Kirkpatrick Bank Mortgage Rates, Fees & Info
Edmond, OKLEI: 5493009EEWZ9S4F2BE94
Tax ID: 73-0789115
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Mortgage Data
Review & Overview
Kirkpatrick Bank is a smaller bank specializing in Home Purchase 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, Denver, and Stillwater among others. We have data for 5 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
156Origination Dollar Volume (All Markets)
$49,120,000Top 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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 105 | $27,685,000 | $263,667 | $0 | 0.00% |
| Outside of Metro Areas | 37 | $15,255,000 | $412,297 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $4,030,000 | $403,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $2,065,000 | $688,333 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 139 | $44,495,000 | $320,108 | $0 | 0.00% |
| VA | 9 | $2,845,000 | $316,111 | $0 | 0.00% |
| FHA | 8 | $1,780,000 | $222,500 | $0 | 0.00% |
For 2022, Kirkpatrick Bank's most frequently originated type of loan was Conventional, with 139 originations. Their 2nd most popular type was VA, with 9 originations.
Loan Reason
For 2022, Kirkpatrick Bank's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Cash Out Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 156 | $49,120,000 | $314,872 | $0 | 0.00% |
For 2022, Kirkpatrick Bank's most frequently cited loan duration was Other, with 156 originations.
Loan Sizing
2022 saw Kirkpatrick Bank place emphasis on $200k-400k loans with 67 originations, totaling $18,875,000 in origination value.
Applicant Income
Kirkpatrick Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 156 | $49,120,000 | $314,872 | $0 | 0.00% |
Kirkpatrick Bank lent most frequently to those with DTI ratios of Exempt%, with 156 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.22%
Kirkpatrick Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.10%
Kirkpatrick Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 156 | $49,120,000 | $314,872 |