The Commercial Bank Of Grayson Mortgage Rates, Fees & Info

Grayson, KY

LEI: 549300C88V21IBGP5Y54

Tax ID: 61-1051197

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
  • 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

    The Commercial Bank Of Grayson is a smaller bank specializing in Home Purchase and Refi loans. The Commercial Bank Of Grayson has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Lexington, and Nashville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Commercial Bank Of Grayson 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.

    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

    170

    Origination Dollar Volume (All Markets)

    $18,210,000

    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
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 156 $16,530,000 $105,962 $0 0.00%
    Outside of Metro Areas 12 $1,120,000 $93,333 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    The Commercial Bank Of Grayson's top markets include Huntington, Lexington, and Nashville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $18,210,000 $107,118 $0 0.00%

    For 2023, The Commercial Bank Of Grayson's most frequently originated type of loan was Conventional, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 81 $8,765,000 $108,210 $0 0.00%
    Refi 35 $4,055,000 $115,857 $0 0.00%
    Other 22 $2,170,000 $98,636 $0 0.00%
    Cash Out Refi 22 $2,520,000 $114,545 $0 0.00%
    Home Improvement 10 $700,000 $70,000 $0 0.00%

    For 2023, The Commercial Bank Of Grayson's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 170 $18,210,000 $107,118 $0 0.00%

    For 2023, The Commercial Bank Of Grayson's most frequently cited loan duration was Other, with 170 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 98 $5,120,000 $52,245 $0 0.00%
    $100k-200k 50 $6,820,000 $136,400 $0 0.00%
    $200k-400k 20 $5,390,000 $269,500 $0 0.00%
    $400k-600k 2 $880,000 $440,000 $0 0.00%

    2023 saw The Commercial Bank Of Grayson place emphasis on $100,000 or less loans with 98 originations, totaling $5,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $3,725,000 $112,879 $0 0.00%
    $50k-75k 29 $2,675,000 $92,241 $0 0.00%
    $150k-250k 18 $2,250,000 $125,000 $0 0.00%
    $50k or less 18 $1,120,000 $62,222 $0 0.00%
    $75k-100k 13 $2,085,000 $160,385 $0 0.00%
    $250k+ 6 $1,280,000 $213,333 $0 0.00%

    The Commercial Bank Of Grayson lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 170 $18,210,000 $107,118 $0 0.00%

    The Commercial Bank Of Grayson lent most frequently to those with DTI ratios of Exempt%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 113 $12,755,000 $112,876 $0 0.00%
    Not applicable 53 $5,045,000 $95,189 $0 0.00%
    Asian Indian 1 $285,000 $285,000 $0 0.00%
    Native Hawaiian or Islander 1 $85,000 $85,000 $0 0.00%
    Asian 1 $25,000 $25,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    The Commercial Bank Of Grayson 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
    88.82%

    The Commercial Bank Of Grayson has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 170 $18,210,000 $107,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    170 $18,210,000 $107,118