Woodsboro Bank Mortgage Rates, Fees & Info
Woodsboro, MDLEI: 549300BM1JKSQR7HI756
Tax ID: 52-0535830
Latest/2024 | 2023 Data | 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 loans. Woodsboro Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Cumberland, Cambridge, Chambersburg, and Hagerstown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Woodsboro 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.
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Originations
41Origination Dollar Volume (All Markets)
$18,375,000Top 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) | 35 | $16,795,000 | $479,857 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $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 | 41 | $18,375,000 | $448,171 | $0 | 0.00% |
For 2024, Woodsboro Bank's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 31 | $14,955,000 | $482,419 | $0 | 0.00% |
| Refi | 9 | $3,295,000 | $366,111 | $0 | 0.00% |
| Home Improvement | 1 | $125,000 | $125,000 | $0 | 0.00% |
For 2024, Woodsboro Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $18,375,000 | $448,171 | $0 | 0.00% |
For 2024, Woodsboro Bank's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2024 saw Woodsboro Bank place emphasis on $100k-200k loans with 12 originations, totaling $1,840,000 in origination value.
Applicant Income
Woodsboro Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $18,375,000 | $448,171 | $0 | 0.00% |
Woodsboro Bank lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.67%
Woodsboro Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.17%
Woodsboro Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $18,375,000 | $448,171 |