Independence State Bank Mortgage Rates, Fees & Info
Independence, WILEI: 549300OBOL474MATJ593
Tax ID: 39-0634260
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Independence State Bank is a smaller bank specializing in Refi and Home Purchase loans. Independence State Bank has a high proportion of conventional loans. Their top (well, only) market is Eau Claire.Independence State Bank has an above average approval rate when compared to the average across all lenders.
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Originations
21Origination Dollar Volume (All Markets)
$2,705,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 17 | $1,885,000 | $110,882 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 21 | $2,705,000 | $128,810 | $0 | 0.00% |
For 2023, Independence State Bank's most frequently originated type of loan was Conventional, with 21 originations.
Loan Reason
For 2023, Independence State Bank's most frequently cited loan purpose was Refi, with 11 originations. The 2nd most popular reason was Home Purchase, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 21 | $2,705,000 | $128,810 | $0 | 0.00% |
For 2023, Independence State Bank's most frequently cited loan duration was Other, with 21 originations.
Loan Sizing
2023 saw Independence State Bank place emphasis on $100,000 or less loans with 10 originations, totaling $570,000 in origination value.
Applicant Income
Independence State Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 21 | $2,705,000 | $128,810 | $0 | 0.00% |
Independence State Bank lent most frequently to those with DTI ratios of Exempt%, with 21 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 10 | $1,500,000 | $150,000 | $0 | 0.00% |
| White | 11 | $1,205,000 | $109,545 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.30%
Independence State Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $2,705,000 | $128,810 |