Andover State Bank Mortgage Rates, Fees & Info

Andover, KS

LEI: 2549003IXQM06TTWQV75

Tax ID: 48-0122265

Latest/2024 | 2023 Data | 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

    Andover State Bank is a smaller bank specializing in Home Purchase loans. Andover State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Sacramento, and Cape Coral among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Andover 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

    46

    Origination Dollar Volume (All Markets)

    $12,380,000

    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) 41 $9,045,000 $220,610 $0 0.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $1,795,000 $1,795,000 $0 0.00%
    Outside of Metro Areas 3 $985,000 $328,333 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
    Andover State Bank's top markets include Wichita, Sacramento, and Cape Coral among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $12,380,000 $269,130 $0 0.00%

    For 2024, Andover State Bank's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $10,705,000 $261,098 $0 0.00%
    Refi 5 $1,675,000 $335,000 $0 0.00%

    For 2024, Andover State Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $12,380,000 $269,130 $0 0.00%

    For 2024, Andover State Bank's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $5,705,000 $271,667 $0 0.00%
    $100k-200k 17 $2,515,000 $147,941 $0 0.00%
    $100,000 or less 3 $205,000 $68,333 $0 0.00%
    $400k-600k 3 $1,465,000 $488,333 $0 0.00%
    $1MM+ 1 $1,795,000 $1,795,000 $0 0.00%
    $600k-1MM 1 $695,000 $695,000 $0 0.00%

    2024 saw Andover State Bank place emphasis on $200k-400k loans with 21 originations, totaling $5,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $2,380,000 $198,333 $0 0.00%
    $100k-150k 10 $2,460,000 $246,000 $0 0.00%
    $50k or less 10 $1,310,000 $131,000 $0 0.00%
    $250k+ 6 $3,780,000 $630,000 $0 0.00%
    $75k-100k 5 $1,205,000 $241,000 $0 0.00%
    $150k-250k 3 $1,245,000 $415,000 $0 0.00%

    Andover State Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $12,380,000 $269,130 $0 0.00%

    Andover State Bank lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $7,450,000 $232,813 $0 0.00%
    Asian 6 $3,040,000 $506,667 $0 0.00%
    Black 2 $660,000 $330,000 $0 0.00%
    American Indian 2 $530,000 $265,000 $0 0.00%
    Not provided 3 $485,000 $161,667 $0 0.00%
    Korean 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.80%

    Andover State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.43%

    Andover State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 46 $12,380,000 $269,130

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $12,380,000 $269,130