Andover State Bank Mortgage Rates, Fees & Info
Andover, KSLEI: 2549003IXQM06TTWQV75
Tax ID: 48-0122265
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Mortgage Data
Review & Overview
Andover State Bank is a smaller bank specializing in Refi and Home Purchase loans. Andover State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Ponca City, Topeka, Fayetteville, and Kansas City 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
50Origination Dollar Volume (All Markets)
$15,960,000Top 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) | 44 | $13,070,000 | $297,045 | $0 | 0.00% |
| Ponca City, OK (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $130,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $15,960,000 | $319,200 | $0 | 0.00% |
For 2019, Andover State Bank's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2019, Andover State Bank's most frequently cited loan purpose was Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $15,960,000 | $319,200 | $0 | 0.00% |
For 2019, Andover State Bank's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2019 saw Andover State Bank place emphasis on $200k-400k loans with 17 originations, totaling $4,615,000 in origination value.
Applicant Income
Andover State Bank lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $250k+, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $15,960,000 | $319,200 | $0 | 0.00% |
Andover State Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.00%
Andover State Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.00%
Andover State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $15,960,000 | $319,200 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| AMA Advisors, LLC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 7.3% |
| AMA Advisors, LLC. | Conventional home mortgage | Closing on a mortgage | 1 | 2.4% |
| AMA Advisors, LLC. | Conventional home mortgage | Struggling to pay mortgage | 2 | 4.9% |
| AMA Advisors, LLC. | Conventional home mortgage | Trouble during payment process | 9 | 22.0% |
| AMA Advisors, LLC. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 7.3% |
| AMA Advisors, LLC. | FHA mortgage | Closing on a mortgage | 1 | 2.4% |
| AMA Advisors, LLC. | FHA mortgage | Struggling to pay mortgage | 2 | 4.9% |
| AMA Advisors, LLC. | FHA mortgage | Trouble during payment process | 11 | 26.8% |
| AMA Advisors, LLC. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.4% |
| AMA Advisors, LLC. | Other type of mortgage | Struggling to pay mortgage | 1 | 2.4% |
| AMA Advisors, LLC. | Other type of mortgage | Trouble during payment process | 3 | 7.3% |
| AMA Advisors, LLC. | VA mortgage | Struggling to pay mortgage | 2 | 4.9% |
| AMA Advisors, LLC. | VA mortgage | Trouble during payment process | 2 | 4.9% |