State Bank Of The Lakes Mortgage Rates, Fees & Info
Rosemont, ILLEI: 549300KX2KT8MOAS5Q71
Tax ID: 36-1818210
Latest/2023 | 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, Los Angeles, Phoenix, Kalispell, and Riverside among others. We have data for 29 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
108Origination Dollar Volume (All Markets)
$56,330,000Top 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) | 59 | $28,805,000 | $488,220 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $5,890,000 | $981,667 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $3,230,000 | $807,500 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $3,050,000 | $508,333 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 3 | $1,375,000 | $458,333 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 3 | $1,335,000 | $445,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $0 | 0.00% |
| MADISON, WI (FHA|USDA|VA) | 2 | $990,000 | $495,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $0 | 0.00% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| MODESTO, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 108 | $56,330,000 | $521,574 | $0 | 0.00% |
For 2022, State Bank Of The Lakes's most frequently originated type of loan was Conventional, with 108 originations.
Loan Reason
For 2022, State Bank Of The Lakes's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 108 | $56,330,000 | $521,574 | $0 | 0.00% |
For 2022, State Bank Of The Lakes's most frequently cited loan duration was Other, with 108 originations.
Loan Sizing
2022 saw State Bank Of The Lakes place emphasis on $200k-400k loans with 35 originations, totaling $10,175,000 in origination value.
Applicant Income
State Bank Of The Lakes lent most frequently to those with incomes in the $250k+ range, with 24 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% | 108 | $56,330,000 | $521,574 | $0 | 0.00% |
State Bank Of The Lakes lent most frequently to those with DTI ratios of Exempt%, with 108 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.16%
State Bank Of The Lakes has an average approval rate.
Pick Rate
Approvals leading to origination84.26%
State Bank Of The Lakes has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 108 | $56,330,000 | $521,574 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Statebridge Company | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |