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

Jump to:

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 loans. Stockgrowers State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Kansas City, Wichita, Lawrence, and Manhattan among others. We have data for 7 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.

    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.


    Originations

    37

    Origination Dollar Volume (All Markets)

    $5,455,000

    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) 28 $3,730,000 $133,214 $1,849 5.79%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $750,000 $375,000 $3,337 4.63%
    Outside of Metro Areas 2 $450,000 $225,000 $2,671 4.88%
    WICHITA, KS (FHA|USDA|VA) 1 $215,000 $215,000 $2,094 4.00%
    LAWRENCE, KS (FHA|USDA|VA) 1 $155,000 $155,000 $1,738 3.63%
    MANHATTAN, KS (FHA|USDA|VA) 2 $80,000 $40,000 $841 6.20%
    Pittsburg, KS (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.25%
    Stockgrowers State Bank's top markets include Topeka, Kansas City, Wichita, Lawrence, and Manhattan 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 37 $5,455,000 $147,432 $1,993 5.61%

    For 2019, Stockgrowers State Bank's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $3,960,000 $165,000 $2,231 5.56%
    Cash Out Refi 7 $715,000 $102,143 $1,686 5.47%
    Home Improvement 3 $435,000 $145,000 $1,655 6.23%
    Refi 3 $345,000 $115,000 $1,282 5.72%

    For 2019, Stockgrowers State Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 18 $3,240,000 $180,000 $2,572 6.01%
    20 Year 7 $695,000 $99,286 $1,778 5.75%
    30 Year 7 $1,065,000 $152,143 $1,719 4.34%
    15 Year 5 $455,000 $91,000 $1,233 5.73%

    For 2019, Stockgrowers State Bank's most frequently cited loan duration was Other, with 18 originations. The 2nd most popular length was 20 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 18 $2,050,000 $113,889
    $1k-2k 5 $715,000 $143,000
    $2k-3k 2 $560,000 $280,000
    $3k-4k 1 $645,000 $645,000

    Stockgrowers State Bank's average total fees were $1,719, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 18 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 16 $2,340,000 $146,250
    5-6% 12 $1,910,000 $159,167
    3-4% 6 $850,000 $141,667
    4-5% 3 $355,000 $118,333

    During 2019, Stockgrowers State Bank's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 6-7%, with 16 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,475,000 $145,588 $1,795 5.50%
    $100,000 or less 12 $700,000 $58,333 $1,511 5.78%
    $200k-400k 7 $1,635,000 $233,571 $2,879 5.64%
    $600k-1MM 1 $645,000 $645,000 $4,887 5.25%

    2019 saw Stockgrowers State Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $895,000 $99,444 $1,409 5.86%
    $50k or less 8 $640,000 $80,000 $1,663 5.24%
    $100k-150k 6 $990,000 $165,000 $2,190 5.49%
    $75k-100k 5 $895,000 $179,000 $2,717 5.75%
    $250k+ 2 $850,000 $425,000 $3,318 5.63%
    $150k-250k 1 $145,000 $145,000 $1,342 3.50%

    Stockgrowers State Bank lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 7 $865,000 $123,571 $1,347 5.26%
    20-30% 5 $545,000 $109,000 $1,657 5.18%
    37% 4 $470,000 $117,500 $2,022 5.47%
    30-36% 3 $495,000 $165,000 $2,488 5.42%
    45% 2 $340,000 $170,000 $1,573 6.35%
    39% 2 $400,000 $200,000 $3,417 6.25%
    40% 2 $720,000 $360,000 $3,453 5.88%
    42% 2 $230,000 $115,000 $1,623 4.00%
    36% 1 $125,000 $125,000 $2,108 7.00%
    41% 1 $55,000 $55,000 $0 5.95%

    Stockgrowers State Bank lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $4,270,000 $142,333 $2,019 5.59%
    Not applicable 6 $1,040,000 $173,333 $0 6.08%
    Asian 1 $145,000 $145,000 $1,342 3.50%

    Approval Rates

    Total approvals of all applications
    92.68%

    Stockgrowers State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.30%

    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 37 $5,455,000 $147,432

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $185,000 $185,000
    Single Family (1-4 Units):Manufactured 2 $70,000 $35,000
    Single Family (1-4 Units):Site-Built 34 $5,200,000 $152,941

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $195,000 $65,000 $496 5.97%
    40-60% 7 $725,000 $103,571 $2,046 5.68%
    60-80% 17 $2,975,000 $175,000 $2,401 5.55%
    80-100% 10 $1,560,000 $156,000 $1,775 5.55%