The Inglis Dealership Mortgage Rates, Fees & Info
TALLAHASSEE, FLLEI: 549300QA44K2T51DMS02
Tax ID: 59-3071684
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Mortgage Data
Review & Overview
The Inglis Dealership is a smaller mortgage company specializing in Home Purchase loans. The Inglis Dealership has a high proportion of conventional loans. Their top markets by origination volume include: Kokomo, Fort Wayne, Charleston, Muncie, and Marion among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)The Inglis Dealership 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.
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Originations
708Origination Dollar Volume (All Markets)
$19,110,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 86 | $2,500,000 | $29,070 | $0 | 5.98% |
| KOKOMO, IN (FHA|USDA|VA) | 72 | $1,840,000 | $25,556 | $0 | 5.98% |
| FORT WAYNE, IN (FHA|USDA|VA) | 65 | $1,705,000 | $26,231 | $0 | 5.96% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 55 | $1,475,000 | $26,818 | $0 | 5.99% |
| MUNCIE, IN (FHA|USDA|VA) | 48 | $1,320,000 | $27,500 | $0 | 5.99% |
| Marion, IN (FHA|USDA|VA) | 47 | $1,265,000 | $26,915 | $0 | 5.98% |
| Warsaw, IN (FHA|USDA|VA) | 48 | $1,260,000 | $26,250 | $0 | 5.97% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 39 | $1,115,000 | $28,590 | $0 | 5.97% |
| Galesburg, IL (FHA|USDA|VA) | 40 | $1,070,000 | $26,750 | $0 | 5.96% |
| Madison, IN (FHA|USDA|VA) | 41 | $1,055,000 | $25,732 | $0 | 5.97% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 27 | $825,000 | $30,556 | $0 | 5.98% |
| Jacksonville, IL (FHA|USDA|VA) | 29 | $785,000 | $27,069 | $0 | 5.99% |
| Mount Vernon, IL (FHA|USDA|VA) | 25 | $685,000 | $27,400 | $0 | 5.98% |
| Peru, IN (FHA|USDA|VA) | 27 | $675,000 | $25,000 | $0 | 5.99% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 18 | $610,000 | $33,889 | $0 | 5.96% |
| PEORIA, IL (FHA|USDA|VA) | 14 | $430,000 | $30,714 | $0 | 5.97% |
| NILES, MI (FHA|USDA|VA) | 15 | $275,000 | $18,333 | $0 | 6.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 12 | $220,000 | $18,333 | $0 | 5.97% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 708 | $19,110,000 | $26,992 | $0 | 5.98% |
For 2020, The Inglis Dealership's most frequently originated type of loan was Conventional, with 708 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 708 | $19,110,000 | $26,992 | $0 | 5.98% |
For 2020, The Inglis Dealership's most frequently cited loan purpose was Home Purchase, with 708 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 701 | $18,925,000 | $26,997 | $0 | 5.98% |
| 10 Year | 7 | $185,000 | $26,429 | $0 | 5.97% |
For 2020, The Inglis Dealership's most frequently cited loan duration was Other, with 701 originations. The 2nd most popular length was 10 Year, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 410 | $11,320,000 | $27,610 |
| % | 235 | $6,355,000 | $27,043 |
During 2020, The Inglis Dealership's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 410 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 708 | $19,110,000 | $26,992 | $0 | 5.98% |
2020 saw The Inglis Dealership place emphasis on $100,000 or less loans with 708 originations, totaling $19,110,000 in origination value.
Applicant Income
The Inglis Dealership lent most frequently to those with incomes in the $50k or less range, with 661 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
The Inglis Dealership lent most frequently to those with DTI ratios of 20-30%, with 242 originations. The next most common DTI ratio? 30-36%, with 169 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.32%
The Inglis Dealership has a below average approval rate.
Pick Rate
Approvals leading to origination67.09%
The Inglis Dealership has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 708 | $19,110,000 | $26,992 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 708 | $19,110,000 | $26,992 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TAMMAC HOLDINGS CORP | Other type of mortgage | Closing on a mortgage | 1 | 100.0% |