Dearborn Savings Bank Mortgage Rates, Fees & Info
LAWRENCEBURG, INLEI: 549300A0WF7QPCOSXF45
Tax ID: 35-0264895
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Mortgage Data
Review & Overview
Dearborn Savings Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Dearborn Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, San Antonio, and Naples among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Dearborn Savings Bank 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
65Origination Dollar Volume (All Markets)
$10,375,000Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 56 | $8,190,000 | $146,250 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $1,735,000 | $247,857 | $0 | 0.00% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Dearborn Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $10,375,000 | $159,615 | $0 | 0.00% |
For 2019, Dearborn Savings Bank's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
For 2019, Dearborn Savings Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $10,375,000 | $159,615 | $0 | 0.00% |
For 2019, Dearborn Savings Bank's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2019 saw Dearborn Savings Bank place emphasis on $100k-200k loans with 26 originations, totaling $3,840,000 in origination value.
Applicant Income
Dearborn Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 21 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $10,375,000 | $159,615 | $0 | 0.00% |
Dearborn Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 64 | $10,250,000 | $160,156 | $0 | 0.00% |
| Black | 1 | $125,000 | $125,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.72%
Dearborn Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.92%
Dearborn Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $10,375,000 | $159,615 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $95,000 | $95,000 |
| Single Family (1-4 Units):Site-Built | 64 | $10,280,000 | $160,625 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Draper and Kramer Mortgage Corp. | Conventional home mortgage | Improper use of your report | 1 | 50.0% |
| Draper and Kramer Mortgage Corp. | FHA mortgage | Closing on a mortgage | 1 | 50.0% |