Wauchula State Bank Mortgage Rates, Fees & Info

Wauchula, FL

LEI: 549300ZW96EO7YCGVV43

Tax ID: 59-0500870

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Mortgage Data

Review & Overview

Wauchula State Bank is a smaller bank specializing in Home Purchase loans. Wauchula State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Punta Gorda, North Port, Tampa, Orlando, and Sebring among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wauchula State Bank 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.

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Originations

185

Origination Dollar Volume (All Markets)

$78,175,000

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
PUNTA GORDA, FL (FHA|USDA|VA) 81 $32,585,000 $402,284 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 27 $9,375,000 $347,222 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $8,595,000 $781,364 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $5,130,000 $2,565,000 $0 0.00%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 20 $4,810,000 $240,500 $0 0.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 12 $4,480,000 $373,333 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $3,800,000 $633,333 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 6 $3,680,000 $613,333 $0 0.00%
OCALA, FL (FHA|USDA|VA) 2 $1,840,000 $920,000 $0 0.00%
Arcadia, FL (FHA|USDA|VA) 6 $1,370,000 $228,333 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $680,000 $340,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
Wauchula, FL (FHA|USDA|VA) 4 $430,000 $107,500 $0 0.00%
Okeechobee, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Wauchula State Bank's top markets include Punta Gorda, North Port, Tampa, Orlando, and Sebring among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 185 $78,175,000 $422,568 $0 0.00%

    For 2023, Wauchula State Bank's most frequently originated type of loan was Conventional, with 185 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 124 $55,430,000 $447,016 $0 0.00%
    Refi 30 $13,250,000 $441,667 $0 0.00%
    Other 25 $7,905,000 $316,200 $0 0.00%
    Home Improvement 6 $1,590,000 $265,000 $0 0.00%

    For 2023, Wauchula State Bank's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 185 $78,175,000 $422,568 $0 0.00%

    For 2023, Wauchula State Bank's most frequently cited loan duration was Other, with 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 66 $18,630,000 $282,273 $0 0.00%
    $100k-200k 45 $6,725,000 $149,444 $0 0.00%
    $400k-600k 25 $12,255,000 $490,200 $0 0.00%
    $600k-1MM 24 $17,330,000 $722,083 $0 0.00%
    $100,000 or less 14 $880,000 $62,857 $0 0.00%
    $1MM+ 11 $22,355,000 $2,032,273 $0 0.00%

    2023 saw Wauchula State Bank place emphasis on $200k-400k loans with 66 originations, totaling $18,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 40 $23,430,000 $585,750 $0 0.00%
    $150k-250k 29 $10,605,000 $365,690 $0 0.00%
    $100k-150k 28 $7,290,000 $260,357 $0 0.00%
    $75k-100k 19 $3,955,000 $208,158 $0 0.00%
    $50k-75k 17 $3,235,000 $190,294 $0 0.00%
    $50k or less 13 $1,325,000 $101,923 $0 0.00%

    Wauchula State Bank lent most frequently to those with incomes in the $250k+ range, with 40 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 185 $78,175,000 $422,568 $0 0.00%

    Wauchula State Bank lent most frequently to those with DTI ratios of Exempt%, with 185 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 136 $45,080,000 $331,471 $0 0.00%
    Not applicable 35 $27,715,000 $791,857 $0 0.00%
    Not provided 11 $4,385,000 $398,636 $0 0.00%
    Asian 2 $610,000 $305,000 $0 0.00%
    Black 1 $385,000 $385,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.76%

    Wauchula State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.84%

    Wauchula State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 185 $78,175,000 $422,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    185 $78,175,000 $422,568