Southwest National Bank Mortgage Rates, Fees & Info

Wichita, KS

LEI: 549300FJI86JAMJGHR47

Tax ID: 48-0428300

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Mortgage Data

Review & Overview

Southwest National Bank is a smaller bank specializing in Home Purchase and Refi loans. Southwest National Bank has a high proportion of conventional loans. Their top two markets are Wichita and Austin .

Southwest National Bank has an above average approval rate when compared to the average across all lenders.

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Originations

53

Origination Dollar Volume (All Markets)

$9,115,000

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
WICHITA, KS (FHA|USDA|VA) 51 $7,275,000 $142,647 $0 0.00%
Outside of Metro Areas 1 $1,405,000 $1,405,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
Southwest National Bank's top markets include Wichita and Austin among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $9,115,000 $171,981 $0 0.00%

    For 2023, Southwest National Bank's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $5,030,000 $179,643 $0 0.00%
    Refi 21 $3,625,000 $172,619 $0 0.00%
    Home Improvement 4 $460,000 $115,000 $0 0.00%

    For 2023, Southwest National Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $9,115,000 $171,981 $0 0.00%

    For 2023, Southwest National Bank's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 27 $3,665,000 $135,741 $0 0.00%
    $100,000 or less 17 $1,415,000 $83,235 $0 0.00%
    $200k-400k 6 $1,470,000 $245,000 $0 0.00%
    $1MM+ 1 $1,405,000 $1,405,000 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%
    $600k-1MM 1 $725,000 $725,000 $0 0.00%

    2023 saw Southwest National Bank place emphasis on $100k-200k loans with 27 originations, totaling $3,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 2 $350,000 $175,000 $0 0.00%
    $75k-100k 1 $195,000 $195,000 $0 0.00%

    Southwest National Bank lent most frequently to those with incomes in the $150k-250k range, with 2 originations. The second most popular income band? $75k-100k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $9,115,000 $171,981 $0 0.00%

    Southwest National Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $8,570,000 $171,400 $0 0.00%
    White 3 $545,000 $181,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Southwest National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $9,115,000 $171,981

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    53 $9,115,000 $171,981