KS StateBank Mortgage Interest Rate and Cost Review

Is KS StateBank a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by KS StateBank to those of other lenders for a comparable set of borrowers. Here is our review of KS StateBank nationally:

Review ItemKS StateBank
Interest Ratesimilar to other lenders (-0.05%)
Loan Related Closing Costslower than other lenders (-$269)
National Rate and Closing Cost Star Rating(4)

On average, KS StateBank’s interest rates were similar to those of other lenders (-0.05%). On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$269. Overall, combining interest rates and closing costs we estimate that KS StateBank tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4 out of 5 stars.

We maintain our independence by not accepting any money from the mortgage lenders we review. To visit KS StateBank, check out its website at: https://www.ksstate.bank.

KS StateBank’s Rate Review by City

Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track KS StateBank was most active in:

  1. Phoenix, AZ
  2. Minneapolis, MN
  3. Manhattan, KS
  4. Wichita, KS
  5. Kansas City, MO

KS StateBank’s Rate Review by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, KS StateBank originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.

New Purchase MortgagesConformingFHAJumboUSDAVA
Interest Rate Difference-0.03%-0.02%+0.01%+0.00%-0.06%
Loan Related Closing Cost Difference-$213-$141-$37-$12-$210
Cost Adjusted Rate Difference-0.05%-0.03%+0.01%+0.00%-0.07%
National Star Rating(3.5)(3.5)(3.5)(3.5)(4)
Refinance MortgagesConformingFHAJumboVA
Interest Rate Difference-0.07%-0.01%+0.00%-0.04%
Loan Related Closing Cost Difference-$399-$9-$85-$306
Cost Adjusted Rate Difference-0.10%-0.01%+0.00%-0.06%
Average Star Rating(4)(3.5)(3.5)(4)

As a summary, KS StateBank is cheap for VA purchase mortgages. It is similar to other lenders for Conforming, FHA, Jumbo and USDA purchase mortgages. For refinancing mortgages, KS StateBank is cheap for Conforming and VA mortgage refinance. It is similar to other lenders for FHA and Jumbo mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.

Other information about KS StateBank:

Registered name: KS StateBank
Registered city and state: Manhattan, KS, 66502
Regulator: Federal Deposit Insurance Corporation (FDIC)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for KS StateBank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.