KS StateBank Mortgage Interest Rate and Cost Review

Is KS StateBank a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by KS StateBank with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.05%)
Loan Related Closing Costslower than average (-$269)
National Rate and Closing Cost Rating(4.0)

On average, KS StateBank’s interest rates were similar to those of other lenders (-0.05%) for a comparable set of borrowers. Its average total loan related closing cost was 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 4.0 out of 5.0 stars.

KS StateBank’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track KS StateBank was most active in:

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

You can click through to check out KS StateBank’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

KS StateBank’s Rates 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. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

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%
Star Rating(3.5)(3.5)(3.5)(3.5)(4.0)
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%
Star Rating(4.0)(3.5)(3.5)(4.0)

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, and we always recommend shopping among several 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.