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, Indianapolis, and Michigan City among others. We have data for 5 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 an above average pick rate when compared to similar lenders.
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Originations
117Origination Dollar Volume (All Markets)
$13,535,000Top 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) | 108 | $13,060,000 | $120,926 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $235,000 | $47,000 | $0 | 0.00% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $13,535,000 | $115,684 | $0 | 0.00% |
For 2022, Demotte State Bank's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
For 2022, Demotte State Bank's most frequently cited loan purpose was Refi, with 57 originations. The 2nd most popular reason was Other, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $13,535,000 | $115,684 | $0 | 0.00% |
For 2022, Demotte State Bank's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2022 saw Demotte State Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,185,000 in origination value.
Applicant Income
Demotte State Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $13,535,000 | $115,684 | $0 | 0.00% |
Demotte State Bank lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.78%
Demotte State Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.60%
Demotte State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $13,535,000 | $115,684 |