Walters Bank And Trust Company Mortgage Rates, Fees & Info

Walters, OK

LEI: 5493008OQHUQJ5KP2L65

Tax ID: 73-0500577

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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 (well, only) market is Lawton.

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.

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Originations

33

Origination Dollar Volume (All Markets)

$2,355,000

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) 29 $1,895,000 $65,345 $0 0.00%
Outside of Metro Areas 4 $460,000 $115,000 $0 0.00%
Walters Bank And Trust Company's top markets include and Lawton among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 33 $2,355,000 $71,364 $0 0.00%

    For 2018, Walters Bank And Trust Company's most frequently originated type of loan was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $1,385,000 $92,333 $0 0.00%
    Refi 15 $765,000 $51,000 $0 0.00%
    Other 2 $150,000 $75,000 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%

    For 2018, Walters Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 33 $2,355,000 $71,364 $0 0.00%

    For 2018, Walters Bank And Trust Company's most frequently cited loan duration was Other, with 33 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,095,000 $43,800 $0 0.00%
    $100k-200k 7 $995,000 $142,143 $0 0.00%
    $200k-400k 1 $265,000 $265,000 $0 0.00%

    2018 saw Walters Bank And Trust Company place emphasis on $100,000 or less loans with 25 originations, totaling $1,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $960,000 $96,000 $0 0.00%
    $50k or less 9 $345,000 $38,333 $0 0.00%
    $50k-75k 8 $690,000 $86,250 $0 0.00%
    $75k-100k 3 $115,000 $38,333 $0 0.00%
    $150k-250k 2 $150,000 $75,000 $0 0.00%

    Walters Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $2,355,000 $71,364 $0 0.00%

    Walters Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 33 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 31 $2,255,000 $72,742 $0 0.00%
    American Indian 2 $100,000 $50,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.43%

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

    Pick Rate

    Approvals leading to origination
    87.88%

    Walters Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 33 $2,355,000 $71,364

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $335,000 $111,667
    Single Family (1-4 Units):Site-Built 30 $2,020,000 $67,333