Walters Bank And Trust Company Mortgage Rates, Fees & Info
Walters, OKLEI: 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 an above average pick rate when compared to similar lenders.
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Originations
40Origination Dollar Volume (All Markets)
$2,200,000Top 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 |
|---|---|---|---|---|---|
| LAWTON, OK (FHA|USDA|VA) | 37 | $1,895,000 | $51,216 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $305,000 | $101,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $2,200,000 | $55,000 | $0 | 0.00% |
For 2019, Walters Bank And Trust Company's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
For 2019, Walters Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 19 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 | 40 | $2,200,000 | $55,000 | $0 | 0.00% |
For 2019, Walters Bank And Trust Company's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 35 | $1,475,000 | $42,143 | $0 | 0.00% |
| $100k-200k | 5 | $725,000 | $145,000 | $0 | 0.00% |
2019 saw Walters Bank And Trust Company place emphasis on $100,000 or less loans with 35 originations, totaling $1,475,000 in origination value.
Applicant Income
Walters Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 18 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $2,200,000 | $55,000 | $0 | 0.00% |
Walters Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 31 | $1,785,000 | $57,581 | $0 | 0.00% |
| American Indian | 7 | $225,000 | $32,143 | $0 | 0.00% |
| Asian | 2 | $190,000 | $95,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications88.00%
Walters Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination90.00%
Walters Bank And Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $2,200,000 | $55,000 |