Park State Bank & Trust Mortgage Rates, Fees & Info
Woodland Park, COLEI: 2549008Q2VVT9WY4NV30
Tax ID: 84-0532259
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Park State Bank & Trust is a smaller bank specializing in Other loans. Park State Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Boulder, Colorado Springs, Denver, Pueblo, and Cañon City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Park State Bank & Trust 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
37Origination Dollar Volume (All Markets)
$16,255,000Top 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 |
|---|---|---|---|---|---|
| BOULDER, CO (FHA|USDA|VA) | 9 | $7,535,000 | $837,222 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 13 | $4,075,000 | $313,462 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 11 | $3,695,000 | $335,909 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $465,000 | $465,000 | $0 | 0.00% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $16,255,000 | $439,324 | $0 | 0.00% |
For 2023, Park State Bank & Trust's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Other | 36 | $15,790,000 | $438,611 | $0 | 0.00% |
| Home Purchase | 1 | $465,000 | $465,000 | $0 | 0.00% |
For 2023, Park State Bank & Trust's most frequently cited loan purpose was Other, with 36 originations. The 2nd most popular reason was Home Purchase, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $16,255,000 | $439,324 | $0 | 0.00% |
For 2023, Park State Bank & Trust's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2023 saw Park State Bank & Trust place emphasis on $400k-600k loans with 10 originations, totaling $4,780,000 in origination value.
Applicant Income
Park State Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $250k+, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $16,255,000 | $439,324 | $0 | 0.00% |
Park State Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 32 | $14,740,000 | $460,625 | $0 | 0.00% |
| Not provided | 5 | $1,515,000 | $303,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.23%
Park State Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination70.27%
Park State Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $16,255,000 | $439,324 |