Queensborough National Bank & Trust Company Mortgage Rates, Fees & Info
Louisville, GALEI: 254900C2QXQ435D8TY78
Tax ID: 58-0330052
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.38% | 11/22/24 |
| 30 Year Conventional Refi | 6.37% | 11/22/24 |
| 30 Year Cash-out Refi | 6.50% | 11/22/24 |
| 30 Year FHA Purchase | 6.88% | 11/22/24 |
| 30 Year VA Purchase | 6.05% | 11/22/24 |
| 30 Year VA Refi | 5.70% | 11/22/24 |
| 30 Year USDA Purchase | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.96% | 11/22/24 |
| 15 Year Conventional Refi | 6.00% | 11/22/24 |
| 15 Year Cash-out Refi | 6.00% | 11/22/24 |
| 15 Year FHA Purchase | 7.22% | 11/22/24 |
| 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
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This is not an official calculator from Queensborough National Bank & Trust Company. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
907Origination Dollar Volume (All Markets)
$247,335,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications94.09%
Queensborough National Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination85.78%
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 |