The New Washington State Bank Mortgage Rates, Fees & Info
New Washington, INLEI: 549300Q16CNQMW0O1O02
Tax ID: 35-0546040
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The New Washington State Bank is a smaller bank specializing in Home Purchase and Refi loans. The New Washington State Bank has a high proportion of conventional loans. Their top (well, only) market is Louisville.The New Washington State 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
95Origination Dollar Volume (All Markets)
$23,795,000Top 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 |
|---|---|---|---|---|---|
| LOUISVILLE, KY (FHA|USDA|VA) | 80 | $20,910,000 | $261,375 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $2,885,000 | $192,333 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The New Washington State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 270
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $23,795,000 | $250,474 | $0 | 0.00% |
For 2023, The New Washington State Bank's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
For 2023, The New Washington State Bank's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 95 | $23,795,000 | $250,474 | $0 | 0.00% |
For 2023, The New Washington State Bank's most frequently cited loan duration was Other, with 95 originations.
Loan Sizing
2023 saw The New Washington State Bank place emphasis on $100k-200k loans with 31 originations, totaling $4,405,000 in origination value.
Applicant Income
The New Washington State Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $50k-75k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 95 | $23,795,000 | $250,474 | $0 | 0.00% |
The New Washington State Bank lent most frequently to those with DTI ratios of Exempt%, with 95 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.16%
The New Washington State Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.21%
The New Washington State Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 95 | $23,795,000 | $250,474 |