The New Washington State Bank Mortgage Rates, Fees & Info

New Washington, IN

LEI: 549300Q16CNQMW0O1O02

Tax ID: 35-0546040

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The New Washington State Bank is a smaller bank specializing in Home Purchase loans. The New Washington State Bank has a high proportion of conventional loans. Their top two markets are Louisville and Madison .

    The New Washington State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    74

    Origination Dollar Volume (All Markets)

    $14,990,000

    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
    LOUISVILLE, KY (FHA|USDA|VA) 65 $13,135,000 $202,077 $0 0.00%
    Outside of Metro Areas 8 $1,730,000 $216,250 $0 0.00%
    Madison, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    The New Washington State Bank's top markets include Louisville and Madison among others.

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

    • 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.

    TRANSCEND
    Similarity Rank: 60
    Abound Federal Credit Union
    Similarity Rank: 247
    COMMONWEALTH
    Similarity Rank: 325
    First Harrison Bank
    Similarity Rank: 855
    Community Trust Bank, Inc.
    Similarity Rank: 924
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 994
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1120
    Forcht Bank
    Similarity Rank: 1139
    German American Bank
    Similarity Rank: 1353
    Independence Bank of Kentucky
    Similarity Rank: 1932

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 74 $14,990,000 $202,568 $0 0.00%

    For 2024, The New Washington State Bank's most frequently originated type of loan was Conventional, with 74 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $11,450,000 $248,913 $0 0.00%
    Refi 13 $2,465,000 $189,615 $0 0.00%
    Other 9 $645,000 $71,667 $0 0.00%
    Home Improvement 6 $430,000 $71,667 $0 0.00%

    For 2024, The New Washington State Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 74 $14,990,000 $202,568 $0 0.00%

    For 2024, The New Washington State Bank's most frequently cited loan duration was Other, with 74 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,360,000 $56,667 $0 0.00%
    $200k-400k 24 $6,690,000 $278,750 $0 0.00%
    $100k-200k 18 $2,740,000 $152,222 $0 0.00%
    $400k-600k 6 $2,820,000 $470,000 $0 0.00%
    $600k-1MM 2 $1,380,000 $690,000 $0 0.00%

    2024 saw The New Washington State Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $3,020,000 $215,714 $0 0.00%
    $75k-100k 12 $1,990,000 $165,833 $0 0.00%
    $150k-250k 10 $3,000,000 $300,000 $0 0.00%
    $50k-75k 9 $735,000 $81,667 $0 0.00%
    $50k or less 8 $770,000 $96,250 $0 0.00%
    $250k+ 7 $2,445,000 $349,286 $0 0.00%

    The New Washington State Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 74 $14,990,000 $202,568 $0 0.00%

    The New Washington State Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 61 $11,735,000 $192,377 $0 0.00%
    Not applicable 12 $2,650,000 $220,833 $0 0.00%
    Not provided 1 $605,000 $605,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    74.11%

    The New Washington State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    87.84%

    The New Washington State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 74 $14,990,000 $202,568

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    74 $14,990,000 $202,568