Kcb Bank Mortgage Rates, Fees & Info
Kearney, MOLEI: 549300SCKEZEGZBQ8G12
Tax ID: 44-0310610
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Mortgage Data
Review & Overview
Kcb Bank is a smaller bank specializing in Home Purchase and Refi loans. Kcb Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top two markets are Kansas City and St. Joseph .Kcb Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Kcb 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 about average 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.
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Originations
82Origination Dollar Volume (All Markets)
$19,340,000Awards
KCB Bank - 2018
KCB Bank is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 76 | $15,020,000 | $197,632 | $1,789 | 5.14% |
| Outside of Metro Areas | 5 | $4,135,000 | $827,000 | $2,896 | 5.55% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,515 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against KCB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 68
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 77 | $18,465,000 | $239,805 | $1,680 | 5.21% |
| USDA | 5 | $875,000 | $175,000 | $3,639 | 4.15% |
For 2018, Kcb Bank's most frequently originated type of loan was Conventional, with 77 originations. Their 2nd most popular type was USDA, with 5 originations.
Loan Reason
For 2018, Kcb Bank's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 12 originations.
Loan Duration/Length
For 2018, Kcb Bank's most frequently cited loan duration was 30 Year, with 39 originations. The 2nd most popular length was Other, with 11 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 49 | $10,405,000 | $212,347 |
| $1k-2k | 1 | $45,000 | $45,000 |
| $2k-3k | 1 | $185,000 | $185,000 |
| $3k-4k | 1 | $275,000 | $275,000 |
Kcb Bank's average total fees were $2,176, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 49 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 41 | $8,565,000 | $208,902 |
| 5-6% | 22 | $4,510,000 | $205,000 |
| 6-7% | 13 | $4,865,000 | $374,231 |
| 3-4% | 6 | $1,400,000 | $233,333 |
During 2018, Kcb Bank's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 41 originations.
Loan Sizing
2018 saw Kcb Bank place emphasis on $100k-200k loans with 25 originations, totaling $3,855,000 in origination value.
Applicant Income
Kcb Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
Kcb Bank lent most frequently to those with DTI ratios of 20-30%, with 18 originations. The next most common DTI ratio? 30-36%, with 13 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 61 | $12,305,000 | $201,721 | $1,862 | 4.85% |
| Not applicable | 21 | $7,035,000 | $335,000 | $0 | 6.01% |
Approval Rates
Total approvals of all applications92.47%
Kcb Bank has an average approval rate.
Pick Rate
Approvals leading to origination95.12%
Kcb Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 82 | $19,340,000 | $235,854 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $275,000 | $275,000 |
| Single Family (1-4 Units):Site-Built | 81 | $19,065,000 | $235,370 |