The Hamilton Bank Mortgage Rates, Fees & Info
Hamilton, MOLEI: 2549001ZKSRACE7NQQ84
Tax ID: 44-0161944
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Mortgage Data
Review & Overview
The Hamilton Bank is a smaller bank specializing in Refi and Home Purchase 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 average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
50Origination Dollar Volume (All Markets)
$4,600,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 39 | $3,795,000 | $97,308 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $495,000 | $55,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $4,600,000 | $92,000 | $0 | 0.00% |
For 2018, The Hamilton Bank's most frequently originated type of loan was Conventional, with 50 originations.
Loan Reason
For 2018, The Hamilton Bank's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 19 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 50 | $4,600,000 | $92,000 | $0 | 0.00% |
For 2018, The Hamilton Bank's most frequently cited loan duration was Other, with 50 originations.
Loan Sizing
2018 saw The Hamilton Bank place emphasis on $100,000 or less loans with 36 originations, totaling $1,560,000 in origination value.
Applicant Income
The Hamilton Bank lent most frequently to those with incomes in the $50k-75k range, with 16 originations. The second most popular income band? $50k or less, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $4,600,000 | $92,000 | $0 | 0.00% |
The Hamilton Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 42 | $3,440,000 | $81,905 | $0 | 0.00% |
| Not applicable | 8 | $1,160,000 | $145,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications77.94%
The Hamilton Bank has a below average approval rate.
Pick Rate
Approvals leading to origination94.00%
The Hamilton Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $4,600,000 | $92,000 |