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 Refi and Home Purchase loans. The Home National Bank Of Thorntown has a high proportion of conventional loans. The Home National Bank Of Thorntown has an average proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Frankfort, Crawfordsville, Terre Haute, and Muncie among others. We have data for 5 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. The Home National Bank Of Thorntown is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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Originations

45

Origination Dollar Volume (All Markets)

$5,955,000

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) 35 $4,875,000 $139,286 $2,177 4.31%
Frankfort, IN (FHA|USDA|VA) 4 $540,000 $135,000 $0 0.00%
Crawfordsville, IN (FHA|USDA|VA) 4 $390,000 $97,500 $1,497 4.25%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
MUNCIE, IN (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
The Home National Bank Of Thorntown's top markets include Indianapolis, Frankfort, Crawfordsville, Terre Haute, and Muncie among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $5,520,000 $131,429 $0 0.00%
    Conventional 3 $435,000 $145,000 $1,950 4.29%

    For 2018, The Home National Bank Of Thorntown's most frequently originated type of loan was Conventional, with 42 originations. Their 2nd most popular type was Conventional, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 26 $3,300,000 $126,923 $0 0.00%
    Home Purchase 16 $2,340,000 $146,250 $1,950 4.29%
    Cash Out Refi 2 $280,000 $140,000 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%

    For 2018, The Home National Bank Of Thorntown's most frequently cited loan purpose was Refi, with 26 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 42 $5,520,000 $131,429 $0 0.00%
    30 Year 3 $435,000 $145,000 $1,950 4.29%

    For 2018, The Home National Bank Of Thorntown's most frequently cited loan duration was Other, with 42 originations. The 2nd most popular length was 30 Year, with 3 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3 $435,000 $145,000

    The Home National Bank Of Thorntown's average total fees were $1,950, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 3 $435,000 $145,000

    During 2018, The Home National Bank Of Thorntown's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 3 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 22 $1,280,000 $58,182 $0 0.00%
    $200k-400k 12 $3,070,000 $255,833 $0 0.00%
    $100k-200k 11 $1,605,000 $145,909 $1,950 4.29%

    2018 saw The Home National Bank Of Thorntown place emphasis on $100,000 or less loans with 22 originations, totaling $1,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 12 $950,000 $79,167 $1,961 4.19%
    $50k-75k 10 $990,000 $99,000 $1,929 4.50%
    $100k-150k 8 $1,060,000 $132,500 $0 0.00%
    $75k-100k 5 $1,105,000 $221,000 $0 0.00%
    $150k-250k 4 $960,000 $240,000 $0 0.00%
    $250k+ 2 $470,000 $235,000 $0 0.00%

    The Home National Bank Of Thorntown lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 42 $5,520,000 $131,429 $0 0.00%
    30-36% 2 $240,000 $120,000 $1,961 4.19%
    41% 1 $195,000 $195,000 $1,929 4.50%

    The Home National Bank Of Thorntown lent most frequently to those with DTI ratios of Exempt%, with 42 originations. The next most common DTI ratio? 30-36%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 41 $5,535,000 $135,000 $1,950 4.29%
    Not applicable 4 $420,000 $105,000 $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
    97.78%

    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 42 $5,520,000 $131,429
    NA 3 $435,000 $145,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 44 $5,880,000 $133,636

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    60-80% 2 $320,000 $160,000 $2,177 4.31%
    80-100% 1 $115,000 $115,000 $1,497 4.25%