The First State Bank Of Porter Mortgage Rates, Fees & Info
Porter, INLEI: 5493008CDD8DDS775F56
Tax ID: 35-0310570
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Mortgage Data
Review & Overview
The First State Bank Of Porter is a smaller bank specializing in Refi and Home Purchase loans. The First State Bank Of Porter has a high proportion of conventional loans. Their top two markets are Chicago and Michigan City .The First State Bank Of Porter has an 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
27Origination Dollar Volume (All Markets)
$7,135,000Top 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) | 19 | $4,945,000 | $260,263 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 8 | $2,190,000 | $273,750 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $7,135,000 | $264,259 | $0 | 0.00% |
For 2023, The First State Bank Of Porter's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
For 2023, The First State Bank Of Porter's most frequently cited loan purpose was Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $7,135,000 | $264,259 | $0 | 0.00% |
For 2023, The First State Bank Of Porter's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2023 saw The First State Bank Of Porter place emphasis on $100k-200k loans with 8 originations, totaling $1,060,000 in origination value.
Applicant Income
The First State Bank Of Porter lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $250k+, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $7,135,000 | $264,259 | $0 | 0.00% |
The First State Bank Of Porter lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.84%
The First State Bank Of Porter has an average approval rate.
Pick Rate
Approvals leading to origination77.78%
The First State Bank Of Porter has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $7,135,000 | $264,259 |