State Bank of Dekalb Mortgage Interest Rate and Cost Review

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

Review ItemState Bank of Dekalb
Interest Ratesimilar to other lenders (-0.07%)
Loan Related Closing Costssimilar to other lenders (-$157)
National Rate and Closing Cost Star Rating(4)

On average, State Bank of Dekalb’s interest rates were similar to those of other lenders (-0.07%). Its loan related closing costs were also similar to those of other lenders, with a difference of -$157. Overall, combining interest rates and closing costs we estimate that State Bank of Dekalb 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 State Bank of Dekalb, check out its website at: https://www.statebankofdekalb.com.

State Bank of Dekalb’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 State Bank of Dekalb was most active in:

  1. Texarkana, TX
  2. Sulphur Springs, TX
  3. Dallas, TX
  4. Little Rock, AR
  5. Fort Worth, TX

In addition, State Bank of Dekalb is our top ranked/best mortgage lender in terms of interest rate and closing costs in:

State Bank of Dekalb’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, State Bank of Dekalb originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming 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.

Purchase/Refinance:
New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.06%-0.13%-0.02%-0.06%
Loan Related Closing Cost Difference-$188-$119-$28-$40
Cost Adjusted Rate Difference-0.08%-0.15%-0.03%-0.07%
National Star Rating(4)(4)(3.5)(4)
Refinance MortgagesConformingVA
Interest Rate Difference-0.04%-0.02%
Loan Related Closing Cost Difference-$229-$83
Cost Adjusted Rate Difference-0.06%-0.03%
Average Star Rating(4)(3.5)

As a summary, State Bank of Dekalb is cheap for Conforming, FHA and VA purchase mortgages. It is similar to other lenders for USDA purchase mortgages. For refinancing mortgages, State Bank of Dekalb is cheap for Conforming mortgage refinance. It is similar to other lenders for VA 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 State Bank of Dekalb:

Registered name: State Bank of De Kalb
Registered city and state: De Kalb, TX, 75559
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 State Bank of Dekalb’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.