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

Salem, IN

LEI: 549300E05TZE9VHI0I91

Tax ID: 35-0631260

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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.

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Originations

46

Origination Dollar Volume (All Markets)

$9,200,000

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) 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%
Mid-southern Savings Bank Fsb's top markets include Louisville, Sevierville, Kill Devil Hills, Bedford, and Bloomington among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 23 $6,305,000 $274,130 $0 0.00%
    Refi 16 $2,310,000 $144,375 $0 0.00%
    Other 4 $430,000 $107,500 $0 0.00%
    Home Improvement 3 $155,000 $51,667 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $1,065,000 $56,053 $0 0.00%
    $100k-200k 13 $1,835,000 $141,154 $0 0.00%
    $200k-400k 9 $2,455,000 $272,778 $0 0.00%
    $400k-600k 2 $810,000 $405,000 $0 0.00%
    $600k-1MM 2 $1,690,000 $845,000 $0 0.00%
    $1MM+ 1 $1,345,000 $1,345,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 10 $1,080,000 $108,000 $0 0.00%
    $50k or less 7 $375,000 $53,571 $0 0.00%
    $100k-150k 6 $970,000 $161,667 $0 0.00%
    $50k-75k 6 $710,000 $118,333 $0 0.00%
    $150k-250k 3 $745,000 $248,333 $0 0.00%
    $250k+ 3 $495,000 $165,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 11 $4,825,000 $438,636 $0 0.00%
    White 34 $4,250,000 $125,000 $0 0.00%
    Not provided 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.27%

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

    Pick Rate

    Approvals leading to origination
    63.04%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $9,200,000 $200,000