Valley State Bank Mortgage Rates, Fees & Info
BELLE PLAINE, KSLEI: 21380055IMHX3N5UL146
Tax ID: 48-0459210
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Mortgage Data
Review & Overview
Valley State Bank is a smaller bank specializing in Home Purchase and Refi loans. Valley State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Hutchinson, Kansas City, Mcpherson, and Winfield among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Valley 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
71Origination Dollar Volume (All Markets)
$8,385,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 64 | $7,640,000 | $119,375 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 4 | $270,000 | $67,500 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| McPherson, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Winfield, KS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $8,385,000 | $118,099 | $0 | 0.00% |
For 2023, Valley State Bank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2023, Valley State Bank's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $8,385,000 | $118,099 | $0 | 0.00% |
For 2023, Valley State Bank's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2023 saw Valley State Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,690,000 in origination value.
Applicant Income
Valley State Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $8,385,000 | $118,099 | $0 | 0.00% |
Valley State Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.82%
Valley State Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.65%
Valley State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $8,385,000 | $118,099 |