Garden Plain State Bank Mortgage Rates, Fees & Info

Wichita, KS

LEI: 5493001YU4TTE8QEL245

Tax ID: 48-0726234

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Garden Plain State Bank is a smaller bank specializing in Home Purchase loans. Garden Plain State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Hutchinson, Oklahoma City, and Winfield among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Garden Plain State Bank 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $21,210,000

    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
    WICHITA, KS (FHA|USDA|VA) 98 $19,450,000 $198,469 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 6 $1,090,000 $181,667 $0 0.00%
    Outside of Metro Areas 2 $270,000 $135,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Winfield, KS (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Garden Plain State Bank's top markets include Wichita, Hutchinson, Oklahoma City, and Winfield among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $21,210,000 $196,389 $0 0.00%

    For 2022, Garden Plain State Bank's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 58 $12,860,000 $221,724 $0 0.00%
    Refi 17 $2,685,000 $157,941 $0 0.00%
    Cash Out Refi 15 $3,295,000 $219,667 $0 0.00%
    Home Improvement 11 $715,000 $65,000 $0 0.00%
    Other 7 $1,655,000 $236,429 $0 0.00%

    For 2022, Garden Plain State Bank's most frequently cited loan purpose was Home Purchase, with 58 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 108 $21,210,000 $196,389 $0 0.00%

    For 2022, Garden Plain State Bank's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 37 $2,385,000 $64,459 $0 0.00%
    $200k-400k 34 $10,430,000 $306,765 $0 0.00%
    $100k-200k 30 $4,830,000 $161,000 $0 0.00%
    $400k-600k 5 $2,215,000 $443,000 $0 0.00%
    $600k-1MM 2 $1,350,000 $675,000 $0 0.00%

    2022 saw Garden Plain State Bank place emphasis on $100,000 or less loans with 37 originations, totaling $2,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $7,305,000 $235,645 $0 0.00%
    $75k-100k 20 $3,590,000 $179,500 $0 0.00%
    $150k-250k 16 $3,830,000 $239,375 $0 0.00%
    $50k-75k 11 $1,375,000 $125,000 $0 0.00%
    $50k or less 11 $1,135,000 $103,182 $0 0.00%
    $250k+ 5 $1,875,000 $375,000 $0 0.00%

    Garden Plain State Bank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $75k-100k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $21,210,000 $196,389 $0 0.00%

    Garden Plain State Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $19,055,000 $204,892 $0 0.00%
    Not applicable 14 $2,100,000 $150,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.90%

    Garden Plain State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.59%

    Garden Plain State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $21,210,000 $196,389

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $21,210,000 $196,389