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, Miami, Lafayette, Columbus, and Knoxville among others. We have data for 8 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. 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% | 5/4/24 |
| 30 Year Conventional Refi | 6.46% | 5/4/24 |
| 30 Year Cash-out Refi | 7.04% | 5/4/24 |
| 30 Year FHA Purchase | 7.30% | 5/4/24 |
| 30 Year FHA Refi | 6.27% | 5/4/24 |
| 30 Year VA Purchase | 6.22% | 5/4/24 |
| 30 Year VA Refi | 5.72% | 5/4/24 |
| 30 Year USDA Purchase | 6.27% | 5/4/24 |
| 15 Year Conventional Purchase | 6.01% | 5/4/24 |
| 15 Year Conventional Refi | 5.89% | 5/4/24 |
| 15 Year Cash-out Refi | 5.89% | 5/4/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
86Origination Dollar Volume (All Markets)
$17,620,000Top 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) | 78 | $15,800,000 | $202,564 | $0 | 2.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.75% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 3.06% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.63% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.25% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.50% |
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 | 83 | $16,945,000 | $204,157 | $0 | 2.90% |
| FHA | 3 | $675,000 | $225,000 | $0 | 2.75% |
For 2021, Winterwood Mortgage Group's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2021, Winterwood Mortgage Group's most frequently cited loan purpose was Refi, with 38 originations. The 2nd most popular reason was Home Purchase, with 34 originations.
Loan Duration/Length
For 2021, Winterwood Mortgage Group's most frequently cited loan duration was 30 Year, with 52 originations. The 2nd most popular length was Other, with 18 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 30 | $7,080,000 | $236,000 |
| 3-4% | 23 | $4,345,000 | $188,913 |
| <2.5% | 16 | $2,720,000 | $170,000 |
| 4-5% | 1 | $145,000 | $145,000 |
During 2021, Winterwood Mortgage Group's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 30 originations.
Loan Sizing
2021 saw Winterwood Mortgage Group place emphasis on $100k-200k loans with 39 originations, totaling $6,035,000 in origination value.
Applicant Income
Winterwood Mortgage Group lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $50k or less, with 17 originations.
Applicant Debt to Income Ratio
Winterwood Mortgage Group lent most frequently to those with DTI ratios of 20-30%, with 15 originations. The next most common DTI ratio? 30-36%, with 12 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.19%
Winterwood Mortgage Group has an average approval rate.
Pick Rate
Approvals leading to origination-72.09%
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 |
|---|---|---|---|
| 1350.0 | 1 | $145,000 | $145,000 |
| 1483.99 | 1 | $355,000 | $355,000 |
| 1500.0 | 1 | $235,000 | $235,000 |
| 1610.51 | 1 | $295,000 | $295,000 |
| 1626.63 | 1 | $135,000 | $135,000 |
| 1659.36 | 1 | $315,000 | $315,000 |
| 1662.46 | 1 | $175,000 | $175,000 |
| 1671.24 | 1 | $245,000 | $245,000 |
| 1677.94 | 1 | $235,000 | $235,000 |
| 1688.61 | 1 | $135,000 | $135,000 |
| 1722.0 | 1 | $205,000 | $205,000 |
| 1759.36 | 1 | $175,000 | $175,000 |
| 1775.99 | 1 | $125,000 | $125,000 |
| 1779.51 | 1 | $245,000 | $245,000 |
| 1787.02 | 1 | $165,000 | $165,000 |
| 1792.17 | 1 | $175,000 | $175,000 |
| 1817.25 | 1 | $225,000 | $225,000 |
| 1828.26 | 1 | $385,000 | $385,000 |
| 1829.9 | 1 | $335,000 | $335,000 |
| 1832.69 | 1 | $85,000 | $85,000 |
| 1841.5 | 1 | $345,000 | $345,000 |
| 1850.9 | 1 | $285,000 | $285,000 |
| 1859.51 | 1 | $245,000 | $245,000 |
| 1885.2 | 1 | $305,000 | $305,000 |
| 1886.53 | 1 | $275,000 | $275,000 |
| 1892.56 | 1 | $175,000 | $175,000 |
| 1894.49 | 1 | $185,000 | $185,000 |
| 1901.45 | 1 | $215,000 | $215,000 |
| 1902.3 | 1 | $345,000 | $345,000 |
| 1923.85 | 1 | $135,000 | $135,000 |
| 1927.51 | 1 | $285,000 | $285,000 |
| 1927.65 | 1 | $305,000 | $305,000 |
| 1933.15 | 1 | $275,000 | $275,000 |
| 1967.52 | 1 | $355,000 | $355,000 |
| 2030.35 | 1 | $235,000 | $235,000 |
| 2067.1 | 1 | $125,000 | $125,000 |
| 2120.64 | 1 | $195,000 | $195,000 |
| 2146.52 | 1 | $145,000 | $145,000 |
| 2147.25 | 1 | $305,000 | $305,000 |
| 2163.95 | 1 | $105,000 | $105,000 |
| 2245.95 | 1 | $145,000 | $145,000 |
| 2275.0 | 1 | $375,000 | $375,000 |
| 2391.34 | 1 | $125,000 | $125,000 |
| 2418.28 | 1 | $455,000 | $455,000 |
| 2503.52 | 1 | $105,000 | $105,000 |
| 2526.44 | 1 | $115,000 | $115,000 |
| 2593.32 | 1 | $165,000 | $165,000 |
| 2644.5 | 1 | $165,000 | $165,000 |
| 2655.36 | 1 | $195,000 | $195,000 |
| 2693.03 | 1 | $75,000 | $75,000 |
| 2738.4 | 1 | $135,000 | $135,000 |
| 2743.05 | 1 | $265,000 | $265,000 |
| 2774.9 | 1 | $205,000 | $205,000 |
| 3036.41 | 1 | $215,000 | $215,000 |
| 3155.32 | 1 | $265,000 | $265,000 |
| 3340.36 | 1 | $195,000 | $195,000 |
| 3593.76 | 1 | $195,000 | $195,000 |
| 763.26 | 1 | $155,000 | $155,000 |
| NA | 28 | $4,840,000 | $172,857 |