Wray State Bank Mortgage Rates, Fees & Info
Wray, COLEI: 549300PNITGJVDJVZ876
Tax ID: 84-0724893
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
38Origination Dollar Volume (All Markets)
$3,890,000Top 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 | 28 | $2,680,000 | $95,714 | $0 | 0.00% |
| GREELEY, CO (FHA|USDA|VA) | 10 | $1,210,000 | $121,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $3,890,000 | $102,368 | $0 | 0.00% |
For 2018, Wray State Bank's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2018, Wray State Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $3,890,000 | $102,368 | $0 | 0.00% |
For 2018, Wray State Bank's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2018 saw Wray State Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,240,000 in origination value.
Applicant Income
Wray State Bank lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $3,890,000 | $102,368 | $0 | 0.00% |
Wray State Bank lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 34 | $3,030,000 | $89,118 | $0 | 0.00% |
| Not applicable | 4 | $860,000 | $215,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.91%
Wray State Bank has an average approval rate.
Pick Rate
Approvals leading to origination97.37%
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 | 38 | $3,890,000 | $102,368 |