Washington State Bank Mortgage Rates, Fees & Info
Washington, ILLEI: 5493005FO541ADHSMJ24
Tax ID: 37-0636365
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Mortgage Data
Review & Overview
Washington State Bank is a smaller bank specializing in Home Purchase and Refi loans. Washington State Bank has a high proportion of conventional loans. Their top (well, only) market is Peoria.Washington 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.
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Originations
30Origination Dollar Volume (All Markets)
$3,060,000Top 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 |
|---|---|---|---|---|---|
| PEORIA, IL (FHA|USDA|VA) | 30 | $3,060,000 | $102,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $3,060,000 | $102,000 | $0 | 0.00% |
For 2019, Washington State Bank's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 12 | $1,350,000 | $112,500 | $0 | 0.00% |
| Refi | 10 | $1,400,000 | $140,000 | $0 | 0.00% |
| Other | 8 | $310,000 | $38,750 | $0 | 0.00% |
For 2019, Washington State Bank's most frequently cited loan purpose was Home Purchase, with 12 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $3,060,000 | $102,000 | $0 | 0.00% |
For 2019, Washington State Bank's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2019 saw Washington State Bank place emphasis on $100,000 or less loans with 16 originations, totaling $790,000 in origination value.
Applicant Income
Washington State Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $3,060,000 | $102,000 | $0 | 0.00% |
Washington State Bank lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $2,655,000 | $106,200 | $0 | 0.00% |
| Not applicable | 5 | $405,000 | $81,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.43%
Washington State Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.33%
Washington State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 30 | $3,060,000 | $102,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 30 | $3,060,000 | $102,000 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| WASHINGTON FEDERAL BANK, NATIONAL ASSOCIATION | Other type of mortgage | Trouble during payment process | 1 | 20.0% |