Bank Of Commerce And Trust Company Mortgage Rates, Fees & Info

Wellington, KS

LEI: 549300HO7BEGRS02VS53

Tax ID: 48-0347860

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

    Bank Of Commerce And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Commerce And Trust Company has a high proportion of conventional loans. Their top two markets are Wichita and Hutchinson .

    Bank Of Commerce And Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    52

    Origination Dollar Volume (All Markets)

    $4,070,000

    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
    WICHITA, KS (FHA|USDA|VA) 38 $3,090,000 $81,316 $0 0.00%
    Outside of Metro Areas 13 $925,000 $71,154 $0 0.00%
    Hutchinson, KS (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Bank Of Commerce And Trust Company's top markets include Wichita and Hutchinson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $4,070,000 $78,269 $0 0.00%

    For 2023, Bank Of Commerce And Trust Company's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 20 $2,110,000 $105,500 $0 0.00%
    Refi 13 $1,135,000 $87,308 $0 0.00%
    Cash Out Refi 9 $455,000 $50,556 $0 0.00%
    Other 6 $190,000 $31,667 $0 0.00%
    Home Improvement 4 $180,000 $45,000 $0 0.00%

    For 2023, Bank Of Commerce And Trust Company's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 52 $4,070,000 $78,269 $0 0.00%

    For 2023, Bank Of Commerce And Trust Company's most frequently cited loan duration was Other, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $1,445,000 $37,051 $0 0.00%
    $100k-200k 10 $1,480,000 $148,000 $0 0.00%
    $400k-600k 2 $930,000 $465,000 $0 0.00%
    $200k-400k 1 $215,000 $215,000 $0 0.00%

    2023 saw Bank Of Commerce And Trust Company place emphasis on $100,000 or less loans with 39 originations, totaling $1,445,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $1,045,000 $69,667 $0 0.00%
    $50k-75k 12 $770,000 $64,167 $0 0.00%
    $50k or less 8 $730,000 $91,250 $0 0.00%
    $75k-100k 7 $335,000 $47,857 $0 0.00%
    $150k-250k 4 $750,000 $187,500 $0 0.00%

    Bank Of Commerce And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k-75k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 52 $4,070,000 $78,269 $0 0.00%

    Bank Of Commerce And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 49 $3,795,000 $77,449 $0 0.00%
    Not applicable 2 $240,000 $120,000 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.18%

    Bank Of Commerce And Trust Company 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
    96.15%

    Bank Of Commerce And Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 52 $4,070,000 $78,269

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    52 $4,070,000 $78,269