Stockgrowers State Bank Mortgage Rates, Fees & Info

Alma, KS

LEI: 549300GE25F2CW7RV063

Tax ID: 48-0439020

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Stockgrowers State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Stockgrowers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Pittsburg, Manhattan, and Kansas City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Stockgrowers State 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.

    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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    Originations

    59

    Origination Dollar Volume (All Markets)

    $10,135,000

    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
    TOPEKA, KS (FHA|USDA|VA) 32 $6,630,000 $207,188 $0 0.00%
    Pittsburg, KS (FHA|USDA|VA) 23 $2,615,000 $113,696 $0 0.00%
    MANHATTAN, KS (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $435,000 $145,000 $0 0.00%
    Stockgrowers State Bank's top markets include Topeka, Pittsburg, Manhattan, and Kansas City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $10,135,000 $171,780 $0 0.00%

    For 2023, Stockgrowers State Bank's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 29 $6,185,000 $213,276 $0 0.00%
    Cash Out Refi 19 $2,725,000 $143,421 $0 0.00%
    Home Improvement 7 $435,000 $62,143 $0 0.00%
    Other 2 $150,000 $75,000 $0 0.00%
    Refi 2 $640,000 $320,000 $0 0.00%

    For 2023, Stockgrowers State Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $10,135,000 $171,780 $0 0.00%

    For 2023, Stockgrowers State Bank's most frequently cited loan duration was Other, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 26 $3,770,000 $145,000 $0 0.00%
    $100,000 or less 17 $1,125,000 $66,176 $0 0.00%
    $200k-400k 13 $3,845,000 $295,769 $0 0.00%
    $400k-600k 3 $1,395,000 $465,000 $0 0.00%

    2023 saw Stockgrowers State Bank place emphasis on $100k-200k loans with 26 originations, totaling $3,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $935,000 $133,571 $0 0.00%
    $50k-75k 4 $580,000 $145,000 $0 0.00%
    $50k or less 3 $95,000 $31,667 $0 0.00%
    $150k-250k 2 $910,000 $455,000 $0 0.00%
    $250k+ 2 $600,000 $300,000 $0 0.00%
    $75k-100k 2 $350,000 $175,000 $0 0.00%

    Stockgrowers State Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k-75k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 59 $10,135,000 $171,780 $0 0.00%

    Stockgrowers State Bank lent most frequently to those with DTI ratios of Exempt%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 39 $6,665,000 $170,897 $0 0.00%
    White 18 $3,000,000 $166,667 $0 0.00%
    Black 2 $470,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.39%

    Stockgrowers State 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 origination
    96.61%

    Stockgrowers State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 59 $10,135,000 $171,780

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    59 $10,135,000 $171,780