Wilson Bank And Trust Mortgage Rates, Fees & Info

Lebanon, TN

LEI: 254900PVWALA7JTBXA31

Tax ID: 63-1310217

5 stars - Updated: 2/25/24 - out of 5 stars, based on 47 reviews

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

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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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 2/25/24
30 Year Conventional Purchase 6.67% 2/25/24
30 Year Conventional Refi 6.60% 2/25/24
30 Year Cash-out Refi 6.91% 2/25/24
30 Year FHA Purchase 7.30% 2/25/24
30 Year FHA Refi 7.18% 2/25/24
30 Year VA Purchase 6.56% 2/25/24
30 Year VA Refi 6.07% 2/25/24
30 Year USDA Purchase 6.77% 2/25/24
15 Year Conventional Purchase 6.61% 2/25/24
15 Year Conventional Refi 6.51% 2/25/24
15 Year Cash-out Refi 6.51% 2/25/24
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

2,254

Origination Dollar Volume (All Markets)

$683,560,000
Show all (9) awards

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%
Wilson Bank And Trust's top markets include Nashville, Cookeville, Sevierville, Tullahoma, and Knoxville among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Alaska (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,206 $484,480,000 $401,725 $4,507 4.79%
    HELOC 1,003 $185,295,000 $184,741 n/a 4.97%
    FHA 24 $7,740,000 $322,500 $8,531 4.53%
    USDA 11 $2,295,000 $208,636 $3,515 4.24%
    VA 10 $3,750,000 $375,000 $8,031 4.06%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 803 $353,235,000 $439,894 $5,410 4.76%
    Refi 550 $195,650,000 $355,727 $3,986 4.79%
    Other 527 $82,265,000 $156,101 $2,136 5.10%
    Home Improvement 314 $36,790,000 $117,166 $2,215 4.93%
    Cash Out Refi 60 $15,620,000 $260,333 $4,448 4.36%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 950 $155,510,000 $163,695 $1,149 4.94%
    30 Year 543 $190,865,000 $351,501 $4,643 4.47%
    20 Year 269 $98,145,000 $364,851 $3,236 4.87%
    Other 164 $137,040,000 $835,610 $11,277 4.87%
    15 Year 142 $23,140,000 $162,958 $2,402 5.32%
    1 Year 90 $32,170,000 $357,444 $7,228 5.39%
    30+ year 79 $42,665,000 $540,063 $6,996 4.98%
    3 Year 11 $3,065,000 $278,636 $0 5.64%
    5 Year 6 $960,000 $160,000 $1,183 5.20%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 284 $68,070,000 $239,683
    $1k-2k 161 $35,565,000 $220,901
    $5k+ 120 $93,050,000 $775,417
    $2k-3k 106 $28,630,000 $270,094
    $3k-4k 100 $34,230,000 $342,300
    $4k-5k 56 $24,950,000 $445,536

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 765 $244,805,000 $320,007
    4-5% 677 $221,825,000 $327,659
    5-6% 301 $86,035,000 $285,831
    6-7% 234 $72,080,000 $308,034
    7-8% 202 $36,810,000 $182,228
    2.5-3% 41 $16,775,000 $409,146
    Over 8% 28 $3,140,000 $112,143
    <2.5% 2 $830,000 $415,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 693 $197,325,000 $284,740 $4,203 4.72%
    $100k-200k 567 $80,165,000 $141,384 $2,852 4.87%
    $100,000 or less 527 $29,725,000 $56,404 $1,467 5.21%
    $400k-600k 266 $126,620,000 $476,015 $5,777 4.65%
    $600k-1MM 135 $97,805,000 $724,481 $8,753 4.69%
    $1MM+ 66 $151,920,000 $2,301,818 $21,476 4.72%

    2022 saw Wilson Bank And Trust place emphasis on $200k-400k loans with 693 originations, totaling $197,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 511 $115,515,000 $226,057 $4,554 4.96%
    $150k-250k 369 $110,275,000 $298,848 $5,579 4.86%
    $50k-75k 330 $55,590,000 $168,455 $3,171 4.73%
    $75k-100k 290 $61,260,000 $211,241 $4,014 5.02%
    $250k+ 279 $135,275,000 $484,857 $9,471 4.90%
    $50k or less 194 $25,340,000 $130,619 $2,957 4.74%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 519 $118,985,000 $229,258 $4,099 4.85%
    <20% 394 $95,270,000 $241,802 $4,676 4.53%
    30-36% 343 $91,625,000 $267,128 $4,904 4.93%
    44% 83 $18,225,000 $219,578 $4,964 5.24%
    41% 68 $15,400,000 $226,471 $3,900 4.96%
    43% 65 $15,355,000 $236,231 $4,358 5.14%
    38% 64 $15,620,000 $244,063 $4,032 4.98%
    36% 61 $13,915,000 $228,115 $3,116 5.08%
    42% 60 $13,610,000 $226,833 $4,061 4.95%
    37% 56 $15,750,000 $281,250 $5,028 4.69%
    39% 54 $11,400,000 $211,111 $5,352 5.11%
    50-60% 49 $18,285,000 $373,163 $6,340 4.88%
    40% 45 $12,225,000 $271,667 $5,087 5.15%
    >60% 38 $16,810,000 $442,368 $12,975 5.29%
    45% 30 $9,710,000 $323,667 $6,135 5.40%
    48% 21 $7,995,000 $380,714 $5,104 4.90%
    47% 14 $4,090,000 $292,143 $4,668 5.40%
    46% 13 $3,165,000 $243,462 $3,990 4.96%
    49% 11 $2,605,000 $236,818 $6,652 4.58%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,853 $469,745,000 $253,505 $4,453 4.86%
    Not applicable 204 $156,110,000 $765,245 $57,195 4.80%
    Black 103 $31,405,000 $304,903 $6,297 5.12%
    Asian 68 $20,610,000 $303,088 $6,682 4.76%
    Not provided 17 $3,775,000 $222,059 $4,163 4.70%
    American Indian 4 $680,000 $170,000 $3,345 6.10%
    Asian Indian 1 $645,000 $645,000 $0 3.00%
    Other Asian 2 $290,000 $145,000 $4,402 4.01%
    Native Hawaiian or Islander 1 $235,000 $235,000 $0 6.60%
    Other Pacific Islander 1 $65,000 $65,000 $0 6.30%

    Approval Rates

    Total approvals of all applications
    93.07%

    Wilson Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.53%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,254 $683,560,000 $303,265

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 491 $105,125,000 $214,104 $3,203 4.93%
    40-60% 415 $142,415,000 $343,169 $4,880 4.74%
    60-80% 592 $290,450,000 $490,625 $6,030 4.71%
    80-100% 252 $95,100,000 $377,381 $4,806 4.62%
    Over 100% 5 $4,605,000 $921,000 $0 5.74%
    Under 20% 499 $45,865,000 $91,914 $1,521 5.19%