Wayne Savings Community Bank Mortgage Rates, Fees & Info
Wooster, OHLEI: 549300WLYZ63QPFTDP84
Tax ID: 34-0606020
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Wayne Savings Community Bank is a smaller bank specializing in Home Purchase loans. Wayne Savings Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wooster, Canton, Salem, Ashland, and Akron among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Wayne Savings Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
400Origination Dollar Volume (All Markets)
$104,720,000Top 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 |
|---|---|---|---|---|---|
| Wooster, OH (FHA|USDA|VA) | 123 | $30,895,000 | $251,179 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 70 | $19,690,000 | $281,286 | $0 | 0.00% |
| Salem, OH (FHA|USDA|VA) | 47 | $10,585,000 | $225,213 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 30 | $8,420,000 | $280,667 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 29 | $7,665,000 | $264,310 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $6,965,000 | $224,677 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 22 | $5,250,000 | $238,636 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 21 | $4,035,000 | $192,143 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $3,525,000 | $3,525,000 | $0 | 0.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 7 | $2,095,000 | $299,286 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| Coshocton, OH (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $0 | 0.00% |
| Adrian, MI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Meadville, PA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 400 | $104,720,000 | $261,800 | $0 | 0.00% |
For 2022, Wayne Savings Community Bank's most frequently originated type of loan was Conventional, with 400 originations.
Loan Reason
For 2022, Wayne Savings Community Bank's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Cash Out Refi, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 400 | $104,720,000 | $261,800 | $0 | 0.00% |
For 2022, Wayne Savings Community Bank's most frequently cited loan duration was Other, with 400 originations.
Loan Sizing
2022 saw Wayne Savings Community Bank place emphasis on $100k-200k loans with 129 originations, totaling $18,735,000 in origination value.
Applicant Income
Wayne Savings Community Bank lent most frequently to those with incomes in the $50k or less range, with 76 originations. The second most popular income band? $100k-150k, with 69 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 400 | $104,720,000 | $261,800 | $0 | 0.00% |
Wayne Savings Community Bank lent most frequently to those with DTI ratios of Exempt%, with 400 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.53%
Wayne Savings Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.50%
Wayne Savings Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 400 | $104,720,000 | $261,800 |