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First State Bank
Bank|Eastpointe, MI|Multi-Region
Loans Originated
917
Applications
1,040
Volume
$249 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Strong
Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐Purchase Superstar⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.224%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$1,296
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
88.2%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA loans
Report Card
First State Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Sound | Industry Standard | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 5 metro areas · 14 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$271,827
Average Borrower Income
$141,631
Average Property Value
$374,357
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Strong | Strong | Sound | Strong | 805 | 87.8% | +0.178% | $1,300 |
FHA Loans | Strong | Strong | Sound | Strong | 93 | 10.1% | +0.678% | $1,360 |
VA Loans | Sound | Sound | N/A | N/A | 11 | 1.2% | +0.379% | $1,701 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Strong | Strong | Sound | Strong | 815 | 88.9% | +0.269% | $1,298 |
Refinance | Strong | Sound | Strong | Strong | 102 | 11.1% | -0.111% | $1,276 |
Geographic Coverage
Metro Areas
4
States Served
14
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
AZCACOFLKSKYMINCOHOKSCTNTXVA
Top Metro Areas by Place Specialization Score
1
Warren, MIMSA
Volume: 601Mix: 65.54%
Place Specialization
Exceptional
2
Flint, MI, MIMSA
Volume: 104Mix: 11.34%
Place Specialization
Strong
3
Detroit, MIMSA
Volume: 83Mix: 9.05%
Place Specialization
Strong
4
Ann Arbor, MI, MIMSA
Volume: 11Mix: 1.20%
Place Specialization
Sound
Top States by Place Specialization Score
1
MIState
Volume: 877Mix: 95.64%
Place Specialization
Exceptional
2
FLState
Volume: 18Mix: 1.96%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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