First Savings Bank Mortgage Rates, Fees & Info

Beresford, SD

LEI: 254900PHRI1MCM69UM20

Tax ID: 46-0403712

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Mortgage Data

Review & Overview

First Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. First Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ruidoso, El Paso, Alamogordo, Omaha, and Lake Havasu City among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

70

Origination Dollar Volume (All Markets)

$22,830,000

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
Ruidoso, NM (FHA|USDA|VA) 5 $4,495,000 $899,000 $0 0.00%
EL PASO, TX (FHA|USDA|VA) 12 $4,080,000 $340,000 $0 0.00%
Outside of Metro Areas 15 $2,715,000 $181,000 $0 0.00%
Alamogordo, NM (FHA|USDA|VA) 9 $1,835,000 $203,889 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 8 $1,800,000 $225,000 $0 0.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $0 0.00%
SIOUX FALLS, SD (FHA|USDA|VA) 7 $1,485,000 $212,143 $0 0.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 3 $1,455,000 $485,000 $0 0.00%
LAS CRUCES, NM (FHA|USDA|VA) 4 $1,110,000 $277,500 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $1,070,000 $535,000 $0 0.00%
Beatrice, NE (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
TUCSON, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Yankton, SD (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
First Savings Bank's top markets include Ruidoso, El Paso, Alamogordo, Omaha, and Lake Havasu City among others.

Their top states include:
  • New Mexico (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 70 $22,830,000 $326,143 $0 0.00%

    For 2023, First Savings Bank's most frequently originated type of loan was Conventional, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $16,785,000 $357,128 $0 0.00%
    Refi 12 $4,880,000 $406,667 $0 0.00%
    Other 6 $660,000 $110,000 $0 0.00%
    Home Improvement 5 $505,000 $101,000 $0 0.00%

    For 2023, First Savings Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 70 $22,830,000 $326,143 $0 0.00%

    For 2023, First Savings Bank's most frequently cited loan duration was Other, with 70 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,450,000 $143,750 $0 0.00%
    $100,000 or less 18 $1,100,000 $61,111 $0 0.00%
    $200k-400k 11 $3,135,000 $285,000 $0 0.00%
    $400k-600k 7 $3,595,000 $513,571 $0 0.00%
    $1MM+ 6 $8,630,000 $1,438,333 $0 0.00%
    $600k-1MM 4 $2,920,000 $730,000 $0 0.00%

    2023 saw First Savings Bank place emphasis on $100k-200k loans with 24 originations, totaling $3,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 7 $945,000 $135,000 $0 0.00%
    $50k or less 7 $845,000 $120,714 $0 0.00%
    $75k-100k 7 $925,000 $132,143 $0 0.00%
    $100k-150k 5 $1,025,000 $205,000 $0 0.00%
    $50k-75k 5 $505,000 $101,000 $0 0.00%
    $250k+ 1 $165,000 $165,000 $0 0.00%

    First Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 7 originations. The second most popular income band? $50k or less, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 70 $22,830,000 $326,143 $0 0.00%

    First Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 36 $17,910,000 $497,500 $0 0.00%
    White 31 $4,605,000 $148,548 $0 0.00%
    Not provided 2 $280,000 $140,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.80%

    First Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.29%

    First Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 70 $22,830,000 $326,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    70 $22,830,000 $326,143