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
Jump to:
Mortgage Data
Review & Overview
Owen County State Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Owen County State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Indianapolis, Bedford, Greensburg, and Seymour among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Owen County State Bank has an above average approval rate when compared to the average across all lenders. They have a below 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
209Origination Dollar Volume (All Markets)
$42,825,000Top 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) | 95 | $15,895,000 | $167,316 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 12 | $9,110,000 | $759,167 | $0 | 0.00% |
| Outside of Metro Areas | 46 | $6,040,000 | $131,304 | $0 | 0.00% |
| Bedford, IN (FHA|USDA|VA) | 20 | $3,270,000 | $163,500 | $0 | 0.00% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $3,205,000 | $3,205,000 | $0 | 0.00% |
| Seymour, IN (FHA|USDA|VA) | 15 | $2,395,000 | $159,667 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 13 | $1,335,000 | $102,692 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| Vincennes, IN (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| North Vernon, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 209 | $42,825,000 | $204,904 | $0 | 0.00% |
For 2022, Owen County State Bank's most frequently originated type of loan was Conventional, with 209 originations.
Loan Reason
For 2022, Owen County State Bank's most frequently cited loan purpose was Home Purchase, with 115 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 209 | $42,825,000 | $204,904 | $0 | 0.00% |
For 2022, Owen County State Bank's most frequently cited loan duration was Other, with 209 originations.
Loan Sizing
2022 saw Owen County State Bank place emphasis on $100,000 or less loans with 78 originations, totaling $4,300,000 in origination value.
Applicant Income
Owen County State Bank lent most frequently to those with incomes in the $50k or less range, with 46 originations. The second most popular income band? $50k-75k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 209 | $42,825,000 | $204,904 | $0 | 0.00% |
Owen County State Bank lent most frequently to those with DTI ratios of Exempt%, with 209 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.59%
Owen County State Bank has an average approval rate.
Pick Rate
Approvals leading to origination74.16%
Owen County State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 209 | $42,825,000 | $204,904 |