The First National Bank Of Carmi Mortgage Rates, Fees & Info

Carmi, IL

LEI: 549300KH5RQTNDNNHM28

Tax ID: 37-0206222

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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

72

Origination Dollar Volume (All Markets)

$13,910,000

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
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%
The First National Bank Of Carmi's top markets include Evansville, Terre Haute, Louisville, The Villages, and Danville among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $12,755,000 $223,772 $0 0.00%
    Refi 7 $645,000 $92,143 $0 0.00%
    Cash Out Refi 7 $485,000 $69,286 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,865,000 $64,310 $0 0.00%
    $100k-200k 24 $3,400,000 $141,667 $0 0.00%
    $200k-400k 12 $3,410,000 $284,167 $0 0.00%
    $400k-600k 5 $2,705,000 $541,000 $0 0.00%
    $1MM+ 1 $1,605,000 $1,605,000 $0 0.00%
    $600k-1MM 1 $925,000 $925,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 14 $1,560,000 $111,429 $0 0.00%
    $75k-100k 11 $1,185,000 $107,727 $0 0.00%
    $50k or less 7 $605,000 $86,429 $0 0.00%
    $100k-150k 6 $1,370,000 $228,333 $0 0.00%
    $150k-250k 5 $1,555,000 $311,000 $0 0.00%
    $250k+ 5 $1,455,000 $291,000 $0 0.00%

    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 applications
    93.10%

    The First National Bank Of Carmi has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.50%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    72 $13,910,000 $193,194