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, Tucson, and Flagstaff among others. We have data for 21 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
493Origination Dollar Volume (All Markets)
$128,975,000Top 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) | 239 | $53,695,000 | $224,665 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 179 | $52,555,000 | $293,603 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 47 | $14,455,000 | $307,553 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $1,955,000 | $651,667 | $0 | 0.00% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $0 | 0.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 0.00% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $0 | 0.00% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Payson, AZ (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| Show Low, AZ (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
For 2019, State Bank Of Arizona's most frequently originated type of loan was Conventional, with 426 originations. Their 2nd most popular type was VA, with 29 originations.
Loan Reason
For 2019, State Bank Of Arizona's most frequently cited loan purpose was Home Purchase, with 294 originations. The 2nd most popular reason was Cash Out Refi, with 104 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 493 | $128,975,000 | $261,613 | $0 | 0.00% |
For 2019, State Bank Of Arizona's most frequently cited loan duration was Other, with 493 originations.
Loan Sizing
2019 saw State Bank Of Arizona place emphasis on $200k-400k loans with 221 originations, totaling $60,925,000 in origination value.
Applicant Income
State Bank Of Arizona lent most frequently to those with incomes in the $50k-75k range, with 110 originations. The second most popular income band? $100k-150k, with 97 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 493 | $128,975,000 | $261,613 | $0 | 0.00% |
State Bank Of Arizona lent most frequently to those with DTI ratios of Exempt%, with 493 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.82%
State Bank Of Arizona has an average approval rate.
Pick Rate
Approvals leading to origination82.56%
State Bank Of Arizona has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 493 | $128,975,000 | $261,613 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STATE FARM BANK, FSB | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 16.7% |
| STATE FARM BANK, FSB | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 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 | 5 | 41.7% |
| STATE FARM BANK, FSB | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 16.7% |
| STATE FARM BANK, FSB | VA mortgage | Trouble during payment process | 1 | 8.3% |