Sidney State Bank Mortgage Rates, Fees & Info
Sidney Township, MILEI: 549300JH6IWUYV8WYT95
Tax ID: 38-1428856
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Mortgage Data
Review & Overview
Sidney State Bank is a smaller bank specializing in Refi and Home Purchase loans. Sidney State Bank has a high proportion of conventional loans. Their top two markets are Grand Rapids and Alma .Sidney State Bank 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
116Origination Dollar Volume (All Markets)
$14,820,000Top 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 |
|---|---|---|---|---|---|
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 112 | $14,510,000 | $129,554 | $0 | 0.00% |
| Alma, MI (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 116 | $14,820,000 | $127,759 | $0 | 0.00% |
For 2022, Sidney State Bank's most frequently originated type of loan was Conventional, with 116 originations.
Loan Reason
For 2022, Sidney State Bank's most frequently cited loan purpose was Refi, with 75 originations. The 2nd most popular reason was Home Purchase, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 116 | $14,820,000 | $127,759 | $0 | 0.00% |
For 2022, Sidney State Bank's most frequently cited loan duration was Other, with 116 originations.
Loan Sizing
2022 saw Sidney State Bank place emphasis on $100k-200k loans with 49 originations, totaling $6,575,000 in origination value.
Applicant Income
Sidney State Bank lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $50k or less, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 116 | $14,820,000 | $127,759 | $0 | 0.00% |
Sidney State Bank lent most frequently to those with DTI ratios of Exempt%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.21%
Sidney State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.38%
Sidney State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 116 | $14,820,000 | $127,759 |