Wilson & Muir Bank & Trust Company Mortgage Rates, Fees & Info

Bardstown, KY

LEI: 549300TMWSYX6B5ZOK69

Tax ID: 61-0288090

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Wilson & Muir Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Wilson & Muir Bank & Trust Company 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: Louisville, Elizabethtown, Bardstown, Lexington, and Bowling Green among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wilson & Muir Bank & Trust Company 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. Wilson & Muir Bank & Trust Company 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

    279

    Origination Dollar Volume (All Markets)

    $60,075,000
    Show all (5) awards

    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
    LOUISVILLE, KY (FHA|USDA|VA) 107 $28,115,000 $262,757 $2,838 7.36%
    Outside of Metro Areas 65 $11,105,000 $170,846 $2,652 7.46%
    ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 56 $10,910,000 $194,821 $2,603 7.56%
    Bardstown, KY (FHA|USDA|VA) 41 $8,075,000 $196,951 $2,096 7.50%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 5 $1,025,000 $205,000 $2,679 7.27%
    BOWLING GREEN, KY (FHA|USDA|VA) 4 $700,000 $175,000 $1,634 7.50%
    Madison, IN (FHA|USDA|VA) 1 $145,000 $145,000 $0 7.50%
    Wilson & Muir Bank & Trust Company's top markets include Louisville, Elizabethtown, Bardstown, Lexington, and Bowling Green among others.

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

    • Similar Lenders

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

    The Cecilian Bank
    Similarity Rank: 78
    The Peoples Bank
    Similarity Rank: 270
    Peoples Bank
    Similarity Rank: 325
    Forcht Bank
    Similarity Rank: 494
    Abound Federal Credit Union
    Similarity Rank: 546
    COMMONWEALTH
    Similarity Rank: 621
    Traditional Bank, Inc.
    Similarity Rank: 644
    Guardian Savings Bank, A Federal Savings Bank
    Similarity Rank: 656
    Wilson & Muir Bank & Trust Company
    Similarity Rank: 665
    PARK COMMUNITY CREDIT UNION, INC.
    Similarity Rank: 680

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 265 $57,445,000 $216,774 $2,332 7.50%
    FHA 7 $1,195,000 $170,714 $6,000 6.37%
    USDA 4 $690,000 $172,500 $4,931 6.53%
    VA 3 $745,000 $248,333 $5,592 6.25%

    For 2023, Wilson & Muir Bank & Trust Company's most frequently originated type of loan was Conventional, with 265 originations. Their 2nd most popular type was FHA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 195 $42,185,000 $216,333 $2,897 7.31%
    Refi 60 $12,290,000 $204,833 $1,705 7.71%
    Other 14 $3,770,000 $269,286 $1,650 8.43%
    Cash Out Refi 8 $1,560,000 $195,000 $2,740 6.70%
    Home Improvement 2 $270,000 $135,000 $417 8.50%

    For 2023, Wilson & Muir Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 155 $35,655,000 $230,032 $2,814 6.98%
    Other 40 $12,090,000 $302,250 $3,350 8.00%
    20 Year 33 $5,895,000 $178,636 $1,237 7.89%
    5 Year 16 $1,540,000 $96,250 $803 8.00%
    1 Year 13 $2,625,000 $201,923 $0 7.87%
    10 Year 11 $525,000 $47,727 $694 8.75%
    15 Year 11 $1,745,000 $158,636 $1,452 8.04%

    For 2023, Wilson & Muir Bank & Trust Company's most frequently cited loan duration was 30 Year, with 155 originations. The 2nd most popular length was Other, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 157 $32,945,000 $209,841
    $1k-2k 12 $2,490,000 $207,500
    $2k-3k 7 $2,255,000 $322,143
    $5k+ 3 $3,435,000 $1,145,000
    $3k-4k 1 $255,000 $255,000
    $4k-5k 1 $395,000 $395,000

    Wilson & Muir Bank & Trust Company's average total fees were $2,814, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 157 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 145 $32,335,000 $223,000
    6-7% 74 $16,780,000 $226,757
    Over 8% 42 $6,390,000 $152,143
    5-6% 18 $4,570,000 $253,889

    During 2023, Wilson & Muir Bank & Trust Company's average interest rate for loans was 6.98%, while their most frequently originated rate bucket for loans was 7-8%, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 105 $15,985,000 $152,238 $2,483 7.26%
    $200k-400k 84 $22,520,000 $268,095 $3,389 7.26%
    $100,000 or less 61 $3,725,000 $61,066 $1,167 8.11%
    $400k-600k 20 $9,100,000 $455,000 $2,628 7.16%
    $600k-1MM 8 $5,990,000 $748,750 $3,455 7.55%
    $1MM+ 1 $2,755,000 $2,755,000 $12,826 7.50%

    2023 saw Wilson & Muir Bank & Trust Company place emphasis on $100k-200k loans with 105 originations, totaling $15,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 52 $11,020,000 $211,923 $2,732 7.35%
    $50k-75k 41 $5,785,000 $141,098 $2,598 7.21%
    $150k-250k 39 $10,925,000 $280,128 $2,429 7.31%
    $50k or less 34 $3,740,000 $110,000 $1,771 7.48%
    $75k-100k 30 $5,210,000 $173,667 $2,796 7.14%
    $250k+ 17 $9,255,000 $544,412 $4,106 7.41%

    Wilson & Muir Bank & Trust Company lent most frequently to those with incomes in the $100k-150k range, with 52 originations. The second most popular income band? $50k-75k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $12,145,000 $238,137 $2,510 7.25%
    <20% 37 $4,675,000 $126,351 $1,105 7.94%
    30-36% 36 $7,870,000 $218,611 $2,595 6.99%
    38% 11 $2,345,000 $213,182 $2,354 7.57%
    40% 11 $1,925,000 $175,000 $2,746 7.18%
    36% 10 $2,320,000 $232,000 $3,114 6.81%
    41% 7 $755,000 $107,857 $2,019 7.52%
    50-60% 7 $3,865,000 $552,143 $5,872 7.95%
    44% 6 $1,670,000 $278,333 $3,198 6.89%
    45% 6 $1,640,000 $273,333 $2,172 7.25%
    37% 6 $1,180,000 $196,667 $2,990 7.37%
    42% 5 $1,545,000 $309,000 $3,504 6.12%
    39% 5 $1,005,000 $201,000 $2,381 6.97%
    43% 5 $1,125,000 $225,000 $3,106 6.57%
    47% 5 $1,175,000 $235,000 $3,676 7.47%
    48% 2 $460,000 $230,000 $1,897 7.94%
    >60% 2 $300,000 $150,000 $0 7.88%
    46% 1 $155,000 $155,000 $2,777 6.00%

    Wilson & Muir Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? <20%, with 37 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 205 $44,335,000 $216,268 $2,538 7.32%
    Not applicable 62 $13,110,000 $211,452 $0 7.90%
    Black 5 $1,035,000 $207,000 $3,887 7.67%
    Not provided 4 $850,000 $212,500 $2,458 7.06%
    Asian 2 $470,000 $235,000 $4,636 6.44%
    Other Asian 1 $275,000 $275,000 $2,192 8.00%

    Approval Rates

    Total approvals of all applications
    95.34%

    Wilson & Muir Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.96%

    Wilson & Muir Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 279 $60,075,000 $215,323

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    279 $60,075,000 $215,323

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $2,550,000 $106,250 $1,118 7.89%
    40-60% 40 $8,120,000 $203,000 $1,892 7.43%
    60-80% 124 $32,160,000 $259,355 $3,023 7.40%
    80-100% 81 $16,395,000 $202,407 $3,075 7.35%
    Over 100% 1 $235,000 $235,000 $10,536 5.75%
    Under 20% 9 $615,000 $68,333 $688 8.11%