Lnb Community Bank Mortgage Rates, Fees & Info

LYNNVILLE, IN

LEI: 213800XA5M2HOWATHG59

Tax ID: 35-0482724

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Lnb Community Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Lnb Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Jasper, Bloomington, and Lafayette among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lnb Community Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    225

    Origination Dollar Volume (All Markets)

    $37,405,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    EVANSVILLE, IN-KY (FHA|USDA|VA) 189 $30,765,000 $162,778 $0 0.00%
    Outside of Metro Areas 28 $4,880,000 $174,286 $0 0.00%
    Jasper, IN (FHA|USDA|VA) 6 $1,160,000 $193,333 $0 0.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Lnb Community Bank's top markets include Evansville, Jasper, Bloomington, and Lafayette among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 225 $37,405,000 $166,244 $0 0.00%

    For 2022, Lnb Community Bank's most frequently originated type of loan was Conventional, with 225 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 114 $23,450,000 $205,702 $0 0.00%
    Cash Out Refi 54 $8,630,000 $159,815 $0 0.00%
    Other 31 $2,285,000 $73,710 $0 0.00%
    Home Improvement 19 $1,605,000 $84,474 $0 0.00%
    Refi 7 $1,435,000 $205,000 $0 0.00%

    For 2022, Lnb Community Bank's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 225 $37,405,000 $166,244 $0 0.00%

    For 2022, Lnb Community Bank's most frequently cited loan duration was Other, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 78 $4,400,000 $56,410 $0 0.00%
    $100k-200k 68 $10,060,000 $147,941 $0 0.00%
    $200k-400k 67 $17,395,000 $259,627 $0 0.00%
    $400k-600k 12 $5,550,000 $462,500 $0 0.00%

    2022 saw Lnb Community Bank place emphasis on $100,000 or less loans with 78 originations, totaling $4,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 61 $12,775,000 $209,426 $0 0.00%
    $75k-100k 50 $8,630,000 $172,600 $0 0.00%
    $50k-75k 47 $5,455,000 $116,064 $0 0.00%
    $150k-250k 27 $6,565,000 $243,148 $0 0.00%
    $50k or less 24 $1,850,000 $77,083 $0 0.00%
    $250k+ 6 $1,170,000 $195,000 $0 0.00%

    Lnb Community Bank lent most frequently to those with incomes in the $100k-150k range, with 61 originations. The second most popular income band? $75k-100k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 225 $37,405,000 $166,244 $0 0.00%

    Lnb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 225 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 212 $35,470,000 $167,311 $0 0.00%
    Not provided 5 $645,000 $129,000 $0 0.00%
    Native Hawaiian or Islander 1 $435,000 $435,000 $0 0.00%
    Not applicable 5 $335,000 $67,000 $0 0.00%
    Black 1 $315,000 $315,000 $0 0.00%
    Other Asian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.50%

    Lnb Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.22%

    Lnb Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 225 $37,405,000 $166,244

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    225 $37,405,000 $166,244