First State Bank Of Wyoming Mortgage Rates, Fees & Info

Wyoming, MN

LEI: 254900GRI3U90GF3IF79

Tax ID: 41-0257650

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
  • Complaints
  • 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

    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 (well, only) market is Minneapolis.

    First State Bank Of Wyoming has an 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

    41

    Origination Dollar Volume (All Markets)

    $6,535,000

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 38 $5,770,000 $151,842 $0 0.00%
    Outside of Metro Areas 3 $765,000 $255,000 $0 0.00%
    First State Bank Of Wyoming's top markets include and Minneapolis among others.

    Their top states include:
  • Minnesota (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $6,535,000 $159,390 $0 0.00%

    For 2018, First State Bank Of Wyoming's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $4,655,000 $221,667 $0 0.00%
    Other 8 $530,000 $66,250 $0 0.00%
    Refi 8 $1,210,000 $151,250 $0 0.00%
    Home Improvement 4 $140,000 $35,000 $0 0.00%

    For 2018, First State Bank Of Wyoming's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Other, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 41 $6,535,000 $159,390 $0 0.00%

    For 2018, First State Bank Of Wyoming's most frequently cited loan duration was Other, with 41 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 16 $2,230,000 $139,375 $0 0.00%
    $100,000 or less 14 $720,000 $51,429 $0 0.00%
    $200k-400k 8 $2,180,000 $272,500 $0 0.00%
    $400k-600k 3 $1,405,000 $468,333 $0 0.00%

    2018 saw First State Bank Of Wyoming place emphasis on $100k-200k loans with 16 originations, totaling $2,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $1,895,000 $172,273 $0 0.00%
    $150k-250k 8 $1,280,000 $160,000 $0 0.00%
    $75k-100k 8 $1,270,000 $158,750 $0 0.00%
    $50k-75k 7 $1,125,000 $160,714 $0 0.00%
    $50k or less 4 $300,000 $75,000 $0 0.00%
    $250k+ 1 $255,000 $255,000 $0 0.00%

    First State Bank Of Wyoming lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 41 $6,535,000 $159,390 $0 0.00%

    First State Bank Of Wyoming lent most frequently to those with DTI ratios of Exempt%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $5,750,000 $151,316 $0 0.00%
    Not applicable 2 $410,000 $205,000 $0 0.00%
    Asian 1 $375,000 $375,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.26%

    First State Bank Of Wyoming has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.61%

    First State Bank Of Wyoming has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 41 $6,535,000 $159,390

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 41 $6,535,000 $159,390

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%