# Flanagan State Bank

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


> **📋 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


Flanagan State Bank is a bank, headquartered in Flanagan, IL, serving borrowers across 27 states, with 1,046 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 76% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 40% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 2549008LUH7QKMXQ8N53
- **Headquarters:** Flanagan, IL
- **Geographic Reach:** Near-National
- **States Served:** 27
- **State List:** AL, AR, AZ, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, MN, MO, MT, ND, NE, NM, OH, OK, OR, PA, SD, TX, WI, WY
- **Markets (MSAs):** 13
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 89.5%
- **Brokered/Wholesale:** 10.5%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 24/100
- Rating: ●●○○○ (2/5)

### Pull Through: Sound ☺️
- Score: 60/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.624%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,529
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,046
- **Dollar Volume:** $199 million
- **Applications Received:** 1,451
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $189,924
- **Average Borrower Income:** $83,683
- **Average Property Value:** $225,755

## Safe Rate Awards 🏆

- ⭐ **VA Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 63/100 | 401 | +0.659% | $2,335 | Strong 😀 |
| FHA | 77/100 | 348 | +0.828% | $3,126 | Strong 😀 |
| VA | 72/100 | 81 | -0.097% | $1,269 | Strong 😀 |
| USDA | 90/100 | 213 | +0.498% | $2,475 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 331 loans, Score: 62/100 (Strong)
- Refinance: 70 loans, Score: 48/100 (Sound)

**FHA:**
- Purchase: 323 loans, Score: 77/100 (Strong)
- Refinance: 25 loans, Score: 47/100 (Sound)

**VA:**
- Purchase: 72 loans, Score: 72/100 (Strong)

**USDA:**
- Purchase: 212 loans, Score: 90/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 72/100 | 940 | $175M | +0.641% | Strong 😀 |
| Refinance | 48/100 | 106 | $24M | +0.486% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MO | 274 | 0.37% | 73/100 |
| IL | 248 | 0.20% | 73/100 |
| IA | 157 | 0.44% | 68/100 |
| IN | 96 | 0.11% | 61/100 |
| PA | 76 | 0.06% | 58/100 |
| TX | 34 | 0.01% | 45/100 |
| CO | 30 | 0.04% | 49/100 |
| MT | 23 | 0.22% | 50/100 |
| MN | 22 | 0.03% | 46/100 |
| AR | 16 | 0.05% | 44/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 551 | 75/100 |
| Reading, PA | PA | 67 | 72/100 |
| Davenport | IA-IL | 40 | 61/100 |
| St. Joseph, MO | MO-KS | 38 | 72/100 |
| Chicago | IL | 36 | 52/100 |
| Omaha, NE | NE-IA | 35 | 57/100 |
| Bloomington, IL | IL | 32 | 57/100 |
| Peoria, IL | IL | 30 | 56/100 |
| Lafayette | IN | 26 | 56/100 |
| Kankakee, IL | IL | 24 | 68/100 |
| Odessa, TX | TX | 15 | 53/100 |
| Kansas City, MO | MO-KS | 12 | 41/100 |
| Bozeman, MT | MT | 11 | 43/100 |

## Where This Lender Ranks

Flanagan State Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Davenport for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/davenport/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Omaha, NE for USDA Loans
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Omaha, NE for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/banks/usda-loans)
- 🥉 **#3** in St. Joseph, MO for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/st-joseph-mo/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Odessa, TX for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/odessa-tx/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in St. Joseph, MO Banks
  - [View Full Rankings](https://saferate.com/st-joseph-mo/best-mortgage-lenders/banks)
- 🏆 **#4** in Kankakee, IL Banks
  - [View Full Rankings](https://saferate.com/kankakee-il/best-mortgage-lenders/banks)
- 🏆 **#5** in Lafayette for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lafayette/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Reading, PA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/reading-pa/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Davenport for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/davenport/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#7** in Kankakee, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kankakee-il/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Wyoming for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/wyoming/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Davenport Banks
  - [View Full Rankings](https://saferate.com/davenport/best-mortgage-lenders/banks)
- 🏆 **#8** in St. Joseph, MO for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/st-joseph-mo/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Bloomington, IL Banks
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/banks)
- 🏆 **#9** in Kankakee, IL
  - [View Full Rankings](https://saferate.com/kankakee-il/best-mortgage-lenders)
- 🏆 **#9** in Bozeman, MT for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bozeman-mt/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Iowa for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks/va-loans)
- 🏆 **#10** in Davenport for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/davenport/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Davenport for VA Loans
  - [View Full Rankings](https://saferate.com/davenport/best-mortgage-lenders/va-loans)

## Frequently Asked Questions

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

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

### Where does Flanagan State Bank offer mortgages?

Flanagan State Bank offers mortgages in 27 states: AL, AR, AZ, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, MN, MO, MT, ND, NE, NM, OH, OK, OR, PA, SD, TX, WI, WY.

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

Flanagan State Bank has a pricing score of 24/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.624% above market average.

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

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

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

Flanagan State Bank has a pull-through score of 60/100 (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/flanagan-state-bank

### How to Cite

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

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