Winterwood Mortgage Group Rates, Fees & Info
Greenwood, INLEI: 549300V7S0JJB4LU5J82
Tax ID: 35-0901024
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Mortgage Data
Review & Overview
Winterwood Mortgage Group is a smaller mortgage company specializing in Home Purchase loans. Winterwood Mortgage Group has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Terre Haute, Michigan City, and Frankfort among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Winterwood Mortgage Group 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. Winterwood Mortgage Group is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 12/16/24 |
| 30 Year Conventional Refi | 6.46% | 12/16/24 |
| 30 Year Cash-out Refi | 7.04% | 12/16/24 |
| 30 Year FHA Purchase | 7.30% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.22% | 12/16/24 |
| 30 Year VA Refi | 5.72% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.01% | 12/16/24 |
| 15 Year Conventional Refi | 5.89% | 12/16/24 |
| 15 Year Cash-out Refi | 5.89% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Winterwood Mortgage Group Mortgage Calculator
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This is not an official calculator from Winterwood Mortgage Group. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
12Origination Dollar Volume (All Markets)
$3,120,000Relative Rate
Winterwood Mortgage Group's average 30 year fixed mortgage rate was
6.63%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.15%.
Relative Fees (Closing Costs)
Winterwood Mortgage Group's average total fees/closing costs for a 30 year fixed rate
mortgage were $26,535.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top 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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 9 | $2,485,000 | $276,111 | $35,091 | 6.73% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,801 | 6.63% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,157 | 5.88% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,200 | 6.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against WINTERWOOD MORTGAGE GROUP based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $3,120,000 | $260,000 | $26,535 | 6.63% |
For 2023, Winterwood Mortgage Group's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 12 | $3,120,000 | $260,000 | $26,535 | 6.63% |
For 2023, Winterwood Mortgage Group's most frequently cited loan purpose was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 12 | $3,120,000 | $260,000 | $26,535 | 6.63% |
For 2023, Winterwood Mortgage Group's most frequently cited loan duration was 30 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 6 | $1,720,000 | $286,667 |
| $3k-4k | 2 | $350,000 | $175,000 |
| $4k-5k | 2 | $660,000 | $330,000 |
| $2k-3k | 1 | $245,000 | $245,000 |
Winterwood Mortgage Group's average total fees were $26,535, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 7 | $1,965,000 | $280,714 |
| 5-6% | 3 | $675,000 | $225,000 |
| 7-8% | 1 | $335,000 | $335,000 |
| Over 8% | 1 | $145,000 | $145,000 |
During 2023, Winterwood Mortgage Group's average interest rate for loans was 6.63%, while their most frequently originated rate bucket for loans was 6-7%, with 7 originations.
Loan Sizing
2023 saw Winterwood Mortgage Group place emphasis on $200k-400k loans with 8 originations, totaling $2,290,000 in origination value.
Applicant Income
Winterwood Mortgage Group lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
Winterwood Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 4 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.05%
Winterwood Mortgage Group has an average approval rate.
Pick Rate
Approvals leading to origination-550.00%
Winterwood Mortgage Group 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 | 12 | $3,120,000 | $260,000 |