Ks Bank Mortgage Rates, Fees & Info

Smithfield, NC

LEI: 254900PW5EE7M05BEZ97

Tax ID: 56-0688557

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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

131

Origination Dollar Volume (All Markets)

$36,245,000

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
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%
Ks Bank's top markets include Raleigh, Myrtle Beach, Goldsboro, Fayetteville, and Wilson among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 100 $31,140,000 $311,400 $0 0.00%
    Cash Out Refi 14 $2,120,000 $151,429 $0 0.00%
    Home Improvement 11 $1,635,000 $148,636 $0 0.00%
    Refi 5 $1,175,000 $235,000 $0 0.00%
    Other 1 $175,000 $175,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 49 $14,195,000 $289,694 $0 0.00%
    $100k-200k 37 $5,365,000 $145,000 $0 0.00%
    $100,000 or less 21 $1,435,000 $68,333 $0 0.00%
    $400k-600k 15 $7,245,000 $483,000 $0 0.00%
    $600k-1MM 8 $6,000,000 $750,000 $0 0.00%
    $1MM+ 1 $2,005,000 $2,005,000 $0 0.00%

    2023 saw Ks Bank place emphasis on $200k-400k loans with 49 originations, totaling $14,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 19 $7,635,000 $401,842 $0 0.00%
    $100k-150k 11 $3,185,000 $289,545 $0 0.00%
    $75k-100k 8 $1,820,000 $227,500 $0 0.00%
    $250k+ 7 $4,465,000 $637,857 $0 0.00%
    $50k-75k 6 $1,000,000 $166,667 $0 0.00%
    $50k or less 5 $615,000 $123,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 73 $17,235,000 $236,096 $0 0.00%
    White 53 $17,135,000 $323,302 $0 0.00%
    Not provided 3 $1,505,000 $501,667 $0 0.00%
    Asian Indian 1 $305,000 $305,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.27%

    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 origination
    92.37%

    Ks Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $36,245,000 $276,679

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    131 $36,245,000 $276,679