National Bankshares Mortgage Rates, Fees & Info
BLACKSBURG, VALEI: 549300Q745S62Q6QNW78
Tax ID: 54-0314870
Latest/2023 | 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. Their top markets by origination volume include: Blacksburg, Roanoke, Bluefield, Kingsport, and Lynchburg 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
292Origination Dollar Volume (All Markets)
$88,010,000Top 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) | 187 | $50,125,000 | $268,048 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 28 | $22,020,000 | $786,429 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $7,845,000 | $253,065 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 23 | $3,155,000 | $137,174 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 15 | $2,905,000 | $193,667 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $820,000 | $205,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $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 | 291 | $87,825,000 | $301,804 | $0 | 0.00% |
| VA | 1 | $185,000 | $185,000 | $0 | 0.00% |
For 2022, National Bankshares's most frequently originated type of loan was Conventional, with 291 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2022, National Bankshares's most frequently cited loan purpose was Home Purchase, with 165 originations. The 2nd most popular reason was Refi, with 69 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 292 | $88,010,000 | $301,404 | $0 | 0.00% |
For 2022, National Bankshares's most frequently cited loan duration was Other, with 292 originations.
Loan Sizing
2022 saw National Bankshares place emphasis on $100,000 or less loans with 93 originations, totaling $5,195,000 in origination value.
Applicant Income
National Bankshares lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $100k-150k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 292 | $88,010,000 | $301,404 | $0 | 0.00% |
National Bankshares lent most frequently to those with DTI ratios of Exempt%, with 292 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.34%
National Bankshares has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.22%
National Bankshares has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 292 | $88,010,000 | $301,404 |