Kirkpatrick Bank Mortgage Rates, Fees & Info

Edmond, OK

LEI: 5493009EEWZ9S4F2BE94

Tax ID: 73-0789115

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Mortgage Data

Review & Overview

Kirkpatrick Bank is a smaller bank specializing in Home Purchase and Refi loans. Kirkpatrick Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Oklahoma City, Colorado Springs, and Denver among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Kirkpatrick Bank has an above 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

105

Origination Dollar Volume (All Markets)

$58,395,000

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
Outside of Metro Areas 24 $26,240,000 $1,093,333 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 76 $23,430,000 $308,289 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $6,665,000 $2,221,667 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $2,060,000 $1,030,000 $0 0.00%
Kirkpatrick Bank's top markets include Oklahoma City, Colorado Springs, and Denver among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 91 $53,835,000 $591,593 $0 0.00%
    FHA 10 $2,900,000 $290,000 $0 0.00%
    VA 4 $1,660,000 $415,000 $0 0.00%

    For 2023, Kirkpatrick Bank's most frequently originated type of loan was Conventional, with 91 originations. Their 2nd most popular type was FHA, with 10 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $34,880,000 $396,364 $0 0.00%
    Refi 9 $22,895,000 $2,543,889 $0 0.00%
    Home Improvement 4 $250,000 $62,500 $0 0.00%
    Other 3 $295,000 $98,333 $0 0.00%
    Cash Out Refi 1 $75,000 $75,000 $0 0.00%

    For 2023, Kirkpatrick Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 105 $58,395,000 $556,143 $0 0.00%

    For 2023, Kirkpatrick Bank's most frequently cited loan duration was Other, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 43 $12,595,000 $292,907 $0 0.00%
    $100k-200k 22 $3,500,000 $159,091 $0 0.00%
    $100,000 or less 13 $695,000 $53,462 $0 0.00%
    $400k-600k 13 $5,915,000 $455,000 $0 0.00%
    $600k-1MM 8 $5,610,000 $701,250 $0 0.00%
    $1MM+ 6 $30,080,000 $5,013,333 $0 0.00%

    2023 saw Kirkpatrick Bank place emphasis on $200k-400k loans with 43 originations, totaling $12,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 25 $8,455,000 $338,200 $0 0.00%
    $100k-150k 20 $6,030,000 $301,500 $0 0.00%
    $250k+ 18 $9,070,000 $503,889 $0 0.00%
    $50k-75k 16 $3,080,000 $192,500 $0 0.00%
    $75k-100k 10 $2,210,000 $221,000 $0 0.00%
    $50k or less 7 $445,000 $63,571 $0 0.00%

    Kirkpatrick Bank lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $100k-150k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 105 $58,395,000 $556,143 $0 0.00%

    Kirkpatrick Bank lent most frequently to those with DTI ratios of Exempt%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 8 $29,070,000 $3,633,750 $0 0.00%
    White 78 $22,420,000 $287,436 $0 0.00%
    Not provided 9 $3,905,000 $433,889 $0 0.00%
    American Indian 6 $1,700,000 $283,333 $0 0.00%
    Asian 2 $910,000 $455,000 $0 0.00%
    Black 2 $390,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.40%

    Kirkpatrick Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.62%

    Kirkpatrick Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 105 $58,395,000 $556,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    105 $58,395,000 $556,143