Investment Savings Bank Mortgage Rates, Fees & Info
Altoona, PALEI: 5493005DE3TY0D0PU504
Tax ID: 23-0725565
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Mortgage Data
Review & Overview
Investment Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Investment Savings Bank has a high proportion of conventional loans. Their top two markets are Altoona and Johnstown .Investment Savings Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
44Origination Dollar Volume (All Markets)
$5,440,000Top 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 |
|---|---|---|---|---|---|
| ALTOONA, PA (FHA|USDA|VA) | 40 | $4,690,000 | $117,250 | $0 | 0.00% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $5,440,000 | $123,636 | $0 | 0.00% |
For 2023, Investment Savings Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
For 2023, Investment Savings Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Home Improvement, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $5,440,000 | $123,636 | $0 | 0.00% |
For 2023, Investment Savings Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2023 saw Investment Savings Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,155,000 in origination value.
Applicant Income
Investment Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $5,440,000 | $123,636 | $0 | 0.00% |
Investment Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 40 | $4,520,000 | $113,000 | $0 | 0.00% |
| Asian | 1 | $725,000 | $725,000 | $0 | 0.00% |
| Not applicable | 3 | $195,000 | $65,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.27%
Investment Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.91%
Investment Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $5,440,000 | $123,636 |