Woodruff Federal Savings And Loan Association Mortgage Rates, Fees & Info

Woodruff, SC

LEI: 549300DD7DEFHKQ3AD80

Tax ID: 57-0273222

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Woodruff Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Woodruff Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Spartanburg, Gaffney, and Greenville among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Woodruff Federal Savings And Loan Association 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.

    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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    Originations

    60

    Origination Dollar Volume (All Markets)

    $11,170,000

    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
    SPARTANBURG, SC (FHA|USDA|VA) 53 $9,545,000 $180,094 $0 0.00%
    Gaffney, SC (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $800,000 $200,000 $0 0.00%
    Woodruff Federal Savings And Loan Association's top markets include Spartanburg, Gaffney, and Greenville among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $11,170,000 $186,167 $0 0.00%

    For 2018, Woodruff Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $9,370,000 $212,955 $0 0.00%
    Cash Out Refi 9 $1,105,000 $122,778 $0 0.00%
    Home Improvement 4 $380,000 $95,000 $0 0.00%
    Refi 3 $315,000 $105,000 $0 0.00%

    For 2018, Woodruff Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $11,170,000 $186,167 $0 0.00%

    For 2018, Woodruff Federal Savings And Loan Association's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 24 $6,020,000 $250,833 $0 0.00%
    $100k-200k 20 $3,060,000 $153,000 $0 0.00%
    $100,000 or less 13 $875,000 $67,308 $0 0.00%
    $400k-600k 3 $1,215,000 $405,000 $0 0.00%

    2018 saw Woodruff Federal Savings And Loan Association place emphasis on $200k-400k loans with 24 originations, totaling $6,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $4,615,000 $242,895 $0 0.00%
    $50k-75k 15 $2,075,000 $138,333 $0 0.00%
    $75k-100k 11 $2,065,000 $187,727 $0 0.00%
    $50k or less 10 $820,000 $82,000 $0 0.00%
    $150k-250k 5 $1,595,000 $319,000 $0 0.00%

    Woodruff Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k-75k, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 58 $10,820,000 $186,552 $0 0.00%
    Black 2 $350,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.88%

    Woodruff Federal Savings And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.67%

    Woodruff Federal Savings And Loan Association 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
    NA 60 $11,170,000 $186,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 60 $11,170,000 $186,167