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: Charleston, Big Stone Gap, Sevierville, and Kingsport 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 a below 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
41Origination Dollar Volume (All Markets)
$4,005,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 32 | $1,770,000 | $55,313 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $1,600,000 | $800,000 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 41 | $4,005,000 | $97,683 | $0 | 0.00% |
For 2019, Lee Bank And Trust Company's most frequently originated type of loan was Conventional, with 41 originations.
Loan Reason
For 2019, Lee Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $4,005,000 | $97,683 | $0 | 0.00% |
For 2019, Lee Bank And Trust Company's most frequently cited loan duration was Other, with 41 originations.
Loan Sizing
2019 saw Lee Bank And Trust Company place emphasis on $100,000 or less loans with 29 originations, totaling $1,005,000 in origination value.
Applicant Income
Lee Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 41 | $4,005,000 | $97,683 | $0 | 0.00% |
Lee Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 41 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $3,455,000 | $93,378 | $0 | 0.00% |
| Not applicable | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Black | 1 | $125,000 | $125,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications65.00%
Lee Bank And Trust Company has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination73.17%
Lee Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 41 | $4,005,000 | $97,683 |