilmington Savings Fund Society FSB - 2023
Wilmington Savings Fund Society FSB is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications88.48%
Wilmington Savings Fund Society Fsb has an average approval rate.
Pick Rate
Approvals leading to origination77.79%
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 |