The State Bank And Trust Company Mortgage Rates, Fees & Info
Defiance, OHLEI: UBNR8NKAK8J9JL4NZF88
Tax ID: 34-4364150
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Mortgage Data
Review & Overview
The State Bank And Trust Company is a smaller bank specializing in Home Purchase loans. The State Bank And Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Indianapolis, Toledo, Defiance, and Lima among others. We have data for 63 markets. (Some data included below & more in-depth data is available with an active subscription.)The State Bank And Trust Company 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. The State Bank And Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.62% | 4/18/24 |
| 30 Year Conventional Purchase | 6.61% | 4/18/24 |
| 30 Year Conventional Refi | 6.51% | 4/18/24 |
| 30 Year Cash-out Refi | 6.60% | 4/18/24 |
| 30 Year FHA Purchase | 7.12% | 4/18/24 |
| 30 Year FHA Refi | 6.38% | 4/18/24 |
| 30 Year VA Purchase | 6.30% | 4/18/24 |
| 30 Year USDA Purchase | 6.66% | 4/18/24 |
| 15 Year Conventional Purchase | 5.65% | 4/18/24 |
| 15 Year Conventional Refi | 5.75% | 4/18/24 |
| 15 Year Cash-out Refi | 5.75% | 4/18/24 |
| 15 Year FHA Purchase | 5.68% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The State Bank And Trust Company Mortgage Calculator
Your Estimates
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This is not an official calculator from The State Bank And Trust Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,071Origination Dollar Volume (All Markets)
$253,195,000Awards
The State Bank and Trust Company - 2023
The State Bank and Trust Company is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
The State Bank And Trust Company's average 30 year fixed mortgage rate was
6.64%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.16%.
Relative Fees (Closing Costs)
The State Bank And Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,328.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 348 | $102,020,000 | $293,161 | $4,958 | 7.04% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 152 | $47,970,000 | $315,592 | $3,575 | 6.89% |
| Outside of Metro Areas | 168 | $19,590,000 | $116,607 | $3,376 | 7.16% |
| TOLEDO, OH (FHA|USDA|VA) | 123 | $17,985,000 | $146,220 | $4,333 | 7.26% |
| Defiance, OH (FHA|USDA|VA) | 84 | $11,320,000 | $134,762 | $3,581 | 7.11% |
| LIMA, OH (FHA|USDA|VA) | 40 | $9,220,000 | $230,500 | $4,395 | 6.92% |
| FORT WAYNE, IN (FHA|USDA|VA) | 34 | $8,560,000 | $251,765 | $3,086 | 7.12% |
| Findlay, OH (FHA|USDA|VA) | 16 | $3,350,000 | $209,375 | $4,842 | 6.82% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $2,790,000 | $465,000 | $6,321 | 6.56% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $2,780,000 | $1,390,000 | $5,096 | 7.31% |
| Mount Vernon, OH (FHA|USDA|VA) | 8 | $2,000,000 | $250,000 | $5,444 | 6.69% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $1,855,000 | $618,333 | $3,661 | 6.57% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $10,112 | 6.25% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $4,053 | 6.33% |
| Auburn, IN (FHA|USDA|VA) | 7 | $1,455,000 | $207,857 | $3,057 | 6.91% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 5 | $1,395,000 | $279,000 | $5,906 | 6.84% |
| Angola, IN (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $2,468 | 6.96% |
| Key West, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $7,114 | 6.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $6,708 | 7.13% |
| Adrian, MI (FHA|USDA|VA) | 5 | $925,000 | $185,000 | $5,285 | 7.25% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $4,045 | 6.54% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $9,465 | 6.25% |
| Zanesville, OH (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $4,946 | 6.50% |
| Marion, OH (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $3,913 | 7.19% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,977 | 7.38% |
| Tiffin, OH (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,522 | 7.06% |
| Fremont, OH (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,288 | 6.81% |
| Van Wert, OH (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $3,641 | 6.58% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $7,929 | 6.25% |
| MONROE, MI (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,166 | 7.69% |
| Hillsdale, MI (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $4,884 | 6.13% |
| Marion, IN (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $2,741 | 6.25% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,353 | 5.63% |
| Celina, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,696 | 5.88% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,733 | 6.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,843 | 7.50% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 8.13% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,244 | 7.88% |
| MUNCIE, IN (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,740 | 7.19% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,493 | 6.50% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 7.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,326 | 6.63% |
| COLUMBUS, IN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,000 | 6.13% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,942 | 6.75% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,854 | 7.50% |
| JACKSON, MI (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 8.88% |
| AKRON, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,618 | 6.88% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,646 | 8.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $6,934 | 7.50% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,846 | 6.00% |
| Greenville, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 6.50% |
| Huntington, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,775 | 7.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.63% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $8,312 | 6.63% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.25% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,693 | 6.38% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,801 | 6.00% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,365 | 6.25% |
| Thomasville, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,972 | 6.63% |
| Athens, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,311 | 6.50% |
| Urbana, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.50% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 10.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 8.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The State Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, The State Bank And Trust Company's most frequently originated type of loan was Conventional, with 781 originations. Their 2nd most popular type was HELOC, with 248 originations.
Loan Reason
For 2023, The State Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 757 originations. The 2nd most popular reason was Home Improvement, with 115 originations.
Loan Duration/Length
For 2023, The State Bank And Trust Company's most frequently cited loan duration was 30 Year, with 693 originations. The 2nd most popular length was 15 Year, with 267 originations.
Origination Fees/Closing Costs
The State Bank And Trust Company's average total fees were $4,328, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 344 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 445 | $129,465,000 | $290,933 |
| 7-8% | 302 | $59,560,000 | $197,219 |
| 5-6% | 173 | $50,295,000 | $290,723 |
| Over 8% | 145 | $12,875,000 | $88,793 |
| 4-5% | 6 | $1,000,000 | $166,667 |
During 2023, The State Bank And Trust Company's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 445 originations.
Loan Sizing
2023 saw The State Bank And Trust Company place emphasis on $200k-400k loans with 336 originations, totaling $95,690,000 in origination value.
Applicant Income
The State Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 206 originations. The second most popular income band? $150k-250k, with 206 originations.
Applicant Debt to Income Ratio
The State Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 259 originations. The next most common DTI ratio? 30-36%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.19%
The State Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination81.23%
The State Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,071 | $253,195,000 | $236,410 |