State Bank Of Newburg Mortgage Rates, Fees & Info
Newburg, WILEI: 254900KSSD1QWXBEPB68
Tax ID: 39-0634390
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Mortgage Data
Review & Overview
State Bank Of Newburg is a smaller bank specializing in Home Purchase and Refi 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
91Origination Dollar Volume (All Markets)
$16,725,000Top 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) | 76 | $14,760,000 | $194,211 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $1,965,000 | $131,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $16,725,000 | $183,791 | $0 | 0.00% |
For 2019, State Bank Of Newburg's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2019, State Bank Of Newburg's most frequently cited loan purpose was Home Purchase, with 40 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $16,725,000 | $183,791 | $0 | 0.00% |
For 2019, State Bank Of Newburg's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2019 saw State Bank Of Newburg place emphasis on $100,000 or less loans with 34 originations, totaling $1,540,000 in origination value.
Applicant Income
State Bank Of Newburg lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $16,725,000 | $183,791 | $0 | 0.00% |
State Bank Of Newburg lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.97%
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 origination94.51%
State Bank Of Newburg has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 91 | $16,725,000 | $183,791 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STATE FARM BANK, FSB | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 16.7% |
| STATE FARM BANK, FSB | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 8.3% |
| STATE FARM BANK, FSB | Conventional home mortgage | Struggling to pay mortgage | 1 | 8.3% |
| STATE FARM BANK, FSB | Conventional home mortgage | Trouble during payment process | 5 | 41.7% |
| STATE FARM BANK, FSB | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 16.7% |
| STATE FARM BANK, FSB | VA mortgage | Trouble during payment process | 1 | 8.3% |