Kearney Trust Company Mortgage Rates, Fees & Info

Kearney, MO

LEI: 254900OI3V8V16I60I06

Tax ID: 44-0310650

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Kearney Trust Company is a smaller mortgage company specializing in Home Purchase loans. Kearney Trust Company has a high proportion of conventional loans. Kearney Trust Company has a low ratio of conventional loans. Their top (well, only) market is Kansas City.

    Kearney Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    77

    Origination Dollar Volume (All Markets)

    $12,505,000

    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
    KANSAS CITY, MO-KS (FHA|USDA|VA) 75 $12,155,000 $162,067 $0 8.50%
    Outside of Metro Areas 2 $350,000 $175,000 $0 0.00%
    Kearney Trust Company's top markets include and Kansas City among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 76 $12,390,000 $163,026 $0 0.00%
    Conventional 1 $115,000 $115,000 $0 8.50%

    For 2023, Kearney Trust Company's most frequently originated type of loan was Conventional, with 76 originations. Their 2nd most popular type was Conventional, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $8,265,000 $223,378 $0 0.00%
    Refi 21 $2,115,000 $100,714 $0 0.00%
    Home Improvement 13 $1,655,000 $127,308 $0 8.50%
    Other 6 $470,000 $78,333 $0 0.00%

    For 2023, Kearney Trust Company's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 77 $12,505,000 $162,403 $0 8.50%

    For 2023, Kearney Trust Company's most frequently cited loan duration was Other, with 77 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 1 $115,000 $115,000

    During 2023, Kearney Trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 1 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 31 $4,485,000 $144,677 $0 8.50%
    $100,000 or less 28 $1,540,000 $55,000 $0 0.00%
    $200k-400k 15 $4,325,000 $288,333 $0 0.00%
    $400k-600k 2 $950,000 $475,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2023 saw Kearney Trust Company place emphasis on $100k-200k loans with 31 originations, totaling $4,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,295,000 $99,615 $0 0.00%
    $100k-150k 12 $2,050,000 $170,833 $0 0.00%
    $150k-250k 10 $2,270,000 $227,000 $0 0.00%
    $50k or less 10 $670,000 $67,000 $0 0.00%
    $75k-100k 8 $1,280,000 $160,000 $0 0.00%
    $250k+ 4 $480,000 $120,000 $0 0.00%

    Kearney Trust Company lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 76 $12,390,000 $163,026 $0 0.00%

    Kearney Trust Company lent most frequently to those with DTI ratios of Exempt%, with 76 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 59 $8,175,000 $138,559 $0 0.00%
    Not applicable 17 $4,105,000 $241,471 $0 8.50%
    Asian 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.43%

    Kearney Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    94.81%

    Kearney Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 76 $12,390,000 $163,026
    NA 1 $115,000 $115,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    77 $12,505,000 $162,403

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    Over 100% 1 $115,000 $115,000 $0 8.50%