Mid-southern Savings Bank Fsb Mortgage Rates, Fees & Info

Salem, IN

LEI: 549300E05TZE9VHI0I91

Tax ID: 35-0631260

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Mid-southern Savings Bank Fsb is a smaller bank specializing in Home Purchase and Refi loans. Mid-southern Savings Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Madison, and Bedford among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mid-southern Savings Bank Fsb 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

    36

    Origination Dollar Volume (All Markets)

    $5,170,000

    Top 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
    LOUISVILLE, KY (FHA|USDA|VA) 26 $4,310,000 $165,769 $0 0.00%
    Madison, IN (FHA|USDA|VA) 2 $370,000 $185,000 $0 0.00%
    Outside of Metro Areas 4 $320,000 $80,000 $0 0.00%
    Bedford, IN (FHA|USDA|VA) 4 $170,000 $42,500 $0 0.00%
    Mid-southern Savings Bank Fsb's top markets include Louisville, Madison, and Bedford among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $5,170,000 $143,611 $0 0.00%

    For 2024, Mid-southern Savings Bank Fsb's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 18 $2,840,000 $157,778 $0 0.00%
    Refi 9 $1,385,000 $153,889 $0 0.00%
    Home Improvement 5 $695,000 $139,000 $0 0.00%
    Other 4 $250,000 $62,500 $0 0.00%

    For 2024, Mid-southern Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 18 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $5,170,000 $143,611 $0 0.00%

    For 2024, Mid-southern Savings Bank Fsb's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 15 $2,245,000 $149,667 $0 0.00%
    $100,000 or less 14 $690,000 $49,286 $0 0.00%
    $200k-400k 5 $1,355,000 $271,000 $0 0.00%
    $400k-600k 2 $880,000 $440,000 $0 0.00%

    2024 saw Mid-southern Savings Bank Fsb place emphasis on $100k-200k loans with 15 originations, totaling $2,245,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $1,240,000 $124,000 $0 0.00%
    $50k or less 8 $440,000 $55,000 $0 0.00%
    $75k-100k 4 $850,000 $212,500 $0 0.00%
    $100k-150k 3 $325,000 $108,333 $0 0.00%
    $150k-250k 3 $465,000 $155,000 $0 0.00%

    Mid-southern Savings Bank Fsb lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $50k or less, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $5,170,000 $143,611 $0 0.00%

    Mid-southern Savings Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $3,320,000 $118,571 $0 0.00%
    Not applicable 8 $1,850,000 $231,250 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.55%

    Mid-southern Savings Bank Fsb has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.11%

    Mid-southern Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $5,170,000 $143,611

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    36 $5,170,000 $143,611