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 Refi and Home Purchase loans. Mid-southern Savings Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Miami, Bedford, Cincinnati, and Scottsburg 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 above 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

68

Origination Dollar Volume (All Markets)

$17,280,000

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) 55 $15,415,000 $280,273 $0 0.00%
Outside of Metro Areas 5 $625,000 $125,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
Bedford, IN (FHA|USDA|VA) 4 $330,000 $82,500 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Scottsburg, IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Madison, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Mid-southern Savings Bank Fsb's top markets include Louisville, Miami, Bedford, Cincinnati, and Scottsburg among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 68 $17,280,000 $254,118 $0 0.00%

    For 2022, Mid-southern Savings Bank Fsb's most frequently originated type of loan was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 30 $7,430,000 $247,667 $0 0.00%
    Home Purchase 24 $7,900,000 $329,167 $0 0.00%
    Other 8 $820,000 $102,500 $0 0.00%
    Home Improvement 6 $1,130,000 $188,333 $0 0.00%

    For 2022, Mid-southern Savings Bank Fsb's most frequently cited loan purpose was Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 68 $17,280,000 $254,118 $0 0.00%

    For 2022, Mid-southern Savings Bank Fsb's most frequently cited loan duration was Other, with 68 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 26 $3,540,000 $136,154 $0 0.00%
    $100,000 or less 22 $1,350,000 $61,364 $0 0.00%
    $200k-400k 11 $3,345,000 $304,091 $0 0.00%
    $1MM+ 3 $5,485,000 $1,828,333 $0 0.00%
    $400k-600k 3 $1,385,000 $461,667 $0 0.00%
    $600k-1MM 3 $2,175,000 $725,000 $0 0.00%

    2022 saw Mid-southern Savings Bank Fsb place emphasis on $100k-200k loans with 26 originations, totaling $3,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 9 $875,000 $97,222 $0 0.00%
    $50k-75k 8 $840,000 $105,000 $0 0.00%
    $75k-100k 8 $900,000 $112,500 $0 0.00%
    $100k-150k 7 $1,185,000 $169,286 $0 0.00%
    $150k-250k 5 $975,000 $195,000 $0 0.00%
    $250k+ 2 $300,000 $150,000 $0 0.00%

    Mid-southern Savings Bank Fsb lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $17,280,000 $254,118 $0 0.00%

    Mid-southern Savings Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 68 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $12,205,000 $420,862 $0 0.00%
    White 38 $4,870,000 $128,158 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.05%

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

    Pick Rate

    Approvals leading to origination
    80.88%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $17,280,000 $254,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    68 $17,280,000 $254,118

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Midwest Loan Services, Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%