German American State Bank Mortgage Rates, Fees & Info
German Valley, ILLEI: 549300ZTG888WY6L8M95
Tax ID: 36-1129490
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Mortgage Data
Review & Overview
German American State Bank is a smaller bank specializing in Refi and Home Purchase loans. German American State Bank has a high proportion of conventional loans. Their top (well, only) market is Rockford.German American State Bank 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
36Origination Dollar Volume (All Markets)
$2,770,000Top 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 |
|---|---|---|---|---|---|
| ROCKFORD, IL (FHA|USDA|VA) | 22 | $1,450,000 | $65,909 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $1,320,000 | $94,286 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 36 | $2,770,000 | $76,944 | $0 | 0.00% |
For 2019, German American State Bank's most frequently originated type of loan was Conventional, with 36 originations.
Loan Reason
For 2019, German American State Bank's most frequently cited loan purpose was Refi, with 18 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 36 | $2,770,000 | $76,944 | $0 | 0.00% |
For 2019, German American State Bank's most frequently cited loan duration was Other, with 36 originations.
Loan Sizing
2019 saw German American State Bank place emphasis on $100,000 or less loans with 30 originations, totaling $1,640,000 in origination value.
Applicant Income
German American State Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 36 | $2,770,000 | $76,944 | $0 | 0.00% |
German American State Bank lent most frequently to those with DTI ratios of Exempt%, with 36 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 33 | $2,265,000 | $68,636 | $0 | 0.00% |
| Not applicable | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Black | 1 | $45,000 | $45,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.02%
German American State Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.89%
German American State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 36 | $2,770,000 | $76,944 |