State Bank Of Cross Plains Mortgage Rates, Fees & Info
Cross Plains, WILEI: 549300DZ25WXQZZ57J48
Tax ID: 39-0634040
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.40% | 12/4/24 |
30 Year Conventional Refi | 6.20% | 12/4/24 |
30 Year Cash-out Refi | 6.43% | 12/4/24 |
15 Year Conventional Purchase | 5.81% | 12/4/24 |
15 Year Conventional Refi | 5.72% | 12/4/24 |
15 Year Cash-out Refi | 5.72% | 12/4/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
276Origination Dollar Volume (All Markets)
$255,350,000State Bank of Cross Plains - 2023
State Bank of Cross Plains is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
Similarity Rank: 44
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Similarity Rank: 270
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications95.56%
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 origination75.36%
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 |