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 Home Purchase and Refi loans. The Home National Bank Of Thorntown has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, Crawfordsville, Frankfort, and Dayton among others. We have data for 4 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
47Origination Dollar Volume (All Markets)
$6,885,000Top 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) | 36 | $5,700,000 | $158,333 | $0 | 0.00% |
| Crawfordsville, IN (FHA|USDA|VA) | 7 | $865,000 | $123,571 | $0 | 0.00% |
| Frankfort, IN (FHA|USDA|VA) | 3 | $245,000 | $81,667 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 47 | $6,885,000 | $146,489 | $0 | 0.00% |
For 2019, The Home National Bank Of Thorntown's most frequently originated type of loan was Conventional, with 47 originations.
Loan Reason
For 2019, The Home National Bank Of Thorntown's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 47 | $6,885,000 | $146,489 | $0 | 0.00% |
For 2019, The Home National Bank Of Thorntown's most frequently cited loan duration was Other, with 47 originations.
Loan Sizing
2019 saw The Home National Bank Of Thorntown place emphasis on $100,000 or less loans with 26 originations, totaling $1,660,000 in origination value.
Applicant Income
The Home National Bank Of Thorntown lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 47 | $6,885,000 | $146,489 | $0 | 0.00% |
The Home National Bank Of Thorntown lent most frequently to those with DTI ratios of Exempt%, with 47 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $6,005,000 | $162,297 | $0 | 0.00% |
| Not applicable | 10 | $880,000 | $88,000 | $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 origination95.74%
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 | 47 | $6,885,000 | $146,489 |