Bendena State Bank Mortgage Rates, Fees & Info
BENDENA, KSLEI: 2549003L98A6Z3YX9T46
Tax ID: 48-0137140
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Mortgage Data
Review & Overview
Bendena State Bank is a smaller bank specializing in Refi loans. Bendena State Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Joseph, Atchison, Kansas City, and Topeka among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bendena 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
38Origination Dollar Volume (All Markets)
$3,040,000Top 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 |
|---|---|---|---|---|---|
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 29 | $2,355,000 | $81,207 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $400,000 | $100,000 | $0 | 0.00% |
| Atchison, KS (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $3,040,000 | $80,000 | $0 | 0.00% |
For 2019, Bendena State Bank's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 33 | $2,725,000 | $82,576 | $0 | 0.00% |
| Home Purchase | 5 | $315,000 | $63,000 | $0 | 0.00% |
For 2019, Bendena State Bank's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $3,040,000 | $80,000 | $0 | 0.00% |
For 2019, Bendena State Bank's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2019 saw Bendena State Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,320,000 in origination value.
Applicant Income
Bendena State Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $3,040,000 | $80,000 | $0 | 0.00% |
Bendena State Bank lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 35 | $2,915,000 | $83,286 | $0 | 0.00% |
| Not applicable | 3 | $125,000 | $41,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.73%
Bendena State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.84%
Bendena State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $3,040,000 | $80,000 |