Washington State Bank Mortgage Rates, Fees & Info
Washington, LALEI: 549300KNRT5UGNCSXM31
Tax ID: 72-0347070
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Washington State Bank is a smaller bank specializing in Home Purchase and Refi loans. Washington State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lafayette, Hammond, Baton Rouge, Opelousas, and Monroe among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Washington 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
47Origination Dollar Volume (All Markets)
$6,715,000Top 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 |
|---|---|---|---|---|---|
| LAFAYETTE, LA (FHA|USDA|VA) | 13 | $1,735,000 | $133,462 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 1 | $1,385,000 | $1,385,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 13 | $955,000 | $73,462 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $820,000 | $68,333 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $6,715,000 | $142,872 | $0 | 0.00% |
For 2023, Washington State Bank's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 31 | $4,565,000 | $147,258 | $0 | 0.00% |
| Refi | 12 | $1,970,000 | $164,167 | $0 | 0.00% |
| Home Improvement | 4 | $180,000 | $45,000 | $0 | 0.00% |
For 2023, Washington State Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $6,715,000 | $142,872 | $0 | 0.00% |
For 2023, Washington State Bank's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2023 saw Washington State Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,445,000 in origination value.
Applicant Income
Washington State Bank lent most frequently to those with incomes in the $50k or less range, with 8 originations. The second most popular income band? $75k-100k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $6,715,000 | $142,872 | $0 | 0.00% |
Washington State Bank lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.36%
Washington 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 origination74.47%
Washington State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 47 | $6,715,000 | $142,872 |