State Bank Financial Mortgage Rates, Fees & Info
LA CROSSE, WILEI: 549300H8LM6VPYEHWU46
Tax ID: 39-1920972
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Mortgage Data
Review & Overview
State Bank Financial is a smaller bank specializing in Refi and Home Purchase loans. State Bank Financial has a high proportion of conventional loans. Their top markets by origination volume include: La Crosse, Minneapolis, Tampa, Phoenix, and Wisconsin Rapids among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank Financial has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
55Origination Dollar Volume (All Markets)
$22,315,000Top 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) | 33 | $14,835,000 | $449,545 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $4,985,000 | $453,182 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 5 | $735,000 | $147,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Winona, MN (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $22,315,000 | $405,727 | $0 | 0.00% |
For 2019, State Bank Financial's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2019, State Bank Financial's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $22,315,000 | $405,727 | $0 | 0.00% |
For 2019, State Bank Financial's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2019 saw State Bank Financial place emphasis on $100k-200k loans with 16 originations, totaling $2,250,000 in origination value.
Applicant Income
State Bank Financial lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $22,315,000 | $405,727 | $0 | 0.00% |
State Bank Financial lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 26 | $15,790,000 | $607,308 | $0 | 0.00% |
| White | 29 | $6,525,000 | $225,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications84.00%
State Bank Financial has a below average approval rate.
Pick Rate
Approvals leading to origination87.27%
State Bank Financial has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $22,315,000 | $405,727 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STATE FARM BANK, FSB | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 16.7% |
| STATE FARM BANK, FSB | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 8.3% |
| STATE FARM BANK, FSB | Conventional home mortgage | Struggling to pay mortgage | 1 | 8.3% |
| STATE FARM BANK, FSB | Conventional home mortgage | Trouble during payment process | 5 | 41.7% |
| STATE FARM BANK, FSB | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 16.7% |
| STATE FARM BANK, FSB | VA mortgage | Trouble during payment process | 1 | 8.3% |