Southwest National Bank Mortgage Rates, Fees & Info
Wichita, KSLEI: 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
53Origination Dollar Volume (All Markets)
$9,115,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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 applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $9,115,000 | $171,981 |