Horatio State Bank Mortgage Rates, Fees & Info
Horatio, ARLEI: 5493006ZPOXWU5V4FT07
Tax ID: 71-0089220
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Horatio State Bank is a smaller bank specializing in Home Purchase and Refi loans. Horatio State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Texarkana, Hope, and Paris among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Horatio 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
167Origination Dollar Volume (All Markets)
$17,865,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 107 | $12,195,000 | $113,972 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 57 | $5,555,000 | $97,456 | $0 | 0.00% |
| Hope, AR (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| Paris, TX (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 167 | $17,865,000 | $106,976 | $0 | 0.00% |
For 2024, Horatio State Bank's most frequently originated type of loan was Conventional, with 167 originations.
Loan Reason
For 2024, Horatio State Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 50 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 167 | $17,865,000 | $106,976 | $0 | 0.00% |
For 2024, Horatio State Bank's most frequently cited loan duration was Other, with 167 originations.
Loan Sizing
2024 saw Horatio State Bank place emphasis on $100,000 or less loans with 109 originations, totaling $5,435,000 in origination value.
Applicant Income
Horatio State Bank lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $100k-150k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 167 | $17,865,000 | $106,976 | $0 | 0.00% |
Horatio State Bank lent most frequently to those with DTI ratios of Exempt%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.19%
Horatio 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 origination94.01%
Horatio State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 167 | $17,865,000 | $106,976 |