Industry State Bank Mortgage Rates, Fees & Info
New Ulm, TXLEI: 254900ARLAZ571P0Z136
Tax ID: 74-0705320
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Industry State Bank is a smaller bank specializing in Home Purchase and Refi loans. Industry State Bank has a high proportion of conventional loans. Their top (well, only) market is Houston.Industry 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
18Origination Dollar Volume (All Markets)
$4,360,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 14 | $2,930,000 | $209,286 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,430,000 | $357,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 18 | $4,360,000 | $242,222 | $0 | 0.00% |
For 2023, Industry State Bank's most frequently originated type of loan was Conventional, with 18 originations.
Loan Reason
For 2023, Industry State Bank's most frequently cited loan purpose was Home Purchase, with 10 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 | 18 | $4,360,000 | $242,222 | $0 | 0.00% |
For 2023, Industry State Bank's most frequently cited loan duration was Other, with 18 originations.
Loan Sizing
2023 saw Industry State Bank place emphasis on $100k-200k loans with 8 originations, totaling $1,160,000 in origination value.
Applicant Income
Industry State Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 18 | $4,360,000 | $242,222 | $0 | 0.00% |
Industry State Bank lent most frequently to those with DTI ratios of Exempt%, with 18 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18 | $4,360,000 | $242,222 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.59%
Industry State Bank has an average approval rate.
Pick Rate
Approvals leading to origination61.11%
Industry State Bank 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 | 18 | $4,360,000 | $242,222 |