State Bank Of Arizona Mortgage Rates, Fees & Info
LAKE HAVASU CITY, AZLEI: 549300VFIGHH55ACJQ39
Tax ID: 86-0665529
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Mortgage Data
Review & Overview
State Bank Of Arizona is a smaller bank specializing in Home Purchase loans. State Bank Of Arizona has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Lake Havasu City, Prescott Valley, Phoenix, Flagstaff, and Show Low among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank Of Arizona 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
345Origination Dollar Volume (All Markets)
$100,695,000Top 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 |
---|---|---|---|---|---|
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 190 | $53,130,000 | $279,632 | $0 | 0.00% |
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 123 | $33,525,000 | $272,561 | $0 | 0.00% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 19 | $11,135,000 | $586,053 | $0 | 0.00% |
FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $0 | 0.00% |
Show Low, AZ (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
Outside of Metro Areas | 2 | $230,000 | $115,000 | $0 | 0.00% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
GREAT FALLS, MT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
MODESTO, CA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
TUCSON, AZ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
For 2018, State Bank Of Arizona's most frequently originated type of loan was Conventional, with 297 originations. Their 2nd most popular type was FHA, with 23 originations.
Loan Reason
For 2018, State Bank Of Arizona's most frequently cited loan purpose was Home Purchase, with 270 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 345 | $100,695,000 | $291,870 | $0 | 0.00% |
For 2018, State Bank Of Arizona's most frequently cited loan duration was Other, with 345 originations.
Loan Sizing
2018 saw State Bank Of Arizona place emphasis on $200k-400k loans with 164 originations, totaling $46,970,000 in origination value.
Applicant Income
State Bank Of Arizona lent most frequently to those with incomes in the $50k-75k range, with 76 originations. The second most popular income band? $50k or less, with 64 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 345 | $100,695,000 | $291,870 | $0 | 0.00% |
State Bank Of Arizona lent most frequently to those with DTI ratios of Exempt%, with 345 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.33%
State Bank Of Arizona has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination84.06%
State Bank Of Arizona has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 345 | $100,695,000 | $291,870 |
Occupancy Type Mix
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
STATE FARM BANK, FSB | Conventional home mortgage | Closing on a mortgage | 1 | 8.3% |
STATE FARM BANK, FSB | Conventional home mortgage | Struggling to pay mortgage | 1 | 8.3% |
STATE FARM BANK, FSB | Conventional home mortgage | Trouble during payment process | 6 | 50.0% |
STATE FARM BANK, FSB | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 16.7% |
STATE FARM BANK, FSB | Other type of mortgage | Trouble during payment process | 2 | 16.7% |