State Bank & Trust Company Mortgage Rates, Fees & Info

Golden Meadow, LA

LEI: 549300O9LSS2ZBG6YY12

Tax ID: 72-0449829

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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 two markets are Houma and New Orleans .

    State Bank & Trust Company has an 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

    27

    Origination Dollar Volume (All Markets)

    $2,945,000

    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
    HOUMA-THIBODAUX, LA (FHA|USDA|VA) 23 $1,915,000 $83,261 $0 0.00%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $1,030,000 $257,500 $0 0.00%
    State Bank & Trust Company's top markets include Houma and New Orleans among others.

    Their top states include:
  • Louisiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 27 $2,945,000 $109,074 $0 0.00%

    For 2018, State Bank & Trust Company's most frequently originated type of loan was Conventional, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 12 $1,710,000 $142,500 $0 0.00%
    Home Purchase 10 $970,000 $97,000 $0 0.00%
    Other 3 $155,000 $51,667 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    For 2018, State Bank & Trust Company's most frequently cited loan purpose was Refi, with 12 originations. The 2nd most popular reason was Home Purchase, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 27 $2,945,000 $109,074 $0 0.00%

    For 2018, State Bank & Trust Company's most frequently cited loan duration was Other, with 27 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 14 $660,000 $47,143 $0 0.00%
    $100k-200k 12 $1,600,000 $133,333 $0 0.00%
    $600k-1MM 1 $685,000 $685,000 $0 0.00%

    2018 saw State Bank & Trust Company place emphasis on $100,000 or less loans with 14 originations, totaling $660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 8 $560,000 $70,000 $0 0.00%
    $100k-150k 4 $340,000 $85,000 $0 0.00%
    $150k-250k 3 $365,000 $121,667 $0 0.00%
    $50k or less 3 $315,000 $105,000 $0 0.00%
    $50k-75k 2 $80,000 $40,000 $0 0.00%

    State Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 27 $2,945,000 $109,074 $0 0.00%

    State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 19 $1,615,000 $85,000 $0 0.00%
    Not applicable 7 $1,285,000 $183,571 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.57%

    State Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.19%

    State Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 27 $2,945,000 $109,074

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $140,000 $70,000
    Single Family (1-4 Units):Site-Built 25 $2,805,000 $112,200

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Statebridge Company Conventional home mortgage Closing on a mortgage 2 3.2%
    Statebridge Company Conventional home mortgage Struggling to pay mortgage 9 14.5%
    Statebridge Company Conventional home mortgage Trouble during payment process 38 61.3%
    Statebridge Company FHA mortgage Incorrect information on your report 1 1.6%
    Statebridge Company FHA mortgage Trouble during payment process 6 9.7%
    Statebridge Company Other type of mortgage Trouble during payment process 4 6.5%
    Statebridge Company VA mortgage Trouble during payment process 2 3.2%