Stockmans Bank Mortgage Rates, Fees & Info
Mangum, OKLEI: 5493001PJI787KH02821
Tax ID: 73-0242130
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Mortgage Data
Review & Overview
Stockmans Bank is a smaller bank specializing in Refi and Home Purchase loans. Stockmans Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Altus, and Oklahoma City among others. We have data for 4 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. They have an above average pick rate when compared to similar lenders.
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Originations
65Origination Dollar Volume (All Markets)
$10,845,000Top 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 |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 18 | $8,980,000 | $498,889 | $0 | 0.00% |
| Altus, OK (FHA|USDA|VA) | 24 | $1,020,000 | $42,500 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $730,000 | $33,182 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $10,845,000 | $166,846 | $0 | 0.00% |
For 2019, 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 |
|---|---|---|---|---|---|
| Refi | 33 | $2,575,000 | $78,030 | $0 | 0.00% |
| Home Purchase | 25 | $7,655,000 | $306,200 | $0 | 0.00% |
| Home Improvement | 7 | $615,000 | $87,857 | $0 | 0.00% |
For 2019, Stockmans Bank's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $10,845,000 | $166,846 | $0 | 0.00% |
For 2019, Stockmans Bank's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2019 saw Stockmans Bank place emphasis on $100,000 or less loans with 44 originations, totaling $1,430,000 in origination value.
Applicant Income
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 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $10,845,000 | $166,846 | $0 | 0.00% |
Stockmans Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.33%
Stockmans Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.92%
Stockmans Bank 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 | 65 | $10,845,000 | $166,846 |