First State Bank Mortgage Rates, Fees & Info
Buxton, NDLEI: 549300R8N9KVQUKVNJ71
Tax ID: 45-0134685
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Mortgage Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grand Forks, Fergus Falls, St. Louis, Green Bay, and Kansas City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank has an above average approval rate when compared to the average across all lenders.
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Originations
74Origination Dollar Volume (All Markets)
$17,370,000Top 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 |
|---|---|---|---|---|---|
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 53 | $12,855,000 | $242,547 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,920,000 | $192,000 | $0 | 0.00% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Bemidji, MN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $17,370,000 | $234,730 | $0 | 0.00% |
For 2023, First State Bank's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
For 2023, First State Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Home Improvement, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $17,370,000 | $234,730 | $0 | 0.00% |
For 2023, First State Bank's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2023 saw First State Bank place emphasis on $200k-400k loans with 30 originations, totaling $8,260,000 in origination value.
Applicant Income
First State Bank lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $17,370,000 | $234,730 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
First State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $17,370,000 | $234,730 |