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 Refi and Home Purchase loans. Winterwood Mortgage Group has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Indianapolis, Lafayette, Chicago, North Port, and Naples among others. We have data for 15 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 a low 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.
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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
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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
202Origination Dollar Volume (All Markets)
$40,980,000Top 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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 185 | $37,155,000 | $200,838 | $3,106 | 3.30% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 2.50% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $2,197 | 3.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,345 | 4.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $3,284 | 4.50% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,620 | 3.25% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,570 | 3.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,364 | 3.50% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,319 | 2.25% |
| Seymour, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,893 | 3.00% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,550 | 2.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,243 | 3.38% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.50% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,538 | 2.88% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 2.75% |
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 | 195 | $39,435,000 | $202,231 | $3,112 | 3.30% |
| VA | 4 | $1,040,000 | $260,000 | $4,887 | 3.03% |
| FHA | 3 | $505,000 | $168,333 | $5,660 | 2.92% |
For 2020, Winterwood Mortgage Group's most frequently originated type of loan was Conventional, with 195 originations. Their 2nd most popular type was VA, with 4 originations.
Loan Reason
For 2020, Winterwood Mortgage Group's most frequently cited loan purpose was Refi, with 93 originations. The 2nd most popular reason was Home Purchase, with 66 originations.
Loan Duration/Length
For 2020, Winterwood Mortgage Group's most frequently cited loan duration was 30 Year, with 141 originations. The 2nd most popular length was 15 Year, with 46 originations.
Origination Fees/Closing Costs
Winterwood Mortgage Group's average total fees were $3,349, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 145 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 105 | $20,955,000 | $199,571 |
| 2.5-3% | 60 | $13,120,000 | $218,667 |
| <2.5% | 22 | $4,650,000 | $211,364 |
| 4-5% | 12 | $1,930,000 | $160,833 |
| 5-6% | 3 | $325,000 | $108,333 |
During 2020, Winterwood Mortgage Group's average interest rate for loans was 3.47%, while their most frequently originated rate bucket for loans was 3-4%, with 105 originations.
Loan Sizing
2020 saw Winterwood Mortgage Group place emphasis on $100k-200k loans with 99 originations, totaling $15,075,000 in origination value.
Applicant Income
Winterwood Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $75k-100k, with 41 originations.
Applicant Debt to Income Ratio
Winterwood Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 50 originations. The next most common DTI ratio? 30-36%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.55%
Winterwood Mortgage Group has an average approval rate.
Pick Rate
Approvals leading to origination40.59%
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 | 202 | $40,980,000 | $202,871 |