Demotte State Bank Mortgage Rates, Fees & Info
Jasper, INLEI: 54930074SGHZL5IZGS24
Tax ID: 35-0161700
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Mortgage Data
Review & Overview
Demotte State Bank is a smaller bank specializing in Refi and Home Purchase loans. Demotte State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Plymouth, South Bend, Lafayette, and Kankakee among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Demotte 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.
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Originations
149Origination Dollar Volume (All Markets)
$18,025,000Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 135 | $16,915,000 | $125,296 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $770,000 | $77,000 | $0 | 0.00% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $18,025,000 | $120,973 | $0 | 0.00% |
For 2023, Demotte State Bank's most frequently originated type of loan was Conventional, with 149 originations.
Loan Reason
For 2023, Demotte State Bank's most frequently cited loan purpose was Refi, with 56 originations. The 2nd most popular reason was Home Purchase, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $18,025,000 | $120,973 | $0 | 0.00% |
For 2023, Demotte State Bank's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2023 saw Demotte State Bank place emphasis on $100,000 or less loans with 92 originations, totaling $4,070,000 in origination value.
Applicant Income
Demotte State Bank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 149 | $18,025,000 | $120,973 | $0 | 0.00% |
Demotte State Bank lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 127 | $13,815,000 | $108,780 | $0 | 0.00% |
| Not applicable | 22 | $4,210,000 | $191,364 | $0 | 0.00% |
Approval Rates
Total approvals of all applications90.86%
Demotte State Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.58%
Demotte State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 149 | $18,025,000 | $120,973 |