Bank Of Buffalo Mortgage Rates, Fees & Info
Hodgenville, KYLEI: 54930035PML8BGK0PX59
Tax ID: 61-0145919
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Mortgage Data
Review & Overview
Bank Of Buffalo is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Buffalo has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Campbellsville, Bardstown, Clarksville, and Louisville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Buffalo has an above average approval rate when compared to the average across all lenders. Bank Of Buffalo is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 8.36% | 4/17/25 |
| 30 Year Conventional Refi | 9.03% | 4/17/25 |
| 30 Year Cash-out Refi | 8.96% | 4/17/25 |
| 15 Year Conventional Purchase | 9.89% | 4/17/25 |
| 15 Year Conventional Refi | 9.73% | 4/17/25 |
| 15 Year Cash-out Refi | 9.73% | 4/17/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bank Of Buffalo Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
57Origination Dollar Volume (All Markets)
$7,715,000Awards
Bank of Buffalo - 2023
Bank of Buffalo is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 29 | $3,365,000 | $116,034 | $1,275 | 8.75% |
| Outside of Metro Areas | 10 | $1,650,000 | $165,000 | $1,208 | 8.63% |
| Campbellsville, KY (FHA|USDA|VA) | 7 | $655,000 | $93,571 | $1,160 | 8.36% |
| Bardstown, KY (FHA|USDA|VA) | 5 | $515,000 | $103,000 | $1,050 | 8.80% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $11,473 | 8.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $963 | 8.75% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,334 | 8.00% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $927 | 9.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,517 | 8.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of Buffalo 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 | 57 | $7,715,000 | $135,351 | $1,467 | 8.66% |
For 2023, Bank Of Buffalo's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2023, Bank Of Buffalo's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
For 2023, Bank Of Buffalo's most frequently cited loan duration was 20 Year, with 20 originations. The 2nd most popular length was 30 Year, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 57 | $7,715,000 | $135,351 |
Bank Of Buffalo's average total fees were $3,185, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 39 | $4,155,000 | $106,538 |
| 7-8% | 18 | $3,560,000 | $197,778 |
During 2023, Bank Of Buffalo's average interest rate for loans was 8.48%, while their most frequently originated rate bucket for loans was Over 8%, with 39 originations.
Loan Sizing
2023 saw Bank Of Buffalo place emphasis on $100,000 or less loans with 28 originations, totaling $1,360,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 48 | $6,560,000 | $136,667 | $1,567 | 8.68% |
| $150k-250k | 3 | $145,000 | $48,333 | $1,140 | 9.17% |
Bank Of Buffalo lent most frequently to those with incomes in the $250k+ range, with 48 originations. The second most popular income band? $150k-250k, with 3 originations.
Applicant Debt to Income Ratio
Bank Of Buffalo lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? >60%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Bank Of Buffalo has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 57 | $7,715,000 | $135,351 |