Washington State Bank Mortgage Rates, Fees & Info
Washington, IALEI: 549300L5PI87OOVHD857
Tax ID: 42-0586885
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 loans. Washington State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Iowa City, Fairfield, Pella, Des Moines, and Oskaloosa among others. We have data for 14 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 an above average pick rate when compared to similar lenders.
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Originations
317Origination Dollar Volume (All Markets)
$49,375,000Top 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 |
|---|---|---|---|---|---|
| IOWA CITY, IA (FHA|USDA|VA) | 103 | $14,735,000 | $143,058 | $0 | 0.00% |
| Fairfield, IA (FHA|USDA|VA) | 69 | $9,515,000 | $137,899 | $0 | 0.00% |
| Pella, IA (FHA|USDA|VA) | 29 | $7,185,000 | $247,759 | $0 | 0.00% |
| Outside of Metro Areas | 51 | $6,425,000 | $125,980 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 17 | $3,355,000 | $197,353 | $0 | 0.00% |
| Oskaloosa, IA (FHA|USDA|VA) | 22 | $3,050,000 | $138,636 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 7 | $2,895,000 | $413,571 | $0 | 0.00% |
| Ottumwa, IA (FHA|USDA|VA) | 10 | $810,000 | $81,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Marinette, WI-MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 317 | $49,375,000 | $155,757 | $0 | 0.00% |
For 2022, Washington State Bank's most frequently originated type of loan was Conventional, with 317 originations.
Loan Reason
For 2022, Washington State Bank's most frequently cited loan purpose was Home Purchase, with 211 originations. The 2nd most popular reason was Cash Out Refi, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 317 | $49,375,000 | $155,757 | $0 | 0.00% |
For 2022, Washington State Bank's most frequently cited loan duration was Other, with 317 originations.
Loan Sizing
2022 saw Washington State Bank place emphasis on $100k-200k loans with 131 originations, totaling $18,425,000 in origination value.
Applicant Income
Washington State Bank lent most frequently to those with incomes in the $50k or less range, with 73 originations. The second most popular income band? $50k-75k, with 70 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 317 | $49,375,000 | $155,757 | $0 | 0.00% |
Washington State Bank lent most frequently to those with DTI ratios of Exempt%, with 317 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.17%
Washington State Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.06%
Washington State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 317 | $49,375,000 | $155,757 |