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
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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
68Origination Dollar Volume (All Markets)
$17,280,000Top 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) | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications92.05%
Mid-southern Savings Bank Fsb has an average approval rate.
Pick Rate
Approvals leading to origination80.88%
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 |
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% |