# Western State Bank

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


Western State Bank is a bank, headquartered in Devils Lake, ND, serving borrowers across 8 states, with 123 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 24% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 67% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900P681DTTH4I3144
- **Headquarters:** Devils Lake, ND
- **Geographic Reach:** Multi-Region
- **States Served:** 8
- **State List:** AZ, GA, IL, MN, MT, ND, NM, TX
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 76/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 33/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.025%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,562
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 123
- **Dollar Volume:** $39 million
- **Applications Received:** 182
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $316,870
- **Average Borrower Income:** $177,927
- **Average Property Value:** $501,667

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 46/100 | 105 | -0.082% | $1,647 | Sound ☺️ |
| FHA | 55/100 | 12 | +0.652% | $1,530 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 86 loans, Score: 45/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 48/100 | 104 | $33M | -0.068% | Sound ☺️ |
| Refinance | 28/100 | 19 | $6M | +0.236% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| ND | 61 | 0.83% | 69/100 |
| AZ | 34 | 0.03% | 57/100 |
| MN | 20 | 0.03% | 51/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Fargo, ND | ND-MN | 54 | 73/100 |
| Phoenix | AZ | 31 | 57/100 |
| Non |  | 24 | 38/100 |

## Where This Lender Ranks

Western State Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#6** in Fargo, ND for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Fargo, ND for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Fargo, ND Banks
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks)
- 🏆 **#14** in North Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#16** in North Dakota Banks
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks)
- 🏆 **#17** in North Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#19** in Fargo, ND for FHA Loans
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/fha-loans)

## Frequently Asked Questions

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

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

### Where does Western State Bank offer mortgages?

Western State Bank offers mortgages in 8 states: AZ, GA, IL, MN, MT, ND, NM, TX.

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

Western State Bank has a pricing score of 76/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.025% below market average.

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

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

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

Western State Bank has a pull-through score of 33/100 (Acceptable). 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/western-state-bank

### How to Cite

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

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