Woodforest National Bank Mortgage Rates, Fees & Info
THE WOODLANDS, TXLEI: 549300RX3OHHKBC2EQ32
Tax ID: 74-2063218
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Mortgage Data
Review & Overview
Woodforest National Bank is a smaller bank specializing in Home Purchase loans. Woodforest National Bank has a high proportion of conventional loans. Their top (well, only) market is Houston.Woodforest National Bank has an 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
2Origination Dollar Volume (All Markets)
$16,530,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $16,530,000 | $8,265,000 | $0 | 4.88% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 2 | $16,530,000 | $8,265,000 | $0 | 4.88% |
For 2019, Woodforest National Bank's most frequently originated type of loan was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 2 | $16,530,000 | $8,265,000 | $0 | 4.88% |
For 2019, Woodforest National Bank's most frequently cited loan purpose was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 3 Year | 2 | $16,530,000 | $8,265,000 | $0 | 4.88% |
For 2019, Woodforest National Bank's most frequently cited loan duration was 3 Year, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1 | $16,415,000 | $16,415,000 |
| 5-6% | 1 | $115,000 | $115,000 |
During 2019, Woodforest National Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 1 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 1 | $115,000 | $115,000 | $0 | 5.50% |
| $1MM+ | 1 | $16,415,000 | $16,415,000 | $0 | 4.25% |
2019 saw Woodforest National Bank place emphasis on $100k-200k loans with 1 originations, totaling $115,000 in origination value.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 2 | $16,530,000 | $8,265,000 | $0 | 4.88% |
Approval Rates
Total approvals of all applications75.00%
Woodforest National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination50.00%
Woodforest National Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2 | $16,530,000 | $8,265,000 |