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 Emporia .Southwest National Bank has an above average approval rate when compared to the average across all lenders.
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Originations
82Origination Dollar Volume (All Markets)
$21,410,000Top 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) | 79 | $20,815,000 | $263,481 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $530,000 | $265,000 | $0 | 0.00% |
| Emporia, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 82 | $21,410,000 | $261,098 | $0 | 0.00% |
For 2022, Southwest National Bank's most frequently originated type of loan was Conventional, with 82 originations.
Loan Reason
For 2022, Southwest National Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 82 | $21,410,000 | $261,098 | $0 | 0.00% |
For 2022, Southwest National Bank's most frequently cited loan duration was Other, with 82 originations.
Loan Sizing
2022 saw Southwest National Bank place emphasis on $100k-200k loans with 35 originations, totaling $4,815,000 in origination value.
Applicant Income
Southwest National Bank lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 82 | $21,410,000 | $261,098 | $0 | 0.00% |
Southwest National Bank lent most frequently to those with DTI ratios of Exempt%, with 82 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 74 | $20,400,000 | $275,676 | $0 | 0.00% |
| White | 8 | $1,010,000 | $126,250 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.25%
Southwest National Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 82 | $21,410,000 | $261,098 |