The Hamilton Bank Mortgage Rates, Fees & Info

Hamilton, MO

LEI: 2549001ZKSRACE7NQQ84

Tax ID: 44-0161944

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Mortgage Data

Review & Overview

The Hamilton Bank is a smaller bank specializing in Home Purchase and Refi loans. The Hamilton Bank has a high proportion of conventional loans. Their top two markets are Kansas City and St. Joseph .

The Hamilton Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

28

Origination Dollar Volume (All Markets)

$3,610,000

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 22 $2,300,000 $104,545 $0 0.00%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
Outside of Metro Areas 5 $505,000 $101,000 $0 0.00%
The Hamilton Bank's top markets include Kansas City and St. Joseph among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $3,610,000 $128,929 $0 0.00%

    For 2023, The Hamilton Bank's most frequently originated type of loan was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $2,040,000 $145,714 $0 0.00%
    Home Improvement 6 $160,000 $26,667 $0 0.00%
    Refi 4 $1,100,000 $275,000 $0 0.00%
    Cash Out Refi 4 $310,000 $77,500 $0 0.00%

    For 2023, The Hamilton Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Home Improvement, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 28 $3,610,000 $128,929 $0 0.00%

    For 2023, The Hamilton Bank's most frequently cited loan duration was Other, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $835,000 $43,947 $0 0.00%
    $100k-200k 4 $590,000 $147,500 $0 0.00%
    $200k-400k 3 $795,000 $265,000 $0 0.00%
    $400k-600k 1 $585,000 $585,000 $0 0.00%
    $600k-1MM 1 $805,000 $805,000 $0 0.00%

    2023 saw The Hamilton Bank place emphasis on $100,000 or less loans with 19 originations, totaling $835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 7 $885,000 $126,429 $0 0.00%
    $250k+ 5 $195,000 $39,000 $0 0.00%
    $50k-75k 5 $485,000 $97,000 $0 0.00%
    $100k-150k 4 $670,000 $167,500 $0 0.00%
    $50k or less 3 $395,000 $131,667 $0 0.00%
    $150k-250k 1 $805,000 $805,000 $0 0.00%

    The Hamilton Bank lent most frequently to those with incomes in the $75k-100k range, with 7 originations. The second most popular income band? $250k+, with 5 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 26 $3,440,000 $132,308 $0 0.00%
    Black 1 $125,000 $125,000 $0 0.00%
    Guamanian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    The Hamilton Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.43%

    The Hamilton Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 28 $3,610,000 $128,929

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    28 $3,610,000 $128,929