Meade County Bank Mortgage Rates, Fees & Info

Brandenburg, KY

LEI: 549300GGXWS23NTTOB96

Tax ID: 61-1028560

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Mortgage Data

Review & Overview

Meade County Bank is a smaller bank specializing in Home Purchase and Refi loans. Meade County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Louisville, Bowling Green, Crestview, and Evansville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Meade County 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

309

Origination Dollar Volume (All Markets)

$52,695,000

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) 193 $31,385,000 $162,617 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 74 $14,470,000 $195,541 $0 0.00%
Outside of Metro Areas 30 $3,980,000 $132,667 $0 0.00%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
OWENSBORO, KY (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Madisonville, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
London, KY (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Frankfort, KY (FHA|USDA|VA) 1 $5,000 $5,000 $0 0.00%
Meade County Bank's top markets include Elizabethtown, Louisville, Bowling Green, Crestview, and Evansville among others.

Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 309 $52,695,000 $170,534 $0 0.00%

    For 2022, Meade County Bank's most frequently originated type of loan was Conventional, with 309 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 201 $38,245,000 $190,274 $0 0.00%
    Refi 65 $12,305,000 $189,308 $0 0.00%
    Home Improvement 27 $1,235,000 $45,741 $0 0.00%
    Other 16 $910,000 $56,875 $0 0.00%

    For 2022, Meade County Bank's most frequently cited loan purpose was Home Purchase, with 201 originations. The 2nd most popular reason was Refi, with 65 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 309 $52,695,000 $170,534 $0 0.00%

    For 2022, Meade County Bank's most frequently cited loan duration was Other, with 309 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 122 $17,760,000 $145,574 $0 0.00%
    $100,000 or less 94 $5,160,000 $54,894 $0 0.00%
    $200k-400k 80 $21,100,000 $263,750 $0 0.00%
    $400k-600k 9 $4,045,000 $449,444 $0 0.00%
    $1MM+ 2 $2,950,000 $1,475,000 $0 0.00%
    $600k-1MM 2 $1,680,000 $840,000 $0 0.00%

    2022 saw Meade County Bank place emphasis on $100k-200k loans with 122 originations, totaling $17,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 66 $12,280,000 $186,061 $0 0.00%
    $50k-75k 66 $9,210,000 $139,545 $0 0.00%
    $50k or less 51 $6,445,000 $126,373 $0 0.00%
    $75k-100k 48 $8,370,000 $174,375 $0 0.00%
    $150k-250k 31 $6,985,000 $225,323 $0 0.00%
    $250k+ 12 $4,820,000 $401,667 $0 0.00%

    Meade County Bank lent most frequently to those with incomes in the $100k-150k range, with 66 originations. The second most popular income band? $50k-75k, with 66 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 309 $52,695,000 $170,534 $0 0.00%

    Meade County Bank lent most frequently to those with DTI ratios of Exempt%, with 309 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 272 $47,860,000 $175,956 $0 0.00%
    Not applicable 32 $4,340,000 $135,625 $0 0.00%
    Black 3 $365,000 $121,667 $0 0.00%
    Not provided 1 $105,000 $105,000 $0 0.00%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.03%

    Meade County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.44%

    Meade County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 309 $52,695,000 $170,534

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    309 $52,695,000 $170,534