State Bank & Trust Company Mortgage Rates, Fees & Info
Golden Meadow, LALEI: 549300O9LSS2ZBG6YY12
Tax ID: 72-0449829
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Mortgage Data
Review & Overview
State Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. State Bank & Trust Company has a high proportion of conventional loans. Their top (well, only) market is Houma.State Bank & Trust Company 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
30Origination Dollar Volume (All Markets)
$3,990,000Top 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 |
|---|---|---|---|---|---|
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 30 | $3,990,000 | $133,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $3,990,000 | $133,000 | $0 | 0.00% |
For 2023, State Bank & Trust Company's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 17 | $2,075,000 | $122,059 | $0 | 0.00% |
| Home Purchase | 9 | $1,545,000 | $171,667 | $0 | 0.00% |
| Other | 4 | $370,000 | $92,500 | $0 | 0.00% |
For 2023, State Bank & Trust Company's most frequently cited loan purpose was Refi, with 17 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $3,990,000 | $133,000 | $0 | 0.00% |
For 2023, State Bank & Trust Company's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2023 saw State Bank & Trust Company place emphasis on $100k-200k loans with 18 originations, totaling $2,570,000 in origination value.
Applicant Income
State Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $3,990,000 | $133,000 | $0 | 0.00% |
State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.59%
State Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination83.33%
State Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 30 | $3,990,000 | $133,000 |