Stockmans Bank Mortgage Rates, Fees & Info

Mangum, OK

LEI: 5493001PJI787KH02821

Tax ID: 73-0242130

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Mortgage Data

Review & Overview

Stockmans Bank is a smaller bank specializing in Home Purchase loans. Stockmans Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, San Diego, Altus, Crestview, and Kansas City among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Stockmans Bank has an average approval rate when compared to the average across all lenders.

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Originations

65

Origination Dollar Volume (All Markets)

$10,435,000

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $5,435,000 $494,091 $0 0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $2,305,000 $2,305,000 $0 0.00%
Altus, OK (FHA|USDA|VA) 25 $935,000 $37,400 $0 0.00%
Outside of Metro Areas 24 $900,000 $37,500 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
LUBBOCK, TX (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Stockmans Bank's top markets include Dallas, San Diego, Altus, Crestview, and Kansas City among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 65 $10,435,000 $160,538 $0 0.00%

    For 2018, Stockmans Bank's most frequently originated type of loan was Conventional, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $8,375,000 $288,793 $0 0.00%
    Refi 17 $755,000 $44,412 $0 0.00%
    Cash Out Refi 7 $925,000 $132,143 $0 0.00%
    Home Improvement 6 $80,000 $13,333 $0 0.00%
    Other 6 $300,000 $50,000 $0 0.00%

    For 2018, Stockmans Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 65 $10,435,000 $160,538 $0 0.00%

    For 2018, Stockmans Bank's most frequently cited loan duration was Other, with 65 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $1,385,000 $29,468 $0 0.00%
    $100k-200k 6 $790,000 $131,667 $0 0.00%
    $200k-400k 4 $1,060,000 $265,000 $0 0.00%
    $600k-1MM 4 $2,820,000 $705,000 $0 0.00%
    $1MM+ 2 $3,450,000 $1,725,000 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%

    2018 saw Stockmans Bank place emphasis on $100,000 or less loans with 47 originations, totaling $1,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $330,000 $16,500 $0 0.00%
    $50k-75k 11 $435,000 $39,545 $0 0.00%
    $75k-100k 6 $160,000 $26,667 $0 0.00%
    $100k-150k 4 $670,000 $167,500 $0 0.00%
    $250k+ 2 $920,000 $460,000 $0 0.00%
    $150k-250k 1 $215,000 $215,000 $0 0.00%

    Stockmans Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 65 $10,435,000 $160,538 $0 0.00%

    Stockmans Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 20 $6,560,000 $328,000 $0 0.00%
    White 37 $3,075,000 $83,108 $0 0.00%
    Asian 2 $660,000 $330,000 $0 0.00%
    Black 3 $75,000 $25,000 $0 0.00%
    American Indian 3 $65,000 $21,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.67%

    Stockmans Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 65 $10,435,000 $160,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,015,000 $671,667
    Single Family (1-4 Units):Site-Built 62 $8,420,000 $135,806