Wilson Bank And Trust Mortgage Rates, Fees & Info
Lebanon, TNLEI: 254900PVWALA7JTBXA31
Tax ID: 63-1310217
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Mortgage Data
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, Cookeville, Sevierville, Tullahoma, and Knoxville among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)Wilson Bank And Trust 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. 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/1/23 |
| 30 Year Conventional Purchase | 6.67% | 4/1/23 |
| 30 Year Conventional Refi | 6.60% | 4/1/23 |
| 30 Year Cash-out Refi | 6.91% | 4/1/23 |
| 30 Year FHA Purchase | 7.30% | 4/1/23 |
| 30 Year FHA Refi | 7.18% | 4/1/23 |
| 30 Year VA Purchase | 6.56% | 4/1/23 |
| 30 Year VA Refi | 6.07% | 4/1/23 |
| 30 Year USDA Purchase | 6.77% | 4/1/23 |
| 15 Year Conventional Purchase | 6.61% | 4/1/23 |
| 15 Year Conventional Refi | 6.51% | 4/1/23 |
| 15 Year Cash-out Refi | 6.51% | 4/1/23 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,254Origination Dollar Volume (All Markets)
$683,560,000Awards
Wilson Bank And Trust - 2022
Wilson Bank And Trust is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Wilson Bank And Trust's average 30 year fixed mortgage rate was
4.47%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.29%.
Relative Fees (Closing Costs)
Wilson Bank And Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,643.
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 $4,750.
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) | 1,849 | $573,475,000 | $310,154 | $4,790 | 4.88% |
| Cookeville, TN (FHA|USDA|VA) | 154 | $33,130,000 | $215,130 | $3,918 | 4.70% |
| Outside of Metro Areas | 143 | $29,015,000 | $202,902 | $3,403 | 4.78% |
| Sevierville, TN (FHA|USDA|VA) | 19 | $17,885,000 | $941,316 | $15,430 | 4.60% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 17 | $3,755,000 | $220,882 | $4,374 | 4.88% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $3,435,000 | $687,000 | $3,782 | 5.62% |
| Crossville, TN (FHA|USDA|VA) | 6 | $3,320,000 | $553,333 | $5,011 | 4.50% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 3.95% |
| Shelbyville, TN (FHA|USDA|VA) | 18 | $2,980,000 | $165,556 | $4,304 | 5.17% |
| Cullman, AL (FHA|USDA|VA) | 1 | $2,405,000 | $2,405,000 | $0 | 4.39% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 8 | $2,250,000 | $281,250 | $15,708 | 4.92% |
| MORRISTOWN, TN (FHA|USDA|VA) | 5 | $1,975,000 | $395,000 | $16,216 | 4.72% |
| Lewisburg, TN (FHA|USDA|VA) | 4 | $1,490,000 | $372,500 | $7,694 | 4.64% |
| McMinnville, TN (FHA|USDA|VA) | 8 | $1,200,000 | $150,000 | $3,573 | 4.65% |
| ROME, GA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $12,387 | 3.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $9,664 | 3.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $5,620 | 6.13% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,481 | 3.13% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 6.06% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,261 | 5.69% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,947 | 3.38% |
| Newport, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.50% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.10% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.50% |
| Dyersburg, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,659 | 5.63% |
| Dayton, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.00% |
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.
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Product Mix
For 2022, Wilson Bank And Trust's most frequently originated type of loan was Conventional, with 1,206 originations. Their 2nd most popular type was HELOC, with 1,003 originations.
Loan Reason
For 2022, Wilson Bank And Trust's most frequently cited loan purpose was Home Purchase, with 803 originations. The 2nd most popular reason was Refi, with 550 originations.
Loan Duration/Length
For 2022, Wilson Bank And Trust's most frequently cited loan duration was 10 Year, with 950 originations. The 2nd most popular length was 30 Year, with 543 originations.
Origination Fees/Closing Costs
Wilson Bank And Trust's average total fees were $4,643, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 284 originations.
Interest Rates
During 2022, Wilson Bank And Trust's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 3-4%, with 765 originations.
Loan Sizing
2022 saw Wilson Bank And Trust place emphasis on $200k-400k loans with 693 originations, totaling $197,325,000 in origination value.
Applicant Income
Wilson Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 511 originations. The second most popular income band? $150k-250k, with 369 originations.
Applicant Debt to Income Ratio
Wilson Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 519 originations. The next most common DTI ratio? <20%, with 394 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.07%
Wilson Bank And Trust has an average approval rate.
Pick Rate
Approvals leading to origination76.53%
Wilson Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,254 | $683,560,000 | $303,265 |