National Bankshares Mortgage Rates, Fees & Info
BLACKSBURG, VALEI: 549300Q745S62Q6QNW78
Tax ID: 54-0314870
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Mortgage Data
Review & Overview
National Bankshares is a smaller bank specializing in Home Purchase 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, Roanoke, Bluefield, Kingsport, and Charlottesville among others. We have data for 10 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.
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
201Origination Dollar Volume (All Markets)
$44,445,000Top 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) | 112 | $23,790,000 | $212,411 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 13 | $7,525,000 | $578,846 | $0 | 0.00% |
| Outside of Metro Areas | 38 | $7,100,000 | $186,842 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 26 | $2,690,000 | $103,462 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 6 | $1,050,000 | $175,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $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 | 200 | $44,340,000 | $221,700 | $0 | 0.00% |
| USDA | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2023, National Bankshares's most frequently originated type of loan was Conventional, with 200 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, National Bankshares's most frequently cited loan purpose was Home Purchase, with 106 originations. The 2nd most popular reason was Refi, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 201 | $44,445,000 | $221,119 | $0 | 0.00% |
For 2023, National Bankshares's most frequently cited loan duration was Other, with 201 originations.
Loan Sizing
2023 saw National Bankshares place emphasis on $100,000 or less loans with 85 originations, totaling $4,535,000 in origination value.
Applicant Income
National Bankshares lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $75k-100k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 201 | $44,445,000 | $221,119 | $0 | 0.00% |
National Bankshares lent most frequently to those with DTI ratios of Exempt%, with 201 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.57%
National Bankshares has an average approval rate.
Pick Rate
Approvals leading to origination79.10%
National Bankshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 201 | $44,445,000 | $221,119 |