Mid-southern Savings Bank Fsb Mortgage Rates, Fees & Info
Salem, INLEI: 549300E05TZE9VHI0I91
Tax ID: 35-0631260
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
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, Sevierville, Kill Devil Hills, Bedford, and Bloomington among others. We have data for 7 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.
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
46Origination Dollar Volume (All Markets)
$9,200,000Top 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 |
|---|---|---|---|---|---|
| LOUISVILLE, KY (FHA|USDA|VA) | 34 | $5,650,000 | $166,176 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,345,000 | $1,345,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $995,000 | $995,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $640,000 | $160,000 | $0 | 0.00% |
| Bedford, IN (FHA|USDA|VA) | 4 | $300,000 | $75,000 | $0 | 0.00% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $9,200,000 | $200,000 | $0 | 0.00% |
For 2023, Mid-southern Savings Bank Fsb's most frequently originated type of loan was Conventional, with 46 originations.
Loan Reason
For 2023, Mid-southern Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 46 | $9,200,000 | $200,000 | $0 | 0.00% |
For 2023, Mid-southern Savings Bank Fsb's most frequently cited loan duration was Other, with 46 originations.
Loan Sizing
2023 saw Mid-southern Savings Bank Fsb place emphasis on $100,000 or less loans with 19 originations, totaling $1,065,000 in origination value.
Applicant Income
Mid-southern Savings Bank Fsb lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 46 | $9,200,000 | $200,000 | $0 | 0.00% |
Mid-southern Savings Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 46 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.27%
Mid-southern Savings Bank Fsb has a below average approval rate.
Pick Rate
Approvals leading to origination63.04%
Mid-southern Savings Bank Fsb has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 46 | $9,200,000 | $200,000 |