State Bank Oftoulon Mortgage Rates, Fees & Info
Kewanee, ILLEI: 5493005OG185XV8M8N52
Tax ID: 36-1818500
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
State Bank Oftoulon is a smaller bank specializing in Home Purchase loans. State Bank Oftoulon has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Peoria, Ottawa, Galesburg, and Sterling among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank Oftoulon 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
88Origination Dollar Volume (All Markets)
$5,790,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 59 | $3,435,000 | $58,220 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 19 | $1,385,000 | $72,895 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 6 | $520,000 | $86,667 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $5,790,000 | $65,795 | $0 | 0.00% |
For 2023, State Bank Oftoulon's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2023, State Bank Oftoulon's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 88 | $5,790,000 | $65,795 | $0 | 0.00% |
For 2023, State Bank Oftoulon's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2023 saw State Bank Oftoulon place emphasis on $100,000 or less loans with 71 originations, totaling $3,375,000 in origination value.
Applicant Income
State Bank Oftoulon lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 88 | $5,790,000 | $65,795 | $0 | 0.00% |
State Bank Oftoulon lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 85 | $5,645,000 | $66,412 | $0 | 0.00% |
| Not applicable | 3 | $145,000 | $48,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.77%
State Bank Oftoulon has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.73%
State Bank Oftoulon has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 88 | $5,790,000 | $65,795 |