Skyline National Bank Mortgage Rates, Fees & Info
Independence, VALEI: 254900R1UY5PAEIHXX38
Tax ID: 54-0228860
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Mortgage Data
Review & Overview
Skyline National Bank is a smaller bank specializing in Home Purchase and Refi loans. Skyline National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Winston, Blacksburg, Boone, Roanoke, and Hickory among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Skyline National 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.
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Originations
681Origination Dollar Volume (All Markets)
$147,125,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 347 | $50,195,000 | $144,654 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 55 | $23,505,000 | $427,364 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 65 | $18,885,000 | $290,538 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 28 | $12,770,000 | $456,071 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 56 | $12,070,000 | $215,536 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 59 | $9,185,000 | $155,678 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 16 | $6,470,000 | $404,375 | $0 | 0.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 21 | $4,515,000 | $215,000 | $0 | 0.00% |
| Mount Airy, NC (FHA|USDA|VA) | 9 | $2,105,000 | $233,889 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $1,705,000 | $1,705,000 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,035,000 | $345,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| Martinsville, VA (FHA|USDA|VA) | 4 | $320,000 | $80,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 681 | $147,125,000 | $216,043 | $0 | 0.00% |
For 2022, Skyline National Bank's most frequently originated type of loan was Conventional, with 681 originations.
Loan Reason
For 2022, Skyline National Bank's most frequently cited loan purpose was Home Purchase, with 280 originations. The 2nd most popular reason was Refi, with 174 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 681 | $147,125,000 | $216,043 | $0 | 0.00% |
For 2022, Skyline National Bank's most frequently cited loan duration was Other, with 681 originations.
Loan Sizing
2022 saw Skyline National Bank place emphasis on $100,000 or less loans with 259 originations, totaling $15,335,000 in origination value.
Applicant Income
Skyline National Bank lent most frequently to those with incomes in the $50k-75k range, with 117 originations. The second most popular income band? $50k or less, with 110 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 681 | $147,125,000 | $216,043 | $0 | 0.00% |
Skyline National Bank lent most frequently to those with DTI ratios of Exempt%, with 681 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.28%
Skyline National 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 origination95.15%
Skyline National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 681 | $147,125,000 | $216,043 |