Bank Of Lexington Mortgage Rates, Fees & Info
Lexington, KYLEI: 549300QLZWERAXKGEP54
Tax ID: 20-4238096
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Lexington is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Lexington has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, Frankfort, Danville, Richmond, and Louisville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Lexington 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
92Origination Dollar Volume (All Markets)
$27,090,000Top 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 |
|---|---|---|---|---|---|
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 82 | $24,010,000 | $292,805 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 3 | $475,000 | $158,333 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $85,000 | $85,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Bank of Lexington based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 153
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 92 | $27,090,000 | $294,457 | $0 | 0.00% |
For 2023, Bank Of Lexington's most frequently originated type of loan was Conventional, with 92 originations.
Loan Reason
For 2023, Bank Of Lexington's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 92 | $27,090,000 | $294,457 | $0 | 0.00% |
For 2023, Bank Of Lexington's most frequently cited loan duration was Other, with 92 originations.
Loan Sizing
2023 saw Bank Of Lexington place emphasis on $200k-400k loans with 31 originations, totaling $8,985,000 in origination value.
Applicant Income
Bank Of Lexington lent most frequently to those with incomes in the $250k+ range, with 20 originations. The second most popular income band? $50k-75k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 92 | $27,090,000 | $294,457 | $0 | 0.00% |
Bank Of Lexington lent most frequently to those with DTI ratios of Exempt%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.50%
Bank Of Lexington has an average approval rate.
Pick Rate
Approvals leading to origination75.00%
Bank Of Lexington has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 92 | $27,090,000 | $294,457 |