State Bank Financial Mortgage Rates, Fees & Info

LA CROSSE, WI

LEI: 549300H8LM6VPYEHWU46

Tax ID: 39-1920972

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Mortgage Data

Review & Overview

State Bank Financial is a smaller bank specializing in Home Purchase loans. State Bank Financial has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Baraboo, Rochester, Wisconsin Rapids, and Wausau among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

State Bank Financial 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.

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Originations

78

Origination Dollar Volume (All Markets)

$19,390,000

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
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 40 $10,900,000 $272,500 $0 0.00%
Outside of Metro Areas 19 $4,425,000 $232,895 $0 0.00%
Baraboo, WI (FHA|USDA|VA) 1 $875,000 $875,000 $0 0.00%
ROCHESTER, MN (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 4 $440,000 $110,000 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 4 $400,000 $100,000 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Platteville, WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Winona, MN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
GREEN BAY, WI (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
State Bank Financial's top markets include La Crosse, Baraboo, Rochester, Wisconsin Rapids, and Wausau among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $19,390,000 $248,590 $0 0.00%

    For 2023, State Bank Financial's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $16,175,000 $274,153 $0 0.00%
    Cash Out Refi 9 $1,615,000 $179,444 $0 0.00%
    Refi 6 $670,000 $111,667 $0 0.00%
    Home Improvement 2 $120,000 $60,000 $0 0.00%
    Other 2 $810,000 $405,000 $0 0.00%

    For 2023, State Bank Financial's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $19,390,000 $248,590 $0 0.00%

    For 2023, State Bank Financial's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $8,125,000 $300,926 $0 0.00%
    $100k-200k 25 $3,355,000 $134,200 $0 0.00%
    $100,000 or less 14 $870,000 $62,143 $0 0.00%
    $400k-600k 8 $3,580,000 $447,500 $0 0.00%
    $600k-1MM 3 $2,355,000 $785,000 $0 0.00%
    $1MM+ 1 $1,105,000 $1,105,000 $0 0.00%

    2023 saw State Bank Financial place emphasis on $200k-400k loans with 27 originations, totaling $8,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $4,275,000 $328,846 $0 0.00%
    $100k-150k 12 $3,620,000 $301,667 $0 0.00%
    $50k or less 11 $1,085,000 $98,636 $0 0.00%
    $50k-75k 10 $1,310,000 $131,000 $0 0.00%
    $250k+ 8 $3,980,000 $497,500 $0 0.00%
    $75k-100k 5 $855,000 $171,000 $0 0.00%

    State Bank Financial lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $19,390,000 $248,590 $0 0.00%

    State Bank Financial lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $15,430,000 $248,871 $0 0.00%
    Not applicable 15 $3,545,000 $236,333 $0 0.00%
    Asian 1 $415,000 $415,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.55%

    State Bank Financial 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
    92.31%

    State Bank Financial has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $19,390,000 $248,590

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    78 $19,390,000 $248,590