Wilson Bank And Trust Mortgage Rates, Fees & Info

Lebanon, TN

LEI: 254900PVWALA7JTBXA31

Tax ID: 63-1310217

5 stars - Updated: 12/16/24 - out of 5 stars, based on 40 reviews

Latest/2023 | 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 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, Chattanooga, Cookeville, Cleveland, and Shelbyville 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 relatively high 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) 6.27% 12/16/24
    30 Year Conventional Purchase 6.67% 12/16/24
    30 Year Conventional Refi 6.60% 12/16/24
    30 Year Cash-out Refi 6.91% 12/16/24
    30 Year FHA Purchase 7.30% 12/16/24
    30 Year FHA Refi 7.18% 12/16/24
    30 Year VA Purchase 6.56% 12/16/24
    30 Year VA Refi 6.07% 12/16/24
    30 Year USDA Purchase 6.77% 12/16/24
    15 Year Conventional Purchase 6.61% 12/16/24
    15 Year Conventional Refi 6.51% 12/16/24
    15 Year Cash-out Refi 6.51% 12/16/24
    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

    1,569

    Origination Dollar Volume (All Markets)

    $515,575,000
    Show all (5) awards

    Relative Rate

    Wilson Bank And Trust's average 30 year fixed mortgage rate was 6.77%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    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 $4,375.

    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 $9,089.

    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) 1,362 $442,450,000 $324,853 $4,310 7.76%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 27 $26,385,000 $977,222 $6,905 7.82%
    Outside of Metro Areas 63 $10,615,000 $168,492 $2,848 7.51%
    Cookeville, TN (FHA|USDA|VA) 57 $9,225,000 $161,842 $3,587 7.94%
    CLEVELAND, TN (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 7.55%
    Shelbyville, TN (FHA|USDA|VA) 12 $3,440,000 $286,667 $4,589 7.28%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 12 $3,030,000 $252,500 $4,706 7.27%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,735,000 $2,735,000 $0 7.69%
    McMinnville, TN (FHA|USDA|VA) 3 $2,675,000 $891,667 $525 7.54%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 6 $1,530,000 $255,000 $5,894 7.82%
    Lewisburg, TN (FHA|USDA|VA) 3 $1,165,000 $388,333 $5,956 7.26%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 9.00%
    Newport, TN (FHA|USDA|VA) 1 $805,000 $805,000 $0 8.09%
    Sevierville, TN (FHA|USDA|VA) 2 $760,000 $380,000 $0 7.75%
    Dayton, TN (FHA|USDA|VA) 1 $605,000 $605,000 $0 8.25%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $600,000 $300,000 $0 7.47%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $525,000 $525,000 $0 7.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 7.00%
    Crossville, TN (FHA|USDA|VA) 3 $435,000 $145,000 $0 8.23%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 7.30%
    BOWLING GREEN, KY (FHA|USDA|VA) 2 $350,000 $175,000 $0 7.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $345,000 $345,000 $5,254 6.99%
    Lawrenceburg, TN (FHA|USDA|VA) 2 $250,000 $125,000 $2,954 6.71%
    LaGrange, GA-AL (FHA|USDA|VA) 1 $225,000 $225,000 $3,032 7.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.99%
    Oxford, MS (FHA|USDA|VA) 1 $165,000 $165,000 $4,374 6.13%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $165,000 $165,000 $0 7.49%
    Wilson Bank And Trust's top markets include Nashville, Chattanooga, Cookeville, Cleveland, and Shelbyville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • South Carolina (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.

    First Farmers and Merchants Bank
    Similarity Rank: 130
    US COMMUNITY
    Similarity Rank: 472
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 736
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 848
    CORNERSTONE FINANCIAL CREDIT UNION
    Similarity Rank: 864
    The Farmers Bank
    Similarity Rank: 972
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 1183
    ASCEND FEDERAL CREDIT UNION
    Similarity Rank: 1394
    Listerhill Credit Union
    Similarity Rank: 1513
    FIRST CONTINENTAL MORTGAGE, LTD.
    Similarity Rank: 1760

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 884 $371,850,000 $420,645 $4,001 7.38%
    HELOC 647 $128,355,000 $198,385 n/a 8.33%
    FHA 24 $8,900,000 $370,833 $7,788 6.32%
    VA 9 $5,305,000 $589,444 $8,314 5.99%
    USDA 5 $1,165,000 $233,000 $5,034 6.48%

    For 2023, Wilson Bank And Trust's most frequently originated type of loan was Conventional, with 884 originations. Their 2nd most popular type was HELOC, with 647 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 694 $324,530,000 $467,622 $5,009 7.28%
    Other 373 $54,495,000 $146,099 $1,688 8.27%
    Refi 271 $90,505,000 $333,967 $2,918 7.84%
    Home Improvement 215 $42,245,000 $196,488 $1,965 8.24%
    Cash Out Refi 16 $3,800,000 $237,500 $5,361 7.04%

    For 2023, Wilson Bank And Trust's most frequently cited loan purpose was Home Purchase, with 694 originations. The 2nd most popular reason was Other, with 373 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 626 $105,800,000 $169,010 $1,605 8.28%
    30 Year 407 $146,765,000 $360,602 $4,375 6.77%
    Other 204 $160,210,000 $785,343 $1,173 7.90%
    20 Year 129 $42,545,000 $329,806 $2,415 7.44%
    15 Year 108 $11,870,000 $109,907 $1,866 8.08%
    1 Year 53 $21,265,000 $401,226 $7,058 8.17%
    30+ year 41 $27,095,000 $660,854 $8,707 7.83%
    5 Year 1 $25,000 $25,000 $1,164 6.69%

    For 2023, Wilson Bank And Trust's most frequently cited loan duration was 10 Year, with 626 originations. The 2nd most popular length was 30 Year, with 407 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 239 $60,845,000 $254,582
    $1k-2k 123 $26,165,000 $212,724
    $2k-3k 74 $19,830,000 $267,973
    $5k+ 66 $52,390,000 $793,788
    $3k-4k 47 $16,805,000 $357,553
    $4k-5k 42 $17,610,000 $419,286

    Wilson Bank And Trust's average total fees were $4,375, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 239 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 587 $153,995,000 $262,342
    7-8% 532 $217,530,000 $408,891
    6-7% 372 $100,850,000 $271,102
    5-6% 67 $28,175,000 $420,522
    4-5% 10 $14,160,000 $1,416,000

    During 2023, Wilson Bank And Trust's average interest rate for loans was 6.77%, while their most frequently originated rate bucket for loans was Over 8%, with 587 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 511 $146,225,000 $286,155 $3,945 7.47%
    $100,000 or less 383 $22,535,000 $58,838 $1,536 8.20%
    $100k-200k 338 $48,340,000 $143,018 $2,762 7.89%
    $400k-600k 195 $91,545,000 $469,462 $5,366 7.49%
    $600k-1MM 99 $71,245,000 $719,646 $7,197 7.25%
    $1MM+ 43 $135,685,000 $3,155,465 $26,744 8.03%

    2023 saw Wilson Bank And Trust place emphasis on $200k-400k loans with 511 originations, totaling $146,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 307 $70,015,000 $228,062 $3,680 7.72%
    $150k-250k 292 $85,620,000 $293,219 $5,184 7.82%
    $250k+ 233 $101,195,000 $434,313 $7,784 7.94%
    $75k-100k 205 $41,175,000 $200,854 $3,675 7.66%
    $50k-75k 191 $29,025,000 $151,963 $3,413 7.69%
    $50k or less 97 $12,235,000 $126,134 $2,646 7.68%

    Wilson Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 307 originations. The second most popular income band? $150k-250k, with 292 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 284 $55,470,000 $195,317 $3,448 7.78%
    30-36% 232 $53,700,000 $231,466 $4,206 7.80%
    <20% 187 $43,665,000 $233,503 $3,720 7.81%
    43% 65 $18,325,000 $281,923 $4,981 7.53%
    44% 65 $12,515,000 $192,538 $3,943 8.26%
    50-60% 60 $19,450,000 $324,167 $3,958 7.54%
    37% 57 $12,335,000 $216,404 $3,825 7.84%
    40% 56 $15,370,000 $274,464 $3,616 7.63%
    41% 45 $10,735,000 $238,556 $4,618 7.61%
    42% 41 $8,325,000 $203,049 $4,897 7.82%
    39% 39 $7,145,000 $183,205 $3,784 7.93%
    38% 37 $9,875,000 $266,892 $4,662 7.69%
    >60% 36 $15,500,000 $430,556 $5,348 7.74%
    36% 35 $10,105,000 $288,714 $2,308 7.54%
    45% 27 $9,575,000 $354,630 $4,126 7.31%
    48% 23 $8,785,000 $381,957 $5,162 7.14%
    47% 20 $6,690,000 $334,500 $3,635 7.07%
    46% 17 $7,415,000 $436,176 $7,111 7.19%
    49% 17 $6,205,000 $365,000 $6,538 7.62%

    Wilson Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 284 originations. The next most common DTI ratio? 30-36%, with 232 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,197 $291,115,000 $243,204 $4,090 7.76%
    Not applicable 194 $162,380,000 $837,010 $28,262 7.81%
    Black 100 $30,460,000 $304,600 $3,797 7.48%
    Asian 55 $19,935,000 $362,455 $5,433 7.68%
    Not provided 14 $9,420,000 $672,857 $10,398 7.54%
    American Indian 3 $795,000 $265,000 $0 8.22%
    Japanese 1 $495,000 $495,000 $11,077 7.25%
    Asian Indian 1 $455,000 $455,000 $3,863 5.38%
    Native Hawaiian or Islander 3 $355,000 $118,333 $3,254 7.91%
    Other Asian 1 $165,000 $165,000 $0 11.45%

    Approval Rates

    Total approvals of all applications
    90.81%

    Wilson Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.87%

    Wilson Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,569 $515,575,000 $328,601

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,569 $515,575,000 $328,601

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 343 $71,995,000 $209,898 $3,080 8.03%
    40-60% 249 $122,945,000 $493,755 $5,034 7.75%
    60-80% 413 $203,385,000 $492,458 $5,778 7.47%
    80-100% 173 $65,355,000 $377,775 $4,010 6.81%
    Over 100% 7 $18,275,000 $2,610,714 $13,934 6.48%
    Under 20% 384 $33,620,000 $87,552 $1,573 8.22%