Marion Center Bank Mortgage Rates, Fees & Info

Indiana, PA

LEI: 549300I2CHGNBJYRHV02

Tax ID: 25-0639051

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Marion Center Bank is a smaller bank specializing in Home Purchase loans. Marion Center Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indiana, Dubois, Pittsburgh, Johnstown, and St. Marys among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Marion Center Bank has an 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.

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    Originations

    115

    Origination Dollar Volume (All Markets)

    $15,805,000

    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
    Indiana, PA (FHA|USDA|VA) 51 $6,525,000 $127,941 $0 0.00%
    Outside of Metro Areas 30 $3,370,000 $112,333 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 19 $2,655,000 $139,737 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 8 $2,630,000 $328,750 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 6 $560,000 $93,333 $0 0.00%
    St. Marys, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Marion Center Bank's top markets include Indiana, Dubois, Pittsburgh, Johnstown, and St. Marys among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 115 $15,805,000 $137,435 $0 0.00%

    For 2023, Marion Center Bank's most frequently originated type of loan was Conventional, with 115 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $12,035,000 $160,467 $0 0.00%
    Home Improvement 13 $855,000 $65,769 $0 0.00%
    Refi 12 $1,490,000 $124,167 $0 0.00%
    Other 9 $815,000 $90,556 $0 0.00%
    Cash Out Refi 6 $610,000 $101,667 $0 0.00%

    For 2023, Marion Center Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Home Improvement, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $15,805,000 $137,435 $0 0.00%

    For 2023, Marion Center Bank's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 60 $2,930,000 $48,833 $0 0.00%
    $100k-200k 33 $4,845,000 $146,818 $0 0.00%
    $200k-400k 17 $4,625,000 $272,059 $0 0.00%
    $400k-600k 3 $1,505,000 $501,667 $0 0.00%
    $1MM+ 1 $1,255,000 $1,255,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2023 saw Marion Center Bank place emphasis on $100,000 or less loans with 60 originations, totaling $2,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $3,535,000 $130,926 $0 0.00%
    $50k-75k 22 $2,060,000 $93,636 $0 0.00%
    $75k-100k 17 $2,195,000 $129,118 $0 0.00%
    $50k or less 15 $1,235,000 $82,333 $0 0.00%
    $150k-250k 9 $2,235,000 $248,333 $0 0.00%
    $250k+ 3 $445,000 $148,333 $0 0.00%

    Marion Center Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $15,805,000 $137,435 $0 0.00%

    Marion Center Bank lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 108 $13,610,000 $126,019 $0 0.00%
    Not applicable 5 $1,985,000 $397,000 $0 0.00%
    Black 1 $185,000 $185,000 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.38%

    Marion Center Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.57%

    Marion Center Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 115 $15,805,000 $137,435

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    115 $15,805,000 $137,435