First State Bank Mortgage Rates, Fees & Info

CLUTE, TX

LEI: 54930025OQ7Y7X795P35

Tax ID: 74-1311733

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Mortgage Data

Review & Overview

First State Bank is a smaller bank specializing in Home Purchase and Other loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Austin, and Bay City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First State Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

112

Origination Dollar Volume (All Markets)

$18,960,000

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 109 $17,485,000 $160,413 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
Bay City, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Outside of Metro Areas 1 $65,000 $65,000 $0 0.00%
First State Bank's top markets include Houston, Austin, and Bay City among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 112 $18,960,000 $169,286 $0 0.00%

    For 2023, First State Bank's most frequently originated type of loan was Conventional, with 112 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $10,935,000 $243,000 $0 0.00%
    Home Improvement 37 $3,165,000 $85,541 $0 0.00%
    Other 24 $4,000,000 $166,667 $0 0.00%
    Refi 6 $860,000 $143,333 $0 0.00%

    For 2023, First State Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Home Improvement, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 112 $18,960,000 $169,286 $0 0.00%

    For 2023, First State Bank's most frequently cited loan duration was Other, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 42 $2,410,000 $57,381 $0 0.00%
    $100k-200k 40 $5,590,000 $139,750 $0 0.00%
    $200k-400k 21 $5,525,000 $263,095 $0 0.00%
    $400k-600k 5 $2,115,000 $423,000 $0 0.00%
    $1MM+ 2 $2,110,000 $1,055,000 $0 0.00%
    $600k-1MM 2 $1,210,000 $605,000 $0 0.00%

    2023 saw First State Bank place emphasis on $100,000 or less loans with 42 originations, totaling $2,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $4,180,000 $139,333 $0 0.00%
    $75k-100k 22 $2,620,000 $119,091 $0 0.00%
    $150k-250k 17 $2,815,000 $165,588 $0 0.00%
    $50k-75k 13 $1,375,000 $105,769 $0 0.00%
    $250k+ 11 $3,505,000 $318,636 $0 0.00%
    $50k or less 5 $435,000 $87,000 $0 0.00%

    First State Bank lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $75k-100k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 112 $18,960,000 $169,286 $0 0.00%

    First State Bank lent most frequently to those with DTI ratios of Exempt%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 91 $13,815,000 $151,813 $0 0.00%
    Not applicable 13 $3,985,000 $306,538 $0 0.00%
    Black 5 $615,000 $123,000 $0 0.00%
    Asian 2 $510,000 $255,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.00%

    First State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.79%

    First State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 112 $18,960,000 $169,286

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    112 $18,960,000 $169,286