Standing Stone Bank Mortgage Rates, Fees & Info
Lancaster, OHLEI: 549300TKQ160XK8DFP13
Tax ID: 31-1232089
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Mortgage Data
Review & Overview
Standing Stone Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Standing Stone Bank has a high proportion of conventional loans. Their top two markets are Columbus and Zanesville .Standing Stone Bank 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
72Origination Dollar Volume (All Markets)
$7,200,000Top 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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 71 | $7,175,000 | $101,056 | $0 | 0.00% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $7,200,000 | $100,000 | $0 | 0.00% |
For 2019, Standing Stone Bank's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2019, Standing Stone Bank's most frequently cited loan purpose was Home Improvement, with 17 originations. The 2nd most popular reason was Home Purchase, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $7,200,000 | $100,000 | $0 | 0.00% |
For 2019, Standing Stone Bank's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2019 saw Standing Stone Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,240,000 in origination value.
Applicant Income
Standing Stone Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $75k-100k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $7,200,000 | $100,000 | $0 | 0.00% |
Standing Stone Bank lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.76%
Standing Stone Bank has an average approval rate.
Pick Rate
Approvals leading to origination91.67%
Standing Stone Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $7,200,000 | $100,000 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STANDARD MORTGAGE CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| STANDARD MORTGAGE CORPORATION | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| STANDARD MORTGAGE CORPORATION | FHA mortgage | Trouble during payment process | 1 | 33.3% |