The National Bank Of Indianapolis Mortgage Rates, Fees & Info

Indianapolis, IN

LEI: 549300FTS7TVGFDGUH88

Tax ID: 35-1904483

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The National Bank Of Indianapolis is a smaller bank specializing in Home Purchase and Refi loans. The National Bank Of Indianapolis has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Cleveland, Warsaw, Bloomington, and Miami among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

The National Bank Of Indianapolis 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.57% 5/26/24
30 Year Conventional Refi 6.59% 5/26/24
15 Year Conventional Purchase 6.13% 5/26/24
15 Year Conventional Refi 6.33% 5/26/24
15 Year Cash-out Refi 6.33% 5/26/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The National Bank Of Indianapolis Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The National Bank Of Indianapolis. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

402

Origination Dollar Volume (All Markets)

$176,500,000

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 385 $163,325,000 $424,221 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $3,555,000 $3,555,000 $0 0.00%
Warsaw, IN (FHA|USDA|VA) 3 $2,275,000 $758,333 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 3 $2,225,000 $741,667 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $935,000 $935,000 $0 0.00%
Outside of Metro Areas 1 $675,000 $675,000 $0 0.00%
Greensburg, IN (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
The National Bank Of Indianapolis's top markets include Indianapolis, Cleveland, Warsaw, Bloomington, and Miami among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The National Bank of Indianapolis based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Mutual Savings Bank
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    First Internet Bank of Indiana
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 402 $176,500,000 $439,055 $0 0.00%

    For 2023, The National Bank Of Indianapolis's most frequently originated type of loan was Conventional, with 402 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 149 $95,285,000 $639,497 $0 0.00%
    Refi 117 $47,735,000 $407,991 $0 0.00%
    Other 114 $30,070,000 $263,772 $0 0.00%
    Home Improvement 22 $3,410,000 $155,000 $0 0.00%

    For 2023, The National Bank Of Indianapolis's most frequently cited loan purpose was Home Purchase, with 149 originations. The 2nd most popular reason was Refi, with 117 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 402 $176,500,000 $439,055 $0 0.00%

    For 2023, The National Bank Of Indianapolis's most frequently cited loan duration was Other, with 402 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 117 $33,525,000 $286,538 $0 0.00%
    $100k-200k 97 $14,545,000 $149,948 $0 0.00%
    $400k-600k 61 $29,505,000 $483,689 $0 0.00%
    $100,000 or less 52 $3,440,000 $66,154 $0 0.00%
    $600k-1MM 46 $35,520,000 $772,174 $0 0.00%
    $1MM+ 29 $59,965,000 $2,067,759 $0 0.00%

    2023 saw The National Bank Of Indianapolis place emphasis on $200k-400k loans with 117 originations, totaling $33,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 230 $114,510,000 $497,870 $0 0.00%
    $150k-250k 59 $17,225,000 $291,949 $0 0.00%
    $50k-75k 39 $7,635,000 $195,769 $0 0.00%
    $100k-150k 34 $6,880,000 $202,353 $0 0.00%
    $50k or less 12 $1,440,000 $120,000 $0 0.00%
    $75k-100k 12 $2,050,000 $170,833 $0 0.00%

    The National Bank Of Indianapolis lent most frequently to those with incomes in the $250k+ range, with 230 originations. The second most popular income band? $150k-250k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 402 $176,500,000 $439,055 $0 0.00%

    The National Bank Of Indianapolis lent most frequently to those with DTI ratios of Exempt%, with 402 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 351 $134,925,000 $384,402 $0 0.00%
    Not applicable 5 $24,365,000 $4,873,000 $0 0.00%
    Not provided 19 $8,085,000 $425,526 $0 0.00%
    Asian 11 $5,165,000 $469,545 $0 0.00%
    Black 15 $3,805,000 $253,667 $0 0.00%
    Other Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.50%

    The National Bank Of Indianapolis has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.57%

    The National Bank Of Indianapolis has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 402 $176,500,000 $439,055

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    402 $176,500,000 $439,055