State Bank Of Waterloo Mortgage Rates, Fees & Info

Waterloo, IL

LEI: 254900CHU7PX7ZS6RI74

Tax ID: 37-0532990

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Mortgage Data

Review & Overview

State Bank Of Waterloo is a smaller bank specializing in Home Purchase loans. State Bank Of Waterloo has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Springfield, Davenport, Murray, and Taylorville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

State Bank Of Waterloo 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

60

Origination Dollar Volume (All Markets)

$13,880,000

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
ST. LOUIS, MO-IL (FHA|USDA|VA) 54 $12,850,000 $237,963 $0 0.00%
Outside of Metro Areas 2 $480,000 $240,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Murray, KY (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Taylorville, IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
State Bank Of Waterloo's top markets include St. Louis, Springfield, Davenport, Murray, and Taylorville among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $13,880,000 $231,333 $0 0.00%

    For 2023, State Bank Of Waterloo's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 43 $10,175,000 $236,628 $0 0.00%
    Cash Out Refi 7 $995,000 $142,143 $0 0.00%
    Refi 6 $2,350,000 $391,667 $0 0.00%
    Other 3 $295,000 $98,333 $0 0.00%
    Home Improvement 1 $65,000 $65,000 $0 0.00%

    For 2023, State Bank Of Waterloo's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $13,880,000 $231,333 $0 0.00%

    For 2023, State Bank Of Waterloo's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 22 $6,010,000 $273,182 $0 0.00%
    $100k-200k 15 $2,165,000 $144,333 $0 0.00%
    $100,000 or less 14 $930,000 $66,429 $0 0.00%
    $400k-600k 6 $2,880,000 $480,000 $0 0.00%
    $600k-1MM 3 $1,895,000 $631,667 $0 0.00%

    2023 saw State Bank Of Waterloo place emphasis on $200k-400k loans with 22 originations, totaling $6,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 13 $2,715,000 $208,846 $0 0.00%
    $100k-150k 12 $2,780,000 $231,667 $0 0.00%
    $150k-250k 8 $2,560,000 $320,000 $0 0.00%
    $50k-75k 7 $765,000 $109,286 $0 0.00%
    $50k or less 5 $395,000 $79,000 $0 0.00%
    $250k+ 4 $2,170,000 $542,500 $0 0.00%

    State Bank Of Waterloo lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $13,880,000 $231,333 $0 0.00%

    State Bank Of Waterloo lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 48 $11,210,000 $233,542 $0 0.00%
    Not applicable 10 $2,200,000 $220,000 $0 0.00%
    Black 1 $245,000 $245,000 $0 0.00%
    Asian 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    State Bank Of Waterloo has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    State Bank Of Waterloo has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $13,880,000 $231,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    60 $13,880,000 $231,333