Waterstone Bank Ssb Mortgage Rates, Fees & Info
Wauwatosa, WILEI: 549300GDJSUYPH6UC416
Tax ID: 39-0691250
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Waterstone Bank Ssb is a smaller bank specializing in Home Purchase and Refi loans. Waterstone Bank Ssb has a high proportion of conventional loans. Their top markets by origination volume include: Milwaukee, Green Bay, Madison, Duluth, and Minneapolis among others. We have data for 35 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
190Origination Dollar Volume (All Markets)
$300,460,000Top 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) | 101 | $120,995,000 | $1,197,970 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 9 | $26,525,000 | $2,947,222 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $20,470,000 | $10,235,000 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $16,450,000 | $8,225,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 3 | $16,355,000 | $5,451,667 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 8 | $15,950,000 | $1,993,750 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $15,295,000 | $1,019,667 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 8 | $9,370,000 | $1,171,250 | $0 | 0.00% |
| WAUSAU-WESTON, WI (FHA|USDA|VA) | 2 | $5,810,000 | $2,905,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 5 | $5,345,000 | $1,069,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $5,295,000 | $5,295,000 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 2 | $4,520,000 | $2,260,000 | $0 | 0.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 4 | $4,160,000 | $1,040,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $4,015,000 | $4,015,000 | $0 | 0.00% |
| Beaver Dam, WI (FHA|USDA|VA) | 2 | $3,170,000 | $1,585,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $2,875,000 | $2,875,000 | $0 | 0.00% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 1 | $2,515,000 | $2,515,000 | $0 | 0.00% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $2,230,000 | $1,115,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 2 | $1,830,000 | $915,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,760,000 | $880,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $1,700,000 | $850,000 | $0 | 0.00% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $1,675,000 | $1,675,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,425,000 | $1,425,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $1,265,000 | $1,265,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $300,460,000 | $1,581,368 | $0 | 0.00% |
For 2022, Waterstone Bank Ssb's most frequently originated type of loan was Conventional, with 190 originations.
Loan Reason
For 2022, Waterstone Bank Ssb's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Cash Out Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 190 | $300,460,000 | $1,581,368 | $0 | 0.00% |
For 2022, Waterstone Bank Ssb's most frequently cited loan duration was Other, with 190 originations.
Loan Sizing
2022 saw Waterstone Bank Ssb place emphasis on $1MM+ loans with 65 originations, totaling $243,715,000 in origination value.
Applicant Income
Waterstone Bank Ssb lent most frequently to those with incomes in the $250k+ range, with 25 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 190 | $300,460,000 | $1,581,368 | $0 | 0.00% |
Waterstone Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 190 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.39%
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 origination86.84%
Waterstone Bank Ssb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 190 | $300,460,000 | $1,581,368 |