Owen County State Bank Mortgage Rates, Fees & Info
Spencer, INLEI: 54930004Z0FN1LYUET14
Tax ID: 35-0564480
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Owen County State Bank is a smaller bank specializing in Home Purchase loans. Owen County State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Indianapolis, Bedford, Seymour, and Terre Haute among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Owen County State 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
158Origination Dollar Volume (All Markets)
$32,130,000Top 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 |
|---|---|---|---|---|---|
| BLOOMINGTON, IN (FHA|USDA|VA) | 81 | $14,445,000 | $178,333 | $0 | 0.00% |
| Outside of Metro Areas | 32 | $4,260,000 | $133,125 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 13 | $3,885,000 | $298,846 | $0 | 0.00% |
| Bedford, IN (FHA|USDA|VA) | 8 | $2,910,000 | $363,750 | $0 | 0.00% |
| Seymour, IN (FHA|USDA|VA) | 11 | $2,585,000 | $235,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 5 | $2,205,000 | $441,000 | $0 | 0.00% |
| Vincennes, IN (FHA|USDA|VA) | 5 | $725,000 | $145,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Madison, IN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 158 | $32,130,000 | $203,354 | $0 | 0.00% |
For 2023, Owen County State Bank's most frequently originated type of loan was Conventional, with 158 originations.
Loan Reason
For 2023, Owen County State Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Home Improvement, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 158 | $32,130,000 | $203,354 | $0 | 0.00% |
For 2023, Owen County State Bank's most frequently cited loan duration was Other, with 158 originations.
Loan Sizing
2023 saw Owen County State Bank place emphasis on $100,000 or less loans with 58 originations, totaling $3,670,000 in origination value.
Applicant Income
Owen County State Bank lent most frequently to those with incomes in the $50k-75k range, with 30 originations. The second most popular income band? $100k-150k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 158 | $32,130,000 | $203,354 | $0 | 0.00% |
Owen County State Bank lent most frequently to those with DTI ratios of Exempt%, with 158 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 128 | $21,210,000 | $165,703 | $0 | 0.00% |
| Not applicable | 30 | $10,920,000 | $364,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.97%
Owen County State Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.25%
Owen County State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 158 | $32,130,000 | $203,354 |