State Bank Of Cross Plains Mortgage Rates, Fees & Info

Cross Plains, WI

LEI: 549300DZ25WXQZZ57J48

Tax ID: 39-0634040

5 stars - Updated: 12/16/24 - out of 5 stars, based on 17 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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 Cross Plains is a smaller bank specializing in Home Purchase loans. State Bank Of Cross Plains has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Eau Claire, Janesville, Milwaukee, and Baraboo among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    State Bank Of Cross Plains 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. State Bank Of Cross Plains is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.40% 12/16/24
    30 Year Conventional Refi 6.20% 12/16/24
    30 Year Cash-out Refi 6.43% 12/16/24
    15 Year Conventional Purchase 5.81% 12/16/24
    15 Year Conventional Refi 5.72% 12/16/24
    15 Year Cash-out Refi 5.72% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    State Bank Of Cross Plains Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from State Bank Of Cross Plains. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    276

    Origination Dollar Volume (All Markets)

    $255,350,000

    Awards

    State Bank of Cross Plains 30 Year Conventional Loans gold State Bank of Cross Plains 30 Year Conventional Loans silver State Bank of Cross Plains 30 Year Conventional Loans silver State Bank of Cross Plains 30 Year Conventional Loans gold
    Show all (4) awards

    Relative Rate

    State Bank Of Cross Plains's average 30 year fixed mortgage rate was 6.6%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.12%.

    Relative Fees (Closing Costs)

    State Bank Of Cross Plains's average total fees/closing costs for a 30 year fixed rate mortgage were $2,586.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

    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
    MADISON, WI (FHA|USDA|VA) 203 $195,585,000 $963,473 $2,320 6.71%
    EAU CLAIRE, WI (FHA|USDA|VA) 2 $40,750,000 $20,375,000 $2,903 5.89%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 26 $6,250,000 $240,385 $2,115 7.07%
    Outside of Metro Areas 16 $5,540,000 $346,250 $2,575 6.82%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 5 $1,975,000 $395,000 $2,531 6.43%
    Baraboo, WI (FHA|USDA|VA) 6 $1,100,000 $183,333 $2,347 6.81%
    Whitewater, WI (FHA|USDA|VA) 3 $1,075,000 $358,333 $634 6.69%
    FOND DU LAC, WI (FHA|USDA|VA) 4 $810,000 $202,500 $2,787 7.31%
    Beaver Dam, WI (FHA|USDA|VA) 2 $680,000 $340,000 $4,222 7.63%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $545,000 $181,667 $2,897 7.08%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $425,000 $141,667 $0 7.79%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 2 $370,000 $185,000 $0 7.61%
    Marinette, WI-MI (FHA|USDA|VA) 1 $245,000 $245,000 $2,611 6.88%
    State Bank Of Cross Plains's top markets include Madison, Eau Claire, Janesville, Milwaukee, and Baraboo among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against State Bank of Cross Plains based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    NORTHWESTERN MUTUAL
    Similarity Rank: 44
    Glacier Hills Credit Union
    Similarity Rank: 54
    National Exchange Bank and Trust
    Similarity Rank: 112
    First Community Credit Union
    Similarity Rank: 136
    Starion Bank
    Similarity Rank: 147
    Citizens Bank
    Similarity Rank: 192
    Empower Credit Union
    Similarity Rank: 203
    Bank of Sun Prairie
    Similarity Rank: 270
    PyraMax Bank, FSB
    Similarity Rank: 270
    Heartland Credit Union (Madison)
    Similarity Rank: 270

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 276 $255,350,000 $925,181 $2,330 6.78%

    For 2023, State Bank Of Cross Plains's most frequently originated type of loan was Conventional, with 276 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 212 $220,730,000 $1,041,179 $2,717 6.71%
    Refi 27 $28,125,000 $1,041,667 $1,147 7.22%
    Cash Out Refi 15 $4,505,000 $300,333 $1,686 6.50%
    Home Improvement 14 $1,340,000 $95,714 $263 7.13%
    Other 8 $650,000 $81,250 $451 7.06%

    For 2023, State Bank Of Cross Plains's most frequently cited loan purpose was Home Purchase, with 212 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 193 $69,295,000 $359,041 $2,586 6.60%
    5 Year 28 $85,010,000 $3,036,071 $207 7.41%
    10 Year 19 $9,385,000 $493,947 $276 7.19%
    Other 16 $83,800,000 $5,237,500 $2,532 6.88%
    15 Year 8 $3,740,000 $467,500 $2,248 6.56%
    1 Year 6 $2,230,000 $371,667 $0 8.08%
    20 Year 3 $1,015,000 $338,333 $1,520 6.46%
    3 Year 3 $875,000 $291,667 $0 7.46%

    For 2023, State Bank Of Cross Plains's most frequently cited loan duration was 30 Year, with 193 originations. The 2nd most popular length was 5 Year, with 28 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 201 $68,665,000 $341,617
    $1k-2k 5 $1,995,000 $399,000
    $2k-3k 2 $940,000 $470,000
    $3k-4k 2 $980,000 $490,000
    $4k-5k 2 $790,000 $395,000
    $5k+ 1 $295,000 $295,000

    State Bank Of Cross Plains's average total fees were $2,586, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 201 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 124 $96,380,000 $777,258
    7-8% 64 $49,530,000 $773,906
    5-6% 59 $86,865,000 $1,472,288
    Over 8% 27 $6,125,000 $226,852
    4-5% 2 $16,450,000 $8,225,000

    During 2023, State Bank Of Cross Plains's average interest rate for loans was 6.60%, while their most frequently originated rate bucket for loans was 6-7%, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 111 $32,785,000 $295,360 $2,756 6.75%
    $100k-200k 50 $7,610,000 $152,200 $1,959 6.96%
    $400k-600k 49 $23,205,000 $473,571 $2,705 6.68%
    $100,000 or less 31 $1,555,000 $50,161 $665 7.23%
    $600k-1MM 21 $16,045,000 $764,048 $2,453 6.49%
    $1MM+ 14 $174,150,000 $12,439,286 $2,030 6.10%

    2023 saw State Bank Of Cross Plains place emphasis on $200k-400k loans with 111 originations, totaling $32,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 59 $18,045,000 $305,847 $2,506 6.67%
    $150k-250k 57 $23,375,000 $410,088 $2,559 6.56%
    $250k+ 35 $21,345,000 $609,857 $2,370 6.50%
    $75k-100k 34 $7,780,000 $228,824 $2,399 6.60%
    $50k-75k 26 $4,360,000 $167,692 $1,699 6.72%
    $50k or less 15 $2,015,000 $134,333 $1,796 6.85%

    State Bank Of Cross Plains lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $150k-250k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 53 $15,615,000 $294,623 $2,200 6.65%
    30-36% 31 $9,685,000 $312,419 $2,363 6.69%
    <20% 19 $6,355,000 $334,474 $2,240 6.54%
    43% 13 $6,465,000 $497,308 $2,861 6.28%
    42% 12 $4,210,000 $350,833 $2,043 6.82%
    41% 11 $2,775,000 $252,273 $2,524 6.69%
    36% 11 $3,745,000 $340,455 $2,343 6.38%
    44% 10 $3,880,000 $388,000 $2,315 6.41%
    39% 10 $3,730,000 $373,000 $2,140 6.75%
    40% 9 $2,445,000 $271,667 $2,080 6.62%
    37% 8 $3,040,000 $380,000 $2,159 6.55%
    45% 7 $2,735,000 $390,714 $3,112 6.59%
    50-60% 7 $1,695,000 $242,143 $1,312 7.04%
    38% 6 $2,160,000 $360,000 $1,953 6.81%
    49% 5 $1,755,000 $351,000 $3,420 6.73%
    46% 5 $1,855,000 $371,000 $2,375 6.35%
    47% 4 $1,810,000 $452,500 $3,326 6.69%
    48% 4 $2,200,000 $550,000 $2,114 6.50%
    >60% 3 $1,085,000 $361,667 $1,572 7.13%

    State Bank Of Cross Plains lent most frequently to those with DTI ratios of 20-30%, with 53 originations. The next most common DTI ratio? 30-36%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 48 $178,110,000 $3,710,625 $0 7.50%
    White 188 $57,220,000 $304,362 $2,309 6.66%
    Not provided 26 $12,240,000 $470,769 $2,289 6.57%
    Asian 7 $3,565,000 $509,286 $2,859 6.29%
    Asian Indian 3 $2,615,000 $871,667 $1,844 5.88%
    Black 2 $770,000 $385,000 $3,271 6.31%
    Native Hawaiian or Islander 1 $465,000 $465,000 $3,258 6.50%
    Other Asian 1 $365,000 $365,000 $2,429 6.75%

    Approval Rates

    Total approvals of all applications
    95.56%

    State Bank Of Cross Plains has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    75.36%

    State Bank Of Cross Plains has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 276 $255,350,000 $925,181

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    276 $255,350,000 $925,181

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $5,770,000 $221,923 $1,428 6.64%
    40-60% 45 $16,425,000 $365,000 $1,913 6.66%
    60-80% 111 $150,015,000 $1,351,486 $2,618 6.72%
    80-100% 70 $81,880,000 $1,169,714 $3,290 6.82%
    Under 20% 24 $1,260,000 $52,500 $381 7.30%