Lyndon State Bank Mortgage Rates, Fees & Info
Lyndon, KSLEI: 549300BGTO2X0ZFZVC45
Tax ID: 48-0316470
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Mortgage Data
Review & Overview
Lyndon State Bank is a smaller bank specializing in Home Purchase loans. Lyndon State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Ottawa, Wichita, and Emporia among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Lyndon State Bank has an above average approval rate when compared to the average across all lenders. They typically have relatively high rates.
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Originations
51Origination Dollar Volume (All Markets)
$6,825,000Top 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 |
|---|---|---|---|---|---|
| TOPEKA, KS (FHA|USDA|VA) | 39 | $5,405,000 | $138,590 | $0 | 5.45% |
| Ottawa, KS (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $0 | 5.55% |
| Outside of Metro Areas | 3 | $405,000 | $135,000 | $0 | 5.50% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.00% |
| Emporia, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against LYNDON STATE BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $6,825,000 | $133,824 | $0 | 5.44% |
For 2018, Lyndon State Bank's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2018, Lyndon State Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
For 2018, Lyndon State Bank's most frequently cited loan duration was 30 Year, with 26 originations. The 2nd most popular length was 20 Year, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 34 | $3,440,000 | $101,176 |
| $1k-2k | 16 | $3,310,000 | $206,875 |
Lyndon State Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 34 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 23 | $3,475,000 | $151,087 |
| 5-6% | 23 | $3,085,000 | $134,130 |
| 7-8% | 4 | $180,000 | $45,000 |
| Over 8% | 1 | $85,000 | $85,000 |
During 2018, Lyndon State Bank's average interest rate for loans was 5.22%, while their most frequently originated rate bucket for loans was 4-5%, with 23 originations.
Loan Sizing
2018 saw Lyndon State Bank place emphasis on $100,000 or less loans with 23 originations, totaling $1,385,000 in origination value.
Applicant Income
Lyndon State Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
Lyndon State Bank lent most frequently to those with DTI ratios of <20%, with 15 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 51 | $6,825,000 | $133,824 | $0 | 5.44% |
Approval Rates
Total approvals of all applications96.23%
Lyndon State 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 2 | $150,000 | $75,000 |
| 1020.0 | 1 | $35,000 | $35,000 |
| 1035.0 | 1 | $25,000 | $25,000 |
| 1130.0 | 1 | $85,000 | $85,000 |
| 1227.5 | 1 | $45,000 | $45,000 |
| 1280.0 | 1 | $35,000 | $35,000 |
| 1292.5 | 1 | $25,000 | $25,000 |
| 1345.0 | 1 | $45,000 | $45,000 |
| 1360.0 | 1 | $65,000 | $65,000 |
| 1370.0 | 2 | $270,000 | $135,000 |
| 1395.0 | 1 | $35,000 | $35,000 |
| 1443.0 | 1 | $335,000 | $335,000 |
| 1465.0 | 1 | $75,000 | $75,000 |
| 1490.0 | 1 | $45,000 | $45,000 |
| 1499.0 | 1 | $175,000 | $175,000 |
| 1695.0 | 1 | $85,000 | $85,000 |
| 1710.0 | 1 | $235,000 | $235,000 |
| 1729.0 | 1 | $105,000 | $105,000 |
| 1735.1 | 1 | $155,000 | $155,000 |
| 1765.0 | 1 | $85,000 | $85,000 |
| 1794.0 | 1 | $55,000 | $55,000 |
| 1872.0 | 1 | $125,000 | $125,000 |
| 1874.5 | 1 | $65,000 | $65,000 |
| 1893.5 | 1 | $125,000 | $125,000 |
| 1910.0 | 1 | $85,000 | $85,000 |
| 1925.0 | 1 | $155,000 | $155,000 |
| 1945.0 | 1 | $135,000 | $135,000 |
| 1990.0 | 1 | $195,000 | $195,000 |
| 2004.13 | 1 | $125,000 | $125,000 |
| 2105.78 | 1 | $45,000 | $45,000 |
| 2152.5 | 1 | $55,000 | $55,000 |
| 2160.0 | 1 | $75,000 | $75,000 |
| 2179.0 | 1 | $165,000 | $165,000 |
| 2185.0 | 1 | $225,000 | $225,000 |
| 2265.0 | 1 | $275,000 | $275,000 |
| 2372.1 | 1 | $255,000 | $255,000 |
| 2440.0 | 1 | $125,000 | $125,000 |
| 2442.5 | 1 | $105,000 | $105,000 |
| 2445.0 | 2 | $450,000 | $225,000 |
| 2535.0 | 1 | $245,000 | $245,000 |
| 2609.0 | 1 | $255,000 | $255,000 |
| 2691.5 | 1 | $135,000 | $135,000 |
| 2763.5 | 1 | $175,000 | $175,000 |
| 310.0 | 1 | $125,000 | $125,000 |
| 3741.5 | 1 | $355,000 | $355,000 |
| 3870.0 | 1 | $325,000 | $325,000 |
| NA | 2 | $260,000 | $130,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $120,000 | $60,000 |
| Single Family (1-4 Units):Site-Built | 49 | $6,705,000 | $136,837 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| LAND HOME FINANCIAL SERVICES | Conventional home mortgage | Struggling to pay mortgage | 2 | 33.3% |
| LAND HOME FINANCIAL SERVICES | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |
| LAND HOME FINANCIAL SERVICES | FHA mortgage | Closing on a mortgage | 2 | 33.3% |
| LAND HOME FINANCIAL SERVICES | Other type of mortgage | Trouble during payment process | 1 | 16.7% |