The Halstead Bank Mortgage Rates, Fees & Info

Halstead, KS

LEI: 549300XPYR4FPCKYRF48

Tax ID: 48-0249420

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Mortgage Data

Review & Overview

The Halstead Bank is a smaller bank specializing in Home Purchase loans. The Halstead Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wichita, Kansas City, and Hutchinson among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Halstead Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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Originations

62

Origination Dollar Volume (All Markets)

$9,600,000

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
WICHITA, KS (FHA|USDA|VA) 55 $8,405,000 $152,818 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
Outside of Metro Areas 3 $525,000 $175,000 $0 0.00%
Hutchinson, KS (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
The Halstead Bank's top markets include Wichita, Kansas City, and Hutchinson among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Halstead Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PANHANDLE FEDERAL CREDIT UNION
    Similarity Rank: 6
    HOME BANK AND TRUST COMPANY
    Similarity Rank: 60
    GOLDEN PLAINS
    Similarity Rank: 176
    Intrust Bank
    Similarity Rank: 315
    MID AMERICAN
    Similarity Rank: 341
    Emprise Bank
    Similarity Rank: 361
    Wichita Federal Credit Union
    Similarity Rank: 413
    MERITRUST Federal Credit Union
    Similarity Rank: 494
    Members Mortgage Services, L.L.C.
    Similarity Rank: 551
    CREDIT UNION OF AMERICA
    Similarity Rank: 768

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $9,600,000 $154,839 $0 0.00%

    For 2023, The Halstead Bank's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 39 $7,155,000 $183,462 $0 0.00%
    Cash Out Refi 9 $1,055,000 $117,222 $0 0.00%
    Refi 7 $785,000 $112,143 $0 0.00%
    Other 6 $570,000 $95,000 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%

    For 2023, The Halstead Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 62 $9,600,000 $154,839 $0 0.00%

    For 2023, The Halstead Bank's most frequently cited loan duration was Other, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,640,000 $58,571 $0 0.00%
    $200k-400k 18 $4,820,000 $267,778 $0 0.00%
    $100k-200k 13 $1,855,000 $142,692 $0 0.00%
    $400k-600k 3 $1,285,000 $428,333 $0 0.00%

    2023 saw The Halstead Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $2,600,000 $162,500 $0 0.00%
    $50k-75k 12 $1,700,000 $141,667 $0 0.00%
    $150k-250k 10 $1,990,000 $199,000 $0 0.00%
    $250k+ 3 $685,000 $228,333 $0 0.00%
    $50k or less 2 $220,000 $110,000 $0 0.00%
    $75k-100k 2 $110,000 $55,000 $0 0.00%

    The Halstead Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $9,600,000 $154,839 $0 0.00%

    The Halstead Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $7,035,000 $163,605 $0 0.00%
    Not applicable 16 $2,290,000 $143,125 $0 0.00%
    Black 2 $200,000 $100,000 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    The Halstead Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.32%

    The Halstead Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 62 $9,600,000 $154,839

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    62 $9,600,000 $154,839