Ipava State Bank Mortgage Rates, Fees & Info
Ipava, ILLEI: 5493005QZNPGRQNTRB15
Tax ID: 37-0348120
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ipava State Bank is a smaller bank specializing in Home Purchase loans. Ipava State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Peoria, North Port, Cape Coral, St. Louis, and Galesburg among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Ipava State Bank has an 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
67Origination Dollar Volume (All Markets)
$10,395,000Top 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) | 55 | $6,485,000 | $117,909 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $2,515,000 | $503,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Galesburg, IL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Macomb, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 67 | $10,395,000 | $155,149 | $0 | 0.00% |
For 2023, Ipava State Bank's most frequently originated type of loan was Conventional, with 67 originations.
Loan Reason
For 2023, Ipava State Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Home Improvement, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 67 | $10,395,000 | $155,149 | $0 | 0.00% |
For 2023, Ipava State Bank's most frequently cited loan duration was Other, with 67 originations.
Loan Sizing
2023 saw Ipava State Bank place emphasis on $100,000 or less loans with 38 originations, totaling $1,640,000 in origination value.
Applicant Income
Ipava State Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 67 | $10,395,000 | $155,149 | $0 | 0.00% |
Ipava State Bank lent most frequently to those with DTI ratios of Exempt%, with 67 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.61%
Ipava State Bank has an average approval rate.
Pick Rate
Approvals leading to origination97.01%
Ipava State Bank 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 | 67 | $10,395,000 | $155,149 |