National Bankshares Mortgage Rates, Fees & Info
BLACKSBURG, VALEI: 549300Q745S62Q6QNW78
Tax ID: 54-0314870
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
National Bankshares is a smaller bank specializing in Home Purchase and Refi loans. National Bankshares has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Blacksburg, Lynchburg, Roanoke, Bluefield, and Kingsport among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)National Bankshares 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
209Origination Dollar Volume (All Markets)
$61,075,000Top 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 |
|---|---|---|---|---|---|
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 118 | $37,120,000 | $314,576 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 13 | $5,545,000 | $426,538 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 12 | $5,030,000 | $419,167 | $0 | 0.00% |
| Outside of Metro Areas | 23 | $3,895,000 | $169,348 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 27 | $2,895,000 | $107,222 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 10 | $2,340,000 | $234,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,685,000 | $1,685,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against NATIONAL BANKSHARES 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 | 205 | $60,455,000 | $294,902 | $0 | 0.00% |
| VA | 2 | $400,000 | $200,000 | $0 | 0.00% |
| USDA | 2 | $220,000 | $110,000 | $0 | 0.00% |
For 2024, National Bankshares's most frequently originated type of loan was Conventional, with 205 originations. Their 2nd most popular type was VA, with 2 originations.
Loan Reason
For 2024, National Bankshares's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 209 | $61,075,000 | $292,225 | $0 | 0.00% |
For 2024, National Bankshares's most frequently cited loan duration was Other, with 209 originations.
Loan Sizing
2024 saw National Bankshares place emphasis on $100k-200k loans with 63 originations, totaling $9,295,000 in origination value.
Applicant Income
National Bankshares lent most frequently to those with incomes in the $100k-150k range, with 41 originations. The second most popular income band? $50k-75k, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 209 | $61,075,000 | $292,225 | $0 | 0.00% |
National Bankshares lent most frequently to those with DTI ratios of Exempt%, with 209 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.64%
National Bankshares has an average approval rate.
Pick Rate
Approvals leading to origination81.82%
National Bankshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 209 | $61,075,000 | $292,225 |