Bedford Loan & Deposit Bank Mortgage Rates, Fees & Info

Bedford, KY

LEI: 549300GXRG31CBWWTR70

Tax ID: 61-0130310

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

    Bedford Loan & Deposit Bank is a smaller bank specializing in Home Purchase loans. Bedford Loan & Deposit Bank has a high proportion of conventional loans. Their top markets by origination volume include: Louisville, Madison, Frankfort, and North Vernon among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bedford Loan & Deposit Bank has an 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

    123

    Origination Dollar Volume (All Markets)

    $15,525,000

    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
    LOUISVILLE, KY (FHA|USDA|VA) 59 $10,135,000 $171,780 $0 0.00%
    Outside of Metro Areas 56 $4,740,000 $84,643 $0 0.00%
    Madison, IN (FHA|USDA|VA) 5 $295,000 $59,000 $0 0.00%
    Frankfort, KY (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
    North Vernon, IN (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Bedford Loan & Deposit Bank's top markets include Louisville, Madison, Frankfort, and North Vernon among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 123 $15,525,000 $126,220 $0 0.00%

    For 2022, Bedford Loan & Deposit Bank's most frequently originated type of loan was Conventional, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $11,575,000 $167,754 $0 0.00%
    Cash Out Refi 25 $2,165,000 $86,600 $0 0.00%
    Other 19 $1,365,000 $71,842 $0 0.00%
    Home Improvement 10 $420,000 $42,000 $0 0.00%

    For 2022, Bedford Loan & Deposit Bank's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Cash Out Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 123 $15,525,000 $126,220 $0 0.00%

    For 2022, Bedford Loan & Deposit Bank's most frequently cited loan duration was Other, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 69 $3,565,000 $51,667 $0 0.00%
    $100k-200k 28 $3,710,000 $132,500 $0 0.00%
    $200k-400k 22 $6,180,000 $280,909 $0 0.00%
    $400k-600k 4 $2,070,000 $517,500 $0 0.00%

    2022 saw Bedford Loan & Deposit Bank place emphasis on $100,000 or less loans with 69 originations, totaling $3,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $2,305,000 $65,857 $0 0.00%
    $100k-150k 30 $5,260,000 $175,333 $0 0.00%
    $50k-75k 22 $1,690,000 $76,818 $0 0.00%
    $75k-100k 18 $2,490,000 $138,333 $0 0.00%
    $150k-250k 12 $2,910,000 $242,500 $0 0.00%
    $250k+ 2 $250,000 $125,000 $0 0.00%

    Bedford Loan & Deposit Bank lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $100k-150k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 123 $15,525,000 $126,220 $0 0.00%

    Bedford Loan & Deposit Bank lent most frequently to those with DTI ratios of Exempt%, with 123 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 119 $14,875,000 $125,000 $0 0.00%
    Not applicable 3 $535,000 $178,333 $0 0.00%
    Other Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.57%

    Bedford Loan & Deposit Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.30%

    Bedford Loan & Deposit Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 123 $15,525,000 $126,220

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    123 $15,525,000 $126,220