The Stock Exchange Bank Mortgage Rates, Fees & Info
Caldwell, KSLEI: 54930030PHXZTW8UCY89
Tax ID: 48-0438970
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Mortgage Data
Review & Overview
The Stock Exchange Bank is a smaller bank specializing in Home Purchase and Refi loans. The Stock Exchange Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Winfield, Oklahoma City, Hutchinson, and Topeka among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Stock Exchange 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. The Stock Exchange Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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Originations
91Origination Dollar Volume (All Markets)
$6,935,000Top 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 |
|---|---|---|---|---|---|
| WICHITA, KS (FHA|USDA|VA) | 71 | $4,815,000 | $67,817 | $471 | 5.92% |
| Winfield, KS (FHA|USDA|VA) | 9 | $1,025,000 | $113,889 | $892 | 5.57% |
| Outside of Metro Areas | 4 | $470,000 | $117,500 | $2,508 | 5.78% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $1,833 | 6.00% |
| Hutchinson, KS (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $0 | 6.00% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.13% |
| Branson, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.13% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $6,935,000 | $76,209 | $789 | 5.87% |
For 2019, The Stock Exchange Bank's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 52 | $4,080,000 | $78,462 | $1,012 | 5.93% |
| Refi | 27 | $2,145,000 | $79,444 | $651 | 5.77% |
| Cash Out Refi | 12 | $710,000 | $59,167 | $210 | 5.84% |
For 2019, The Stock Exchange Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
For 2019, The Stock Exchange Bank's most frequently cited loan duration was 3 Year, with 50 originations. The 2nd most popular length was Other, with 22 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 16 | $1,450,000 | $90,625 |
The Stock Exchange Bank's average total fees were $1,310, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 89 | $6,575,000 | $73,876 |
| 4-5% | 2 | $360,000 | $180,000 |
During 2019, The Stock Exchange Bank's average interest rate for loans was 5.76%, while their most frequently originated rate bucket for loans was 5-6%, with 89 originations.
Loan Sizing
2019 saw The Stock Exchange Bank place emphasis on $100,000 or less loans with 73 originations, totaling $4,125,000 in origination value.
Applicant Income
The Stock Exchange Bank lent most frequently to those with incomes in the $75k-100k range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
The Stock Exchange Bank lent most frequently to those with DTI ratios of 20-30%, with 7 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
The Stock Exchange 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 origination91.21%
The Stock Exchange Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 91 | $6,935,000 | $76,209 |