The Bank Of Kremlin Mortgage Rates, Fees & Info
KREMLIN, OKLEI: 254900H43FZ07VEY2T39
Tax ID: 73-0138530
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Mortgage Data
Review & Overview
The Bank Of Kremlin is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Kremlin has a high proportion of conventional loans. Their top two markets are Enid and Oklahoma City .The Bank Of Kremlin has an above average approval rate when compared to the average across all lenders.
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Originations
45Origination Dollar Volume (All Markets)
$5,085,000Top 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 |
|---|---|---|---|---|---|
| ENID, OK (FHA|USDA|VA) | 33 | $3,585,000 | $108,636 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,245,000 | $113,182 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 45 | $5,085,000 | $113,000 | $0 | 0.00% |
For 2023, The Bank Of Kremlin's most frequently originated type of loan was Conventional, with 45 originations.
Loan Reason
For 2023, The Bank Of Kremlin's most frequently cited loan purpose was Home Purchase, with 25 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 45 | $5,085,000 | $113,000 | $0 | 0.00% |
For 2023, The Bank Of Kremlin's most frequently cited loan duration was Other, with 45 originations.
Loan Sizing
2023 saw The Bank Of Kremlin place emphasis on $100,000 or less loans with 28 originations, totaling $1,550,000 in origination value.
Applicant Income
The Bank Of Kremlin lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 45 | $5,085,000 | $113,000 | $0 | 0.00% |
The Bank Of Kremlin lent most frequently to those with DTI ratios of Exempt%, with 45 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.83%
The Bank Of Kremlin has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 45 | $5,085,000 | $113,000 |