State Bank Of Cross Plains Mortgage Rates, Fees & Info

Cross Plains, WI

LEI: 549300DZ25WXQZZ57J48

Tax ID: 39-0634040

5 stars - Updated: 2/19/24 - out of 5 stars, based on 19 reviews

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

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Mortgage Data

Review & Overview

State Bank Of Cross Plains is a smaller bank specializing in Home Purchase and Refi loans. State Bank Of Cross Plains has a high proportion of conventional loans. Their top markets by origination volume include: Madison, Janesville, Platteville, Watertown, and Baraboo among others. We have data for 18 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 about average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.40% 2/19/24
30 Year Conventional Refi 6.20% 2/19/24
30 Year Cash-out Refi 6.43% 2/19/24
15 Year Conventional Purchase 5.81% 2/19/24
15 Year Conventional Refi 5.72% 2/19/24
15 Year Cash-out Refi 5.72% 2/19/24
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

378

Origination Dollar Volume (All Markets)

$264,600,000
Show all (8) awards

Relative Rate

State Bank Of Cross Plains's average 30 year fixed mortgage rate was 4.22%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.54%.

Relative Fees (Closing Costs)

State Bank Of Cross Plains's average total fees/closing costs for a 30 year fixed rate mortgage were $2,772.

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 $4,750.

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) 263 $180,325,000 $685,646 $2,680 4.01%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 54 $44,330,000 $820,926 $2,005 4.69%
Platteville, WI (FHA|USDA|VA) 5 $10,385,000 $2,077,000 $1,427 4.47%
Outside of Metro Areas 19 $7,115,000 $374,474 $2,459 4.05%
Watertown-Fort Atkinson, WI (FHA|USDA|VA) 3 $6,845,000 $2,281,667 $3,823 4.97%
Baraboo, WI (FHA|USDA|VA) 11 $4,965,000 $451,364 $2,378 4.53%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 8 $3,460,000 $432,500 $3,076 4.33%
FOND DU LAC, WI (FHA|USDA|VA) 1 $3,395,000 $3,395,000 $0 6.25%
Beaver Dam, WI (FHA|USDA|VA) 4 $1,100,000 $275,000 $2,361 3.03%
Steamboat Springs, CO (FHA|USDA|VA) 1 $675,000 $675,000 $0 3.93%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $600,000 $300,000 $3,165 4.68%
Marinette, WI-MI (FHA|USDA|VA) 1 $385,000 $385,000 $2,126 3.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $3,492 5.88%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $2,372 2.38%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $165,000 $165,000 $1,466 2.75%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $145,000 $145,000 $1,481 2.38%
RACINE, WI (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.25%
Whitewater, WI (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.25%
State Bank Of Cross Plains's top markets include Madison, Janesville, Platteville, Watertown, and Baraboo among others.

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 378 $264,600,000 $700,000 $2,590 4.14%

    For 2022, State Bank Of Cross Plains's most frequently originated type of loan was Conventional, with 378 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 264 $159,820,000 $605,379 $2,905 4.30%
    Refi 48 $86,460,000 $1,801,250 $1,515 3.70%
    Cash Out Refi 47 $15,665,000 $333,298 $2,283 3.56%
    Other 12 $1,470,000 $122,500 $1,827 4.34%
    Home Improvement 7 $1,185,000 $169,286 $1,462 4.63%

    For 2022, State Bank Of Cross Plains's most frequently cited loan purpose was Home Purchase, with 264 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 273 $90,395,000 $331,117 $2,772 4.22%
    15 Year 46 $11,850,000 $257,609 $1,938 3.23%
    5 Year 23 $26,805,000 $1,165,435 $233 4.80%
    Other 12 $60,920,000 $5,076,667 $0 5.13%
    10 Year 9 $49,775,000 $5,530,556 $1,372 3.57%
    20 Year 8 $1,990,000 $248,750 $2,741 3.28%
    3 Year 5 $22,575,000 $4,515,000 $0 5.17%
    1 Year 2 $290,000 $145,000 $0 4.27%

    For 2022, State Bank Of Cross Plains's most frequently cited loan duration was 30 Year, with 273 originations. The 2nd most popular length was 15 Year, with 46 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 220 $70,670,000 $321,227
    $1k-2k 49 $15,415,000 $314,592
    $2k-3k 15 $6,355,000 $423,667
    $3k-4k 7 $3,205,000 $457,857
    $5k+ 7 $2,485,000 $355,000
    $4k-5k 2 $620,000 $310,000

    State Bank Of Cross Plains's average total fees were $2,772, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 220 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 125 $63,535,000 $508,280
    4-5% 98 $129,610,000 $1,322,551
    2.5-3% 55 $16,415,000 $298,455
    5-6% 49 $34,025,000 $694,388
    6-7% 27 $16,685,000 $617,963
    <2.5% 21 $4,045,000 $192,619
    7-8% 3 $285,000 $95,000

    During 2022, State Bank Of Cross Plains's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 3-4%, with 125 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 160 $46,240,000 $289,000 $2,713 4.14%
    $100k-200k 85 $12,565,000 $147,824 $1,926 3.89%
    $400k-600k 54 $25,710,000 $476,111 $3,416 4.38%
    $100,000 or less 34 $2,390,000 $70,294 $1,228 4.62%
    $600k-1MM 26 $17,910,000 $688,846 $2,793 3.64%
    $1MM+ 19 $159,785,000 $8,409,737 $3,213 4.43%

    2022 saw State Bank Of Cross Plains place emphasis on $200k-400k loans with 160 originations, totaling $46,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 91 $28,535,000 $313,571 $2,525 4.07%
    $150k-250k 63 $24,875,000 $394,841 $3,241 4.34%
    $50k-75k 56 $10,910,000 $194,821 $2,145 3.81%
    $75k-100k 50 $12,720,000 $254,400 $2,728 3.98%
    $250k+ 37 $22,475,000 $607,432 $2,704 3.76%
    $50k or less 25 $3,685,000 $147,400 $2,079 3.99%

    State Bank Of Cross Plains lent most frequently to those with incomes in the $100k-150k range, with 91 originations. The second most popular income band? $150k-250k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 78 $22,930,000 $293,974 $2,560 3.86%
    30-36% 58 $16,690,000 $287,759 $2,775 4.20%
    <20% 26 $6,500,000 $250,000 $2,308 3.88%
    40% 20 $7,090,000 $354,500 $1,963 3.74%
    43% 20 $5,410,000 $270,500 $2,837 3.99%
    39% 16 $5,390,000 $336,875 $3,061 4.77%
    42% 12 $3,950,000 $329,167 $1,933 3.91%
    37% 12 $2,400,000 $200,000 $2,328 4.13%
    41% 12 $4,360,000 $363,333 $3,291 4.38%
    47% 11 $4,195,000 $381,364 $2,551 4.25%
    36% 9 $2,645,000 $293,889 $2,457 3.86%
    44% 9 $2,805,000 $311,667 $2,618 4.53%
    38% 9 $4,065,000 $451,667 $2,530 3.63%
    49% 9 $3,165,000 $351,667 $2,584 3.35%
    50-60% 7 $3,305,000 $472,143 $2,867 3.38%
    46% 6 $3,380,000 $563,333 $3,238 4.23%
    45% 5 $1,395,000 $279,000 $2,384 4.33%
    48% 4 $1,680,000 $420,000 $2,327 4.56%
    >60% 3 $2,725,000 $908,333 $3,386 3.92%

    State Bank Of Cross Plains lent most frequently to those with DTI ratios of 20-30%, with 78 originations. The next most common DTI ratio? 30-36%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 49 $159,955,000 $3,264,388 $0 4.92%
    White 278 $83,950,000 $301,978 $2,503 4.00%
    Not provided 34 $12,320,000 $362,353 $2,828 4.16%
    Asian 8 $3,200,000 $400,000 $3,483 4.13%
    Asian Indian 4 $2,230,000 $557,500 $3,040 3.75%
    Black 4 $1,960,000 $490,000 $3,734 4.84%
    American Indian 1 $985,000 $985,000 $4,721 3.50%

    Approval Rates

    Total approvals of all applications
    92.91%

    State Bank Of Cross Plains has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.54%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 378 $264,600,000 $700,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    378 $264,600,000 $700,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $14,995,000 $365,732 $1,836 3.58%
    40-60% 64 $27,340,000 $427,188 $1,910 3.82%
    60-80% 154 $176,240,000 $1,144,416 $2,629 4.26%
    80-100% 107 $45,315,000 $423,505 $3,363 4.32%
    Under 20% 10 $570,000 $57,000 $893 4.73%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Statebridge Company Conventional home mortgage Closing on a mortgage 1 100.0%