Silver Lake Bank Mortgage Rates, Fees & Info
Topeka, KSLEI: 549300LK4WOVIJ8FAK87
Tax ID: 48-0417970
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Mortgage Data
Review & Overview
Silver Lake Bank is a smaller bank specializing in Home Purchase and Refi loans. Silver Lake Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Lawrence, and Kansas City among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Silver Lake Bank 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
110Origination Dollar Volume (All Markets)
$23,710,000Top 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 |
|---|---|---|---|---|---|
| TOPEKA, KS (FHA|USDA|VA) | 62 | $9,260,000 | $149,355 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 17 | $5,145,000 | $302,647 | $0 | 0.00% |
| Outside of Metro Areas | 16 | $4,880,000 | $305,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 15 | $4,425,000 | $295,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 110 | $23,710,000 | $215,545 | $0 | 0.00% |
For 2023, Silver Lake Bank's most frequently originated type of loan was Conventional, with 110 originations.
Loan Reason
For 2023, Silver Lake Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 110 | $23,710,000 | $215,545 | $0 | 0.00% |
For 2023, Silver Lake Bank's most frequently cited loan duration was Other, with 110 originations.
Loan Sizing
2023 saw Silver Lake Bank place emphasis on $100k-200k loans with 40 originations, totaling $5,550,000 in origination value.
Applicant Income
Silver Lake Bank lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 110 | $23,710,000 | $215,545 | $0 | 0.00% |
Silver Lake Bank lent most frequently to those with DTI ratios of Exempt%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.62%
Silver Lake Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.18%
Silver Lake Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 110 | $23,710,000 | $215,545 |