Leighton State Bank Mortgage Rates, Fees & Info
Pella, IALEI: 549300KDKLGZFAT7RD25
Tax ID: 42-0246810
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Mortgage Data
Review & Overview
Leighton State Bank is a smaller bank specializing in Home Purchase and Refi loans. Leighton State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pella, Des Moines, Oskaloosa, Ottumwa, and Davenport among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Leighton 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
99Origination Dollar Volume (All Markets)
$14,025,000Top 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 |
|---|---|---|---|---|---|
| Pella, IA (FHA|USDA|VA) | 49 | $8,615,000 | $175,816 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 21 | $2,465,000 | $117,381 | $0 | 0.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 19 | $2,095,000 | $110,263 | $0 | 0.00% |
| Ottumwa, IA (FHA|USDA|VA) | 5 | $555,000 | $111,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $220,000 | $55,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $14,025,000 | $141,667 | $0 | 0.00% |
For 2023, Leighton State Bank's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
For 2023, Leighton State Bank's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $14,025,000 | $141,667 | $0 | 0.00% |
For 2023, Leighton State Bank's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2023 saw Leighton State Bank place emphasis on $100,000 or less loans with 46 originations, totaling $2,320,000 in origination value.
Applicant Income
Leighton State Bank lent most frequently to those with incomes in the $50k-75k range, with 29 originations. The second most popular income band? $100k-150k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $14,025,000 | $141,667 | $0 | 0.00% |
Leighton State Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.48%
Leighton State Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
Leighton State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 99 | $14,025,000 | $141,667 |