State Bank Of De Kalb Mortgage Rates, Fees & Info
Bowie, TXLEI: 549300L6SV1WXLO6BB96
Tax ID: 75-0583697
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.49% | 4/14/24 |
| 30 Year Conventional Refi | 6.44% | 4/14/24 |
| 30 Year Cash-out Refi | 6.86% | 4/14/24 |
| 30 Year FHA Purchase | 6.90% | 4/14/24 |
| 30 Year FHA Refi | 6.36% | 4/14/24 |
| 30 Year VA Purchase | 5.81% | 4/14/24 |
| 30 Year USDA Purchase | 7.37% | 4/14/24 |
| 15 Year Conventional Purchase | 7.46% | 4/14/24 |
| 15 Year Conventional Refi | 6.29% | 4/14/24 |
| 15 Year Cash-out Refi | 6.29% | 4/14/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
159Origination Dollar Volume (All Markets)
$30,245,000Awards
State Bank of De Kalb - 2023
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For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications94.51%
State Bank Of De Kalb has an average approval rate.
Pick Rate
Approvals leading to origination91.82%
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 |