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
Jump to:
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, Somerset, Louisville, and North Port among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Lexington has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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.
Originations
99Origination Dollar Volume (All Markets)
$23,525,000Top 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) | 88 | $20,850,000 | $236,932 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $550,000 | $275,000 | $0 | 0.00% |
| Somerset, KY (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $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: 180
Similarity Rank: 250
Similarity Rank: 282
Similarity Rank: 333
Similarity Rank: 340
Similarity Rank: 432
Similarity Rank: 477
Similarity Rank: 600
Similarity Rank: 836
Similarity Rank: 870
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 99 | $23,525,000 | $237,626 | $0 | 0.00% |
For 2022, Bank Of Lexington's most frequently originated type of loan was Conventional, with 99 originations.
Loan Reason
For 2022, Bank Of Lexington's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 99 | $23,525,000 | $237,626 | $0 | 0.00% |
For 2022, Bank Of Lexington's most frequently cited loan duration was Other, with 99 originations.
Loan Sizing
2022 saw Bank Of Lexington place emphasis on $100k-200k loans with 41 originations, totaling $6,215,000 in origination value.
Applicant Income
Bank Of Lexington lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 99 | $23,525,000 | $237,626 | $0 | 0.00% |
Bank Of Lexington lent most frequently to those with DTI ratios of Exempt%, with 99 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.31%
Bank Of Lexington has an average approval rate.
Pick Rate
Approvals leading to origination56.57%
Bank Of Lexington has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 99 | $23,525,000 | $237,626 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |