First State Bank Mortgage Rates, Fees & Info
LOUISE, TXLEI: 254900BAR7I9CB7YO393
Tax ID: 74-1258875
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, El Campo, Victoria, Rockport, and Bay City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
69Origination Dollar Volume (All Markets)
$26,125,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 18 | $9,250,000 | $513,889 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $5,160,000 | $368,571 | $0 | 0.00% |
| El Campo, TX (FHA|USDA|VA) | 15 | $4,535,000 | $302,333 | $0 | 0.00% |
| VICTORIA, TX (FHA|USDA|VA) | 7 | $2,085,000 | $297,857 | $0 | 0.00% |
| Rockport, TX (FHA|USDA|VA) | 5 | $2,005,000 | $401,000 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $0 | 0.00% |
| Port Lavaca, TX (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $26,125,000 | $378,623 | $0 | 0.00% |
For 2023, First State Bank's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2023, First State Bank's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Other, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $26,125,000 | $378,623 | $0 | 0.00% |
For 2023, First State Bank's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2023 saw First State Bank place emphasis on $100k-200k loans with 19 originations, totaling $2,885,000 in origination value.
Applicant Income
First State Bank 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% | 69 | $26,125,000 | $378,623 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.70%
First State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.30%
First State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $26,125,000 | $378,623 |