Laona State Bank Mortgage Rates, Fees & Info

Laona, WI

LEI: 549300ICVSTMS2XFXX81

Tax ID: 39-0420510

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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

123

Origination Dollar Volume (All Markets)

$15,665,000

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
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%
Laona State Bank's top markets include Green Bay, Marinette, Iron Mountain, and Milwaukee among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $10,735,000 $160,224 $0 0.00%
    Refi 35 $3,375,000 $96,429 $0 0.00%
    Other 14 $980,000 $70,000 $0 0.00%
    Home Improvement 7 $575,000 $82,143 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,605,000 $55,462 $0 0.00%
    $100k-200k 35 $5,105,000 $145,857 $0 0.00%
    $200k-400k 20 $5,510,000 $275,500 $0 0.00%
    $400k-600k 3 $1,445,000 $481,667 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 33 $1,975,000 $59,848 $0 0.00%
    $75k-100k 22 $3,150,000 $143,182 $0 0.00%
    $50k-75k 20 $2,060,000 $103,000 $0 0.00%
    $100k-150k 16 $2,820,000 $176,250 $0 0.00%
    $150k-250k 15 $2,915,000 $194,333 $0 0.00%
    $250k+ 10 $1,810,000 $181,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $14,190,000 $131,389 $0 0.00%
    Not applicable 5 $725,000 $145,000 $0 0.00%
    American Indian 5 $475,000 $95,000 $0 0.00%
    Black 2 $150,000 $75,000 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%
    Native Hawaiian or Islander 2 $20,000 $10,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.15%

    Laona State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.43%

    Laona State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 123 $15,665,000 $127,358

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    123 $15,665,000 $127,358