King Southern Bank Mortgage Rates, Fees & Info
Louisville, KYLEI: 549300P8ISF116V41O70
Tax ID: 61-0306155
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
King Southern Bank is a smaller bank specializing in Home Purchase and Refi loans. King Southern Bank has a high proportion of conventional loans. King Southern Bank has a low ratio of conventional loans. Their top markets by origination volume include: Louisville, Crestview, Lexington, and Bardstown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)King Southern Bank 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
52Origination Dollar Volume (All Markets)
$10,790,000Top 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) | 45 | $8,235,000 | $183,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,485,000 | $1,485,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 5 | $185,000 | $37,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 50 | $10,480,000 | $209,600 | $0 | 0.00% |
| Conventional | 2 | $310,000 | $155,000 | $0 | 0.00% |
For 2018, King Southern Bank's most frequently originated type of loan was Conventional, with 50 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 32 | $8,100,000 | $253,125 | $0 | 0.00% |
| Refi | 11 | $2,235,000 | $203,182 | $0 | 0.00% |
| Home Improvement | 9 | $455,000 | $50,556 | $0 | 0.00% |
For 2018, King Southern Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 52 | $10,790,000 | $207,500 | $0 | 0.00% |
For 2018, King Southern Bank's most frequently cited loan duration was Other, with 52 originations.
Loan Sizing
2018 saw King Southern Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,390,000 in origination value.
Applicant Income
King Southern Bank lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 50 | $10,480,000 | $209,600 | $0 | 0.00% |
King Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 43 | $9,905,000 | $230,349 | $0 | 0.00% |
| White | 9 | $885,000 | $98,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications98.28%
King Southern Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.38%
King Southern Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 50 | $10,480,000 | $209,600 |
| NA | 2 | $310,000 | $155,000 |