Park State Bank & Trust Mortgage Rates, Fees & Info

Woodland Park, CO

LEI: 2549008Q2VVT9WY4NV30

Tax ID: 84-0532259

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Park State Bank & Trust is a smaller bank specializing in Home Purchase loans. Park State Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Colorado Springs, Denver, Cañon City, and Charleston among others. We have data for 5 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.

    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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    Originations

    53

    Origination Dollar Volume (All Markets)

    $20,995,000

    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
    COLORADO SPRINGS, CO (FHA|USDA|VA) 36 $13,900,000 $386,111 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $3,750,000 $375,000 $0 0.00%
    Outside of Metro Areas 3 $2,695,000 $898,333 $0 0.00%
    Cañon City, CO (FHA|USDA|VA) 3 $565,000 $188,333 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Park State Bank & Trust's top markets include Colorado Springs, Denver, Cañon City, and Charleston among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $20,995,000 $396,132 $0 0.00%

    For 2019, Park State Bank & Trust's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $18,345,000 $447,439 $0 0.00%
    Refi 6 $880,000 $146,667 $0 0.00%
    Home Improvement 3 $105,000 $35,000 $0 0.00%
    Cash Out Refi 2 $140,000 $70,000 $0 0.00%
    Other 1 $1,525,000 $1,525,000 $0 0.00%

    For 2019, Park State Bank & Trust's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $20,995,000 $396,132 $0 0.00%

    For 2019, Park State Bank & Trust's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $4,500,000 $321,429 $0 0.00%
    $400k-600k 14 $6,930,000 $495,000 $0 0.00%
    $100k-200k 9 $1,305,000 $145,000 $0 0.00%
    $100,000 or less 7 $355,000 $50,714 $0 0.00%
    $600k-1MM 7 $5,125,000 $732,143 $0 0.00%
    $1MM+ 2 $2,780,000 $1,390,000 $0 0.00%

    2019 saw Park State Bank & Trust place emphasis on $200k-400k loans with 14 originations, totaling $4,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 14 $4,980,000 $355,714 $0 0.00%
    $100k-150k 13 $5,725,000 $440,385 $0 0.00%
    $250k+ 11 $6,645,000 $604,091 $0 0.00%
    $75k-100k 7 $2,015,000 $287,857 $0 0.00%
    $50k or less 4 $130,000 $32,500 $0 0.00%
    $50k-75k 2 $350,000 $175,000 $0 0.00%

    Park State Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 14 originations. The second most popular income band? $100k-150k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $20,995,000 $396,132 $0 0.00%

    Park State Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $20,435,000 $400,686 $0 0.00%
    Not applicable 1 $385,000 $385,000 $0 0.00%
    Not provided 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.90%

    Park State Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    56.60%

    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 53 $20,995,000 $396,132

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $385,000 $385,000
    Single Family (1-4 Units):Manufactured 5 $805,000 $161,000
    Single Family (1-4 Units):Site-Built 47 $19,805,000 $421,383