Crossroads Bank Mortgage Rates, Fees & Info
Wabash, INLEI: 549300KTSX5SM2W0VV58
Tax ID: 35-1131741
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Mortgage Data
Review & Overview
Crossroads Bank is a smaller bank specializing in Home Purchase loans. Crossroads Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wabash, Warsaw, Fort Wayne, Peru, and Marion among others. We have data for 21 markets. (Some data included below & more in-depth data is available with an active subscription.)Crossroads Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
212Origination Dollar Volume (All Markets)
$40,290,000Top 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 |
|---|---|---|---|---|---|
| Wabash, IN (FHA|USDA|VA) | 72 | $11,320,000 | $157,222 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 33 | $7,945,000 | $240,758 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 38 | $7,800,000 | $205,263 | $0 | 0.00% |
| Peru, IN (FHA|USDA|VA) | 19 | $2,345,000 | $123,421 | $0 | 0.00% |
| Marion, IN (FHA|USDA|VA) | 8 | $2,190,000 | $273,750 | $0 | 0.00% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $950,000 | $237,500 | $0 | 0.00% |
| Huntington, IN (FHA|USDA|VA) | 7 | $925,000 | $132,143 | $0 | 0.00% |
| MUNCIE, IN (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $0 | 0.00% |
| Logansport, IN (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $0 | 0.00% |
| Auburn, IN (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 8 | $520,000 | $65,000 | $0 | 0.00% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Kendallville, IN (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Angola, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Crossroads Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 212 | $40,290,000 | $190,047 | $0 | 0.00% |
For 2024, Crossroads Bank's most frequently originated type of loan was Conventional, with 212 originations.
Loan Reason
For 2024, Crossroads Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 212 | $40,290,000 | $190,047 | $0 | 0.00% |
For 2024, Crossroads Bank's most frequently cited loan duration was Other, with 212 originations.
Loan Sizing
2024 saw Crossroads Bank place emphasis on $100k-200k loans with 71 originations, totaling $10,305,000 in origination value.
Applicant Income
Crossroads Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k or less, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 212 | $40,290,000 | $190,047 | $0 | 0.00% |
Crossroads Bank lent most frequently to those with DTI ratios of Exempt%, with 212 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.15%
Crossroads Bank has an average approval rate.
Pick Rate
Approvals leading to origination94.81%
Crossroads Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 212 | $40,290,000 | $190,047 |