# The State Bank

> **Canonical URL:** https://saferate.com/lenders/the-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


The State Bank is a bank, headquartered in Fenton, MI, serving borrowers across 9 states, with 209 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 18% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 46% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493008ZGI6EQ8RHPQ04
- **Headquarters:** Fenton, MI
- **Geographic Reach:** Multi-Region
- **States Served:** 9
- **State List:** AZ, FL, IN, KY, MI, NC, NE, OH, SC
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 82/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 54/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.011%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $742
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 209
- **Dollar Volume:** $69 million
- **Applications Received:** 236
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $328,349
- **Average Borrower Income:** $201,713
- **Average Property Value:** $500,455

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (71%)
- ⭐ **Purchase Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (71%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 55/100 | 204 | -0.010% | $741 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 163 loans, Score: 53/100 (Sound)
- Refinance: 41 loans, Score: 53/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 51/100 | 167 | $59M | +0.049% | Sound ☺️ |
| Refinance | 52/100 | 42 | $10M | -0.205% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MI | 199 | 0.18% | 74/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Warren | MI | 74 | 67/100 |
| Flint, MI | MI | 72 | 77/100 |
| Saginaw, MI | MI | 17 | 55/100 |
| Non |  | 13 | 26/100 |

## Where This Lender Ranks

The State Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥉 **#3** in Flint, MI Banks
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/banks)
- 🥉 **#3** in Flint, MI for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Saginaw, MI for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/saginaw-mi/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Flint, MI
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders)
- 🏆 **#9** in Flint, MI for Conventional Loans
  - [View Full Rankings](https://saferate.com/flint-mi/best-mortgage-lenders/conventional-loans)
- 🏆 **#12** in Warren for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Warren Banks
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/banks)
- 🏆 **#13** in Saginaw, MI for Conventional Loans
  - [View Full Rankings](https://saferate.com/saginaw-mi/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

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

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

### Where does The State Bank offer mortgages?

The State Bank offers mortgages in 9 states: AZ, FL, IN, KY, MI, NC, NE, OH, SC.

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

The State Bank has a pricing score of 82/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.011% below market average.

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

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

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

The State Bank has a pull-through score of 54/100 (Sound). 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/the-state-bank

### How to Cite

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

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