First State Bank Of Middlebury Mortgage Rates, Fees & Info
Middlebury, INLEI: 549300ZLAWM1M5QAJH43
Tax ID: 35-0310540
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First State Bank Of Middlebury is a smaller bank specializing in Home Purchase loans. First State Bank Of Middlebury has a high proportion of conventional loans. Their top markets by origination volume include: Elkhart, South Bend, Sturgis, Warsaw, and Kendallville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank Of Middlebury 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
139Origination Dollar Volume (All Markets)
$32,925,000Top 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 |
|---|---|---|---|---|---|
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 80 | $17,340,000 | $216,750 | $0 | 0.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 24 | $5,720,000 | $238,333 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $3,510,000 | $250,714 | $0 | 0.00% |
| Sturgis, MI (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $0 | 0.00% |
| Warsaw, IN (FHA|USDA|VA) | 5 | $1,925,000 | $385,000 | $0 | 0.00% |
| Kendallville, IN (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Angola, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First State Bank of Middlebury based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 139 | $32,925,000 | $236,871 | $0 | 0.00% |
For 2024, First State Bank Of Middlebury's most frequently originated type of loan was Conventional, with 139 originations.
Loan Reason
For 2024, First State Bank Of Middlebury's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 139 | $32,925,000 | $236,871 | $0 | 0.00% |
For 2024, First State Bank Of Middlebury's most frequently cited loan duration was Other, with 139 originations.
Loan Sizing
2024 saw First State Bank Of Middlebury place emphasis on $200k-400k loans with 54 originations, totaling $14,520,000 in origination value.
Applicant Income
First State Bank Of Middlebury lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $50k-75k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 139 | $32,925,000 | $236,871 | $0 | 0.00% |
First State Bank Of Middlebury lent most frequently to those with DTI ratios of Exempt%, with 139 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.94%
First State Bank Of Middlebury has an average approval rate.
Pick Rate
Approvals leading to origination92.09%
First State Bank Of Middlebury has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 139 | $32,925,000 | $236,871 |