Sterling Bank Mortgage Rates, Fees & Info
Poplar Bluff, MOLEI: 549300DNP4W96HB6LV07
Tax ID: 20-1513021
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Sterling Bank is a smaller bank specializing in Home Purchase and Refi loans. Sterling Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, St. Louis, Chicago, Poplar Bluff, and Little Rock among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Sterling 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
72Origination Dollar Volume (All Markets)
$32,770,000Top 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 |
|---|---|---|---|---|---|
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 10 | $11,990,000 | $1,199,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $3,705,000 | $3,705,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $3,595,000 | $1,198,333 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 21 | $3,365,000 | $160,238 | $0 | 0.00% |
| Outside of Metro Areas | 19 | $3,205,000 | $168,684 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| Atchison, KS (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| Kennett, MO (FHA|USDA|VA) | 5 | $285,000 | $57,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $32,770,000 | $455,139 | $0 | 0.00% |
For 2024, Sterling Bank's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2024, Sterling Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $32,770,000 | $455,139 | $0 | 0.00% |
For 2024, Sterling Bank's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2024 saw Sterling Bank place emphasis on $100,000 or less loans with 20 originations, totaling $1,050,000 in origination value.
Applicant Income
Sterling Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $32,770,000 | $455,139 | $0 | 0.00% |
Sterling Bank lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.34%
Sterling 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 origination90.28%
Sterling Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $32,770,000 | $455,139 |