Woodruff Federal Savings And Loan Association Mortgage Rates, Fees & Info
Woodruff, SCLEI: 549300DD7DEFHKQ3AD80
Tax ID: 57-0273222
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Mortgage Data
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.
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Originations
30Origination Dollar Volume (All Markets)
$5,760,000Top 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 |
|---|---|---|---|---|---|
| SPARTANBURG, SC (FHA|USDA|VA) | 27 | $5,105,000 | $189,074 | $0 | 0.00% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $5,760,000 | $192,000 | $0 | 0.00% |
For 2019, Woodruff Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
For 2019, Woodruff Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $5,760,000 | $192,000 | $0 | 0.00% |
For 2019, Woodruff Federal Savings And Loan Association's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2019 saw Woodruff Federal Savings And Loan Association place emphasis on $100k-200k loans with 13 originations, totaling $2,005,000 in origination value.
Applicant Income
Woodruff Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $75k-100k, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $5,565,000 | $191,897 | $0 | 0.00% |
| Black | 1 | $195,000 | $195,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.88%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 30 | $5,760,000 | $192,000 |