Winterwood Mortgage Group Rates, Fees & Info

Greenwood, IN

LEI: 549300V7S0JJB4LU5J82

Tax ID: 35-0901024

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Winterwood Mortgage Group is a smaller mortgage company specializing in Home Purchase and Refi loans. Winterwood Mortgage Group has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Indianapolis, Jacksonville, Fort Wayne, Seymour, and Bloomington among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Winterwood Mortgage Group 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. Winterwood Mortgage Group is typically an average 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 about average 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Winterwood Mortgage Group. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    162

    Origination Dollar Volume (All Markets)

    $31,770,000

    Awards

    WINTERWOOD MORTGAGE GROUP FHA Loans bronze
    Show all (1) awards

    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) 142 $27,730,000 $195,282 $5,323 4.16%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $830,000 $415,000 $10,300 4.31%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $485,000 $485,000 $7,718 4.00%
    Seymour, IN (FHA|USDA|VA) 1 $405,000 $405,000 $7,689 3.63%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $390,000 $195,000 $6,168 4.50%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $370,000 $185,000 $5,419 3.88%
    TERRE HAUTE, IN (FHA|USDA|VA) 2 $310,000 $155,000 $5,093 3.88%
    Warsaw, IN (FHA|USDA|VA) 1 $285,000 $285,000 $5,634 4.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $245,000 $245,000 $6,632 3.13%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $135,000 $135,000 $5,906 4.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $8,283 3.63%
    KOKOMO, IN (FHA|USDA|VA) 1 $105,000 $105,000 $3,435 5.75%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $5,084 3.38%
    Bluffton, IN (FHA|USDA|VA) 1 $85,000 $85,000 $4,103 3.75%
    MUNCIE, IN (FHA|USDA|VA) 1 $65,000 $65,000 $3,095 4.50%
    Crawfordsville, IN (FHA|USDA|VA) 1 $65,000 $65,000 $4,024 3.99%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $55,000 $55,000 $4,254 4.88%
    Winterwood Mortgage Group's top markets include Indianapolis, Jacksonville, Fort Wayne, Seymour, and Bloomington among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • 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.

    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 434
    Hendricks County Bank and Trust Company
    Similarity Rank: 456
    Victory Community Bank
    Similarity Rank: 480
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1794
    Citizens State Bank of New Castle
    Similarity Rank: 1898
    FORUM Credit Union
    Similarity Rank: 1920
    TUCKER MORTGAGE, LLC
    Similarity Rank: 1962
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 2436
    Stock Yards Bank & Trust Company
    Similarity Rank: 2451
    Centra Credit Union
    Similarity Rank: 2541

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $28,500,000 $197,917 $5,233 4.18%
    FHA 16 $2,610,000 $163,125 $6,988 4.05%
    VA 2 $660,000 $330,000 $5,141 3.44%

    For 2019, Winterwood Mortgage Group's most frequently originated type of loan was Conventional, with 144 originations. Their 2nd most popular type was FHA, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $16,425,000 $197,892 $5,671 4.35%
    Refi 51 $10,495,000 $205,784 $4,986 3.82%
    Cash Out Refi 28 $4,850,000 $173,214 $5,379 4.19%

    For 2019, Winterwood Mortgage Group's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 125 $24,895,000 $199,160 $5,428 4.27%
    15 Year 29 $5,485,000 $189,138 $5,136 3.81%
    20 Year 5 $895,000 $179,000 $6,317 3.73%
    10 Year 2 $330,000 $165,000 $5,858 3.25%
    Other 1 $165,000 $165,000 $4,859 3.88%

    For 2019, Winterwood Mortgage Group's most frequently cited loan duration was 30 Year, with 125 originations. The 2nd most popular length was 15 Year, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 141 $27,865,000 $197,624
    $2k-3k 8 $1,290,000 $161,250
    $<1k 6 $1,000,000 $166,667
    $3k-4k 3 $625,000 $208,333
    $4k-5k 1 $145,000 $145,000
    $5k+ 1 $445,000 $445,000

    Winterwood Mortgage Group's average total fees were $5,428, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 141 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 81 $17,715,000 $218,704
    4-5% 73 $13,085,000 $179,247
    5-6% 8 $970,000 $121,250

    During 2019, Winterwood Mortgage Group's average interest rate for loans was 4.27%, while their most frequently originated rate bucket for loans was 3-4%, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 83 $12,315,000 $148,373 $5,011 4.17%
    $200k-400k 51 $13,645,000 $267,549 $6,009 4.02%
    $100,000 or less 18 $1,470,000 $81,667 $4,201 4.50%
    $400k-600k 10 $4,340,000 $434,000 $7,758 4.10%

    2019 saw Winterwood Mortgage Group place emphasis on $100k-200k loans with 83 originations, totaling $12,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $7,690,000 $153,800 $5,202 4.16%
    $100k-150k 37 $9,015,000 $243,649 $6,046 4.13%
    $50k or less 37 $5,335,000 $144,189 $4,887 4.33%
    $75k-100k 22 $4,250,000 $193,182 $4,896 4.08%
    $150k-250k 12 $4,010,000 $334,167 $6,374 3.84%
    $250k+ 4 $1,470,000 $367,500 $6,699 4.00%

    Winterwood Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $100k-150k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 42 $8,250,000 $196,429 $4,843 4.06%
    30-36% 32 $5,660,000 $176,875 $5,179 4.18%
    <20% 14 $3,260,000 $232,857 $5,064 3.83%
    41% 9 $1,885,000 $209,444 $5,802 4.29%
    40% 8 $1,770,000 $221,250 $6,111 3.95%
    36% 7 $1,275,000 $182,143 $5,644 4.20%
    46% 7 $965,000 $137,857 $4,980 4.14%
    43% 7 $1,375,000 $196,429 $6,042 4.62%
    44% 6 $1,260,000 $210,000 $6,067 4.25%
    38% 6 $970,000 $161,667 $5,745 4.25%
    49% 5 $1,185,000 $237,000 $6,950 4.50%
    47% 4 $920,000 $230,000 $6,482 4.34%
    50-60% 3 $805,000 $268,333 $9,515 3.96%
    37% 3 $585,000 $195,000 $4,595 3.71%
    39% 3 $505,000 $168,333 $5,052 4.29%
    48% 3 $555,000 $185,000 $4,837 4.63%
    42% 2 $250,000 $125,000 $3,549 4.88%
    45% 1 $295,000 $295,000 $7,180 3.88%

    Winterwood Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 42 originations. The next most common DTI ratio? 30-36%, with 32 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 143 $28,175,000 $197,028 $5,320 4.16%
    Asian 10 $2,250,000 $225,000 $6,477 3.98%
    Black 8 $1,170,000 $146,250 $5,321 4.36%
    Asian Indian 1 $175,000 $175,000 $7,463 3.13%

    Approval Rates

    Total approvals of all applications
    92.07%

    Winterwood Mortgage Group has an average approval rate.

    Pick Rate

    Approvals leading to origination
    35.80%

    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 162 $31,770,000 $196,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $230,000 $115,000
    Single Family (1-4 Units):Site-Built 160 $31,540,000 $197,125

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $535,000 $107,000 $4,303 3.83%
    40-60% 13 $2,225,000 $171,154 $4,929 4.17%
    60-80% 61 $11,545,000 $189,262 $5,182 4.11%
    80-100% 83 $17,465,000 $210,422 $5,710 4.21%