Limestone Bank Mortgage Rates, Fees & Info

Louisville, KY

LEI: 549300FOE3Q0OTXTQ820

Tax ID: 75-3010758

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Mortgage Data

Review & Overview

Limestone Bank is a smaller bank specializing in Home Purchase loans. Limestone Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Louisville, Owensboro, Lexington, and Glasgow among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Limestone Bank 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.

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Originations

58

Origination Dollar Volume (All Markets)

$54,390,000

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
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $33,445,000 $33,445,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 16 $10,790,000 $674,375 $0 0.00%
OWENSBORO, KY (FHA|USDA|VA) 6 $3,490,000 $581,667 $0 0.00%
Outside of Metro Areas 20 $2,570,000 $128,500 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $2,165,000 $721,667 $0 0.00%
Glasgow, KY (FHA|USDA|VA) 5 $625,000 $125,000 $0 0.00%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $455,000 $151,667 $0 0.00%
Frankfort, KY (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Campbellsville, KY (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Limestone Bank's top markets include Elizabethtown, Louisville, Owensboro, Lexington, and Glasgow among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $54,390,000 $937,759 $0 0.00%

    For 2023, Limestone Bank's most frequently originated type of loan was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 47 $50,165,000 $1,067,340 $0 0.00%
    Refi 8 $3,710,000 $463,750 $0 0.00%
    Other 2 $460,000 $230,000 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%

    For 2023, Limestone Bank's most frequently cited loan purpose was Home Purchase, with 47 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 58 $54,390,000 $937,759 $0 0.00%

    For 2023, Limestone Bank's most frequently cited loan duration was Other, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 27 $4,015,000 $148,704 $0 0.00%
    $100,000 or less 17 $1,035,000 $60,882 $0 0.00%
    $200k-400k 7 $1,875,000 $267,857 $0 0.00%
    $1MM+ 4 $45,770,000 $11,442,500 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%
    $600k-1MM 1 $765,000 $765,000 $0 0.00%

    2023 saw Limestone Bank place emphasis on $100k-200k loans with 27 originations, totaling $4,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $1,935,000 $129,000 $0 0.00%
    $50k-75k 11 $1,475,000 $134,091 $0 0.00%
    $75k-100k 8 $1,230,000 $153,750 $0 0.00%
    $250k+ 7 $3,615,000 $516,429 $0 0.00%
    $100k-150k 6 $650,000 $108,333 $0 0.00%
    $150k-250k 3 $405,000 $135,000 $0 0.00%

    Limestone Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $50k-75k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 58 $54,390,000 $937,759 $0 0.00%

    Limestone Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 7 $44,715,000 $6,387,857 $0 0.00%
    White 40 $7,540,000 $188,500 $0 0.00%
    Black 7 $1,135,000 $162,143 $0 0.00%
    Asian 1 $415,000 $415,000 $0 0.00%
    Asian Indian 1 $385,000 $385,000 $0 0.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 0.00%
    Not provided 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.20%

    Limestone Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.93%

    Limestone Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 58 $54,390,000 $937,759

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    58 $54,390,000 $937,759