State Bank Of Bement Mortgage Rates, Fees & Info
Bement, ILLEI: 549300XPRIVI6I4YR959
Tax ID: 37-0532600
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
State Bank Of Bement is a smaller bank specializing in Home Purchase and Refi loans. State Bank Of Bement has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Dayton, Decatur, and Danville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)State Bank Of Bement 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
27Origination Dollar Volume (All Markets)
$3,675,000Top 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 |
|---|---|---|---|---|---|
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 20 | $2,710,000 | $135,500 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $340,000 | $170,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $3,675,000 | $136,111 | $0 | 0.00% |
For 2024, State Bank Of Bement's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2024, State Bank Of Bement's most frequently cited loan purpose was Home Purchase, with 13 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $3,675,000 | $136,111 | $0 | 0.00% |
For 2024, State Bank Of Bement's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2024 saw State Bank Of Bement place emphasis on $100,000 or less loans with 16 originations, totaling $1,120,000 in origination value.
Applicant Income
State Bank Of Bement lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $100k-150k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $3,675,000 | $136,111 | $0 | 0.00% |
State Bank Of Bement lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $3,255,000 | $130,200 | $0 | 0.00% |
| Filipino | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Not provided | 1 | $85,000 | $85,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
State Bank Of Bement has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.19%
State Bank Of Bement has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $3,675,000 | $136,111 |