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
  • Complaints
  • 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 Refi loans. Stockgrowers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Lawrence, Ottawa, Manhattan, and Pittsburg among others. We have data for 5 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. Stockgrowers State Bank 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.

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    Originations

    35

    Origination Dollar Volume (All Markets)

    $4,685,000

    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) 27 $3,295,000 $122,037 $1,749 6.02%
    LAWRENCE, KS (FHA|USDA|VA) 3 $875,000 $291,667 $2,079 5.33%
    Ottawa, KS (FHA|USDA|VA) 2 $280,000 $140,000 $1,975 5.58%
    MANHATTAN, KS (FHA|USDA|VA) 2 $170,000 $85,000 $0 6.20%
    Pittsburg, KS (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
    Stockgrowers State Bank's top markets include Topeka, Lawrence, Ottawa, Manhattan, and Pittsburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 35 $4,685,000 $133,857 $1,799 5.95%

    For 2018, Stockgrowers State Bank's most frequently originated type of loan was Conventional, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $1,965,000 $131,000 $1,974 5.91%
    Refi 15 $2,565,000 $171,000 $1,623 5.58%
    Home Improvement 4 $140,000 $35,000 $0 6.30%
    Other 1 $15,000 $15,000 $0 10.50%

    For 2018, Stockgrowers State Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 16 $2,030,000 $126,875 $2,028 6.08%
    20 Year 6 $980,000 $163,333 $1,465 5.83%
    30 Year 6 $1,140,000 $190,000 $1,638 5.13%
    15 Year 3 $285,000 $95,000 $1,498 5.46%
    10 Year 2 $80,000 $40,000 $0 6.35%
    30+ year 1 $155,000 $155,000 $2,956 5.50%
    5 Year 1 $15,000 $15,000 $0 10.50%

    For 2018, Stockgrowers State Bank's most frequently cited loan duration was Other, with 16 originations. The 2nd most popular length was 20 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 11 $1,405,000 $127,727
    $1k-2k 7 $1,025,000 $146,429

    Stockgrowers State Bank's average total fees were $1,638, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 11 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 19 $2,865,000 $150,789
    6-7% 10 $770,000 $77,000
    4-5% 4 $870,000 $217,500
    3-4% 1 $165,000 $165,000
    Over 8% 1 $15,000 $15,000

    During 2018, Stockgrowers State Bank's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 5-6%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $850,000 $53,125 $1,378 6.43%
    $100k-200k 14 $2,200,000 $157,143 $2,246 5.67%
    $200k-400k 4 $1,090,000 $272,500 $1,299 5.16%
    $400k-600k 1 $545,000 $545,000 $0 5.25%

    2018 saw Stockgrowers State Bank place emphasis on $100,000 or less loans with 16 originations, totaling $850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 8 $1,260,000 $157,500 $1,527 5.25%
    $50k or less 7 $605,000 $86,429 $1,995 6.69%
    $75k-100k 7 $965,000 $137,857 $2,182 5.97%
    $50k-75k 4 $340,000 $85,000 $1,627 5.88%
    $150k-250k 2 $130,000 $65,000 $0 6.23%
    $250k+ 1 $545,000 $545,000 $0 5.25%

    Stockgrowers State Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5 $695,000 $139,000 $1,463 5.64%
    <20% 4 $480,000 $120,000 $1,589 5.66%
    30-36% 4 $480,000 $120,000 $2,291 5.98%
    38% 3 $315,000 $105,000 $2,527 7.40%
    39% 2 $310,000 $155,000 $1,381 4.38%
    40% 1 $125,000 $125,000 $2,565 6.25%
    41% 1 $135,000 $135,000 $0 5.95%
    42% 1 $75,000 $75,000 $1,446 5.75%

    Stockgrowers State Bank lent most frequently to those with DTI ratios of 20-30%, with 5 originations. The next most common DTI ratio? <20%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $3,850,000 $128,333 $1,799 5.93%
    Not applicable 5 $835,000 $167,000 $0 6.01%

    Approval Rates

    Total approvals of all applications
    92.31%

    Stockgrowers State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.14%

    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
    NA 35 $4,685,000 $133,857

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 35 $4,685,000 $133,857

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 5 $235,000 $47,000 $395 7.09%
    40-60% 5 $455,000 $91,000 $1,465 5.86%
    60-80% 11 $1,645,000 $149,545 $1,952 5.62%
    80-100% 12 $2,310,000 $192,500 $1,919 5.73%
    Under 20% 2 $40,000 $20,000 $0 6.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    South Carolina State Housing Finance and Development Authority Conventional home mortgage Struggling to pay mortgage 2 100.0%