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 loans. The Commercial Bank Of Grayson has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Lexington, Mount Sterling, and Cincinnati among others. We have data for 5 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

    150

    Origination Dollar Volume (All Markets)

    $16,660,000

    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) 126 $13,820,000 $109,683 $0 0.00%
    Outside of Metro Areas 19 $1,515,000 $79,737 $0 0.00%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
    Mount Sterling, KY (FHA|USDA|VA) 2 $330,000 $165,000 $0 0.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    The Commercial Bank Of Grayson's top markets include Huntington, Lexington, Mount Sterling, and Cincinnati among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 150 $16,660,000 $111,067 $0 0.00%

    For 2022, The Commercial Bank Of Grayson's most frequently originated type of loan was Conventional, with 150 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $9,820,000 $119,756 $0 0.00%
    Refi 29 $2,885,000 $99,483 $0 0.00%
    Cash Out Refi 25 $3,245,000 $129,800 $0 0.00%
    Home Improvement 7 $295,000 $42,143 $0 0.00%
    Other 7 $415,000 $59,286 $0 0.00%

    For 2022, The Commercial Bank Of Grayson's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 150 $16,660,000 $111,067 $0 0.00%

    For 2022, The Commercial Bank Of Grayson's most frequently cited loan duration was Other, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 91 $4,975,000 $54,670 $0 0.00%
    $100k-200k 43 $5,805,000 $135,000 $0 0.00%
    $200k-400k 13 $3,855,000 $296,538 $0 0.00%
    $400k-600k 2 $1,030,000 $515,000 $0 0.00%
    $600k-1MM 1 $995,000 $995,000 $0 0.00%

    2022 saw The Commercial Bank Of Grayson place emphasis on $100,000 or less loans with 91 originations, totaling $4,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 34 $3,110,000 $91,471 $0 0.00%
    $75k-100k 23 $2,875,000 $125,000 $0 0.00%
    $50k or less 22 $1,330,000 $60,455 $0 0.00%
    $100k-150k 19 $2,575,000 $135,526 $0 0.00%
    $150k-250k 11 $1,735,000 $157,727 $0 0.00%
    $250k+ 2 $1,080,000 $540,000 $0 0.00%

    The Commercial Bank Of Grayson lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $75k-100k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 150 $16,660,000 $111,067 $0 0.00%

    The Commercial Bank Of Grayson lent most frequently to those with DTI ratios of Exempt%, with 150 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $12,590,000 $114,455 $0 0.00%
    Not applicable 39 $3,955,000 $101,410 $0 0.00%
    Filipino 1 $115,000 $115,000 $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
    84.67%

    The Commercial Bank Of Grayson has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 150 $16,660,000 $111,067

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    150 $16,660,000 $111,067