Lee Bank And Trust Company Mortgage Rates, Fees & Info
Pennington Gap, VALEI: 254900QTT4Z8ZFTP7G09
Tax ID: 54-0279494
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Mortgage Data
Review & Overview
Lee Bank And Trust Company is a smaller bank specializing in Home Purchase loans. Lee Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Kingsport, Big Stone Gap, Bluefield, and Knoxville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Lee Bank And Trust Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
29Origination Dollar Volume (All Markets)
$2,795,000Top 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 |
|---|---|---|---|---|---|
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 8 | $950,000 | $118,750 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $650,000 | $54,167 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $5,000 | $5,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $2,795,000 | $96,379 | $0 | 0.00% |
For 2023, Lee Bank And Trust Company's most frequently originated type of loan was Conventional, with 29 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 23 | $2,465,000 | $107,174 | $0 | 0.00% |
| Refi | 4 | $200,000 | $50,000 | $0 | 0.00% |
| Other | 2 | $130,000 | $65,000 | $0 | 0.00% |
For 2023, Lee Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 29 | $2,795,000 | $96,379 | $0 | 0.00% |
For 2023, Lee Bank And Trust Company's most frequently cited loan duration was Other, with 29 originations.
Loan Sizing
2023 saw Lee Bank And Trust Company place emphasis on $100,000 or less loans with 18 originations, totaling $900,000 in origination value.
Applicant Income
Lee Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $75k-100k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 29 | $2,795,000 | $96,379 | $0 | 0.00% |
Lee Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 29 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 20 | $1,520,000 | $76,000 | $0 | 0.00% |
| Not applicable | 9 | $1,275,000 | $141,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications78.72%
Lee Bank And Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination75.86%
Lee Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 29 | $2,795,000 | $96,379 |