Lcnb National Bank Mortgage Rates, Fees & Info

Lebanon, OH

LEI: 549300Q55VW95EP3CM33

Tax ID: 31-0352330

5 stars - Updated: 12/4/24 - out of 5 stars, based on 18 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Lcnb National Bank is a smaller bank specializing in Home Purchase loans. Lcnb National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Cincinnati, Columbus, Dayton, Lima, and Mansfield among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Lcnb National Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Lcnb National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.52% 12/4/24
30 Year Conventional Refi 6.56% 12/4/24
30 Year Cash-out Refi 6.62% 12/4/24
15 Year Conventional Purchase 6.10% 12/4/24
15 Year Conventional Refi 5.93% 12/4/24
15 Year Cash-out Refi 5.93% 12/4/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Lcnb National Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Lcnb National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

311

Origination Dollar Volume (All Markets)

$92,155,000

Awards

LCNB National Bank 30 Year Conventional Loans silver LCNB National Bank 30 Year Conventional Loans silver LCNB National Bank 30 Year Conventional Loans bronze LCNB National Bank 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Lcnb National Bank's average 30 year fixed mortgage rate was 6.4%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.08%.

Relative Fees (Closing Costs)

Lcnb National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,602.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 201 $62,535,000 $311,119 $2,246 6.57%
COLUMBUS, OH (FHA|USDA|VA) 20 $13,620,000 $681,000 $2,762 6.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 31 $5,135,000 $165,645 $2,719 5.97%
LIMA, OH (FHA|USDA|VA) 1 $4,005,000 $4,005,000 $0 5.75%
MANSFIELD, OH (FHA|USDA|VA) 1 $2,605,000 $2,605,000 $0 5.88%
Outside of Metro Areas 19 $1,515,000 $79,737 $1,317 6.05%
Chillicothe, OH (FHA|USDA|VA) 26 $1,480,000 $56,923 $443 6.86%
Wilmington, OH (FHA|USDA|VA) 11 $1,025,000 $93,182 $1,124 6.03%
Traverse City, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,880 7.75%
Lcnb National Bank's top markets include Cincinnati, Columbus, Dayton, Lima, and Mansfield among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against LCNB National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Community Bank
    Similarity Rank: 216
    Minster Bank
    Similarity Rank: 324
    Forcht Bank
    Similarity Rank: 380
    Day Air Credit Union, Inc
    Similarity Rank: 391
    CINFED Federal Credit Union
    Similarity Rank: 483
    Eagle Savings Bank
    Similarity Rank: 484

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 305 $90,885,000 $297,984 $1,972 6.44%
    VA 4 $810,000 $202,500 $4,400 6.88%
    FHA 2 $460,000 $230,000 $7,506 6.88%

    For 2023, Lcnb National Bank's most frequently originated type of loan was Conventional, with 305 originations. Their 2nd most popular type was VA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 146 $62,280,000 $426,575 $3,727 6.56%
    Home Improvement 52 $8,710,000 $167,500 $171 6.59%
    Other 50 $2,920,000 $58,400 $273 6.53%
    Cash Out Refi 45 $13,045,000 $289,889 $1,701 6.03%
    Refi 18 $5,200,000 $288,889 $1,187 5.90%

    For 2023, Lcnb National Bank's most frequently cited loan purpose was Home Purchase, with 146 originations. The 2nd most popular reason was Home Improvement, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 128 $33,040,000 $258,125 $3,602 6.40%
    10 Year 65 $23,425,000 $360,385 $212 5.99%
    15 Year 53 $4,775,000 $90,094 $853 6.81%
    20 Year 31 $6,645,000 $214,355 $917 7.07%
    5 Year 16 $7,760,000 $485,000 $0 6.09%
    Other 15 $14,305,000 $953,667 $0 6.77%
    30+ year 3 $2,205,000 $735,000 $11,228 5.71%

    For 2023, Lcnb National Bank's most frequently cited loan duration was 30 Year, with 128 originations. The 2nd most popular length was 10 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 225 $32,355,000 $143,800
    $1k-2k 44 $8,910,000 $202,500
    $2k-3k 3 $1,165,000 $388,333
    $3k-4k 2 $620,000 $310,000
    $4k-5k 2 $1,160,000 $580,000
    $5k+ 2 $1,560,000 $780,000

    Lcnb National Bank's average total fees were $3,602, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 225 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 85 $30,125,000 $354,412
    4-5% 68 $11,060,000 $162,647
    7-8% 63 $11,355,000 $180,238
    5-6% 57 $37,075,000 $650,439
    Over 8% 38 $2,540,000 $66,842

    During 2023, Lcnb National Bank's average interest rate for loans was 6.40%, while their most frequently originated rate bucket for loans was 6-7%, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 138 $6,350,000 $46,014 $363 6.59%
    $100k-200k 69 $9,995,000 $144,855 $2,678 6.37%
    $200k-400k 60 $16,810,000 $280,167 $3,883 6.58%
    $400k-600k 23 $10,345,000 $449,783 $4,465 5.78%
    $1MM+ 13 $43,005,000 $3,308,077 $12,064 6.12%
    $600k-1MM 8 $5,650,000 $706,250 $5,099 6.13%

    2023 saw Lcnb National Bank place emphasis on $100,000 or less loans with 138 originations, totaling $6,350,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 62 $10,830,000 $174,677 $2,013 6.31%
    $75k-100k 58 $7,990,000 $137,759 $2,161 6.83%
    $50k-75k 52 $5,090,000 $97,885 $1,507 6.37%
    $150k-250k 44 $10,710,000 $243,409 $2,266 6.38%
    $50k or less 39 $3,215,000 $82,436 $1,904 6.52%
    $250k+ 18 $7,590,000 $421,667 $3,714 5.87%

    Lcnb National Bank lent most frequently to those with incomes in the $100k-150k range, with 62 originations. The second most popular income band? $75k-100k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 74 $9,760,000 $131,892 $1,342 6.30%
    30-36% 60 $9,410,000 $156,833 $2,110 6.34%
    <20% 35 $3,815,000 $109,000 $1,114 6.16%
    39% 16 $2,790,000 $174,375 $2,470 7.03%
    37% 15 $2,075,000 $138,333 $2,495 6.24%
    36% 14 $3,510,000 $250,714 $3,530 6.32%
    40% 13 $2,545,000 $195,769 $2,853 6.50%
    42% 10 $1,870,000 $187,000 $2,579 6.38%
    38% 10 $2,970,000 $297,000 $1,908 6.78%
    41% 10 $1,340,000 $134,000 $1,307 6.90%
    43% 5 $1,245,000 $249,000 $3,370 6.38%
    49% 5 $1,025,000 $205,000 $2,439 7.15%
    47% 4 $1,090,000 $272,500 $5,812 6.81%
    45% 3 $925,000 $308,333 $2,729 6.29%
    46% 2 $460,000 $230,000 $5,490 7.00%
    48% 2 $470,000 $235,000 $3,955 8.00%
    44% 2 $680,000 $340,000 $4,172 6.31%
    50-60% 2 $570,000 $285,000 $3,641 5.44%
    >60% 1 $55,000 $55,000 $0 6.50%

    Lcnb National Bank lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? 30-36%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 27 $45,125,000 $1,671,296 $0 6.76%
    White 258 $41,010,000 $158,953 $1,978 6.44%
    Not provided 17 $4,355,000 $256,176 $3,115 5.95%
    Asian 2 $520,000 $260,000 $0 7.00%
    Black 4 $520,000 $130,000 $2,021 6.09%
    Other Pacific Islander 2 $400,000 $200,000 $3,228 7.19%
    American Indian 1 $225,000 $225,000 $3,238 7.38%

    Approval Rates

    Total approvals of all applications
    89.71%

    Lcnb National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.96%

    Lcnb National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 311 $92,155,000 $296,318

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    311 $92,155,000 $296,318

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $9,525,000 $194,388 $886 6.54%
    40-60% 23 $19,785,000 $860,217 $3,298 5.77%
    60-80% 77 $36,455,000 $473,442 $3,914 6.34%
    80-100% 70 $22,580,000 $322,571 $3,697 6.62%
    Under 20% 92 $3,810,000 $41,413 $70 6.52%