Patriots Bank Mortgage Rates, Fees & Info
GARNETT, KSLEI: 549300QP3NKC4EY4SD85
Tax ID: 48-0364530
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Mortgage Data
Review & Overview
Patriots Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Patriots Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kansas City, St. Louis, and Ottawa among others. We have data for 4 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
32Origination Dollar Volume (All Markets)
$10,510,000Top 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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 12 | $4,100,000 | $341,667 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $3,885,000 | $259,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $0 | 0.00% |
| Ottawa, KS (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $10,510,000 | $328,438 | $0 | 0.00% |
For 2023, Patriots Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
For 2023, Patriots Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $10,510,000 | $328,438 | $0 | 0.00% |
For 2023, Patriots Bank's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2023 saw Patriots Bank place emphasis on $200k-400k loans with 12 originations, totaling $3,510,000 in origination value.
Applicant Income
Patriots Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 32 | $10,510,000 | $328,438 | $0 | 0.00% |
Patriots Bank lent most frequently to those with DTI ratios of Exempt%, with 32 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 | 32 | $10,510,000 | $328,438 |