The Home National Bank Of Thorntown Mortgage Rates, Fees & Info

Thorntown, IN

LEI: 549300Z0OW7UDR5F5Z46

Tax ID: 35-0389890

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Mortgage Data

Review & Overview

The Home National Bank Of Thorntown is a smaller bank specializing in Home Purchase loans. The Home National Bank Of Thorntown has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Lafayette, Chicago, Fort Wayne, and Frankfort among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Home National Bank Of Thorntown has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

108

Origination Dollar Volume (All Markets)

$24,470,000

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
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 68 $15,640,000 $230,000 $0 0.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 11 $2,445,000 $222,273 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 5 $1,365,000 $273,000 $0 0.00%
FORT WAYNE, IN (FHA|USDA|VA) 3 $1,355,000 $451,667 $0 0.00%
Frankfort, IN (FHA|USDA|VA) 7 $765,000 $109,286 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
Outside of Metro Areas 4 $520,000 $130,000 $0 0.00%
Crawfordsville, IN (FHA|USDA|VA) 2 $370,000 $185,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
KOKOMO, IN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Jasper, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Greensburg, IN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
The Home National Bank Of Thorntown's top markets include Indianapolis, Lafayette, Chicago, Fort Wayne, and Frankfort among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $24,470,000 $226,574 $0 0.00%

    For 2023, The Home National Bank Of Thorntown's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $19,175,000 $255,667 $0 0.00%
    Cash Out Refi 20 $2,990,000 $149,500 $0 0.00%
    Refi 13 $2,305,000 $177,308 $0 0.00%

    For 2023, The Home National Bank Of Thorntown's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Cash Out Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $24,470,000 $226,574 $0 0.00%

    For 2023, The Home National Bank Of Thorntown's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 39 $5,535,000 $141,923 $0 0.00%
    $200k-400k 30 $7,730,000 $257,667 $0 0.00%
    $100,000 or less 21 $1,355,000 $64,524 $0 0.00%
    $400k-600k 13 $6,455,000 $496,538 $0 0.00%
    $600k-1MM 5 $3,395,000 $679,000 $0 0.00%

    2023 saw The Home National Bank Of Thorntown place emphasis on $100k-200k loans with 39 originations, totaling $5,535,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $6,720,000 $224,000 $0 0.00%
    $150k-250k 17 $5,505,000 $323,824 $0 0.00%
    $75k-100k 16 $3,730,000 $233,125 $0 0.00%
    $50k-75k 15 $1,855,000 $123,667 $0 0.00%
    $50k or less 13 $1,065,000 $81,923 $0 0.00%
    $250k+ 11 $5,005,000 $455,000 $0 0.00%

    The Home National Bank Of Thorntown lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $24,365,000 $227,710 $0 0.00%

    The Home National Bank Of Thorntown lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 95 $22,415,000 $235,947 $0 0.00%
    Asian 4 $880,000 $220,000 $0 0.00%
    Not applicable 6 $590,000 $98,333 $0 0.00%
    Not provided 3 $585,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    The Home National Bank Of Thorntown has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.30%

    The Home National Bank Of Thorntown has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $23,865,000 $231,699
    NA 5 $605,000 $121,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $24,470,000 $226,574