The North Salem State Bank Mortgage Rates, Fees & Info
North Salem, INLEI: 5493005ANYGQWRPVGU61
Tax ID: 35-0551480
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The North Salem State Bank is a smaller bank specializing in Home Purchase and Refi loans. The North Salem State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Punta Gorda, Lakeland, Key West, and Terre Haute among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)The North Salem State 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
161Origination Dollar Volume (All Markets)
$37,985,000Top 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 |
|---|---|---|---|---|---|
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 142 | $32,810,000 | $231,056 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Key West, FL (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 4 | $630,000 | $157,500 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| Crawfordsville, IN (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Angola, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 161 | $37,985,000 | $235,932 | $0 | 0.00% |
For 2024, The North Salem State Bank's most frequently originated type of loan was Conventional, with 161 originations.
Loan Reason
For 2024, The North Salem State Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 161 | $37,985,000 | $235,932 | $0 | 0.00% |
For 2024, The North Salem State Bank's most frequently cited loan duration was Other, with 161 originations.
Loan Sizing
2024 saw The North Salem State Bank place emphasis on $200k-400k loans with 57 originations, totaling $15,905,000 in origination value.
Applicant Income
The North Salem State Bank lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 161 | $37,985,000 | $235,932 | $0 | 0.00% |
The North Salem State Bank lent most frequently to those with DTI ratios of Exempt%, with 161 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.27%
The North Salem State 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 origination94.41%
The North Salem State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 161 | $37,985,000 | $235,932 |