Stockmens Bank Mortgage Rates, Fees & Info

Colorado Springs, CO

LEI: 549300DV8S0IJF2QWL30

Tax ID: 47-0306960

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Mortgage Data

Review & Overview

Stockmens Bank is a smaller bank specializing in Home Purchase loans. Stockmens Bank has a high proportion of conventional loans. Their top markets by origination volume include: Colorado Springs, Springfield, Lebanon, West Plains, and Brookings among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Stockmens Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

84

Origination Dollar Volume (All Markets)

$15,840,000

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
Outside of Metro Areas 37 $5,545,000 $149,865 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 9 $4,545,000 $505,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 25 $3,315,000 $132,600 $0 0.00%
Lebanon, MO (FHA|USDA|VA) 3 $755,000 $251,667 $0 0.00%
West Plains, MO (FHA|USDA|VA) 3 $355,000 $118,333 $0 0.00%
Brookings, OR (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
MIDLAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
PUEBLO, CO (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Branson, MO (FHA|USDA|VA) 3 $195,000 $65,000 $0 0.00%
Stockmens Bank's top markets include Colorado Springs, Springfield, Lebanon, West Plains, and Brookings among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $15,840,000 $188,571 $0 0.00%

    For 2023, Stockmens Bank's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $12,230,000 $218,393 $0 0.00%
    Refi 16 $2,780,000 $173,750 $0 0.00%
    Home Improvement 9 $745,000 $82,778 $0 0.00%
    Other 3 $85,000 $28,333 $0 0.00%

    For 2023, Stockmens Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $15,840,000 $188,571 $0 0.00%

    For 2023, Stockmens Bank's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,765,000 $50,429 $0 0.00%
    $200k-400k 23 $6,515,000 $283,261 $0 0.00%
    $100k-200k 21 $3,025,000 $144,048 $0 0.00%
    $600k-1MM 3 $2,255,000 $751,667 $0 0.00%
    $1MM+ 1 $1,785,000 $1,785,000 $0 0.00%
    $400k-600k 1 $495,000 $495,000 $0 0.00%

    2023 saw Stockmens Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $1,200,000 $75,000 $0 0.00%
    $50k-75k 12 $1,080,000 $90,000 $0 0.00%
    $100k-150k 10 $1,360,000 $136,000 $0 0.00%
    $75k-100k 10 $1,650,000 $165,000 $0 0.00%
    $250k+ 9 $3,775,000 $419,444 $0 0.00%
    $150k-250k 8 $1,900,000 $237,500 $0 0.00%

    Stockmens Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $15,840,000 $188,571 $0 0.00%

    Stockmens Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $11,995,000 $179,030 $0 0.00%
    Not applicable 11 $2,825,000 $256,818 $0 0.00%
    Not provided 6 $1,020,000 $170,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.43%

    Stockmens Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.71%

    Stockmens Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $15,840,000 $188,571

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $15,840,000 $188,571