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

Louisville, GA

LEI: 254900C2QXQ435D8TY78

Tax ID: 58-0330052

5 stars - Updated: 11/17/24 - out of 5 stars, based on 23 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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, Hilton Head Island, Columbia, and Statesboro among others. We have data for 16 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 relatively high 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.38% 11/17/24
    30 Year Conventional Refi 6.37% 11/17/24
    30 Year Cash-out Refi 6.50% 11/17/24
    30 Year FHA Purchase 6.88% 11/17/24
    30 Year VA Purchase 6.05% 11/17/24
    30 Year VA Refi 5.70% 11/17/24
    30 Year USDA Purchase 6.27% 11/17/24
    15 Year Conventional Purchase 5.96% 11/17/24
    15 Year Conventional Refi 6.00% 11/17/24
    15 Year Cash-out Refi 6.00% 11/17/24
    15 Year FHA Purchase 7.22% 11/17/24
    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

    520

    Origination Dollar Volume (All Markets)

    $167,650,000

    Awards

    Queensborough National Bank & Trust Company FHA Loans silver Queensborough National Bank & Trust Company 30 Year Conventional Loans bronze Queensborough National Bank & Trust Company FHA Loans gold
    Show all (3) awards

    Relative Rate

    Queensborough National Bank & Trust Company's average 30 year fixed mortgage rate was 6.48%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of -0%.

    Relative Fees (Closing Costs)

    Queensborough National Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $8,150.

    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 $9,089.

    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) 416 $121,160,000 $291,250 $7,901 6.65%
    SAVANNAH, GA (FHA|USDA|VA) 39 $28,235,000 $723,974 $8,229 7.45%
    Outside of Metro Areas 40 $7,580,000 $189,500 $6,564 7.61%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $3,565,000 $1,188,333 $4,534 6.59%
    COLUMBIA, SC (FHA|USDA|VA) 5 $1,855,000 $371,000 $5,504 6.65%
    Statesboro, GA (FHA|USDA|VA) 5 $1,695,000 $339,000 $4,092 8.23%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $615,000 $615,000 $11,196 6.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $605,000 $605,000 $10,826 6.13%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $440,000 $220,000 $10,281 7.19%
    Milledgeville, GA (FHA|USDA|VA) 1 $415,000 $415,000 $0 7.75%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $400,000 $200,000 $7,431 6.81%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $355,000 $355,000 $6,620 6.13%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $255,000 $255,000 $5,944 6.38%
    Tifton, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 7.38%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $8,081 6.75%
    Marion, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 9.25%
    Queensborough National Bank & Trust Company's top markets include Augusta, Savannah, Hilton Head Island, Columbia, and Statesboro among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (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.

    SRP Federal Credit Union
    Similarity Rank: 190
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C.
    Similarity Rank: 306
    AUGUSTA MORTGAGE CO.
    Similarity Rank: 464
    LGE COMMUNITY
    Similarity Rank: 546
    Security Federal Bank
    Similarity Rank: 630
    AMERICAN HOME MORTGAGE, INC.
    Similarity Rank: 900
    East West Bank
    Similarity Rank: 925
    FIRST CHOICE MORTGAGE, INC.
    Similarity Rank: 940
    SANCTUARY HOME MORTGAGE LLC
    Similarity Rank: 1076
    First Community Bank
    Similarity Rank: 1150

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 410 $134,400,000 $327,805 $6,859 6.98%
    VA 61 $21,705,000 $355,820 $10,558 6.20%
    FHA 42 $10,460,000 $249,048 $10,426 6.10%
    USDA 7 $1,085,000 $155,000 $6,089 6.38%

    For 2023, Queensborough National Bank & Trust Company's most frequently originated type of loan was Conventional, with 410 originations. Their 2nd most popular type was VA, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 453 $149,995,000 $331,115 $8,064 6.69%
    Refi 31 $11,355,000 $366,290 $4,693 7.73%
    Home Improvement 13 $1,745,000 $134,231 $2,426 7.74%
    Cash Out Refi 12 $3,330,000 $277,500 $8,761 6.27%
    Other 11 $1,225,000 $111,364 $2,991 8.52%

    For 2023, Queensborough National Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 453 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 400 $119,180,000 $297,950 $8,150 6.48%
    Other 53 $13,225,000 $249,528 $1,753 8.21%
    5 Year 21 $17,675,000 $841,667 $552 7.85%
    1 Year 20 $7,920,000 $396,000 $5,973 8.45%
    15 Year 16 $3,770,000 $235,625 $5,679 6.55%
    10 Year 3 $275,000 $91,667 $3,823 6.58%
    20 Year 3 $215,000 $71,667 $1,950 9.13%
    3 Year 3 $3,655,000 $1,218,333 $0 7.38%
    30+ year 1 $1,735,000 $1,735,000 $24,615 7.75%

    For 2023, Queensborough National Bank & Trust Company's most frequently cited loan duration was 30 Year, with 400 originations. The 2nd most popular length was Other, with 53 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $3k-4k 100 $27,720,000 $277,200
    $5k+ 95 $47,325,000 $498,158
    $4k-5k 65 $21,105,000 $324,692
    $2k-3k 59 $11,865,000 $201,102
    $<1k 45 $9,645,000 $214,333
    $1k-2k 35 $6,805,000 $194,429

    Queensborough National Bank & Trust Company's average total fees were $8,150, while their most frequently occuring range of origination fees (closing costs) were in the $3k-4k bucket, with 100 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 230 $86,220,000 $374,870
    5-6% 125 $35,525,000 $284,200
    7-8% 105 $34,745,000 $330,905
    Over 8% 59 $11,035,000 $187,034
    4-5% 1 $125,000 $125,000

    During 2023, Queensborough National Bank & Trust Company's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was 6-7%, with 230 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 250 $72,130,000 $288,520 $8,147 6.55%
    $100k-200k 119 $17,765,000 $149,286 $4,874 6.77%
    $400k-600k 60 $28,540,000 $475,667 $9,878 6.76%
    $100,000 or less 53 $3,145,000 $59,340 $2,613 8.03%
    $600k-1MM 31 $23,145,000 $746,613 $11,983 7.06%
    $1MM+ 7 $22,925,000 $3,275,000 $19,564 7.00%

    2023 saw Queensborough National Bank & Trust Company place emphasis on $200k-400k loans with 250 originations, totaling $72,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 131 $36,785,000 $280,802 $7,988 6.58%
    $75k-100k 92 $21,270,000 $231,196 $7,399 6.42%
    $150k-250k 86 $29,100,000 $338,372 $8,885 6.65%
    $250k+ 73 $33,525,000 $459,247 $10,116 7.01%
    $50k-75k 62 $10,640,000 $171,613 $5,880 6.81%
    $50k or less 18 $2,030,000 $112,778 $4,607 7.27%

    Queensborough National Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 131 originations. The second most popular income band? $75k-100k, with 92 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $32,605,000 $304,720 $7,395 6.59%
    30-36% 98 $27,890,000 $284,592 $7,596 6.54%
    <20% 34 $9,190,000 $270,294 $5,497 7.04%
    38% 27 $8,365,000 $309,815 $8,015 6.51%
    50-60% 20 $6,160,000 $308,000 $9,232 6.42%
    39% 19 $6,135,000 $322,895 $9,244 6.84%
    37% 18 $4,730,000 $262,778 $7,811 6.99%
    42% 17 $4,145,000 $243,824 $7,516 6.65%
    40% 14 $3,640,000 $260,000 $7,347 6.40%
    44% 13 $5,545,000 $426,538 $9,730 6.67%
    47% 13 $3,285,000 $252,692 $5,786 6.83%
    41% 12 $4,270,000 $355,833 $9,459 6.49%
    45% 12 $3,850,000 $320,833 $8,882 6.39%
    43% 12 $2,130,000 $177,500 $7,556 7.00%
    36% 10 $2,310,000 $231,000 $6,023 6.26%
    46% 9 $2,155,000 $239,444 $7,472 6.63%
    48% 7 $2,285,000 $326,429 $12,342 6.54%
    49% 6 $2,400,000 $400,000 $13,958 6.33%

    Queensborough National Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 367 $105,995,000 $288,815 $7,745 6.67%
    Not applicable 51 $32,765,000 $642,451 $0 7.90%
    Not provided 46 $15,610,000 $339,348 $8,817 6.66%
    Black 41 $9,815,000 $239,390 $7,586 6.76%
    Asian 10 $2,470,000 $247,000 $7,049 6.86%
    American Indian 3 $555,000 $185,000 $4,278 7.23%
    1 $265,000 $265,000 $0 8.25%
    Vietnamese 1 $175,000 $175,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    90.77%

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

    Pick Rate

    Approvals leading to origination
    77.31%

    Queensborough National Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 520 $167,650,000 $322,404

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    520 $167,650,000 $322,404

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $4,240,000 $151,429 $3,955 7.15%
    40-60% 64 $16,560,000 $258,750 $5,898 7.15%
    60-80% 154 $65,570,000 $425,779 $7,933 7.06%
    80-100% 237 $72,645,000 $306,519 $7,961 6.52%
    Over 100% 24 $7,350,000 $306,250 $14,235 6.07%
    Under 20% 13 $1,285,000 $98,846 $2,101 8.10%