Spring Hill State Bank Mortgage Rates, Fees & Info
Longview, TXLEI: 549300K31SPZG5JQ7275
Tax ID: 75-1522822
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Mortgage Data
Review & Overview
Spring Hill State Bank is a smaller bank specializing in Home Purchase loans. Spring Hill State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Longview, Tyler, Dallas, Oklahoma City, and Mount Pleasant among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Spring Hill 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
93Origination Dollar Volume (All Markets)
$14,555,000Top 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 |
|---|---|---|---|---|---|
| LONGVIEW, TX (FHA|USDA|VA) | 81 | $12,235,000 | $151,049 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $610,000 | $152,500 | $0 | 0.00% |
| TYLER, TX (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Palestine, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 93 | $14,555,000 | $156,505 | $0 | 0.00% |
For 2023, Spring Hill State Bank's most frequently originated type of loan was Conventional, with 93 originations.
Loan Reason
For 2023, Spring Hill State Bank's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Home Improvement, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 93 | $14,555,000 | $156,505 | $0 | 0.00% |
For 2023, Spring Hill State Bank's most frequently cited loan duration was Other, with 93 originations.
Loan Sizing
2023 saw Spring Hill State Bank place emphasis on $100,000 or less loans with 40 originations, totaling $2,600,000 in origination value.
Applicant Income
Spring Hill State Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 93 | $14,555,000 | $156,505 | $0 | 0.00% |
Spring Hill State Bank lent most frequently to those with DTI ratios of Exempt%, with 93 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.08%
Spring Hill State Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.12%
Spring Hill State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 93 | $14,555,000 | $156,505 |