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 score and performance metrics.

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 an overall pricing score of 24.1/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Flanagan State Bank?

Flanagan State Bank is a Bank headquartered in Flanagan, IL.

Unclaimed

Flanagan State Bank

Bank•Flanagan, IL•Direct to Consumer

We analyzed every closed loan from Flanagan State Bank — 1.0k loans across 1k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Acceptable

vs. all lenders

Pull Through

Sound

closing strength

Products

Exceptional

FHA · Conventional · VA · USDA

Place

Sound

Near-National · 12 mkts

Safe Rate Awards⭐VA Superstar

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Safe Rate's Summary

What They Do Well

Particularly strong in Conventional and FHA and VA and USDA loans
Nationwide availability with consistent service

Things to Think About

Rates typically 62 basis points above market average

Explore another lender or local market

Report Card

Flanagan State Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Acceptable	Near industry average +62.4 bps above market avg
Pull Through Closing strength	Sound	Industry Standard Top 60% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Strong	Highly Competitive Top 40% of lenders
VA	Strong	Highly Competitive Top 40% of lenders
USDA	Exceptional	Market Leader Top 10% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Sound	Industry Standard Top 60% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Near-National13 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Acceptable	Sound	401	38.3%	+0.659%Above	$2,335Fees
FHA Loans	Sound	Strong	Acceptable	Strong	348	33.3%	+0.828%Above	$3,126Fees
VA Loans	Strong	Strong	Sound	Strong	81	7.7%	-0.097%Below	$1,269Fees
USDA Loans	Sound	Exceptional	Mediocre	Strong	213	20.4%	+0.498%Above	$2,475Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Acceptable	Strong	940	89.9%	+0.641%Above	$2,534Fees
Refinance	Acceptable	Sound	Acceptable	Acceptable	106	10.1%	+0.486%Above	$2,486Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,046

Applications

1,451

Volume

$198 million

Pricing & Closing

Avg Rate Spread

+0.624%

vs. market APOR

Avg Net Fees

$2,529

Origination − Credits

Pullthrough Rate

72.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$189,924

Avg Borrower Income

$83,683

Avg Property Value

$225,755

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

ALARAZCACOFLGAIAIDILINKSKYMNMOMTNDNENMOHOKORPASDTXWIWY

Top Metro Areas by Place Specialization Score

Reading, PA, PAMSA

Volume: 67Mix: 6.41%of portfolio

Place

Strong

St. Joseph, MO, MO-KSMSA

Volume: 38Mix: 3.63%of portfolio

Place

Strong

Kankakee, IL, ILMSA

Volume: 24Mix: 2.29%of portfolio

Place

Strong

Davenport, IA-ILMSA

Volume: 40Mix: 3.82%of portfolio

Place

Strong

Bloomington, IL, ILMSA

Volume: 32Mix: 3.06%of portfolio

Place

Sound

Omaha, NE, NE-IAMSA

Volume: 35Mix: 3.35%of portfolio

Place

Sound

Lafayette, INMSA

Volume: 26Mix: 2.49%of portfolio

Place

Sound

Peoria, IL, ILMSA

Volume: 30Mix: 2.87%of portfolio

Place

Sound

Odessa, TX, TXMSA

Volume: 15Mix: 1.43%of portfolio

Place

Sound

Chicago, ILMSA

Volume: 36Mix: 3.44%of portfolio

Place

Sound

Showing 10 of 12 metro areas

Top States by Place Specialization Score

MOState

Volume: 274Mix: 26.20%of portfolio

Place

Strong

ILState

Volume: 248Mix: 23.71%of portfolio

Place

Strong

IAState

Volume: 157Mix: 15.01%of portfolio

Place

Strong

INState

Volume: 96Mix: 9.18%of portfolio

Place

Strong

PAState

Volume: 76Mix: 7.27%of portfolio

Place

Sound

MTState

Volume: 23Mix: 2.20%of portfolio

Place

Sound

COState

Volume: 30Mix: 2.87%of portfolio

Place

Sound

WYState

Volume: 15Mix: 1.43%of portfolio

Place

Sound

MNState

Volume: 22Mix: 2.10%of portfolio

Place

Sound

TXState

Volume: 34Mix: 3.25%of portfolio

Place

Sound

Showing 10 of 12 states

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.