Wilson Bank And Trust Mortgage Rates, Fees & Info

Lebanon, TN

LEI: 254900PVWALA7JTBXA31

Tax ID: 63-1310217

5 stars - Updated: 4/5/25 - out of 5 stars, based on 38 reviews

Latest/2024 | 2023 Data | 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

    Wilson Bank And Trust is a smaller bank specializing in Home Purchase and Refi loans. Wilson Bank And Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Nashville, Knoxville, Clarksville, Chattanooga, and Cookeville among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wilson Bank And Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Wilson Bank And Trust is typically a low 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.

    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
    Home Equity Line of Credit (HELOC) 6.72% 4/5/25
    30 Year Conventional Purchase 6.98% 4/5/25
    30 Year Conventional Refi 6.98% 4/5/25
    30 Year Cash-out Refi 7.03% 4/5/25
    30 Year FHA Purchase 7.30% 4/5/25
    30 Year FHA Refi 7.01% 4/5/25
    30 Year VA Purchase 6.42% 4/5/25
    30 Year USDA Purchase 7.32% 4/5/25
    15 Year Conventional Purchase 7.27% 4/5/25
    15 Year Conventional Refi 7.35% 4/5/25
    15 Year Cash-out Refi 7.35% 4/5/25
    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.

    Wilson Bank And Trust Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Wilson Bank And Trust. 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

    1,472

    Origination Dollar Volume (All Markets)

    $592,060,000
    Show all (5) awards

    Relative Rate

    Wilson Bank And Trust's average 30 year fixed mortgage rate was 6.72%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.17%.

    Relative Fees (Closing Costs)

    Wilson Bank And Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $4,922.

    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 $8,356.

    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
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1,209 $464,325,000 $384,057 $4,945 7.81%
    KNOXVILLE, TN (FHA|USDA|VA) 14 $28,210,000 $2,015,000 $7,300 7.36%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 11 $19,575,000 $1,779,545 $2,860 7.52%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 49 $19,385,000 $395,612 $7,842 7.80%
    Outside of Metro Areas 66 $17,820,000 $270,000 $3,632 7.62%
    Cookeville, TN (FHA|USDA|VA) 67 $17,155,000 $256,045 $3,341 7.91%
    Sevierville, TN (FHA|USDA|VA) 6 $6,840,000 $1,140,000 $0 7.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $4,650,000 $1,162,500 $9,990 6.56%
    Shelbyville, TN (FHA|USDA|VA) 12 $3,600,000 $300,000 $3,257 7.62%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 11 $2,795,000 $254,091 $4,978 7.50%
    McMinnville, TN (FHA|USDA|VA) 6 $2,170,000 $361,667 $3,660 7.14%
    Scottsboro, AL (FHA|USDA|VA) 2 $1,860,000 $930,000 $0 7.50%
    Crossville, TN (FHA|USDA|VA) 3 $875,000 $291,667 $5,292 8.05%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $840,000 $420,000 $8,148 7.22%
    Lewisburg, TN (FHA|USDA|VA) 2 $610,000 $305,000 $4,094 7.07%
    Oxford, MS (FHA|USDA|VA) 1 $365,000 $365,000 $0 6.69%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $335,000 $335,000 $9,081 6.75%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $215,000 $215,000 $4,478 6.94%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,425 6.99%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.63%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.99%
    GADSDEN, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.50%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $55,000 $55,000 $525 6.75%
    Wilson Bank And Trust's top markets include Nashville, Knoxville, Clarksville, Chattanooga, and Cookeville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Wilson Bank And Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    GUARANTY MORTGAGE SERVICES, L.L.C.
    Similarity Rank: 480
    The Farmers Bank
    Similarity Rank: 510
    CORNERSTONE FINANCIAL CREDIT UNION
    Similarity Rank: 670
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 1062
    ASCEND FEDERAL CREDIT UNION
    Similarity Rank: 1224
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1392
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 1485
    First Federal Bank
    Similarity Rank: 1540
    First Farmers and Merchants Bank
    Similarity Rank: 1672
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 2023

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,034 $500,690,000 $484,226 $4,691 7.28%
    HELOC 406 $79,780,000 $196,502 n/a 9.17%
    FHA 21 $7,225,000 $344,048 $8,292 6.46%
    VA 6 $3,270,000 $545,000 $10,015 6.17%
    USDA 5 $1,095,000 $219,000 $6,250 6.57%

    For 2024, Wilson Bank And Trust's most frequently originated type of loan was Conventional, with 1,034 originations. Their 2nd most popular type was HELOC, with 406 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 708 $383,650,000 $541,879 $5,891 7.17%
    Other 305 $48,925,000 $160,410 $2,456 8.71%
    Refi 262 $129,520,000 $494,351 $3,595 7.67%
    Home Improvement 180 $24,930,000 $138,500 $1,612 8.92%
    Cash Out Refi 17 $5,035,000 $296,176 $4,213 6.78%

    For 2024, Wilson Bank And Trust's most frequently cited loan purpose was Home Purchase, with 708 originations. The 2nd most popular reason was Other, with 305 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 494 $206,590,000 $418,198 $4,922 6.72%
    10 Year 413 $73,825,000 $178,753 $1,493 9.07%
    Other 194 $179,160,000 $923,505 $1,488 7.98%
    15 Year 132 $13,570,000 $102,803 $1,924 7.90%
    20 Year 106 $42,740,000 $403,208 $3,729 7.53%
    30+ year 82 $53,740,000 $655,366 $9,205 7.19%
    1 Year 41 $20,125,000 $490,854 $8,421 8.14%
    5 Year 7 $255,000 $36,429 $1,039 7.98%
    3 Year 3 $2,055,000 $685,000 $0 8.75%

    For 2024, Wilson Bank And Trust's most frequently cited loan duration was 30 Year, with 494 originations. The 2nd most popular length was 10 Year, with 413 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 284 $70,190,000 $247,148
    $1k-2k 157 $36,715,000 $233,854
    $5k+ 113 $111,395,000 $985,796
    $2k-3k 108 $30,460,000 $282,037
    $3k-4k 71 $28,745,000 $404,859
    $4k-5k 31 $13,335,000 $430,161

    Wilson Bank And Trust's average total fees were $4,922, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 284 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 546 $241,460,000 $442,234
    Over 8% 476 $120,550,000 $253,256
    7-8% 401 $201,375,000 $502,182
    5-6% 38 $13,220,000 $347,895
    4-5% 10 $4,200,000 $420,000
    3-4% 1 $11,255,000 $11,255,000

    During 2024, Wilson Bank And Trust's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 546 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 500 $142,840,000 $285,680 $3,976 7.46%
    $100,000 or less 316 $17,880,000 $56,582 $1,561 8.69%
    $100k-200k 282 $40,460,000 $143,475 $2,905 7.90%
    $400k-600k 173 $82,985,000 $479,682 $5,475 7.41%
    $600k-1MM 112 $84,820,000 $757,321 $8,937 7.30%
    $1MM+ 89 $223,075,000 $2,506,461 $16,731 7.40%

    2024 saw Wilson Bank And Trust place emphasis on $200k-400k loans with 500 originations, totaling $142,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 302 $72,970,000 $241,623 $3,906 7.92%
    $150k-250k 256 $89,610,000 $350,039 $5,202 7.92%
    $250k+ 225 $153,295,000 $681,311 $10,671 7.68%
    $50k-75k 190 $35,070,000 $184,579 $3,337 7.63%
    $75k-100k 185 $40,275,000 $217,703 $3,629 7.86%
    $50k or less 98 $12,030,000 $122,755 $2,404 7.47%

    Wilson Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 302 originations. The second most popular income band? $150k-250k, with 256 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 270 $72,270,000 $267,667 $4,251 7.91%
    30-36% 209 $61,985,000 $296,579 $4,700 7.89%
    <20% 167 $46,445,000 $278,114 $4,802 7.76%
    44% 81 $22,925,000 $283,025 $5,657 8.06%
    50-60% 65 $30,045,000 $462,231 $4,842 7.32%
    43% 53 $20,525,000 $387,264 $7,149 7.87%
    42% 52 $16,030,000 $308,269 $4,371 7.84%
    40% 51 $15,765,000 $309,118 $5,194 7.96%
    39% 49 $14,205,000 $289,898 $4,616 7.72%
    38% 45 $13,635,000 $303,000 $4,454 7.53%
    >60% 41 $26,875,000 $655,488 $7,270 8.00%
    41% 36 $10,410,000 $289,167 $4,778 7.60%
    36% 34 $9,690,000 $285,000 $4,037 7.94%
    37% 32 $9,330,000 $291,563 $3,864 7.64%
    48% 23 $9,035,000 $392,826 $4,736 7.11%
    47% 19 $7,405,000 $389,737 $4,370 7.12%
    49% 16 $4,910,000 $306,875 $4,342 7.09%
    45% 13 $5,175,000 $398,077 $4,466 7.05%
    46% 12 $3,520,000 $293,333 $2,931 6.91%

    Wilson Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 270 originations. The next most common DTI ratio? 30-36%, with 209 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,123 $358,235,000 $318,998 $4,872 7.82%
    Not applicable 169 $177,235,000 $1,048,728 $21,994 7.86%
    Black 133 $38,815,000 $291,842 $3,761 7.48%
    Asian 27 $11,015,000 $407,963 $6,882 7.70%
    Not provided 12 $3,210,000 $267,500 $4,848 7.61%
    Native Hawaiian or Islander 3 $1,515,000 $505,000 $5,365 6.33%
    Other Asian 1 $1,005,000 $1,005,000 $14,586 7.79%
    American Indian 3 $775,000 $258,333 $6,330 6.46%
    Asian Indian 1 $255,000 $255,000 $0 10.00%

    Approval Rates

    Total approvals of all applications
    88.97%

    Wilson Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.96%

    Wilson Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,472 $592,060,000 $402,215

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,472 $592,060,000 $402,215

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 265 $54,315,000 $204,962 $2,893 8.18%
    40-60% 241 $129,645,000 $537,946 $7,040 7.52%
    60-80% 461 $307,355,000 $666,714 $6,520 7.36%
    80-100% 185 $71,225,000 $385,000 $4,442 6.82%
    Over 100% 4 $4,440,000 $1,110,000 $14,553 7.09%
    Under 20% 316 $25,080,000 $79,367 $1,667 8.84%