State Bank Of Downs Mortgage Rates, Fees & Info

Englewood, CO

LEI: 5493007NM6T1Q8VZWI14

Tax ID: 48-0435810

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    State Bank Of Downs is a smaller bank specializing in Home Purchase loans. State Bank Of Downs has a high proportion of conventional loans. Their top two markets are Denver and Salina .

    State Bank Of Downs has an average approval rate when compared to the average across all lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    29

    Origination Dollar Volume (All Markets)

    $4,595,000

    Top 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
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $4,000,000 $400,000 $0 0.00%
    Outside of Metro Areas 18 $560,000 $31,111 $0 0.00%
    Salina, KS (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    State Bank Of Downs's top markets include Denver and Salina among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $4,595,000 $158,448 $0 0.00%

    For 2018, State Bank Of Downs's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 13 $3,695,000 $284,231 $0 0.00%
    Refi 11 $775,000 $70,455 $0 0.00%
    Cash Out Refi 4 $120,000 $30,000 $0 0.00%
    Home Improvement 1 $5,000 $5,000 $0 0.00%

    For 2018, State Bank Of Downs's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 29 $4,595,000 $158,448 $0 0.00%

    For 2018, State Bank Of Downs's most frequently cited loan duration was Other, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $480,000 $26,667 $0 0.00%
    $200k-400k 6 $1,860,000 $310,000 $0 0.00%
    $100k-200k 2 $270,000 $135,000 $0 0.00%
    $400k-600k 2 $980,000 $490,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2018 saw State Bank Of Downs place emphasis on $100,000 or less loans with 18 originations, totaling $480,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 8 $350,000 $43,750 $0 0.00%
    $50k or less 6 $90,000 $15,000 $0 0.00%
    $150k-250k 3 $575,000 $191,667 $0 0.00%
    $75k-100k 3 $745,000 $248,333 $0 0.00%
    $100k-150k 2 $90,000 $45,000 $0 0.00%
    $250k+ 2 $470,000 $235,000 $0 0.00%

    State Bank Of Downs lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 29 $4,595,000 $158,448 $0 0.00%

    State Bank Of Downs lent most frequently to those with DTI ratios of Exempt%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 24 $2,320,000 $96,667 $0 0.00%
    Not applicable 5 $2,275,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.88%

    State Bank Of Downs has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 29 $4,595,000 $158,448

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $5,000 $5,000
    Single Family (1-4 Units):Manufactured 1 $15,000 $15,000
    Single Family (1-4 Units):Site-Built 27 $4,575,000 $169,444

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    STATE FARM BANK, FSB Conventional home mortgage Closing on a mortgage 1 8.3%
    STATE FARM BANK, FSB Conventional home mortgage Struggling to pay mortgage 1 8.3%
    STATE FARM BANK, FSB Conventional home mortgage Trouble during payment process 6 50.0%
    STATE FARM BANK, FSB Home equity loan or line of credit (HELOC) Trouble during payment process 2 16.7%
    STATE FARM BANK, FSB Other type of mortgage Trouble during payment process 2 16.7%