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 Home Purchase and Refi 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
37Origination Dollar Volume (All Markets)
$6,185,000Top 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) | 28 | $4,150,000 | $148,214 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 9 | $2,035,000 | $226,111 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 37 | $6,185,000 | $167,162 | $0 | 0.00% |
For 2019, The First State Bank Of Porter's most frequently originated type of loan was Conventional, with 37 originations.
Loan Reason
For 2019, The First State Bank Of Porter's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 37 | $6,185,000 | $167,162 | $0 | 0.00% |
For 2019, The First State Bank Of Porter's most frequently cited loan duration was Other, with 37 originations.
Loan Sizing
2019 saw The First State Bank Of Porter place emphasis on $100,000 or less loans with 16 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 $50k-75k range, with 8 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 37 | $6,185,000 | $167,162 | $0 | 0.00% |
The First State Bank Of Porter lent most frequently to those with DTI ratios of Exempt%, with 37 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $5,355,000 | $184,655 | $0 | 0.00% |
| Not applicable | 8 | $830,000 | $103,750 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.23%
The First State Bank Of Porter has an average approval rate.
Pick Rate
Approvals leading to origination89.19%
The First State Bank Of Porter has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 37 | $6,185,000 | $167,162 |