Valley State Bank Mortgage Rates, Fees & Info

BELLE PLAINE, KS

LEI: 21380055IMHX3N5UL146

Tax ID: 48-0459210

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Winfield, and Hutchinson among others. We have data for 4 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    76

    Origination Dollar Volume (All Markets)

    $9,300,000

    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) 70 $8,580,000 $122,571 $0 0.00%
    Winfield, KS (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
    Outside of Metro Areas 2 $130,000 $65,000 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Valley State Bank's top markets include Wichita, Winfield, and Hutchinson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $9,300,000 $122,368 $0 0.00%

    For 2022, Valley State Bank's most frequently originated type of loan was Conventional, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 48 $6,360,000 $132,500 $0 0.00%
    Refi 20 $2,540,000 $127,000 $0 0.00%
    Home Improvement 8 $400,000 $50,000 $0 0.00%

    For 2022, Valley State Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $9,300,000 $122,368 $0 0.00%

    For 2022, Valley State Bank's most frequently cited loan duration was Other, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 45 $2,775,000 $61,667 $0 0.00%
    $100k-200k 18 $2,540,000 $141,111 $0 0.00%
    $200k-400k 11 $3,025,000 $275,000 $0 0.00%
    $400k-600k 2 $960,000 $480,000 $0 0.00%

    2022 saw Valley State Bank place emphasis on $100,000 or less loans with 45 originations, totaling $2,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 10 $1,440,000 $144,000 $0 0.00%
    $100k-150k 9 $1,215,000 $135,000 $0 0.00%
    $150k-250k 8 $1,740,000 $217,500 $0 0.00%
    $50k-75k 8 $440,000 $55,000 $0 0.00%
    $50k or less 7 $595,000 $85,000 $0 0.00%
    $250k+ 1 $85,000 $85,000 $0 0.00%

    Valley State Bank lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 76 $9,300,000 $122,368 $0 0.00%

    Valley State Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $4,430,000 $116,579 $0 0.00%
    Not applicable 33 $3,785,000 $114,697 $0 0.00%
    Black 2 $510,000 $255,000 $0 0.00%
    Not provided 2 $310,000 $155,000 $0 0.00%
    Asian 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.08%

    Valley State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.58%

    Valley State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 76 $9,300,000 $122,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    76 $9,300,000 $122,368