First State Bank Of Wyoming Mortgage Rates, Fees & Info
Wyoming, MNLEI: 254900GRI3U90GF3IF79
Tax ID: 41-0257650
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Mortgage Data
Review & Overview
First State Bank Of Wyoming is a smaller bank specializing in Home Purchase loans. First State Bank Of Wyoming has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, Bemidji, and Brainerd among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank Of Wyoming 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
24Origination Dollar Volume (All Markets)
$3,710,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 22 | $3,430,000 | $155,909 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $3,710,000 | $154,583 | $0 | 0.00% |
For 2023, First State Bank Of Wyoming's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2023, First State Bank Of Wyoming's most frequently cited loan purpose was Home Improvement, with 7 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 24 | $3,710,000 | $154,583 | $0 | 0.00% |
For 2023, First State Bank Of Wyoming's most frequently cited loan duration was Other, with 24 originations.
Loan Sizing
2023 saw First State Bank Of Wyoming place emphasis on $100,000 or less loans with 14 originations, totaling $590,000 in origination value.
Applicant Income
First State Bank Of Wyoming lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 24 | $3,710,000 | $154,583 | $0 | 0.00% |
First State Bank Of Wyoming lent most frequently to those with DTI ratios of Exempt%, with 24 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 23 | $3,675,000 | $159,783 | $0 | 0.00% |
| Not provided | 1 | $35,000 | $35,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.30%
First State Bank Of Wyoming has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.67%
First State Bank Of Wyoming has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 24 | $3,710,000 | $154,583 |