Patriots Bank Mortgage Rates, Fees & Info
GARNETT, KSLEI: 549300QP3NKC4EY4SD85
Tax ID: 48-0364530
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Patriots Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Patriots Bank has a high proportion of conventional loans. Patriots Bank has a low ratio of conventional loans. Their top markets by origination volume include: Kansas City, Ottawa, St. Joseph, Daphne, and Fayetteville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Patriots Bank has an above average approval rate when compared to the average across all lenders.
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Originations
42Origination Dollar Volume (All Markets)
$11,740,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 26 | $8,280,000 | $318,462 | $818 | 7.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $954 | 7.00% |
| Ottawa, KS (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $0 | 0.00% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $11,640,000 | $291,000 | $0 | 0.00% |
| Conventional | 2 | $100,000 | $50,000 | $886 | 7.25% |
For 2024, Patriots Bank's most frequently originated type of loan was Conventional, with 40 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
For 2024, Patriots Bank's most frequently cited loan purpose was Cash Out Refi, with 21 originations. The 2nd most popular reason was Home Purchase, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 41 | $11,675,000 | $284,756 | $954 | 7.00% |
| 10 Year | 1 | $65,000 | $65,000 | $818 | 7.50% |
For 2024, Patriots Bank's most frequently cited loan duration was Other, with 41 originations. The 2nd most popular length was 10 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $100,000 | $50,000 |
Patriots Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1 | $35,000 | $35,000 |
| 7-8% | 1 | $65,000 | $65,000 |
During 2024, Patriots Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 1 originations.
Loan Sizing
2024 saw Patriots Bank place emphasis on $100k-200k loans with 12 originations, totaling $1,820,000 in origination value.
Applicant Income
Patriots Bank lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $100k-150k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $11,640,000 | $291,000 | $0 | 0.00% |
| 30-36% | 1 | $65,000 | $65,000 | $818 | 7.50% |
| >60% | 1 | $35,000 | $35,000 | $954 | 7.00% |
Patriots Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Patriots 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 | 40 | $11,640,000 | $291,000 |
| NA | 2 | $100,000 | $50,000 |