State Bank Of De Kalb Mortgage Rates, Fees & Info

Bowie, TX

LEI: 549300L6SV1WXLO6BB96

Tax ID: 75-0583697

5 stars - Updated: 5/26/24 - out of 5 stars, based on 13 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

State Bank Of De Kalb is a smaller bank specializing in Home Purchase and Refi loans. State Bank Of De Kalb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Texarkana, Dallas, Little Rock, Austin, and Hot Springs among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

State Bank Of De Kalb 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. State Bank Of De Kalb is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.49% 5/26/24
30 Year Conventional Refi 6.44% 5/26/24
30 Year Cash-out Refi 6.86% 5/26/24
30 Year FHA Purchase 6.90% 5/26/24
30 Year FHA Refi 6.36% 5/26/24
30 Year VA Purchase 5.81% 5/26/24
30 Year USDA Purchase 7.37% 5/26/24
15 Year Conventional Purchase 7.46% 5/26/24
15 Year Conventional Refi 6.29% 5/26/24
15 Year Cash-out Refi 6.29% 5/26/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

State Bank Of De Kalb Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from State Bank Of De Kalb. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

159

Origination Dollar Volume (All Markets)

$30,245,000

Awards

State Bank of De Kalb 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

State Bank Of De Kalb's average 30 year fixed mortgage rate was 6.36%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.12%.

Relative Fees (Closing Costs)

State Bank Of De Kalb's average total fees/closing costs for a 30 year fixed rate mortgage were $7,482.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
TEXARKANA, TX-AR (FHA|USDA|VA) 122 $22,450,000 $184,016 $5,071 7.82%
Outside of Metro Areas 26 $3,790,000 $145,769 $3,148 7.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,040,000 $520,000 $9,245 6.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $890,000 $445,000 $3,888 7.31%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $545,000 $545,000 $8,160 7.25%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $450,000 $225,000 $8,687 6.56%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $415,000 $415,000 $0 8.25%
Oxford, MS (FHA|USDA|VA) 1 $385,000 $385,000 $0 8.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $235,000 $235,000 $4,291 7.38%
Paris, TX (FHA|USDA|VA) 1 $45,000 $45,000 $1,069 8.95%
State Bank Of De Kalb's top markets include Texarkana, Dallas, Little Rock, Austin, and Hot Springs among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against State Bank of De Kalb based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    State Bank of De Kalb
    Similarity Rank: 120
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $26,115,000 $180,103 $4,230 7.99%
    FHA 7 $2,185,000 $312,143 $11,593 5.80%
    VA 6 $1,770,000 $295,000 $6,328 5.96%
    USDA 1 $175,000 $175,000 $8,394 6.25%

    For 2023, State Bank Of De Kalb's most frequently originated type of loan was Conventional, with 145 originations. Their 2nd most popular type was FHA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $20,485,000 $198,883 $5,946 7.68%
    Refi 25 $6,335,000 $253,400 $5,106 7.05%
    Cash Out Refi 23 $2,465,000 $107,174 $2,000 9.08%
    Home Improvement 8 $960,000 $120,000 $2,099 8.06%

    For 2023, State Bank Of De Kalb's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 46 $13,720,000 $298,261 $7,482 6.36%
    Other 34 $7,220,000 $212,353 $2,942 8.12%
    5 Year 26 $2,830,000 $108,846 $0 8.59%
    15 Year 25 $2,085,000 $83,400 $2,756 8.43%
    20 Year 12 $1,850,000 $154,167 $2,657 8.40%
    10 Year 9 $1,185,000 $131,667 $2,664 8.78%
    1 Year 4 $450,000 $112,500 $1,717 8.60%
    3 Year 3 $905,000 $301,667 $0 8.01%

    For 2023, State Bank Of De Kalb's most frequently cited loan duration was 30 Year, with 46 originations. The 2nd most popular length was Other, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 52 $8,860,000 $170,385
    $1k-2k 19 $6,565,000 $345,526
    $5k+ 16 $5,100,000 $318,750
    $2k-3k 7 $1,585,000 $226,429
    $3k-4k 3 $865,000 $288,333
    $4k-5k 1 $125,000 $125,000

    State Bank Of De Kalb's average total fees were $7,482, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 52 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 72 $7,650,000 $106,250
    7-8% 39 $8,425,000 $216,026
    5-6% 24 $6,800,000 $283,333
    6-7% 24 $7,370,000 $307,083

    During 2023, State Bank Of De Kalb's average interest rate for loans was 6.36%, while their most frequently originated rate bucket for loans was Over 8%, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,870,000 $62,419 $1,735 8.95%
    $200k-400k 47 $13,845,000 $294,574 $5,910 6.61%
    $100k-200k 37 $5,265,000 $142,297 $5,285 7.63%
    $400k-600k 8 $3,960,000 $495,000 $6,312 7.32%
    $600k-1MM 5 $3,305,000 $661,000 $9,871 6.90%

    2023 saw State Bank Of De Kalb place emphasis on $100,000 or less loans with 62 originations, totaling $3,870,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $6,535,000 $186,714 $5,114 7.62%
    $150k-250k 26 $7,890,000 $303,462 $5,669 6.94%
    $250k+ 25 $7,675,000 $307,000 $6,037 7.98%
    $50k-75k 19 $2,025,000 $106,579 $4,269 8.33%
    $75k-100k 17 $2,255,000 $132,647 $5,196 7.54%
    $50k or less 13 $1,155,000 $88,846 $2,546 8.01%

    State Bank Of De Kalb lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $150k-250k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 26 $5,790,000 $222,692 $4,764 7.47%
    20-30% 20 $3,910,000 $195,500 $5,435 7.63%
    <20% 18 $3,020,000 $167,778 $3,742 7.97%
    37% 10 $1,430,000 $143,000 $4,134 8.42%
    42% 6 $1,170,000 $195,000 $4,855 7.92%
    49% 6 $2,040,000 $340,000 $8,249 6.69%
    46% 5 $1,295,000 $259,000 $5,242 6.80%
    39% 5 $795,000 $159,000 $7,807 7.47%
    50-60% 5 $605,000 $121,000 $1,886 7.97%
    40% 4 $510,000 $127,500 $6,229 7.91%
    36% 4 $530,000 $132,500 $4,288 6.90%
    >60% 4 $750,000 $187,500 $1,254 7.81%
    38% 3 $645,000 $215,000 $3,099 8.70%
    45% 3 $845,000 $281,667 $2,953 8.38%
    47% 3 $915,000 $305,000 $8,160 7.13%
    48% 3 $1,215,000 $405,000 $7,093 7.33%
    44% 2 $220,000 $110,000 $3,069 7.88%
    41% 2 $1,060,000 $530,000 $8,852 6.38%
    43% 1 $75,000 $75,000 $2,536 8.95%

    State Bank Of De Kalb lent most frequently to those with DTI ratios of 30-36%, with 26 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 128 $26,770,000 $209,141 $4,883 7.69%
    Not applicable 23 $2,555,000 $111,087 $0 8.47%
    Asian 3 $395,000 $131,667 $5,618 7.16%
    Black 3 $275,000 $91,667 $0 8.21%
    American Indian 2 $250,000 $125,000 $8,394 7.88%

    Approval Rates

    Total approvals of all applications
    94.51%

    State Bank Of De Kalb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.82%

    State Bank Of De Kalb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 159 $30,245,000 $190,220

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    159 $30,245,000 $190,220

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $3,205,000 $118,704 $3,221 8.16%
    40-60% 19 $3,225,000 $169,737 $3,807 8.22%
    60-80% 43 $8,625,000 $200,581 $5,260 7.68%
    80-100% 61 $14,475,000 $237,295 $6,235 7.42%
    Under 20% 9 $715,000 $79,444 $1,790 9.10%