The Home National Bank Of Thorntown Mortgage Rates, Fees & Info
Thorntown, INLEI: 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
45Origination Dollar Volume (All Markets)
$5,955,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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 applications100.00%
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 origination97.78%
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 |