Valley State Bank Mortgage Rates, Fees & Info

BELLE PLAINE, KS

LEI: 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

71

Origination Dollar Volume (All Markets)

$8,385,000

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
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%
Valley State Bank's top markets include Wichita, Hutchinson, Kansas City, Mcpherson, and Winfield among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $4,675,000 $133,571 $0 0.00%
    Refi 25 $2,765,000 $110,600 $0 0.00%
    Home Improvement 8 $640,000 $80,000 $0 0.00%
    Other 3 $305,000 $101,667 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,690,000 $64,048 $0 0.00%
    $100k-200k 20 $2,720,000 $136,000 $0 0.00%
    $200k-400k 8 $2,070,000 $258,750 $0 0.00%
    $600k-1MM 1 $905,000 $905,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,195,000 $132,778 $0 0.00%
    $250k+ 5 $1,595,000 $319,000 $0 0.00%
    $50k-75k 5 $395,000 $79,000 $0 0.00%
    $75k-100k 4 $360,000 $90,000 $0 0.00%
    $50k or less 3 $335,000 $111,667 $0 0.00%
    $150k-250k 2 $300,000 $150,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $4,205,000 $97,791 $0 0.00%
    White 25 $3,805,000 $152,200 $0 0.00%
    Not provided 2 $260,000 $130,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.82%

    Valley State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.65%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    71 $8,385,000 $118,099