# The Greenwood's State Bank

> **Canonical URL:** https://saferate.com/lenders/the-greenwoods-state-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


The Greenwood's State Bank is a bank, headquartered in Lake Mills, WI, serving borrowers across 4 states, with 47 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 24% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 55% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 2549006HGDHH72X1BE36
- **Headquarters:** Lake Mills, WI
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** CA, FL, IL, WI
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 94.7%
- **Brokered/Wholesale:** 5.3%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 76/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 45/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.281%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $442
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 47
- **Dollar Volume:** $18 million
- **Applications Received:** 57
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $373,936
- **Average Borrower Income:** $253,553
- **Average Property Value:** $580,532

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 21/100 | 44 | +0.281% | $442 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 32 loans, Score: 21/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 23/100 | 35 | $13M | +0.388% | Acceptable 🙂 |
| Refinance | 22/100 | 12 | $5M | +0.044% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WI | 43 | 0.07% | 63/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 27 | 45/100 |

## Frequently Asked Questions

### What loan types does The Greenwood's State Bank offer?

The Greenwood's State Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Greenwood's State Bank offer mortgages?

The Greenwood's State Bank offers mortgages in 4 states: CA, FL, IL, WI.

### How competitive are The Greenwood's State Bank's mortgage rates?

The Greenwood's State Bank has a pricing score of 76/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.281% above market average.

### What type of lender is The Greenwood's State Bank?

The Greenwood's State Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Lake Mills, WI.

### What is The Greenwood's State Bank's loan approval success rate?

The Greenwood's State Bank has a pull-through score of 45/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/the-greenwoods-state-bank

### How to Cite

> "The Greenwood's State Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-greenwoods-state-bank

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