Woodruff Federal was founded in 1934 by a group of local business leaders to serve the savings and loan needs of the small town’s growing textile community. Ever since, we’ve stayed true to our founding purpose to remain an S&L…and serve as a safe, secure place that folks could rely on to get a home loan or build their savings deposits.
Over time, Woodruff Federal’s customer base has grown well beyond the town of Woodruff and now extends to serving individuals, families, churches and business owners throughout Spartanburg and neighboring counties: Greenville, Spartanburg, Boiling Springs, Union, Gaffney, Simpsonville, Fountain Inn, Laurens, Inman, Wellford and Lyman.
Woodruff Federal is defined in industry terms as a “portfolio lender, ” or as we prefer to describe ourselves...a true, local mortgage lender. This means our loans are never sold to a secondary market, which results in greater lending flexibility. We originate and approve all mortgage loans in-house, so that every individual loan situation can be evaluated case-by-case.
We have many long-standing customers who have entrusted us with their mortgage lending needs throughout their lives. The same can be said of our large, extended family of deposit customers, who, along with their children and grandchildren, have banked on Woodruff Federal’s competitive rates and friendly service for generations.
Since day one, Woodruff Federal has maintained strong liquidity. Thanks to our conservative vision and leadership, assets have grown steadily over the past 80 years. In recent years, we’ve been listed as one of the most stable thrifts in the nation by Bauer Financial Reports Inc. Today, with close to $90 million in assets and an expanding customer base, Woodruff Federal’s roots run strong and deep in the Upstate.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154