Park State Bank & Trust Mortgage Rates, Fees & Info
Woodland Park, COLEI: 2549008Q2VVT9WY4NV30
Tax ID: 84-0532259
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Mortgage Data
Review & Overview
Park State Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Park State Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Colorado Springs, Denver, and Cañon City among others. We have data for 4 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
41Origination Dollar Volume (All Markets)
$11,005,000Top 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 |
|---|---|---|---|---|---|
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 32 | $8,430,000 | $263,438 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 5 | $1,835,000 | $367,000 | $0 | 0.00% |
| Cañon City, CO (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $340,000 | $170,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $11,005,000 | $268,415 | $0 | 0.00% |
For 2018, Park State Bank & Trust's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 25 | $8,205,000 | $328,200 | $0 | 0.00% |
| Refi | 14 | $2,720,000 | $194,286 | $0 | 0.00% |
| Other | 2 | $80,000 | $40,000 | $0 | 0.00% |
For 2018, Park State Bank & Trust's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $11,005,000 | $268,415 | $0 | 0.00% |
For 2018, Park State Bank & Trust's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2018 saw Park State Bank & Trust place emphasis on $200k-400k loans with 16 originations, totaling $4,320,000 in origination value.
Applicant Income
Park State Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $11,005,000 | $268,415 | $0 | 0.00% |
Park State Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 38 | $10,570,000 | $278,158 | $0 | 0.00% |
| Not applicable | 3 | $435,000 | $145,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.55%
Park State Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination63.41%
Park State Bank & Trust 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 | 41 | $11,005,000 | $268,415 |