Insbank Mortgage Rates, Fees & Info

Nashville, TN

LEI: 5493000IKHJWCZLX1D65

Tax ID: 62-1804379

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

    Insbank is a smaller bank specializing in Home Purchase and Refi loans. Insbank has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Auburn, Knoxville, and Durham among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Insbank 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.

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    Originations

    19

    Origination Dollar Volume (All Markets)

    $17,675,000

    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
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 16 $10,930,000 $683,125 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $5,785,000 $5,785,000 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Insbank's top markets include Nashville, Auburn, Knoxville, and Durham among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19 $17,675,000 $930,263 $0 0.00%

    For 2019, Insbank's most frequently originated type of loan was Conventional, with 19 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 10 $12,330,000 $1,233,000 $0 0.00%
    Refi 9 $5,345,000 $593,889 $0 0.00%

    For 2019, Insbank's most frequently cited loan purpose was Home Purchase, with 10 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 19 $17,675,000 $930,263 $0 0.00%

    For 2019, Insbank's most frequently cited loan duration was Other, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 6 $4,620,000 $770,000 $0 0.00%
    $1MM+ 4 $9,820,000 $2,455,000 $0 0.00%
    $400k-600k 4 $1,950,000 $487,500 $0 0.00%
    $200k-400k 3 $965,000 $321,667 $0 0.00%
    $100k-200k 2 $320,000 $160,000 $0 0.00%

    2019 saw Insbank place emphasis on $600k-1MM loans with 6 originations, totaling $4,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 5 $3,755,000 $751,000 $0 0.00%
    $50k or less 3 $1,165,000 $388,333 $0 0.00%
    $150k-250k 2 $1,780,000 $890,000 $0 0.00%
    $100k-150k 1 $835,000 $835,000 $0 0.00%
    $50k-75k 1 $305,000 $305,000 $0 0.00%

    Insbank lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $50k or less, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 19 $17,675,000 $930,263 $0 0.00%

    Insbank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 7 $9,835,000 $1,405,000 $0 0.00%
    White 8 $5,470,000 $683,750 $0 0.00%
    Not provided 3 $2,065,000 $688,333 $0 0.00%
    Native Hawaiian 1 $305,000 $305,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Insbank 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
    73.68%

    Insbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 19 $17,675,000 $930,263

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $7,870,000 $1,967,500
    Single Family (1-4 Units):Site-Built 15 $9,805,000 $653,667