Woodsboro Bank Mortgage Rates, Fees & Info
Woodsboro, MDLEI: 549300BM1JKSQR7HI756
Tax ID: 52-0535830
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Woodsboro Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Woodsboro Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Hagerstown, Cumberland, and Salisbury among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Woodsboro Bank has an above 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
53Origination Dollar Volume (All Markets)
$20,435,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 38 | $15,240,000 | $401,053 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $1,985,000 | $397,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Woodsboro Bank 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $20,435,000 | $385,566 | $0 | 0.00% |
For 2023, Woodsboro Bank's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 38 | $15,370,000 | $404,474 | $0 | 0.00% |
| Cash Out Refi | 11 | $4,515,000 | $410,455 | $0 | 0.00% |
| Refi | 4 | $550,000 | $137,500 | $0 | 0.00% |
For 2023, Woodsboro Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $20,435,000 | $385,566 | $0 | 0.00% |
For 2023, Woodsboro Bank's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2023 saw Woodsboro Bank place emphasis on $200k-400k loans with 22 originations, totaling $6,310,000 in origination value.
Applicant Income
Woodsboro Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $20,435,000 | $385,566 | $0 | 0.00% |
Woodsboro Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.78%
Woodsboro Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.58%
Woodsboro Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $20,435,000 | $385,566 |