River City Bank Mortgage Rates, Fees & Info
Louisville, KYLEI: 5493002UNUIL8WHZAD63
Tax ID: 61-1100657
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Mortgage Data
Review & Overview
River City Bank is a smaller bank specializing in Home Purchase loans. River City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Elizabethtown, Bowling Green, and Bardstown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)River City Bank 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
265Origination Dollar Volume (All Markets)
$73,525,000Top 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 |
|---|---|---|---|---|---|
| LOUISVILLE, KY (FHA|USDA|VA) | 247 | $70,925,000 | $287,146 | $0 | 0.00% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 11 | $1,795,000 | $163,182 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $205,000 | $68,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 265 | $73,525,000 | $277,453 | $0 | 0.00% |
For 2023, River City Bank's most frequently originated type of loan was Conventional, with 265 originations.
Loan Reason
For 2023, River City Bank's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Home Improvement, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 265 | $73,525,000 | $277,453 | $0 | 0.00% |
For 2023, River City Bank's most frequently cited loan duration was Other, with 265 originations.
Loan Sizing
2023 saw River City Bank place emphasis on $100k-200k loans with 119 originations, totaling $17,105,000 in origination value.
Applicant Income
River City Bank lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 265 | $73,525,000 | $277,453 | $0 | 0.00% |
River City Bank lent most frequently to those with DTI ratios of Exempt%, with 265 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.37%
River City Bank has a below average approval rate.
Pick Rate
Approvals leading to origination66.04%
River City Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 265 | $73,525,000 | $277,453 |