The Bank Of Kremlin Mortgage Rates, Fees & Info

KREMLIN, OK

LEI: 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 loans. The Bank Of Kremlin has a high proportion of conventional loans. Their top markets by origination volume include: Enid, Stillwater, and Houston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Bank Of Kremlin has an above average approval rate when compared to the average across all lenders.

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Originations

30

Origination Dollar Volume (All Markets)

$2,760,000

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
ENID, OK (FHA|USDA|VA) 25 $2,335,000 $93,400 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Outside of Metro Areas 3 $115,000 $38,333 $0 0.00%
The Bank Of Kremlin's top markets include Enid, Stillwater, and Houston among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 30 $2,760,000 $92,000 $0 0.00%

    For 2019, The Bank Of Kremlin's most frequently originated type of loan was Conventional, with 30 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $2,075,000 $98,810 $0 0.00%
    Refi 7 $445,000 $63,571 $0 0.00%
    Home Improvement 2 $240,000 $120,000 $0 0.00%

    For 2019, The Bank Of Kremlin's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 30 $2,760,000 $92,000 $0 0.00%

    For 2019, The Bank Of Kremlin's most frequently cited loan duration was Other, with 30 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $900,000 $50,000 $0 0.00%
    $100k-200k 11 $1,655,000 $150,455 $0 0.00%
    $200k-400k 1 $205,000 $205,000 $0 0.00%

    2019 saw The Bank Of Kremlin place emphasis on $100,000 or less loans with 18 originations, totaling $900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 6 $620,000 $103,333 $0 0.00%
    $75k-100k 5 $485,000 $97,000 $0 0.00%
    $100k-150k 4 $280,000 $70,000 $0 0.00%
    $250k+ 4 $470,000 $117,500 $0 0.00%
    $50k or less 2 $210,000 $105,000 $0 0.00%

    The Bank Of Kremlin lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 30 $2,760,000 $92,000 $0 0.00%

    The Bank Of Kremlin lent most frequently to those with DTI ratios of Exempt%, with 30 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 20 $1,960,000 $98,000 $0 0.00%
    Not applicable 9 $695,000 $77,222 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.75%

    The Bank Of Kremlin has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 30 $2,760,000 $92,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 29 $2,725,000 $93,966

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 34 33.3%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 13 12.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%
    TD BANK US HOLDING COMPANY Reverse mortgage Closing on a mortgage 1 1.0%