1st State Financial Ltd. Mortgage Rates, Fees & Info
Saginaw, MILEI: 254900N51OM1EJ4TQZ22
Tax ID: 20-0851456
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
1st State Financial Ltd. is a smaller mortgage company specializing in Home Purchase loans. 1st State Financial Ltd. has a high proportion of conventional loans. Their top markets by origination volume include: Saginaw, Bay City, Midland, Traverse City, and Detroit among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)1st State Financial Ltd. has an 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
142Origination Dollar Volume (All Markets)
$25,120,000Top 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 |
|---|---|---|---|---|---|
| SAGINAW, MI (FHA|USDA|VA) | 61 | $8,915,000 | $146,148 | $0 | 0.00% |
| BAY CITY, MI (FHA|USDA|VA) | 44 | $6,820,000 | $155,000 | $0 | 0.00% |
| MIDLAND, MI (FHA|USDA|VA) | 16 | $3,070,000 | $191,875 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $3,010,000 | $215,000 | $0 | 0.00% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $1,845,000 | $1,845,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| FLINT, MI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Mount Pleasant, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against 1st State Financial Ltd. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 142 | $25,120,000 | $176,901 | $0 | 0.00% |
For 2024, 1st State Financial Ltd.'s most frequently originated type of loan was Conventional, with 142 originations.
Loan Reason
For 2024, 1st State Financial Ltd.'s most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 142 | $25,120,000 | $176,901 | $0 | 0.00% |
For 2024, 1st State Financial Ltd.'s most frequently cited loan duration was Other, with 142 originations.
Loan Sizing
2024 saw 1st State Financial Ltd. place emphasis on $100k-200k loans with 55 originations, totaling $7,785,000 in origination value.
Applicant Income
1st State Financial Ltd. lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 142 | $25,120,000 | $176,901 | $0 | 0.00% |
1st State Financial Ltd. lent most frequently to those with DTI ratios of Exempt%, with 142 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.18%
1st State Financial Ltd. has an average approval rate.
Pick Rate
Approvals leading to origination99.30%
1st State Financial Ltd. has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 142 | $25,120,000 | $176,901 |