Central Bank & Trust Company Mortgage Rates, Fees & Info
Lexington, KYLEI: 549300C5GU86M1X2DG56
Tax ID: 61-0153605
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Central Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Central Bank & Trust Company 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Lexington, Cincinnati, Louisville/jefferson County, Richmond, and Dayton among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Central Bank & Trust Company 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. Central Bank & Trust Company 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 about average 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 5.85% | 3/23/23 |
30 Year Conventional Purchase | 6.39% | 3/23/23 |
30 Year Conventional Refi | 6.47% | 3/23/23 |
30 Year Cash-out Refi | 6.48% | 3/23/23 |
30 Year FHA Purchase | 7.04% | 3/23/23 |
30 Year FHA Refi | 6.39% | 3/23/23 |
30 Year VA Purchase | 5.72% | 3/23/23 |
30 Year USDA Purchase | 6.53% | 3/23/23 |
15 Year Conventional Purchase | 5.84% | 3/23/23 |
15 Year Conventional Refi | 5.97% | 3/23/23 |
15 Year Cash-out Refi | 5.97% | 3/23/23 |
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. |
Originations
1,417Origination Dollar Volume (All Markets)
$363,835,000Relative Rate
Central Bank & Trust Company's average 30 year fixed mortgage rate was
4.68%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.08%.
Relative Fees (Closing Costs)
Central Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $2,821.
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 |
---|---|---|---|---|---|
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 830 | $162,190,000 | $195,410 | $2,515 | 4.08% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 149 | $81,975,000 | $550,168 | $2,586 | 3.80% |
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 207 | $37,945,000 | $183,309 | $2,722 | 4.00% |
Richmond-Berea, KY (FHA|USDA|VA) | 106 | $23,250,000 | $219,340 | $2,996 | 4.31% |
DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $12,950,000 | $6,475,000 | $0 | 5.00% |
TOLEDO, OH (FHA|USDA|VA) | 2 | $10,330,000 | $5,165,000 | $0 | 4.25% |
Outside of Metro Areas | 58 | $8,270,000 | $142,586 | $2,676 | 4.06% |
Athens, OH (FHA|USDA|VA) | 1 | $6,675,000 | $6,675,000 | $0 | 3.25% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $2,685,000 | $2,685,000 | $6,013 | 5.00% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $2,605,000 | $2,605,000 | $3,396 | 3.75% |
Frankfort, KY (FHA|USDA|VA) | 13 | $2,245,000 | $172,692 | $2,571 | 4.28% |
Danville, KY (FHA|USDA|VA) | 10 | $1,850,000 | $185,000 | $2,125 | 4.51% |
Mount Sterling, KY (FHA|USDA|VA) | 8 | $1,540,000 | $192,500 | $2,611 | 4.22% |
Paducah, KY-IL (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $4,900 | 5.00% |
OWENSBORO, KY (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $6,685 | 5.05% |
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $2,717 | 4.31% |
Bardstown, KY (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $1,876 | 2.46% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,298 | 3.00% |
BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $2,973 | 5.13% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $4,342 | 6.00% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,230 | 5.00% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 3.50% |
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,329 | 6.50% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,271 | 4.75% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,424 | 3.13% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,751 | 3.75% |
CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,778 | 3.13% |
SAVANNAH, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,549 | 3.63% |
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,635 | 2.75% |
Maysville, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,902 | 4.00% |
Morehead City, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,713 | 5.63% |
Somerset, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,186 | 5.50% |
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,992 | 3.00% |
Glasgow, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,564 | 2.50% |
KNOXVILLE, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.50% |
OCALA, FL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Central Bank & Trust Company 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
For 2022, Central Bank & Trust Company's most frequently originated type of loan was HELOC, with 732 originations. Their 2nd most popular type was Conventional, with 639 originations.
Loan Reason
For 2022, Central Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 504 originations. The 2nd most popular reason was Refi, with 364 originations.
Loan Duration/Length
For 2022, Central Bank & Trust Company's most frequently cited loan duration was 10 Year, with 658 originations. The 2nd most popular length was 30 Year, with 428 originations.
Origination Fees/Closing Costs
Central Bank & Trust Company's average total fees were $2,821, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 490 originations.
Interest Rates
During 2022, Central Bank & Trust Company's average interest rate for loans was 4.68%, while their most frequently originated rate bucket for loans was 3-4%, with 307 originations.
Loan Sizing
2022 saw Central Bank & Trust Company place emphasis on $100,000 or less loans with 511 originations, totaling $27,675,000 in origination value.
Applicant Income
Central Bank & Trust Company lent most frequently to those with incomes in the $150k-250k range, with 272 originations. The second most popular income band? $100k-150k, with 253 originations.
Applicant Debt to Income Ratio
Central Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 370 originations. The next most common DTI ratio? <20%, with 324 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.01%
Central Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination89.34%
Central Bank & Trust Company has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,417 | $363,835,000 | $256,764 |