State Bank Of Newburg Mortgage Rates, Fees & Info
Newburg, WILEI: 254900KSSD1QWXBEPB68
Tax ID: 39-0634390
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
State Bank Of Newburg is a smaller bank specializing in Home Purchase loans. State Bank Of Newburg has a high proportion of conventional loans. Their top (well, only) market is Milwaukee.State Bank Of Newburg 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
38Origination Dollar Volume (All Markets)
$15,080,000Top 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 |
|---|---|---|---|---|---|
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 28 | $13,420,000 | $479,286 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,660,000 | $166,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $15,080,000 | $396,842 | $0 | 0.00% |
For 2023, State Bank Of Newburg's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2023, State Bank Of Newburg's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $15,080,000 | $396,842 | $0 | 0.00% |
For 2023, State Bank Of Newburg's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2023 saw State Bank Of Newburg place emphasis on $100k-200k loans with 14 originations, totaling $2,180,000 in origination value.
Applicant Income
State Bank Of Newburg lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $250k+, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $15,080,000 | $396,842 | $0 | 0.00% |
State Bank Of Newburg lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.24%
State Bank Of Newburg has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.74%
State Bank Of Newburg has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $15,080,000 | $396,842 |