Queensborough National Bank & Trust Company Mortgage Rates, Fees & Info

Louisville, GA

LEI: 254900C2QXQ435D8TY78

Tax ID: 58-0330052

4.5 stars - Updated: 3/4/24 - out of 5 stars, based on 30 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Queensborough National Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Queensborough National Bank & Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Augusta, Savannah, Statesboro, Hilton Head Island, and Columbia among others. We have data for 31 markets. (Some data included below & more in-depth data is available with an active subscription.)

Queensborough National Bank & Trust Company 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. Queensborough National Bank & Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.38% 3/4/24
30 Year Conventional Refi 6.37% 3/4/24
30 Year Cash-out Refi 6.50% 3/4/24
30 Year FHA Purchase 6.88% 3/4/24
30 Year VA Purchase 6.05% 3/4/24
30 Year VA Refi 5.70% 3/4/24
30 Year USDA Purchase 6.27% 3/4/24
15 Year Conventional Purchase 5.96% 3/4/24
15 Year Conventional Refi 6.00% 3/4/24
15 Year Cash-out Refi 6.00% 3/4/24
15 Year FHA Purchase 7.22% 3/4/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Queensborough National Bank & Trust Company Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Queensborough National Bank & Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

907

Origination Dollar Volume (All Markets)

$247,335,000
Show all (15) awards

Relative Rate

Queensborough National Bank & Trust Company's average 30 year fixed mortgage rate was 4.74%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.02%.

Relative Fees (Closing Costs)

Queensborough National Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $7,104.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 718 $197,160,000 $274,596 $6,844 4.73%
SAVANNAH, GA (FHA|USDA|VA) 55 $16,615,000 $302,091 $7,562 5.15%
Outside of Metro Areas 70 $13,960,000 $199,429 $4,908 4.83%
Statesboro, GA (FHA|USDA|VA) 13 $2,755,000 $211,923 $3,587 4.34%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 5 $2,335,000 $467,000 $7,813 5.24%
COLUMBIA, SC (FHA|USDA|VA) 8 $1,860,000 $232,500 $8,222 5.62%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,595,000 $1,595,000 $26,049 4.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 4 $1,420,000 $355,000 $9,044 5.59%
BRUNSWICK, GA (FHA|USDA|VA) 2 $810,000 $405,000 $5,187 4.56%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $800,000 $200,000 $5,542 4.59%
Newberry, SC (FHA|USDA|VA) 1 $775,000 $775,000 $0 4.60%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $775,000 $775,000 $27,193 6.25%
Forest City, NC (FHA|USDA|VA) 1 $755,000 $755,000 $11,065 5.50%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $680,000 $340,000 $3,116 4.19%
HINESVILLE, GA (FHA|USDA|VA) 2 $640,000 $320,000 $10,516 5.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $505,000 $505,000 $8,514 4.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $460,000 $230,000 $3,707 5.00%
New Castle, PA (FHA|USDA|VA) 1 $415,000 $415,000 $9,515 6.50%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $370,000 $185,000 $5,770 5.19%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $365,000 $365,000 $6,096 4.50%
Vidalia, GA (FHA|USDA|VA) 2 $360,000 $180,000 $5,485 4.69%
SPARTANBURG, SC (FHA|USDA|VA) 2 $320,000 $160,000 $2,718 2.81%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $255,000 $255,000 $5,081 5.13%
LAWTON, OK (FHA|USDA|VA) 1 $245,000 $245,000 $10,703 5.63%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,438 4.50%
Greenwood, SC (FHA|USDA|VA) 1 $215,000 $215,000 $4,740 3.50%
SUMTER, SC (FHA|USDA|VA) 1 $185,000 $185,000 $7,833 5.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,141 4.75%
Dublin, GA (FHA|USDA|VA) 1 $55,000 $55,000 $2,474 7.63%
Milledgeville, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.75%
Queensborough National Bank & Trust Company's top markets include Augusta, Savannah, Statesboro, Hilton Head Island, and Columbia among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Queensborough National Bank & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GEOVISTA
    Similarity Rank: 236
    Coastal Carolina National Bank
    Similarity Rank: 500
    Credence Funding Corporation
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    FIRST CHOICE MORTGAGE, INC.
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    Similarity Rank: 858
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 950
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1053
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 1131
    First Palmetto Bank
    Similarity Rank: 1400
    Security Federal Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 708 $187,360,000 $264,633 $5,701 4.82%
    VA 122 $41,660,000 $341,475 $9,687 4.49%
    FHA 70 $17,180,000 $245,429 $9,232 4.82%
    USDA 7 $1,135,000 $162,143 $5,128 5.02%

    For 2022, Queensborough National Bank & Trust Company's most frequently originated type of loan was Conventional, with 708 originations. Their 2nd most popular type was VA, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 747 $212,325,000 $284,237 $7,112 4.80%
    Refi 73 $18,345,000 $251,301 $4,846 4.84%
    Cash Out Refi 59 $12,915,000 $218,898 $5,012 4.20%
    Other 15 $1,935,000 $129,000 $3,031 5.13%
    Home Improvement 13 $1,815,000 $139,615 $3,359 5.45%

    For 2022, Queensborough National Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 747 originations. The 2nd most popular reason was Refi, with 73 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 707 $200,845,000 $284,081 $7,104 4.74%
    Other 77 $18,395,000 $238,896 $1,420 5.48%
    15 Year 57 $11,325,000 $198,684 $4,334 3.79%
    5 Year 32 $9,470,000 $295,938 $2,583 5.38%
    1 Year 15 $4,385,000 $292,333 $3,077 5.68%
    10 Year 15 $1,845,000 $123,000 $3,748 4.75%
    20 Year 4 $1,070,000 $267,500 $3,332 3.50%

    For 2022, Queensborough National Bank & Trust Company's most frequently cited loan duration was 30 Year, with 707 originations. The 2nd most popular length was Other, with 77 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 171 $43,385,000 $253,713
    $2k-3k 143 $34,405,000 $240,594
    $1k-2k 134 $27,180,000 $202,836
    $3k-4k 105 $28,835,000 $274,619
    $5k+ 102 $49,280,000 $483,137
    $4k-5k 76 $26,180,000 $344,474

    Queensborough National Bank & Trust Company's average total fees were $7,104, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 279 $82,035,000 $294,032
    5-6% 255 $66,705,000 $261,588
    3-4% 210 $56,640,000 $269,714
    6-7% 89 $24,995,000 $280,843
    2.5-3% 47 $13,355,000 $284,149
    7-8% 18 $1,800,000 $100,000
    <2.5% 6 $1,620,000 $270,000
    Over 8% 3 $185,000 $61,667

    During 2022, Queensborough National Bank & Trust Company's average interest rate for loans was 4.74%, while their most frequently originated rate bucket for loans was 4-5%, with 279 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 414 $118,430,000 $286,063 $7,081 4.60%
    $100k-200k 261 $39,085,000 $149,751 $4,547 4.83%
    $400k-600k 99 $46,695,000 $471,667 $9,196 4.85%
    $100,000 or less 91 $5,915,000 $65,000 $2,625 5.45%
    $600k-1MM 32 $22,860,000 $714,375 $12,389 4.59%
    $1MM+ 10 $14,350,000 $1,435,000 $14,546 4.84%

    2022 saw Queensborough National Bank & Trust Company place emphasis on $200k-400k loans with 414 originations, totaling $118,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 204 $59,250,000 $290,441 $7,471 4.77%
    $50k-75k 174 $34,660,000 $199,195 $5,681 4.66%
    $75k-100k 154 $37,620,000 $244,286 $6,677 4.65%
    $150k-250k 132 $45,470,000 $344,470 $7,964 4.87%
    $50k or less 85 $11,485,000 $135,118 $4,271 4.73%
    $250k+ 77 $33,875,000 $439,935 $9,013 4.86%

    Queensborough National Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 204 originations. The second most popular income band? $50k-75k, with 174 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 179 $49,375,000 $275,838 $6,165 4.68%
    30-36% 174 $43,760,000 $251,494 $5,934 4.58%
    <20% 74 $19,930,000 $269,324 $6,320 4.53%
    39% 35 $9,835,000 $281,000 $7,065 4.69%
    42% 33 $9,045,000 $274,091 $7,504 4.70%
    36% 33 $9,385,000 $284,394 $6,860 4.69%
    41% 30 $8,230,000 $274,333 $8,101 4.86%
    40% 29 $8,495,000 $292,931 $7,500 5.02%
    38% 27 $8,465,000 $313,519 $6,856 4.68%
    47% 26 $6,230,000 $239,615 $7,841 5.20%
    46% 25 $7,025,000 $281,000 $6,281 4.77%
    49% 25 $6,315,000 $252,600 $6,579 4.53%
    45% 20 $5,870,000 $293,500 $10,443 5.03%
    37% 20 $4,060,000 $203,000 $6,763 4.83%
    44% 19 $5,235,000 $275,526 $6,574 4.64%
    43% 19 $6,835,000 $359,737 $7,181 5.09%
    50-60% 17 $4,445,000 $261,471 $9,166 4.85%
    48% 16 $4,730,000 $295,625 $7,406 4.62%

    Queensborough National Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 179 originations. The next most common DTI ratio? 30-36%, with 174 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 618 $168,270,000 $272,282 $6,522 4.73%
    Not provided 107 $29,365,000 $274,439 $6,971 4.70%
    Black 83 $21,915,000 $264,036 $7,683 4.92%
    Not applicable 67 $19,295,000 $287,985 $7,451 5.21%
    Asian 22 $5,920,000 $269,091 $6,658 4.58%
    American Indian 1 $905,000 $905,000 $13,998 6.63%
    Other Pacific Islander 3 $465,000 $155,000 $5,293 4.79%
    Asian Indian 2 $350,000 $175,000 $3,651 5.13%
    Native Hawaiian or Islander 1 $325,000 $325,000 $7,574 5.38%
    Other Asian 1 $305,000 $305,000 $0 4.69%
    1 $125,000 $125,000 $0 4.50%
    Vietnamese 1 $95,000 $95,000 $0 6.13%

    Approval Rates

    Total approvals of all applications
    94.09%

    Queensborough National Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.78%

    Queensborough National Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 907 $247,335,000 $272,696

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    907 $247,335,000 $272,696

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $6,000,000 $142,857 $3,258 5.10%
    40-60% 95 $26,525,000 $279,211 $4,999 4.85%
    60-80% 299 $76,075,000 $254,431 $5,868 4.79%
    80-100% 418 $121,890,000 $291,603 $6,889 4.72%
    Over 100% 41 $14,475,000 $353,049 $15,156 4.40%
    Under 20% 12 $2,370,000 $197,500 $1,525 5.80%