# First State Bank

> **Canonical URL:** https://saferate.com/lenders/first-state-bank-mi


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First State Bank is a bank, headquartered in Eastpointe, MI, serving borrowers across 14 states, with 917 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 44% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 28% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300VIZR4H7AB15496
- **Headquarters:** Eastpointe, MI
- **Geographic Reach:** Multi-Region
- **States Served:** 14
- **State List:** AZ, CA, CO, FL, KS, KY, MI, NC, OH, OK, SC, TN, TX, VA
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 72/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.224%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,296
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 917
- **Dollar Volume:** $249 million
- **Applications Received:** 1,040
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $271,827
- **Average Borrower Income:** $141,631
- **Average Property Value:** $374,357

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **FHA Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)
- ⭐ **Refinance Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 69/100 | 805 | +0.178% | $1,300 | Strong 😀 |
| FHA | 66/100 | 93 | +0.678% | $1,360 | Strong 😀 |
| VA | 55/100 | 11 | +0.379% | $1,701 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 715 loans, Score: 71/100 (Strong)
- Refinance: 90 loans, Score: 59/100 (Sound)

**FHA:**
- Purchase: 82 loans, Score: 65/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 815 | $225M | +0.269% | Strong 😀 |
| Refinance | 59/100 | 102 | $24M | -0.111% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 877 | 0.77% | 86/100 |
| FL | 18 | 0.01% | 38/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Warren | MI | 601 | 88/100 |
| Flint, MI | MI | 104 | 78/100 |
| Detroit | MI | 83 | 68/100 |
| Non |  | 41 | 37/100 |
| Ann Arbor, MI | MI | 11 | 44/100 |

## Where This Lender Ranks

First State Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Flint, MI for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Flint, MI Banks
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/banks)
- 🏆 **#5** in Warren for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Warren for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/banks/va-loans)
- 🏆 **#6** in Flint, MI for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Detroit for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/detroit/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Detroit Banks
  - [View Full Rankings](https://saferate.com/detroit/best-mortgage-lenders/banks)
- 🏆 **#9** in Michigan for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/michigan/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#9** in Warren for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Warren Banks
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/banks)
- 🏆 **#11** in Warren for FHA Loans
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/fha-loans)
- 🏆 **#11** in Flint, MI for FHA Loans
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/fha-loans)
- 🏆 **#11** in Detroit for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/detroit/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Michigan for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/michigan/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#12** in Michigan for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/michigan/best-mortgage-lenders/banks/va-loans)
- 🏆 **#12** in Flint, MI
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders)
- 🏆 **#13** in Michigan Banks
  - [View Full Rankings](https://saferate.com/michigan/best-mortgage-lenders/banks)
- 🏆 **#14** in Flint, MI for Conventional Loans
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/conventional-loans)
- 🏆 **#16** in Ann Arbor, MI for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/ann-arbor-mi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#17** in Warren
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does First State Bank offer?

First State Bank offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First State Bank offer mortgages?

First State Bank offers mortgages in 14 states: AZ, CA, CO, FL, KS, KY, MI, NC, OH, OK, SC, TN, TX, VA.

### How competitive are First State Bank's mortgage rates?

First State Bank has a pricing score of 56/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.224% above market average.

### What type of lender is First State Bank?

First State Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Eastpointe, MI.

### What is First State Bank's loan approval success rate?

First State Bank has a pull-through score of 72/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-state-bank-mi

### How to Cite

> "First State Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-state-bank-mi

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