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: Sebring, Lakeland, Tampa, Wauchula, and Punta Gorda among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wauchula State Bank has an 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

104

Origination Dollar Volume (All Markets)

$26,560,000

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
SEBRING-AVON PARK, FL (FHA|USDA|VA) 39 $7,765,000 $199,103 $0 0.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 21 $5,275,000 $251,190 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $4,625,000 $513,889 $0 0.00%
Wauchula, FL (FHA|USDA|VA) 14 $2,490,000 $177,857 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 10 $1,530,000 $153,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $1,240,000 $620,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $970,000 $485,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $705,000 $705,000 $0 0.00%
Arcadia, FL (FHA|USDA|VA) 2 $600,000 $300,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Wauchula State Bank's top markets include Sebring, Lakeland, Tampa, Wauchula, and Punta Gorda among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 104 $26,560,000 $255,385 $0 0.00%

    For 2022, Wauchula State Bank's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $16,455,000 $310,472 $0 0.00%
    Cash Out Refi 23 $5,265,000 $228,913 $0 0.00%
    Refi 16 $3,320,000 $207,500 $0 0.00%
    Other 7 $875,000 $125,000 $0 0.00%
    Home Improvement 5 $645,000 $129,000 $0 0.00%

    For 2022, Wauchula State Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $26,560,000 $255,385 $0 0.00%

    For 2022, Wauchula State Bank's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 33 $4,735,000 $143,485 $0 0.00%
    $200k-400k 25 $6,995,000 $279,800 $0 0.00%
    $100,000 or less 24 $1,430,000 $59,583 $0 0.00%
    $400k-600k 15 $7,465,000 $497,667 $0 0.00%
    $600k-1MM 6 $4,740,000 $790,000 $0 0.00%
    $1MM+ 1 $1,195,000 $1,195,000 $0 0.00%

    2022 saw Wauchula State Bank place emphasis on $100k-200k loans with 33 originations, totaling $4,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 21 $2,395,000 $114,048 $0 0.00%
    $50k or less 14 $1,180,000 $84,286 $0 0.00%
    $75k-100k 12 $2,000,000 $166,667 $0 0.00%
    $100k-150k 10 $2,500,000 $250,000 $0 0.00%
    $150k-250k 9 $3,775,000 $419,444 $0 0.00%
    $250k+ 7 $4,365,000 $623,571 $0 0.00%

    Wauchula State Bank lent most frequently to those with incomes in the $50k-75k range, with 21 originations. The second most popular income band? $50k or less, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $26,560,000 $255,385 $0 0.00%

    Wauchula State Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 66 $15,660,000 $237,273 $0 0.00%
    Not applicable 30 $9,410,000 $313,667 $0 0.00%
    Not provided 3 $1,135,000 $378,333 $0 0.00%
    Black 3 $265,000 $88,333 $0 0.00%
    Asian 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.92%

    Wauchula State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.62%

    Wauchula State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $26,560,000 $255,385

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    104 $26,560,000 $255,385