Leighton State Bank Mortgage Rates, Fees & Info

Pella, IA

LEI: 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

99

Origination Dollar Volume (All Markets)

$14,025,000

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
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%
Leighton State Bank's top markets include Pella, Des Moines, Oskaloosa, Ottumwa, and Davenport among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $8,975,000 $163,182 $0 0.00%
    Refi 29 $4,445,000 $153,276 $0 0.00%
    Other 10 $460,000 $46,000 $0 0.00%
    Home Improvement 5 $145,000 $29,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,320,000 $50,435 $0 0.00%
    $200k-400k 30 $7,980,000 $266,000 $0 0.00%
    $100k-200k 21 $2,845,000 $135,476 $0 0.00%
    $400k-600k 2 $880,000 $440,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 29 $2,755,000 $95,000 $0 0.00%
    $100k-150k 21 $3,675,000 $175,000 $0 0.00%
    $150k-250k 14 $2,870,000 $205,000 $0 0.00%
    $75k-100k 11 $1,765,000 $160,455 $0 0.00%
    $50k or less 10 $560,000 $56,000 $0 0.00%
    $250k+ 3 $765,000 $255,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $10,835,000 $137,152 $0 0.00%
    Not applicable 11 $1,635,000 $148,636 $0 0.00%
    Not provided 8 $1,190,000 $148,750 $0 0.00%
    Asian 1 $365,000 $365,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

    Leighton State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Leighton State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $14,025,000 $141,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $14,025,000 $141,667