Ks Bank Mortgage Rates, Fees & Info
Smithfield, NCLEI: 254900PW5EE7M05BEZ97
Tax ID: 56-0688557
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Ks Bank is a smaller bank specializing in Home Purchase loans. Ks Bank has a high proportion of conventional loans. Their top markets by origination volume include: Raleigh, Myrtle Beach, Goldsboro, Fayetteville, and Wilson among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Ks Bank 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
131Origination Dollar Volume (All Markets)
$36,245,000Top 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 |
|---|---|---|---|---|---|
| RALEIGH-CARY, NC (FHA|USDA|VA) | 76 | $22,240,000 | $292,632 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $3,290,000 | $822,500 | $0 | 0.00% |
| GOLDSBORO, NC (FHA|USDA|VA) | 16 | $2,410,000 | $150,625 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $2,355,000 | $336,429 | $0 | 0.00% |
| Wilson, NC (FHA|USDA|VA) | 11 | $1,805,000 | $164,091 | $0 | 0.00% |
| Morehead City, NC (FHA|USDA|VA) | 5 | $1,215,000 | $243,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $970,000 | $242,500 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Kinston, NC (FHA|USDA|VA) | 3 | $165,000 | $55,000 | $0 | 0.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 131 | $36,245,000 | $276,679 | $0 | 0.00% |
For 2023, Ks Bank's most frequently originated type of loan was Conventional, with 131 originations.
Loan Reason
For 2023, Ks Bank's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Cash Out Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 131 | $36,245,000 | $276,679 | $0 | 0.00% |
For 2023, Ks Bank's most frequently cited loan duration was Other, with 131 originations.
Loan Sizing
2023 saw Ks Bank place emphasis on $200k-400k loans with 49 originations, totaling $14,195,000 in origination value.
Applicant Income
Ks Bank lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 131 | $36,245,000 | $276,679 | $0 | 0.00% |
Ks Bank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.27%
Ks Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.37%
Ks Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 131 | $36,245,000 | $276,679 |