The Cecilian Bank Mortgage Rates, Fees & Info

Cecilia, KY

LEI: 549300S2RLEOF6WG7P87

Tax ID: 61-0153205

5 stars - Updated: 6/9/24 - out of 5 stars, based on 26 reviews

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

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Mortgage Data

Review & Overview

The Cecilian Bank is a smaller bank specializing in Home Purchase loans. The Cecilian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Elizabethtown, Louisville, Huntington, Lexington, and Paducah among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Cecilian Bank 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. The Cecilian 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
Home Equity Line of Credit (HELOC) 6.27% 6/9/24
30 Year Conventional Purchase 6.91% 6/9/24
30 Year Conventional Refi 7.03% 6/9/24
30 Year Cash-out Refi 7.56% 6/9/24
30 Year FHA Purchase 6.27% 6/9/24
30 Year VA Purchase 6.27% 6/9/24
30 Year USDA Purchase 6.27% 6/9/24
15 Year Conventional Purchase 6.57% 6/9/24
15 Year Conventional Refi 6.78% 6/9/24
15 Year Cash-out Refi 6.78% 6/9/24
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.

The Cecilian Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from The Cecilian 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

678

Origination Dollar Volume (All Markets)

$104,920,000

Awards

The Cecilian Bank 30 Year Conventional Loans bronze The Cecilian Bank 30 Year Conventional Loans gold The Cecilian Bank 30 Year Conventional Loans gold The Cecilian Bank 30 Year Conventional Loans bronze
Show all (4) awards

Relative Rate

The Cecilian Bank's average 30 year fixed mortgage rate was 6.49%.

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

This yields a difference of 0.01%.

Relative Fees (Closing Costs)

The Cecilian Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,576.

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
Outside of Metro Areas 303 $43,555,000 $143,746 $1,812 7.93%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 314 $42,310,000 $134,745 $1,915 7.85%
LOUISVILLE, KY (FHA|USDA|VA) 18 $4,650,000 $258,333 $3,524 7.07%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $4,605,000 $4,605,000 $0 6.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 12 $3,250,000 $270,833 $3,706 7.52%
Paducah, KY-IL (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 7.50%
Glasgow, KY (FHA|USDA|VA) 11 $1,355,000 $123,182 $2,059 7.86%
BOWLING GREEN, KY (FHA|USDA|VA) 6 $960,000 $160,000 $2,849 7.82%
Campbellsville, KY (FHA|USDA|VA) 5 $735,000 $147,000 $2,826 7.35%
OWENSBORO, KY (FHA|USDA|VA) 3 $395,000 $131,667 $978 7.92%
Bardstown, KY (FHA|USDA|VA) 2 $280,000 $140,000 $0 6.99%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $215,000 $215,000 $3,014 5.25%
Danville, KY (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.50%
The Cecilian Bank's top markets include Elizabethtown, Louisville, Huntington, Lexington, and Paducah among others.

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

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

    Abound Federal Credit Union
    Similarity Rank: 63
    The Cecilian Bank
    Similarity Rank: 78
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    Similarity Rank: 448
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 484 $87,480,000 $180,744 $1,950 7.53%
    HELOC 194 $17,440,000 $89,897 n/a 8.62%

    For 2023, The Cecilian Bank's most frequently originated type of loan was Conventional, with 484 originations. Their 2nd most popular type was HELOC, with 194 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 276 $66,620,000 $241,377 $2,552 7.36%
    Other 143 $9,135,000 $63,881 $1,284 8.52%
    Cash Out Refi 117 $16,425,000 $140,385 $1,656 7.79%
    Home Improvement 98 $6,960,000 $71,020 $1,417 8.56%
    Refi 44 $5,780,000 $131,364 $1,202 7.27%

    For 2023, The Cecilian Bank's most frequently cited loan purpose was Home Purchase, with 276 originations. The 2nd most popular reason was Other, with 143 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 236 $17,750,000 $75,212 $956 8.56%
    30 Year 193 $43,425,000 $225,000 $2,576 6.49%
    20 Year 106 $12,570,000 $118,585 $1,219 8.48%
    15 Year 45 $4,045,000 $89,889 $1,638 7.61%
    Other 43 $20,465,000 $475,930 $1,195 8.03%
    1 Year 33 $4,195,000 $127,121 $2,375 8.39%
    5 Year 20 $2,060,000 $103,000 $796 8.15%
    3 Year 2 $410,000 $205,000 $0 9.63%

    For 2023, The Cecilian Bank's most frequently cited loan duration was 10 Year, with 236 originations. The 2nd most popular length was 30 Year, with 193 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 255 $27,975,000 $109,706
    $1k-2k 94 $18,800,000 $200,000
    $2k-3k 14 $5,880,000 $420,000
    $3k-4k 5 $2,655,000 $531,000

    The Cecilian Bank's average total fees were $2,576, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 255 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 305 $27,555,000 $90,344
    7-8% 187 $32,285,000 $172,647
    5-6% 99 $24,995,000 $252,475
    6-7% 82 $18,540,000 $226,098
    % 4 $1,290,000 $322,500
    4-5% 1 $255,000 $255,000

    During 2023, The Cecilian Bank's average interest rate for loans was 6.49%, while their most frequently originated rate bucket for loans was Over 8%, with 305 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 340 $16,900,000 $49,706 $1,196 8.53%
    $100k-200k 188 $26,460,000 $140,745 $2,070 7.35%
    $200k-400k 119 $31,655,000 $266,008 $2,725 6.96%
    $400k-600k 18 $8,290,000 $460,556 $3,947 6.58%
    $600k-1MM 7 $4,755,000 $679,286 $5,212 7.03%
    $1MM+ 6 $16,860,000 $2,810,000 $7,221 6.74%

    2023 saw The Cecilian Bank place emphasis on $100,000 or less loans with 340 originations, totaling $16,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 143 $21,705,000 $151,783 $2,104 7.90%
    $50k-75k 131 $12,165,000 $92,863 $1,896 7.89%
    $75k-100k 122 $13,220,000 $108,361 $1,878 8.05%
    $50k or less 98 $6,780,000 $69,184 $1,470 7.80%
    $150k-250k 66 $11,630,000 $176,212 $2,535 7.69%
    $250k+ 39 $10,185,000 $261,154 $3,385 7.53%

    The Cecilian Bank lent most frequently to those with incomes in the $100k-150k range, with 143 originations. The second most popular income band? $50k-75k, with 131 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 156 $17,740,000 $113,718 $1,800 7.76%
    30-36% 118 $16,290,000 $138,051 $2,096 7.86%
    <20% 84 $8,440,000 $100,476 $1,663 7.70%
    50-60% 33 $3,785,000 $114,697 $2,445 8.30%
    36% 30 $4,230,000 $141,000 $1,692 7.77%
    37% 22 $3,310,000 $150,455 $2,188 7.53%
    38% 20 $2,500,000 $125,000 $2,290 7.48%
    41% 20 $3,520,000 $176,000 $2,953 7.73%
    42% 19 $3,005,000 $158,158 $1,864 7.90%
    >60% 18 $3,880,000 $215,556 $2,636 7.61%
    39% 17 $1,885,000 $110,882 $2,648 7.85%
    43% 15 $1,505,000 $100,333 $1,238 7.94%
    40% 13 $1,475,000 $113,462 $1,493 8.34%
    45% 12 $1,480,000 $123,333 $1,943 8.10%
    47% 11 $1,025,000 $93,182 $1,039 9.32%
    44% 8 $1,070,000 $133,750 $1,454 8.36%
    49% 7 $855,000 $122,143 $1,614 7.43%
    48% 5 $475,000 $95,000 $1,436 8.55%
    46% 3 $745,000 $248,333 $2,585 6.07%

    The Cecilian Bank lent most frequently to those with DTI ratios of 20-30%, with 156 originations. The next most common DTI ratio? 30-36%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 601 $74,515,000 $123,985 $1,903 7.86%
    Not applicable 60 $26,320,000 $438,667 $0 7.83%
    Asian 8 $2,520,000 $315,000 $3,486 6.49%
    Black 5 $745,000 $149,000 $3,855 8.44%
    Not provided 2 $570,000 $285,000 $6,027 7.08%
    Native Hawaiian or Islander 1 $185,000 $185,000 $0 8.25%
    Filipino 1 $65,000 $65,000 $0 9.25%

    Approval Rates

    Total approvals of all applications
    93.58%

    The Cecilian Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.45%

    The Cecilian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 678 $104,920,000 $154,749

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    678 $104,920,000 $154,749

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 144 $12,090,000 $83,958 $1,407 8.43%
    40-60% 92 $12,360,000 $134,348 $1,883 7.52%
    60-80% 181 $44,745,000 $247,210 $2,548 7.16%
    80-100% 83 $21,685,000 $261,265 $2,758 6.96%
    Over 100% 4 $6,020,000 $1,505,000 $0 7.84%
    Under 20% 152 $6,450,000 $42,434 $838 8.74%