Equity Bank Mortgage Rates, Fees & Info
Andover, KSLEI: 549300TJF420N3F01V87
Tax ID: 48-0987182
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Mortgage Data
Review & Overview
Equity Bank is a smaller bank specializing in Home Purchase and Refi loans. Equity Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Kansas City, Tulsa, Wichita, Harrison, and Warrensburg among others. We have data for 60 markets. (Some data included below & more in-depth data is available with an active subscription.)Equity Bank 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. Equity 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 3/26/23 |
| 30 Year Conventional Purchase | 6.59% | 3/26/23 |
| 30 Year Conventional Refi | 6.31% | 3/26/23 |
| 30 Year Cash-out Refi | 6.75% | 3/26/23 |
| 30 Year FHA Purchase | 7.09% | 3/26/23 |
| 30 Year VA Purchase | 6.27% | 3/26/23 |
| 30 Year USDA Purchase | 7.05% | 3/26/23 |
| 15 Year Conventional Purchase | 6.30% | 3/26/23 |
| 15 Year Conventional Refi | 6.15% | 3/26/23 |
| 15 Year Cash-out Refi | 6.15% | 3/26/23 |
| 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. | ||
Originations
1,393Origination Dollar Volume (All Markets)
$259,515,000Awards
Equity Bank - 2022
Equity Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Relative Rate
Equity Bank's average 30 year fixed mortgage rate was
4.86%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
Equity Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,609.
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 $4,750.
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) | 201 | $56,175,000 | $279,478 | $3,361 | 4.70% |
| Outside of Metro Areas | 286 | $38,700,000 | $135,315 | $3,631 | 4.39% |
| TULSA, OK (FHA|USDA|VA) | 69 | $23,925,000 | $346,739 | $3,770 | 5.02% |
| WICHITA, KS (FHA|USDA|VA) | 100 | $19,230,000 | $192,300 | $3,204 | 4.03% |
| Harrison, AR (FHA|USDA|VA) | 140 | $18,930,000 | $135,214 | $3,368 | 4.72% |
| Warrensburg, MO (FHA|USDA|VA) | 57 | $10,675,000 | $187,281 | $3,166 | 5.34% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $10,005,000 | $10,005,000 | $0 | 6.75% |
| Ponca City, OK (FHA|USDA|VA) | 98 | $9,810,000 | $100,102 | $5,276 | 4.26% |
| Guymon, OK (FHA|USDA|VA) | 91 | $8,515,000 | $93,571 | $3,538 | 4.78% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 40 | $7,190,000 | $179,750 | $4,640 | 4.24% |
| TOPEKA, KS (FHA|USDA|VA) | 45 | $6,865,000 | $152,556 | $2,977 | 5.18% |
| Pittsburg, KS (FHA|USDA|VA) | 31 | $6,355,000 | $205,000 | $3,166 | 4.19% |
| Hays, KS (FHA|USDA|VA) | 26 | $3,640,000 | $140,000 | $2,913 | 4.23% |
| Sedalia, MO (FHA|USDA|VA) | 35 | $3,535,000 | $101,000 | $4,516 | 5.63% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 13 | $2,865,000 | $220,385 | $2,842 | 4.71% |
| MANHATTAN, KS (FHA|USDA|VA) | 1 | $2,445,000 | $2,445,000 | $0 | 3.95% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 6 | $2,350,000 | $391,667 | $3,252 | 4.96% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $19,294 | 3.96% |
| Liberal, KS (FHA|USDA|VA) | 20 | $1,930,000 | $96,500 | $2,378 | 4.51% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $1,915,000 | $638,333 | $0 | 5.25% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 15 | $1,885,000 | $125,667 | $1,577 | 3.96% |
| Bartlesville, OK (FHA|USDA|VA) | 11 | $1,615,000 | $146,818 | $4,550 | 4.40% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,560,000 | $780,000 | $0 | 2.87% |
| BEND, OR (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 4.15% |
| LAWRENCE, KS (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $5,324 | 4.59% |
| Garden City, KS (FHA|USDA|VA) | 12 | $1,150,000 | $95,833 | $1,987 | 2.70% |
| Salina, KS (FHA|USDA|VA) | 7 | $1,045,000 | $149,286 | $2,493 | 4.84% |
| Coffeyville, KS (FHA|USDA|VA) | 19 | $935,000 | $49,211 | $2,104 | 3.61% |
| Branson, MO (FHA|USDA|VA) | 6 | $920,000 | $153,333 | $5,218 | 4.44% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $3,628 | 4.55% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $890,000 | $445,000 | $11,669 | 2.81% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $0 | 5.21% |
| Batesville, AR (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 7.51% |
| NAPA, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,675 | 4.00% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $0 | 4.38% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 6.30% |
| Key West, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,220 | 4.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 3.30% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $8,561 | 4.63% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 5.89% |
| LAWTON, OK (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 4.40% |
| Marshall, MO (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,511 | 4.12% |
| Great Bend, KS (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $2,697 | 4.19% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,531 | 3.88% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 4.69% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 1.99% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 6.98% |
| Brookings, OR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 6.09% |
| Russellville, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,233 | 5.00% |
| Winfield, KS (FHA|USDA|VA) | 4 | $210,000 | $52,500 | $2,820 | 5.61% |
| Camden, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.36% |
| Parsons, KS (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $3,298 | 3.31% |
| Searcy, AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.20% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.26% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.25% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.67% |
| Weatherford, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 1.99% |
| ENID, OK (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,131 | 6.00% |
| Altus, OK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 1.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against Equity Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2022, Equity Bank's most frequently originated type of loan was Conventional, with 828 originations. Their 2nd most popular type was HELOC, with 559 originations.
Loan Reason
For 2022, Equity Bank's most frequently cited loan purpose was Home Purchase, with 571 originations. The 2nd most popular reason was Refi, with 373 originations.
Loan Duration/Length
For 2022, Equity Bank's most frequently cited loan duration was 15 Year, with 473 originations. The 2nd most popular length was 30 Year, with 290 originations.
Origination Fees/Closing Costs
Equity Bank's average total fees were $3,609, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 170 originations.
Interest Rates
During 2022, Equity Bank's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was <2.5%, with 409 originations.
Loan Sizing
2022 saw Equity Bank place emphasis on $100,000 or less loans with 670 originations, totaling $34,700,000 in origination value.
Applicant Income
Equity Bank lent most frequently to those with incomes in the $50k-75k range, with 244 originations. The second most popular income band? $50k or less, with 239 originations.
Applicant Debt to Income Ratio
Equity Bank lent most frequently to those with DTI ratios of 20-30%, with 200 originations. The next most common DTI ratio? 30-36%, with 141 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.24%
Equity Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.79%
Equity Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 84.0 | 4 | $150,000 | $37,500 |
| NA | 1,389 | $259,365,000 | $186,728 |