The First State Bank Of Porter Mortgage Rates, Fees & Info
Porter, INLEI: 5493008CDD8DDS775F56
Tax ID: 35-0310570
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
The First State Bank Of Porter is a smaller bank specializing in Home Purchase and Refi loans. The First State Bank Of Porter has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Michigan City, and Niles among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)The First State Bank Of Porter has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
47Origination Dollar Volume (All Markets)
$10,455,000Top 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) | 37 | $8,395,000 | $226,892 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 9 | $1,905,000 | $211,667 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $10,455,000 | $222,447 | $0 | 0.00% |
For 2018, The First State Bank Of Porter's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2018, The First State Bank Of Porter's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $10,455,000 | $222,447 | $0 | 0.00% |
For 2018, The First State Bank Of Porter's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2018 saw The First State Bank Of Porter place emphasis on $100k-200k loans with 16 originations, totaling $2,620,000 in origination value.
Applicant Income
The First State Bank Of Porter lent most frequently to those with incomes in the $250k+ range, with 9 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $10,455,000 | $222,447 | $0 | 0.00% |
The First State Bank Of Porter lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
The First State Bank Of Porter has an average approval rate.
Pick Rate
Approvals leading to origination97.87%
The First State Bank Of Porter has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 47 | $10,455,000 | $222,447 |