State Bank Of The Lakes Mortgage Rates, Fees & Info
Rosemont, ILLEI: 549300KX2KT8MOAS5Q71
Tax ID: 36-1818210
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
State Bank Of The Lakes is a smaller bank specializing in Home Purchase and Refi loans. State Bank Of The Lakes has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, San Francisco, Los Angeles, San Jose, and Riverside among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank Of The Lakes 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
75Origination Dollar Volume (All Markets)
$68,645,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 28 | $13,910,000 | $496,786 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 8 | $10,670,000 | $1,333,750 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $10,360,000 | $1,295,000 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 8 | $9,800,000 | $1,225,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $3,290,000 | $1,645,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 3 | $2,795,000 | $931,667 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $2,460,000 | $1,230,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $2,200,000 | $1,100,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,610,000 | $805,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $1,355,000 | $1,355,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $1,335,000 | $1,335,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $1,145,000 | $1,145,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $1,125,000 | $1,125,000 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $1,025,000 | $1,025,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| Holland, MI (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 75 | $68,645,000 | $915,267 | $0 | 0.00% |
For 2024, State Bank Of The Lakes's most frequently originated type of loan was Conventional, with 75 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 50 | $46,510,000 | $930,200 | $0 | 0.00% |
| Refi | 21 | $19,625,000 | $934,524 | $0 | 0.00% |
| Cash Out Refi | 4 | $2,510,000 | $627,500 | $0 | 0.00% |
For 2024, State Bank Of The Lakes's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 75 | $68,645,000 | $915,267 | $0 | 0.00% |
For 2024, State Bank Of The Lakes's most frequently cited loan duration was Other, with 75 originations.
Loan Sizing
2024 saw State Bank Of The Lakes place emphasis on $1MM+ loans with 33 originations, totaling $45,835,000 in origination value.
Applicant Income
State Bank Of The Lakes lent most frequently to those with incomes in the $250k+ range, with 45 originations. The second most popular income band? $150k-250k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 75 | $68,645,000 | $915,267 | $0 | 0.00% |
State Bank Of The Lakes lent most frequently to those with DTI ratios of Exempt%, with 75 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.40%
State Bank Of The Lakes has an average approval rate.
Pick Rate
Approvals leading to origination86.67%
State Bank Of The Lakes has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 75 | $68,645,000 | $915,267 |