King Southern Bank Mortgage Rates, Fees & Info
Louisville, KYLEI: 549300P8ISF116V41O70
Tax ID: 61-0306155
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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. Their top markets by origination volume include: Louisville, Crestview, Bardstown, and Owensboro 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.
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Originations
26Origination Dollar Volume (All Markets)
$8,360,000Top 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) | 21 | $6,125,000 | $291,667 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $1,925,000 | $1,925,000 | $0 | 0.00% |
| Bardstown, KY (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $8,360,000 | $321,538 | $0 | 0.00% |
For 2019, King Southern Bank's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 16 | $5,390,000 | $336,875 | $0 | 0.00% |
| Refi | 6 | $2,650,000 | $441,667 | $0 | 0.00% |
| Home Improvement | 4 | $320,000 | $80,000 | $0 | 0.00% |
For 2019, King Southern Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $8,360,000 | $321,538 | $0 | 0.00% |
For 2019, King Southern Bank's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2019 saw King Southern Bank place emphasis on $100k-200k loans with 9 originations, totaling $1,155,000 in origination value.
Applicant Income
King Southern Bank lent most frequently to those with incomes in the $50k or less range, with 4 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% | 26 | $8,360,000 | $321,538 | $0 | 0.00% |
King Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 16 | $5,240,000 | $327,500 | $0 | 0.00% |
| White | 10 | $3,120,000 | $312,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $8,360,000 | $321,538 |