Waterstone Bank Ssb Mortgage Rates, Fees & Info
Wauwatosa, WILEI: 549300GDJSUYPH6UC416
Tax ID: 39-0691250
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Mortgage Data
Review & Overview
Waterstone Bank Ssb is a smaller bank specializing in Home Purchase loans. Waterstone Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Chicago, Whitewater, La Crosse, and Louisville among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Waterstone Bank Ssb 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
96Origination Dollar Volume (All Markets)
$117,350,000Top 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 |
|---|---|---|---|---|---|
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 59 | $47,005,000 | $796,695 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $24,080,000 | $12,040,000 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $7,310,000 | $1,218,333 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $5,345,000 | $5,345,000 | $0 | 0.00% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $3,785,000 | $3,785,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $2,855,000 | $2,855,000 | $0 | 0.00% |
| SAGINAW, MI (FHA|USDA|VA) | 2 | $2,620,000 | $1,310,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 3 | $2,445,000 | $815,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $2,365,000 | $2,365,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 1 | $1,965,000 | $1,965,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,860,000 | $930,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $1,700,000 | $850,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $1,365,000 | $1,365,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,360,000 | $680,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,115,000 | $1,115,000 | $0 | 0.00% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 0.00% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $117,350,000 | $1,222,396 | $0 | 0.00% |
For 2023, Waterstone Bank Ssb's most frequently originated type of loan was Conventional, with 96 originations.
Loan Reason
For 2023, Waterstone Bank Ssb's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 96 | $117,350,000 | $1,222,396 | $0 | 0.00% |
For 2023, Waterstone Bank Ssb's most frequently cited loan duration was Other, with 96 originations.
Loan Sizing
2023 saw Waterstone Bank Ssb place emphasis on $1MM+ loans with 25 originations, totaling $87,125,000 in origination value.
Applicant Income
Waterstone Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 96 | $117,350,000 | $1,222,396 | $0 | 0.00% |
Waterstone Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 96 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.64%
Waterstone Bank Ssb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination72.92%
Waterstone Bank Ssb has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 96 | $117,350,000 | $1,222,396 |