Lee Bank And Trust Company Mortgage Rates, Fees & Info

Pennington Gap, VA

LEI: 254900QTT4Z8ZFTP7G09

Tax ID: 54-0279494

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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, and Charleston among others. We have data for 4 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.

    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.

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    Originations

    53

    Origination Dollar Volume (All Markets)

    $4,965,000

    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
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 17 $2,345,000 $137,941 $0 0.00%
    Outside of Metro Areas 29 $1,885,000 $65,000 $0 0.00%
    Big Stone Gap, VA (FHA|USDA|VA) 6 $450,000 $75,000 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Lee Bank And Trust Company's top markets include Kingsport, Big Stone Gap, and Charleston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $4,965,000 $93,679 $0 0.00%

    For 2018, Lee Bank And Trust Company's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $3,090,000 $118,846 $0 0.00%
    Other 13 $945,000 $72,692 $0 0.00%
    Refi 13 $875,000 $67,308 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%

    For 2018, Lee Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Other, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $4,965,000 $93,679 $0 0.00%

    For 2018, Lee Bank And Trust Company's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 40 $2,170,000 $54,250 $0 0.00%
    $100k-200k 8 $1,130,000 $141,250 $0 0.00%
    $200k-400k 4 $1,190,000 $297,500 $0 0.00%
    $400k-600k 1 $475,000 $475,000 $0 0.00%

    2018 saw Lee Bank And Trust Company place emphasis on $100,000 or less loans with 40 originations, totaling $2,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $940,000 $67,143 $0 0.00%
    $75k-100k 5 $685,000 $137,000 $0 0.00%
    $250k+ 3 $695,000 $231,667 $0 0.00%
    $50k-75k 3 $195,000 $65,000 $0 0.00%
    $150k-250k 2 $480,000 $240,000 $0 0.00%
    $100k-150k 1 $475,000 $475,000 $0 0.00%

    Lee Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $75k-100k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $4,965,000 $93,679 $0 0.00%

    Lee Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 45 $4,295,000 $95,444 $0 0.00%
    Not applicable 8 $670,000 $83,750 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.67%

    Lee Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.25%

    Lee Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $4,965,000 $93,679

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $160,000 $80,000
    Single Family (1-4 Units):Manufactured 7 $395,000 $56,429
    Single Family (1-4 Units):Site-Built 44 $4,410,000 $100,227