The Monticello Banking Company Mortgage Rates, Fees & Info
Monticello, KYLEI: 54930020VWE4K0ME5605
Tax ID: 61-0284670
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Monticello Banking Company is a smaller bank specializing in Home Purchase loans. The Monticello Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Richmond, Somerset, London, and Bowling Green among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)The Monticello Banking 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
199Origination Dollar Volume (All Markets)
$38,265,000Top 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 | 81 | $8,805,000 | $108,704 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 11 | $5,975,000 | $543,182 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 10 | $5,820,000 | $582,000 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 27 | $4,145,000 | $153,519 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 20 | $3,970,000 | $198,500 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 18 | $3,750,000 | $208,333 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 12 | $3,360,000 | $280,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 15 | $1,885,000 | $125,667 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Monticello Banking Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 199 | $38,265,000 | $192,286 | $0 | 0.00% |
For 2024, The Monticello Banking Company's most frequently originated type of loan was Conventional, with 199 originations.
Loan Reason
For 2024, The Monticello Banking Company's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 199 | $38,265,000 | $192,286 | $0 | 0.00% |
For 2024, The Monticello Banking Company's most frequently cited loan duration was Other, with 199 originations.
Loan Sizing
2024 saw The Monticello Banking Company place emphasis on $100,000 or less loans with 91 originations, totaling $5,155,000 in origination value.
Applicant Income
The Monticello Banking Company lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $250k+, with 23 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 199 | $38,265,000 | $192,286 | $0 | 0.00% |
The Monticello Banking Company lent most frequently to those with DTI ratios of Exempt%, with 199 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.15%
The Monticello Banking Company has a below average approval rate.
Pick Rate
Approvals leading to origination77.39%
The Monticello Banking Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 199 | $38,265,000 | $192,286 |