State Bank Of Bement Mortgage Rates, Fees & Info

Bement, IL

LEI: 549300XPRIVI6I4YR959

Tax ID: 37-0532600

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    State Bank Of Bement has an above average approval rate when compared to the average across all lenders.

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    Originations

    34

    Origination Dollar Volume (All Markets)

    $4,380,000

    Top 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
    Outside of Metro Areas 34 $4,380,000 $128,824 $0 0.00%
    State Bank Of Bement's top markets include

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $4,380,000 $128,824 $0 0.00%

    For 2018, State Bank Of Bement's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $1,935,000 $129,000 $0 0.00%
    Refi 11 $1,785,000 $162,273 $0 0.00%
    Cash Out Refi 6 $610,000 $101,667 $0 0.00%
    Home Improvement 2 $50,000 $25,000 $0 0.00%

    For 2018, State Bank Of Bement's most frequently cited loan purpose was Home Purchase, with 15 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 34 $4,380,000 $128,824 $0 0.00%

    For 2018, State Bank Of Bement's most frequently cited loan duration was Other, with 34 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $900,000 $50,000 $0 0.00%
    $100k-200k 10 $1,530,000 $153,000 $0 0.00%
    $200k-400k 5 $1,455,000 $291,000 $0 0.00%
    $400k-600k 1 $495,000 $495,000 $0 0.00%

    2018 saw State Bank Of Bement place emphasis on $100,000 or less loans with 18 originations, totaling $900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $505,000 $45,909 $0 0.00%
    $50k-75k 7 $995,000 $142,143 $0 0.00%
    $100k-150k 5 $1,165,000 $233,000 $0 0.00%
    $75k-100k 5 $335,000 $67,000 $0 0.00%
    $150k-250k 2 $270,000 $135,000 $0 0.00%
    $250k+ 1 $495,000 $495,000 $0 0.00%

    State Bank Of Bement lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 34 $4,380,000 $128,824 $0 0.00%

    State Bank Of Bement lent most frequently to those with DTI ratios of Exempt%, with 34 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 23 $3,205,000 $139,348 $0 0.00%
    Not provided 10 $980,000 $98,000 $0 0.00%
    Not applicable 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.89%

    State Bank Of Bement has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 34 $4,380,000 $128,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $155,000 $51,667
    Single Family (1-4 Units):Site-Built 31 $4,225,000 $136,290

    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%