Laona State Bank Mortgage Rates, Fees & Info
Laona, WILEI: 549300ICVSTMS2XFXX81
Tax ID: 39-0420510
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Laona State Bank is a smaller bank specializing in Home Purchase and Refi loans. Laona State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Green Bay, Marinette, Iron Mountain, and Milwaukee among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Laona State Bank has an above 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
123Origination Dollar Volume (All Markets)
$15,665,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 72 | $8,740,000 | $121,389 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 39 | $5,645,000 | $144,744 | $0 | 0.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $0 | 0.00% |
| Iron Mountain, MI-WI (FHA|USDA|VA) | 6 | $580,000 | $96,667 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 123 | $15,665,000 | $127,358 | $0 | 0.00% |
For 2022, Laona State Bank's most frequently originated type of loan was Conventional, with 123 originations.
Loan Reason
For 2022, Laona State Bank's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 123 | $15,665,000 | $127,358 | $0 | 0.00% |
For 2022, Laona State Bank's most frequently cited loan duration was Other, with 123 originations.
Loan Sizing
2022 saw Laona State Bank place emphasis on $100,000 or less loans with 65 originations, totaling $3,605,000 in origination value.
Applicant Income
Laona State Bank lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 123 | $15,665,000 | $127,358 | $0 | 0.00% |
Laona State Bank lent most frequently to those with DTI ratios of Exempt%, with 123 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.15%
Laona State Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.43%
Laona State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 123 | $15,665,000 | $127,358 |