Andover State Bank Mortgage Rates, Fees & Info
Andover, KSLEI: 2549003IXQM06TTWQV75
Tax ID: 48-0122265
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Andover State Bank is a smaller bank specializing in Home Purchase and Refi loans. Andover State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Kansas City, Boise City, Appleton, and Hutchinson among others. We have data for 6 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.
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Originations
73Origination Dollar Volume (All Markets)
$23,925,000Top 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) | 67 | $20,825,000 | $310,821 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $23,925,000 | $327,740 | $0 | 0.00% |
For 2023, Andover State Bank's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 48 | $18,170,000 | $378,542 | $0 | 0.00% |
| Refi | 21 | $5,075,000 | $241,667 | $0 | 0.00% |
| Home Improvement | 4 | $680,000 | $170,000 | $0 | 0.00% |
For 2023, Andover State Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $23,925,000 | $327,740 | $0 | 0.00% |
For 2023, Andover State Bank's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2023 saw Andover State Bank place emphasis on $200k-400k loans with 22 originations, totaling $6,150,000 in origination value.
Applicant Income
Andover State Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $23,925,000 | $327,740 | $0 | 0.00% |
Andover State Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.82%
Andover State Bank has an average approval rate.
Pick Rate
Approvals leading to origination65.75%
Andover 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 | 73 | $23,925,000 | $327,740 |