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

Review & Overview

Marion Center Bank is a smaller bank specializing in Home Purchase and Refi loans. Marion Center Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indiana, Pittsburgh, Dubois, Boston, and Johnstown among others. We have data for 9 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.

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Originations

198

Origination Dollar Volume (All Markets)

$33,080,000

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)	79	$12,625,000	$159,810	$0	0.00%
Outside of Metro Areas	47	$7,705,000	$163,936	$0	0.00%
PITTSBURGH, PA (FHA\|USDA\|VA)	30	$4,480,000	$149,333	$0	0.00%
DuBois, PA (FHA\|USDA\|VA)	24	$4,480,000	$186,667	$0	0.00%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	1	$1,875,000	$1,875,000	$0	0.00%
JOHNSTOWN, PA (FHA\|USDA\|VA)	13	$1,465,000	$112,692	$0	0.00%
St. Marys, PA (FHA\|USDA\|VA)	2	$210,000	$105,000	$0	0.00%
ALTOONA, PA (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
Meadville, PA (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%

Marion Center Bank's top markets include Indiana, Pittsburgh, Dubois, Boston, and Johnstown among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

Massachusetts (FHA|USDA|VA)

Ohio (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	198	$33,080,000	$167,071	$0	0.00%

For 2022, Marion Center Bank's most frequently originated type of loan was Conventional, with 198 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	104	$18,850,000	$181,250	$0	0.00%
Refi	51	$9,845,000	$193,039	$0	0.00%
Cash Out Refi	22	$2,550,000	$115,909	$0	0.00%
Other	14	$1,260,000	$90,000	$0	0.00%
Home Improvement	7	$575,000	$82,143	$0	0.00%

For 2022, Marion Center Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 51 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	198	$33,080,000	$167,071	$0	0.00%

For 2022, Marion Center Bank's most frequently cited loan duration was Other, with 198 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	76	$11,010,000	$144,868	$0	0.00%
$100,000 or less	74	$4,270,000	$57,703	$0	0.00%
$200k-400k	37	$9,765,000	$263,919	$0	0.00%
$400k-600k	7	$3,265,000	$466,429	$0	0.00%
$1MM+	2	$2,960,000	$1,480,000	$0	0.00%
$600k-1MM	2	$1,810,000	$905,000	$0	0.00%

2022 saw Marion Center Bank place emphasis on $100k-200k loans with 76 originations, totaling $11,010,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	58	$7,740,000	$133,448	$0	0.00%
$50k or less	48	$5,060,000	$105,417	$0	0.00%
$100k-150k	33	$6,955,000	$210,758	$0	0.00%
$75k-100k	32	$4,760,000	$148,750	$0	0.00%
$150k-250k	9	$2,085,000	$231,667	$0	0.00%
$250k+	8	$5,220,000	$652,500	$0	0.00%

Marion Center Bank lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $50k or less, with 48 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	198	$33,080,000	$167,071	$0	0.00%

Marion Center Bank lent most frequently to those with DTI ratios of Exempt%, with 198 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	185	$29,315,000	$158,459	$0	0.00%
Not provided	1	$1,875,000	$1,875,000	$0	0.00%
Not applicable	9	$1,015,000	$112,778	$0	0.00%
Black	1	$535,000	$535,000	$0	0.00%
Asian	1	$245,000	$245,000	$0	0.00%
Other Asian	1	$95,000	$95,000	$0	0.00%

Approval Rates

Total approvals of all applications
81.04%

Marion Center Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
89.90%

Marion Center Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	198	$33,080,000	$167,071

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	198	$33,080,000	$167,071