Wray State Bank Mortgage Rates, Fees & Info
Wray, COLEI: 549300PNITGJVDJVZ876
Tax ID: 84-0724893
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Mortgage Data
Review & Overview
Wray State Bank is a smaller bank specializing in Home Purchase and Refi loans. Wray State Bank has a high proportion of conventional loans. Their top (well, only) market is Greeley.Wray State Bank 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.
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Originations
85Origination Dollar Volume (All Markets)
$13,015,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 68 | $11,430,000 | $168,088 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 17 | $1,585,000 | $93,235 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $13,015,000 | $153,118 | $0 | 0.00% |
For 2023, Wray State Bank's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
For 2023, Wray State Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $13,015,000 | $153,118 | $0 | 0.00% |
For 2023, Wray State Bank's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2023 saw Wray State Bank place emphasis on $100,000 or less loans with 41 originations, totaling $2,265,000 in origination value.
Applicant Income
Wray State Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $50k or less, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $13,015,000 | $153,118 | $0 | 0.00% |
Wray State Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.89%
Wray State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.29%
Wray State Bank 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 |
|---|---|---|---|
| Exempt | 85 | $13,015,000 | $153,118 |