Demotte State Bank Mortgage Rates, Fees & Info

Jasper, IN

LEI: 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

149

Origination Dollar Volume (All Markets)

$18,025,000

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
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%
Demotte State Bank's top markets include Chicago, Plymouth, South Bend, Lafayette, and Kankakee among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 56 $9,740,000 $173,929 $0 0.00%
    Home Purchase 40 $6,010,000 $150,250 $0 0.00%
    Other 30 $1,460,000 $48,667 $0 0.00%
    Home Improvement 23 $815,000 $35,435 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 92 $4,070,000 $44,239 $0 0.00%
    $100k-200k 29 $4,085,000 $140,862 $0 0.00%
    $200k-400k 20 $5,230,000 $261,500 $0 0.00%
    $400k-600k 5 $2,245,000 $449,000 $0 0.00%
    $600k-1MM 2 $1,360,000 $680,000 $0 0.00%
    $1MM+ 1 $1,035,000 $1,035,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $4,045,000 $130,484 $0 0.00%
    $50k-75k 27 $1,825,000 $67,593 $0 0.00%
    $75k-100k 27 $2,575,000 $95,370 $0 0.00%
    $50k or less 18 $1,020,000 $56,667 $0 0.00%
    $150k-250k 16 $2,910,000 $181,875 $0 0.00%
    $250k+ 2 $1,140,000 $570,000 $0 0.00%

    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 applications
    90.86%

    Demotte State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.58%

    Demotte State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 149 $18,025,000 $120,973

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    149 $18,025,000 $120,973