State Bank Of Bement Mortgage Rates, Fees & Info
Bement, ILLEI: 549300XPRIVI6I4YR959
Tax ID: 37-0532600
Latest/2023 | 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 Refi loans. State Bank Of Bement has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Crestview, and Decatur among others. We have data for 4 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.
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Originations
25Origination Dollar Volume (All Markets)
$5,295,000Top 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) | 21 | $3,515,000 | $167,381 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,605,000 | $1,605,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $140,000 | $70,000 | $0 | 0.00% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 25 | $5,295,000 | $211,800 | $0 | 0.00% |
For 2023, State Bank Of Bement's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
For 2023, State Bank Of Bement's most frequently cited loan purpose was Refi, with 12 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 25 | $5,295,000 | $211,800 | $0 | 0.00% |
For 2023, State Bank Of Bement's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2023 saw State Bank Of Bement place emphasis on $100,000 or less loans with 14 originations, totaling $810,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 2 | $1,720,000 | $860,000 | $0 | 0.00% |
| $50k-75k | 1 | $105,000 | $105,000 | $0 | 0.00% |
| $50k or less | 1 | $75,000 | $75,000 | $0 | 0.00% |
State Bank Of Bement lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 25 | $5,295,000 | $211,800 | $0 | 0.00% |
State Bank Of Bement lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.59%
State Bank Of Bement has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 25 | $5,295,000 | $211,800 |