The First National Bank Of Carmi Mortgage Rates, Fees & Info
Carmi, ILLEI: 549300KH5RQTNDNNHM28
Tax ID: 37-0206222
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The First National Bank Of Carmi is a smaller bank specializing in Home Purchase loans. The First National Bank Of Carmi has a high proportion of conventional loans. Their top markets by origination volume include: Evansville, Terre Haute, Louisville, The Villages, and Danville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)The First National Bank Of Carmi 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.
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Originations
72Origination Dollar Volume (All Markets)
$13,910,000Top 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 |
|---|---|---|---|---|---|
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 24 | $6,900,000 | $287,500 | $0 | 0.00% |
| Outside of Metro Areas | 38 | $4,920,000 | $129,474 | $0 | 0.00% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Vincennes, IN (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $13,910,000 | $193,194 | $0 | 0.00% |
For 2023, The First National Bank Of Carmi's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2023, The First National Bank Of Carmi's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $13,910,000 | $193,194 | $0 | 0.00% |
For 2023, The First National Bank Of Carmi's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2023 saw The First National Bank Of Carmi place emphasis on $100,000 or less loans with 29 originations, totaling $1,865,000 in origination value.
Applicant Income
The First National Bank Of Carmi lent most frequently to those with incomes in the $50k-75k range, with 14 originations. The second most popular income band? $75k-100k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $13,910,000 | $193,194 | $0 | 0.00% |
The First National Bank Of Carmi lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 50 | $7,880,000 | $157,600 | $0 | 0.00% |
| Not applicable | 22 | $6,030,000 | $274,091 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.10%
The First National Bank Of Carmi has an average approval rate.
Pick Rate
Approvals leading to origination87.50%
The First National Bank Of Carmi has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $13,910,000 | $193,194 |