Walters Bank And Trust Company Mortgage Rates, Fees & Info

Walters, OK

LEI: 5493008OQHUQJ5KP2L65

Tax ID: 73-0500577

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

Jump to:

Mortgage Data

Review & Overview

Walters Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Walters Bank And Trust Company has a high proportion of conventional loans. Their top two markets are Lawton and Oklahoma City .

Walters 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

37

Origination Dollar Volume (All Markets)

$2,665,000

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
LAWTON, OK (FHA|USDA|VA) 33 $2,295,000 $69,545 $0 0.00%
Outside of Metro Areas 3 $305,000 $101,667 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Walters Bank And Trust Company's top markets include Lawton and Oklahoma City among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 37 $2,665,000 $72,027 $0 0.00%

    For 2023, Walters Bank And Trust Company's most frequently originated type of loan was Conventional, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $1,425,000 $83,824 $0 0.00%
    Refi 17 $1,135,000 $66,765 $0 0.00%
    Home Improvement 2 $90,000 $45,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%

    For 2023, Walters Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 37 $2,665,000 $72,027 $0 0.00%

    For 2023, Walters Bank And Trust Company's most frequently cited loan duration was Other, with 37 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,340,000 $47,857 $0 0.00%
    $100k-200k 7 $905,000 $129,286 $0 0.00%
    $200k-400k 2 $420,000 $210,000 $0 0.00%

    2023 saw Walters Bank And Trust Company place emphasis on $100,000 or less loans with 28 originations, totaling $1,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 11 $555,000 $50,455 $0 0.00%
    $50k-75k 10 $660,000 $66,000 $0 0.00%
    $75k-100k 9 $695,000 $77,222 $0 0.00%
    $100k-150k 4 $470,000 $117,500 $0 0.00%
    $150k-250k 2 $240,000 $120,000 $0 0.00%

    Walters Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 37 $2,665,000 $72,027 $0 0.00%

    Walters Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 32 $2,490,000 $77,813 $0 0.00%
    American Indian 2 $100,000 $50,000 $0 0.00%
    Not applicable 1 $45,000 $45,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%
    Not provided 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.39%

    Walters Bank And Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.19%

    Walters Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 37 $2,665,000 $72,027

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    37 $2,665,000 $72,027