# Lake City Bank

> **Canonical URL:** https://saferate.com/lenders/lake-city-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Lake City Bank is a bank, headquartered in Warsaw, IN, serving borrowers across 7 states, with 162 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 57% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 51% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 8Q77SW3KZ88P3GNX0T60
- **Headquarters:** Warsaw, IN
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** AZ, CO, FL, IN, MI, OH, TN
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 49/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.244%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,328
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 162
- **Dollar Volume:** $50 million
- **Applications Received:** 232
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $308,333
- **Average Borrower Income:** $189,204
- **Average Property Value:** $451,543

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 46/100 | 152 | +0.249% | $1,340 | Sound ☺️ |
| Jumbo | 40/100 | 10 | +0.083% | $1,005 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 116 loans, Score: 45/100 (Sound)
- Refinance: 36 loans, Score: 42/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 45/100 | 125 | $40M | +0.248% | Sound ☺️ |
| Refinance | 38/100 | 37 | $10M | +0.233% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IN | 152 | 0.17% | 72/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 83 | 57/100 |
| Fort Wayne, IN | IN | 24 | 56/100 |
| Elkhart | IN | 19 | 57/100 |
| Indianapolis | IN | 16 | 49/100 |

## Where This Lender Ranks

Lake City Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#9** in Elkhart for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/elkhart/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#14** in Fort Wayne, IN Banks
  - [View Full Rankings](https://saferate.com/fort-wayne-in/best-mortgage-lenders/banks)
- 🏆 **#16** in Fort Wayne, IN for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-wayne-in/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Lake City Bank offer?

Lake City Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Lake City Bank offer mortgages?

Lake City Bank offers mortgages in 7 states: AZ, CO, FL, IN, MI, OH, TN.

### How competitive are Lake City Bank's mortgage rates?

Lake City Bank has a pricing score of 43/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.244% above market average.

### What type of lender is Lake City Bank?

Lake City Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Warsaw, IN.

### What is Lake City Bank's loan approval success rate?

Lake City Bank has a pull-through score of 49/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/lake-city-bank

### How to Cite

> "Lake City Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/lake-city-bank

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