First State Bank Mortgage Rates, Fees & Info
Stuart, IALEI: 549300J99UM25CTWNN58
Tax ID: 42-0620579
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Mortgage Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans. Their top (well, only) market is Des Moines.First State Bank 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
26Origination Dollar Volume (All Markets)
$3,590,000Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 22 | $3,030,000 | $137,727 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $560,000 | $140,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $3,590,000 | $138,077 | $0 | 0.00% |
For 2024, First State Bank's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
For 2024, First State Bank's most frequently cited loan purpose was Home Purchase, with 11 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $3,590,000 | $138,077 | $0 | 0.00% |
For 2024, First State Bank's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2024 saw First State Bank place emphasis on $100,000 or less loans with 15 originations, totaling $565,000 in origination value.
Applicant Income
First State Bank lent most frequently to those with incomes in the $100k-150k range, with 5 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $3,590,000 | $138,077 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 22 | $3,130,000 | $142,273 | $0 | 0.00% |
| Not applicable | 4 | $460,000 | $115,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications71.74%
First State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination73.08%
First State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $3,590,000 | $138,077 |