Edmonton State Bank Mortgage Rates, Fees & Info

Glasgow, KY

LEI: 549300AJ6XFK1ACXWQ06

Tax ID: 61-0182805

5 stars - Updated: 12/4/23 - out of 5 stars, based on 23 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Edmonton State Bank is a smaller bank specializing in Home Purchase loans. Edmonton State Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Bowling Green, Glasgow, Crestview, Nashville, and Elizabethtown among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Edmonton State Bank 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. Edmonton State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.74% 12/4/23
    30 Year Conventional Refi 6.63% 12/4/23
    30 Year Cash-out Refi 7.05% 12/4/23
    30 Year FHA Purchase 6.27% 12/4/23
    30 Year VA Refi 6.27% 12/4/23
    30 Year USDA Purchase 6.73% 12/4/23
    15 Year Conventional Purchase 6.00% 12/4/23
    15 Year Conventional Refi 5.99% 12/4/23
    15 Year Cash-out Refi 5.99% 12/4/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Edmonton State Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Edmonton State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    532

    Origination Dollar Volume (All Markets)

    $106,090,000

    Awards

    Edmonton State Bank 30 Year Conventional Loans gold Edmonton State Bank 30 Year Conventional Loans silver
    Show all (2) awards

    Relative Rate

    Edmonton State Bank's average 30 year fixed mortgage rate was 5.16%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.4%.

    Relative Fees (Closing Costs)

    Edmonton State Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,144.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    BOWLING GREEN, KY (FHA|USDA|VA) 162 $47,440,000 $292,840 $2,921 4.95%
    Glasgow, KY (FHA|USDA|VA) 270 $35,500,000 $131,481 $2,476 5.01%
    Outside of Metro Areas 88 $12,880,000 $146,364 $3,037 4.97%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $8,275,000 $8,275,000 $0 4.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $895,000 $298,333 $3,963 5.75%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 3 $455,000 $151,667 $1,916 3.87%
    Campbellsville, KY (FHA|USDA|VA) 3 $415,000 $138,333 $4,105 5.58%
    Danville, KY (FHA|USDA|VA) 1 $125,000 $125,000 $3,096 5.25%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $3,064 3.88%
    Edmonton State Bank's top markets include Bowling Green, Glasgow, Crestview, Nashville, and Elizabethtown among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Edmonton State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SERVICE ONE
    Similarity Rank: 198
    Edmonton State Bank
    Similarity Rank: 378
    Morgantown Bank & Trust Company, Incorporated
    Similarity Rank: 380
    Abound Federal Credit Union
    Similarity Rank: 391
    The Monticello Banking Company
    Similarity Rank: 665
    SOUTH CENTRAL BANK, INC.
    Similarity Rank: 1150
    Independence Bank of Kentucky
    Similarity Rank: 1517
    German American Bank
    Similarity Rank: 2200
    LAKEVIEW LOAN SERVICING, LLC
    Similarity Rank: 3945
    Republic State Mortgage Co.
    Similarity Rank: 4864

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 514 $103,180,000 $200,739 $2,574 4.98%
    USDA 18 $2,910,000 $161,667 $5,479 5.14%

    For 2022, Edmonton State Bank's most frequently originated type of loan was Conventional, with 514 originations. Their 2nd most popular type was USDA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 335 $83,605,000 $249,567 $3,044 5.03%
    Refi 109 $14,665,000 $134,541 $2,291 4.80%
    Cash Out Refi 40 $4,890,000 $122,250 $2,649 4.16%
    Home Improvement 26 $1,520,000 $58,462 $1,989 5.54%
    Other 22 $1,410,000 $64,091 $1,652 5.97%

    For 2022, Edmonton State Bank's most frequently cited loan purpose was Home Purchase, with 335 originations. The 2nd most popular reason was Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 202 $40,860,000 $202,277 $3,144 5.16%
    20 Year 155 $21,995,000 $141,903 $2,350 4.93%
    15 Year 72 $7,670,000 $106,528 $2,454 4.27%
    10 Year 44 $2,790,000 $63,409 $1,786 5.39%
    1 Year 31 $7,155,000 $230,806 $2,555 4.79%
    Other 20 $17,090,000 $854,500 $2,352 5.11%
    5 Year 7 $8,505,000 $1,215,000 $1,481 6.57%
    3 Year 1 $25,000 $25,000 $0 3.88%

    For 2022, Edmonton State Bank's most frequently cited loan duration was 30 Year, with 202 originations. The 2nd most popular length was 20 Year, with 155 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 154 $15,340,000 $99,610
    $<1k 126 $17,970,000 $142,619
    $2k-3k 86 $15,380,000 $178,837
    $3k-4k 26 $8,400,000 $323,077
    $4k-5k 5 $1,775,000 $355,000
    $5k+ 4 $2,340,000 $585,000

    Edmonton State Bank's average total fees were $3,144, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 154 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 235 $39,815,000 $169,426
    3-4% 115 $28,995,000 $252,130
    4-5% 90 $27,040,000 $300,444
    6-7% 60 $6,790,000 $113,167
    2.5-3% 13 $1,285,000 $98,846
    Over 8% 7 $215,000 $30,714
    <2.5% 7 $945,000 $135,000
    7-8% 4 $780,000 $195,000

    During 2022, Edmonton State Bank's average interest rate for loans was 5.16%, while their most frequently originated rate bucket for loans was 5-6%, with 235 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 210 $30,390,000 $144,714 $2,797 4.88%
    $100,000 or less 193 $11,455,000 $59,352 $1,997 5.16%
    $200k-400k 97 $25,115,000 $258,918 $3,613 4.88%
    $400k-600k 18 $8,170,000 $453,889 $3,603 5.17%
    $1MM+ 8 $26,160,000 $3,270,000 $5,622 4.18%
    $600k-1MM 6 $4,800,000 $800,000 $3,342 5.15%

    2022 saw Edmonton State Bank place emphasis on $100k-200k loans with 210 originations, totaling $30,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 146 $13,340,000 $91,370 $2,382 5.10%
    $50k-75k 118 $17,080,000 $144,746 $2,829 4.99%
    $100k-150k 81 $12,655,000 $156,235 $2,475 5.10%
    $75k-100k 68 $11,210,000 $164,853 $3,127 4.88%
    $150k-250k 32 $7,380,000 $230,625 $3,056 4.88%
    $250k+ 17 $7,245,000 $426,176 $4,148 4.81%

    Edmonton State Bank lent most frequently to those with incomes in the $50k or less range, with 146 originations. The second most popular income band? $50k-75k, with 118 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 119 $18,095,000 $152,059 $2,695 4.97%
    30-36% 74 $10,060,000 $135,946 $2,503 5.03%
    <20% 52 $6,710,000 $129,038 $2,362 4.81%
    43% 22 $2,440,000 $110,909 $2,385 5.24%
    40% 21 $2,285,000 $108,810 $2,769 4.92%
    37% 21 $3,095,000 $147,381 $2,729 5.23%
    44% 18 $4,070,000 $226,111 $3,363 4.92%
    36% 17 $2,925,000 $172,059 $3,581 5.20%
    42% 16 $2,250,000 $140,625 $2,867 5.12%
    39% 15 $2,685,000 $179,000 $2,953 5.06%
    >60% 15 $2,015,000 $134,333 $2,469 5.35%
    45% 12 $2,620,000 $218,333 $3,320 5.31%
    41% 10 $1,320,000 $132,000 $2,155 5.73%
    46% 8 $1,660,000 $207,500 $2,727 4.69%
    38% 8 $1,180,000 $147,500 $3,415 5.61%
    47% 7 $995,000 $142,143 $2,589 4.73%
    50-60% 7 $1,575,000 $225,000 $2,424 5.13%
    48% 6 $1,080,000 $180,000 $2,725 5.35%
    49% 4 $600,000 $150,000 $2,864 4.56%

    Edmonton State Bank lent most frequently to those with DTI ratios of 20-30%, with 119 originations. The next most common DTI ratio? 30-36%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 453 $67,905,000 $149,901 $2,690 5.01%
    Not applicable 62 $33,040,000 $532,903 $0 4.75%
    Asian 3 $2,765,000 $921,667 $3,110 4.16%
    Not provided 6 $1,360,000 $226,667 $3,895 5.73%
    Black 5 $575,000 $115,000 $2,421 5.23%
    Other Pacific Islander 1 $275,000 $275,000 $1,345 5.25%
    Native Hawaiian or Islander 1 $115,000 $115,000 $3,061 3.00%
    American Indian 1 $55,000 $55,000 $1,988 4.50%

    Approval Rates

    Total approvals of all applications
    86.92%

    Edmonton State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.40%

    Edmonton State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 532 $106,090,000 $199,417

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    532 $106,090,000 $199,417

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 69 $6,335,000 $91,812 $2,247 4.98%
    40-60% 82 $19,850,000 $242,073 $2,325 4.77%
    60-80% 164 $39,830,000 $242,866 $2,724 4.88%
    80-100% 179 $37,415,000 $209,022 $3,395 5.06%
    Under 20% 38 $2,660,000 $70,000 $1,456 5.56%