Waldo State Bank Mortgage Rates, Fees & Info

Waldo, WI

LEI: 549300ALPT3HYIWS8833

Tax ID: 39-0684560

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Mortgage Data

Review & Overview

Waldo State Bank is a smaller bank specializing in Home Purchase and Refi loans. Waldo State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sheboygan, Milwaukee, Manitowoc, Appleton, and Phoenix among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Waldo State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

82

Origination Dollar Volume (All Markets)

$13,610,000

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
SHEBOYGAN, WI (FHA|USDA|VA) 67 $10,945,000 $163,358 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $1,460,000 $365,000 $0 0.00%
Manitowoc, WI (FHA|USDA|VA) 8 $1,010,000 $126,250 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
FOND DU LAC, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Waldo State Bank's top markets include Sheboygan, Milwaukee, Manitowoc, Appleton, and Phoenix among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $13,610,000 $165,976 $0 0.00%

    For 2023, Waldo State Bank's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $10,315,000 $187,545 $0 0.00%
    Refi 18 $2,860,000 $158,889 $0 0.00%
    Other 5 $205,000 $41,000 $0 0.00%
    Home Improvement 4 $230,000 $57,500 $0 0.00%

    For 2023, Waldo State Bank's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 82 $13,610,000 $165,976 $0 0.00%

    For 2023, Waldo State Bank's most frequently cited loan duration was Other, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 35 $4,795,000 $137,000 $0 0.00%
    $100,000 or less 26 $1,530,000 $58,846 $0 0.00%
    $200k-400k 16 $4,230,000 $264,375 $0 0.00%
    $400k-600k 4 $2,050,000 $512,500 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2023 saw Waldo State Bank place emphasis on $100k-200k loans with 35 originations, totaling $4,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $1,190,000 $99,167 $0 0.00%
    $100k-150k 11 $2,435,000 $221,364 $0 0.00%
    $150k-250k 9 $2,135,000 $237,222 $0 0.00%
    $50k or less 4 $230,000 $57,500 $0 0.00%
    $75k-100k 2 $220,000 $110,000 $0 0.00%
    $250k+ 1 $215,000 $215,000 $0 0.00%

    Waldo State Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 82 $13,610,000 $165,976 $0 0.00%

    Waldo State Bank lent most frequently to those with DTI ratios of Exempt%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $7,185,000 $167,093 $0 0.00%
    White 39 $6,425,000 $164,744 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.26%

    Waldo State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.78%

    Waldo State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 82 $13,610,000 $165,976

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    82 $13,610,000 $165,976