Marion State Bank Mortgage Rates, Fees & Info
Marion, LALEI: 549300CEGE3J950SQK51
Tax ID: 72-0252110
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Marion State Bank is a smaller bank specializing in Refi and Home Purchase loans. Marion State Bank has a high proportion of conventional loans. Their top (well, only) market is Monroe.Marion 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
188Origination Dollar Volume (All Markets)
$31,070,000Top 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 |
|---|---|---|---|---|---|
| MONROE, LA (FHA|USDA|VA) | 158 | $27,300,000 | $172,785 | $0 | 0.00% |
| Outside of Metro Areas | 30 | $3,770,000 | $125,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 188 | $31,070,000 | $165,266 | $0 | 0.00% |
For 2022, Marion State Bank's most frequently originated type of loan was Conventional, with 188 originations.
Loan Reason
For 2022, Marion State Bank's most frequently cited loan purpose was Refi, with 93 originations. The 2nd most popular reason was Home Purchase, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 188 | $31,070,000 | $165,266 | $0 | 0.00% |
For 2022, Marion State Bank's most frequently cited loan duration was Other, with 188 originations.
Loan Sizing
2022 saw Marion State Bank place emphasis on $100,000 or less loans with 108 originations, totaling $5,030,000 in origination value.
Applicant Income
Marion State Bank lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $100k-150k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 188 | $31,070,000 | $165,266 | $0 | 0.00% |
Marion State Bank lent most frequently to those with DTI ratios of Exempt%, with 188 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.68%
Marion State 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 origination92.02%
Marion State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 188 | $31,070,000 | $165,266 |