West Point Bank Mortgage Rates, Fees & Info

Radcliff, KY

LEI: 549300PD2JKG2Z95GK78

Tax ID: 61-0378920

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Mortgage Data

Review & Overview

West Point Bank is a smaller bank specializing in Home Purchase loans. West Point Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Louisville, Bowling Green, Bardstown, and Lexington among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

West Point 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

349

Origination Dollar Volume (All Markets)

$74,365,000

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) 280 $55,190,000 $197,107 $0 0.00%
Outside of Metro Areas 41 $10,775,000 $262,805 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 16 $4,110,000 $256,875 $0 0.00%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $1,935,000 $645,000 $0 0.00%
Bardstown, KY (FHA|USDA|VA) 4 $1,330,000 $332,500 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
Campbellsville, KY (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
OWENSBORO, KY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Mount Sterling, KY (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
West Point Bank's top markets include Elizabethtown, Louisville, Bowling Green, Bardstown, and Lexington among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 349 $74,365,000 $213,080 $0 0.00%

    For 2022, West Point Bank's most frequently originated type of loan was Conventional, with 349 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 256 $63,110,000 $246,523 $0 0.00%
    Refi 61 $9,235,000 $151,393 $0 0.00%
    Home Improvement 24 $1,250,000 $52,083 $0 0.00%
    Other 8 $770,000 $96,250 $0 0.00%

    For 2022, West Point Bank's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 349 $74,365,000 $213,080 $0 0.00%

    For 2022, West Point Bank's most frequently cited loan duration was Other, with 349 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 118 $17,060,000 $144,576 $0 0.00%
    $100,000 or less 106 $5,910,000 $55,755 $0 0.00%
    $200k-400k 85 $23,415,000 $275,471 $0 0.00%
    $400k-600k 30 $14,340,000 $478,000 $0 0.00%
    $600k-1MM 6 $4,520,000 $753,333 $0 0.00%
    $1MM+ 4 $9,120,000 $2,280,000 $0 0.00%

    2022 saw West Point Bank place emphasis on $100k-200k loans with 118 originations, totaling $17,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 61 $6,775,000 $111,066 $0 0.00%
    $75k-100k 49 $9,215,000 $188,061 $0 0.00%
    $150k-250k 37 $8,955,000 $242,027 $0 0.00%
    $100k-150k 36 $7,380,000 $205,000 $0 0.00%
    $50k-75k 36 $5,010,000 $139,167 $0 0.00%
    $250k+ 23 $7,915,000 $344,130 $0 0.00%

    West Point Bank lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $75k-100k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 349 $74,365,000 $213,080 $0 0.00%

    West Point Bank lent most frequently to those with DTI ratios of Exempt%, with 349 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 222 $42,240,000 $190,270 $0 0.00%
    Not applicable 102 $27,900,000 $273,529 $0 0.00%
    Asian 9 $1,705,000 $189,444 $0 0.00%
    Not provided 6 $1,310,000 $218,333 $0 0.00%
    Black 9 $1,045,000 $116,111 $0 0.00%
    Native Hawaiian or Islander 1 $165,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.40%

    West Point Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.40%

    West Point Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 349 $74,365,000 $213,080

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    349 $74,365,000 $213,080