First State Bank Mortgage Rates, Fees & Info
CLUTE, TXLEI: 54930025OQ7Y7X795P35
Tax ID: 74-1311733
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Mortgage Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Bay City, San Antonio, and College Station 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
97Origination Dollar Volume (All Markets)
$13,835,000Top 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 |
|---|---|---|---|---|---|
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 93 | $12,995,000 | $139,731 | $0 | 0.00% |
| Bay City, TX (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 97 | $13,835,000 | $142,629 | $0 | 0.00% |
For 2019, First State Bank's most frequently originated type of loan was Conventional, with 97 originations.
Loan Reason
For 2019, First State Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Home Improvement, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 97 | $13,835,000 | $142,629 | $0 | 0.00% |
For 2019, First State Bank's most frequently cited loan duration was Other, with 97 originations.
Loan Sizing
2019 saw First State Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,540,000 in origination value.
Applicant Income
First State Bank lent most frequently to those with incomes in the $75k-100k range, with 20 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 97 | $13,835,000 | $142,629 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.16%
First State Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.60%
First State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $13,835,000 | $142,629 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |