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 markets by origination volume include: Houma, New Orleans, and Baton Rouge among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank & Trust Company 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
44Origination Dollar Volume (All Markets)
$6,770,000Top 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) | 36 | $5,040,000 | $140,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 7 | $1,555,000 | $222,143 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $6,770,000 | $153,864 | $0 | 0.00% |
For 2019, State Bank & Trust Company's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2019, State Bank & Trust Company's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $6,770,000 | $153,864 | $0 | 0.00% |
For 2019, State Bank & Trust Company's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2019 saw State Bank & Trust Company place emphasis on $100,000 or less loans with 17 originations, totaling $985,000 in origination value.
Applicant Income
State Bank & Trust Company lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $6,770,000 | $153,864 | $0 | 0.00% |
State Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.38%
State Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination93.18%
State Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $6,770,000 | $153,864 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Statebridge Company | Conventional home mortgage | Closing on a mortgage | 3 | 4.8% |
| Statebridge Company | Conventional home mortgage | Incorrect information on your report | 1 | 1.6% |
| Statebridge Company | Conventional home mortgage | Struggling to pay mortgage | 7 | 11.3% |
| Statebridge Company | Conventional home mortgage | Trouble during payment process | 34 | 54.8% |
| Statebridge Company | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 3.2% |
| Statebridge Company | FHA mortgage | Closing on a mortgage | 1 | 1.6% |
| Statebridge Company | FHA mortgage | Incorrect information on your report | 1 | 1.6% |
| Statebridge Company | FHA mortgage | Struggling to pay mortgage | 2 | 3.2% |
| Statebridge Company | FHA mortgage | Trouble during payment process | 4 | 6.5% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 1.6% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 1.6% |
| Statebridge Company | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 3.2% |
| Statebridge Company | Other type of mortgage | Closing on a mortgage | 2 | 3.2% |
| Statebridge Company | Other type of mortgage | Trouble during payment process | 1 | 1.6% |