Flanagan State Bank Mortgage Rates, Fees & Info
Flanagan, ILLEI: 2549008LUH7QKMXQ8N53
Tax ID: 37-0276830
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Mortgage Data
Review & Overview
Flanagan State Bank is a smaller bank specializing in Home Purchase loans. Flanagan State Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Chicago, Bozeman, Omaha, Poplar Bluff, and Bloomington among others. We have data for 114 markets. (Some data included below & more in-depth data is available with an active subscription.)Flanagan State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Flanagan State Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.88% | 12/17/24 |
| 30 Year Conventional Refi | 6.58% | 12/17/24 |
| 30 Year Cash-out Refi | 6.78% | 12/17/24 |
| 30 Year FHA Purchase | 7.65% | 12/17/24 |
| 30 Year FHA Refi | 7.27% | 12/17/24 |
| 30 Year VA Purchase | 6.42% | 12/17/24 |
| 30 Year VA Refi | 6.27% | 12/17/24 |
| 30 Year USDA Purchase | 7.09% | 12/17/24 |
| 30 Year USDA Refi | 6.09% | 12/17/24 |
| 15 Year Conventional Purchase | 6.30% | 12/17/24 |
| 15 Year Conventional Refi | 6.16% | 12/17/24 |
| 15 Year Cash-out Refi | 6.16% | 12/17/24 |
| 15 Year FHA Purchase | 7.27% | 12/17/24 |
| 15 Year FHA Refi | 8.21% | 12/17/24 |
| 15 Year VA Purchase | 6.78% | 12/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Flanagan State Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,460Origination Dollar Volume (All Markets)
$254,700,000Awards
Flanagan State Bank - 2022
Flanagan State Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 330 | $51,940,000 | $157,394 | $6,805 | 5.06% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 83 | $17,545,000 | $211,386 | $5,796 | 5.03% |
| Bozeman, MT (FHA|USDA|VA) | 35 | $15,055,000 | $430,143 | $6,549 | 5.17% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 60 | $13,660,000 | $227,667 | $5,307 | 5.22% |
| Poplar Bluff, MO (FHA|USDA|VA) | 88 | $11,940,000 | $135,682 | $7,807 | 5.15% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 89 | $10,775,000 | $121,067 | $2,227 | 5.08% |
| PEORIA, IL (FHA|USDA|VA) | 76 | $9,040,000 | $118,947 | $3,244 | 5.17% |
| Bedford, IN (FHA|USDA|VA) | 60 | $8,640,000 | $144,000 | $5,296 | 5.30% |
| Durango, CO (FHA|USDA|VA) | 21 | $7,905,000 | $376,429 | $5,921 | 4.83% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 55 | $7,705,000 | $140,091 | $5,155 | 5.32% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 44 | $6,590,000 | $149,773 | $5,114 | 5.44% |
| Sikeston, MO (FHA|USDA|VA) | 49 | $6,515,000 | $132,959 | $8,273 | 4.83% |
| Rock Springs, WY (FHA|USDA|VA) | 28 | $6,470,000 | $231,071 | $7,359 | 4.90% |
| KANKAKEE, IL (FHA|USDA|VA) | 34 | $5,860,000 | $172,353 | $5,749 | 5.16% |
| Pontiac, IL (FHA|USDA|VA) | 38 | $4,720,000 | $124,211 | $3,110 | 5.28% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 20 | $4,300,000 | $215,000 | $9,156 | 4.87% |
| Maryville, MO (FHA|USDA|VA) | 24 | $3,940,000 | $164,167 | $6,349 | 5.48% |
| READING, PA (FHA|USDA|VA) | 27 | $3,705,000 | $137,222 | $7,437 | 4.83% |
| Kennett, MO (FHA|USDA|VA) | 26 | $2,960,000 | $113,846 | $6,712 | 4.57% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 7 | $2,795,000 | $399,286 | $4,944 | 4.07% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 12 | $2,490,000 | $207,500 | $4,755 | 5.53% |
| Macomb, IL (FHA|USDA|VA) | 24 | $2,250,000 | $93,750 | $5,089 | 4.93% |
| Spencer, IA (FHA|USDA|VA) | 15 | $2,195,000 | $146,333 | $7,409 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 4 | $1,890,000 | $472,500 | $6,414 | 5.03% |
| Helena, MT (FHA|USDA|VA) | 5 | $1,775,000 | $355,000 | $6,929 | 4.35% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $7,575 | 5.66% |
| Storm Lake, IA (FHA|USDA|VA) | 12 | $1,600,000 | $133,333 | $6,774 | 4.72% |
| JOPLIN, MO (FHA|USDA|VA) | 8 | $1,340,000 | $167,500 | $3,995 | 5.22% |
| FARMINGTON, NM (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $8,569 | 5.15% |
| GREELEY, CO (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $3,285 | 5.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $11,992 | 6.17% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 5 | $1,245,000 | $249,000 | $7,515 | 5.83% |
| Ottawa, IL (FHA|USDA|VA) | 13 | $1,165,000 | $89,615 | $3,665 | 5.66% |
| Spirit Lake, IA (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $7,584 | 4.95% |
| Freeport, IL (FHA|USDA|VA) | 10 | $1,100,000 | $110,000 | $4,962 | 4.98% |
| Rochelle, IL (FHA|USDA|VA) | 8 | $1,000,000 | $125,000 | $6,434 | 5.02% |
| Campbellsville, KY (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $7,245 | 4.38% |
| FORT COLLINS, CO (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $6,595 | 4.63% |
| Lincoln, IL (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $3,795 | 6.02% |
| Montrose, CO (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $5,506 | 3.94% |
| Dixon, IL (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $6,663 | 5.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $6,896 | 4.56% |
| CASPER, WY (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $5,139 | 5.56% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $24,012 | 4.63% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $18,291 | 6.38% |
| Natchez, MS-LA (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $5,236 | 4.85% |
| Evanston, WY (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $4,888 | 4.69% |
| Brookings, SD (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $8,156 | 4.21% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $9,050 | 5.25% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $39,192 | 6.50% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $10,387 | 5.38% |
| Yankton, SD (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $10,485 | 5.25% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 4 | $540,000 | $135,000 | $4,752 | 4.56% |
| Galesburg, IL (FHA|USDA|VA) | 4 | $530,000 | $132,500 | $4,992 | 4.59% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $5,545 | 5.75% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,717 | 6.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $6,221 | 6.88% |
| Malvern, AR (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,085 | 4.67% |
| Farmington, MO (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $2,459 | 6.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $2,616 | 3.79% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,403 | 4.94% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $9,819 | 6.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $7,886 | 4.56% |
| Elko, NV (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,701 | 6.88% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $2,589 | 4.42% |
| The Dalles, OR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $13,816 | 3.50% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $18,295 | 4.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $8,407 | 5.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,811 | 3.88% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $10,212 | 6.25% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $14,351 | 4.88% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,540 | 6.38% |
| AMES, IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,871 | 4.25% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,374 | 4.75% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $10,587 | 5.63% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,746 | 5.00% |
| Alamogordo, NM (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $3,503 | 4.92% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,329 | 6.38% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,346 | 3.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,078 | 6.50% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,881 | 3.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,301 | 3.50% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,946 | 4.63% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,781 | 5.13% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,821 | 7.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,823 | 4.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $10,481 | 5.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,679 | 3.25% |
| Seymour, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $12,249 | 4.50% |
| Murray, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,452 | 5.88% |
| Mitchell, SD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,491 | 3.63% |
| Brookhaven, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,343 | 6.13% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,107 | 6.88% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,452 | 5.63% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,524 | 5.13% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,981 | 6.63% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,533 | 5.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,188 | 4.75% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,837 | 4.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,990 | 3.88% |
| Marshalltown, IA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $8,500 | 4.88% |
| Jasper, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,749 | 3.88% |
| Vincennes, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,776 | 4.13% |
| TULSA, OK (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,131 | 4.38% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,810 | 5.63% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,860 | 6.38% |
| Paragould, AR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $8,288 | 5.63% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,145 | 3.63% |
| Sterling, IL (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $3,235 | 5.75% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,963 | 4.13% |
| McComb, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,317 | 3.88% |
| NILES, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,884 | 3.88% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,998 | 5.13% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $5,805 | 4.63% |
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Product Mix
For 2022, Flanagan State Bank's most frequently originated type of loan was Conventional, with 728 originations. Their 2nd most popular type was USDA, with 351 originations.
Loan Reason
For 2022, Flanagan State Bank's most frequently cited loan purpose was Home Purchase, with 1,210 originations. The 2nd most popular reason was Cash Out Refi, with 168 originations.
Loan Duration/Length
For 2022, Flanagan State Bank's most frequently cited loan duration was 30 Year, with 1,267 originations. The 2nd most popular length was 15 Year, with 75 originations.
Origination Fees/Closing Costs
Flanagan State Bank's average total fees were $6,367, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 299 originations.
Interest Rates
During 2022, Flanagan State Bank's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 5-6%, with 513 originations.
Loan Sizing
2022 saw Flanagan State Bank place emphasis on $100k-200k loans with 656 originations, totaling $93,760,000 in origination value.
Applicant Income
Flanagan State Bank lent most frequently to those with incomes in the $50k or less range, with 487 originations. The second most popular income band? $50k-75k, with 420 originations.
Applicant Debt to Income Ratio
Flanagan State Bank lent most frequently to those with DTI ratios of 30-36%, with 318 originations. The next most common DTI ratio? 20-30%, with 278 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.56%
Flanagan State Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.37%
Flanagan State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,460 | $254,700,000 | $174,452 |