Lyndon State Bank Mortgage Rates, Fees & Info

Lyndon, KS

LEI: 549300BGTO2X0ZFZVC45

Tax ID: 48-0316470

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Lyndon State Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Other loans. Lyndon State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Ottawa, Emporia, and Lawrence 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. Lyndon 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.

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    Originations

    54

    Origination Dollar Volume (All Markets)

    $5,880,000

    Awards

    LYNDON STATE BANK 30 Year Conventional Loans gold
    Show all (1) awards

    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
    TOPEKA, KS (FHA|USDA|VA) 46 $5,120,000 $111,304 $1,650 5.58%
    Ottawa, KS (FHA|USDA|VA) 3 $285,000 $95,000 $1,425 5.67%
    Emporia, KS (FHA|USDA|VA) 1 $195,000 $195,000 $2,711 6.25%
    Outside of Metro Areas 3 $165,000 $55,000 $1,091 6.08%
    LAWRENCE, KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,015 4.00%
    Lyndon State Bank's top markets include Topeka, Ottawa, Emporia, and Lawrence among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)

    • 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.

    CoreFirst Bank & Trust
    Similarity Rank: 77
    LYNDON STATE BANK
    Similarity Rank: 115
    Azura Credit Union
    Similarity Rank: 210
    Central National Bank
    Similarity Rank: 231
    Capitol Federal Savings Bank
    Similarity Rank: 608
    Mortgage Investment Services Corporation
    Similarity Rank: 645
    Landmark National Bank
    Similarity Rank: 1240
    COMMUNITYAMERICA
    Similarity Rank: 2464
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 3540
    Mortgage Research Center, LLC
    Similarity Rank: 7360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $5,880,000 $108,889 $1,643 5.60%

    For 2019, Lyndon State Bank's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $1,965,000 $103,421 $1,995 5.49%
    Cash Out Refi 16 $1,560,000 $97,500 $1,466 5.53%
    Other 9 $1,475,000 $163,889 $2,068 5.69%
    Refi 7 $525,000 $75,000 $1,007 5.75%
    Home Improvement 3 $355,000 $118,333 $831 6.00%

    For 2019, Lyndon State Bank's most frequently cited loan purpose was Home Purchase, with 19 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
    30 Year 27 $3,505,000 $129,815 $1,969 5.46%
    15 Year 10 $720,000 $72,000 $1,300 5.67%
    20 Year 8 $780,000 $97,500 $1,342 5.28%
    10 Year 5 $345,000 $69,000 $1,187 6.05%
    Other 3 $435,000 $145,000 $1,564 6.83%
    30+ year 1 $95,000 $95,000 $1,461 5.25%

    For 2019, Lyndon State Bank's most frequently cited loan duration was 30 Year, with 27 originations. The 2nd most popular length was 15 Year, with 10 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 45 $3,945,000 $87,667
    $1k-2k 8 $1,630,000 $203,750
    $3k-4k 1 $305,000 $305,000

    Lyndon State Bank's average total fees were $1,969, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 45 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 35 $3,525,000 $100,714
    4-5% 10 $1,430,000 $143,000
    6-7% 4 $350,000 $87,500
    3-4% 2 $320,000 $160,000
    7-8% 2 $220,000 $110,000
    Over 8% 1 $35,000 $35,000

    During 2019, Lyndon State Bank's average interest rate for loans was 5.46%, while their most frequently originated rate bucket for loans was 5-6%, with 35 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,625,000 $56,034 $1,329 5.78%
    $100k-200k 20 $2,900,000 $145,000 $1,744 5.49%
    $200k-400k 5 $1,355,000 $271,000 $3,020 5.00%

    2019 saw Lyndon State Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,310,000 $65,500 $1,378 5.50%
    $50k-75k 14 $1,690,000 $120,714 $1,805 5.78%
    $100k-150k 8 $1,620,000 $202,500 $2,126 5.31%
    $75k-100k 4 $390,000 $97,500 $1,637 5.94%
    $150k-250k 3 $385,000 $128,333 $2,069 5.08%
    $250k+ 3 $375,000 $125,000 $1,417 5.33%

    Lyndon State Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 18 $1,810,000 $100,556 $1,683 5.47%
    <20% 13 $1,325,000 $101,923 $1,485 5.67%
    30-36% 12 $1,550,000 $129,167 $1,654 5.46%
    37% 2 $150,000 $75,000 $1,180 6.00%
    36% 2 $200,000 $100,000 $1,580 5.38%
    38% 2 $350,000 $175,000 $3,260 6.00%
    39% 1 $155,000 $155,000 $2,164 5.50%
    46% 1 $155,000 $155,000 $1,778 5.00%
    50-60% 1 $75,000 $75,000 $1,250 5.50%

    Lyndon State Bank lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? <20%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $5,770,000 $110,962 $1,634 5.61%
    American Indian 1 $55,000 $55,000 $1,935 5.75%
    Asian 1 $55,000 $55,000 $1,796 4.90%

    Approval Rates

    Total approvals of all applications
    98.18%

    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 origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 54 $5,880,000 $108,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 54 $5,880,000 $108,889

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $170,000 $42,500 $1,202 6.25%
    40-60% 6 $380,000 $63,333 $1,178 5.48%
    60-80% 16 $2,080,000 $130,000 $1,864 5.47%
    80-100% 26 $3,160,000 $121,538 $1,763 5.55%
    Under 20% 2 $90,000 $45,000 $771 6.38%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Lendmark Financial Services Other type of mortgage Improper use of your report 1 100.0%