Landmark National Bank Mortgage Rates, Fees & Info

Manhattan, KS

LEI: 8AI385EP1ZJCMUOZ8022

Tax ID: 48-0319663

5 stars - Updated: 5/27/24 - out of 5 stars, based on 29 reviews

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

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Mortgage Data

Review & Overview

Landmark National Bank is a smaller bank specializing in Home Purchase loans. Landmark National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Topeka, Kansas City, Manhattan, Dodge City, and Garden City among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)

Landmark National 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. Landmark National 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
30 Year Conventional Purchase 6.70% 5/27/24
30 Year Conventional Refi 6.59% 5/27/24
30 Year Cash-out Refi 6.67% 5/27/24
30 Year FHA Purchase 7.43% 5/27/24
30 Year FHA Refi 6.27% 5/27/24
30 Year VA Purchase 6.51% 5/27/24
30 Year USDA Purchase 6.89% 5/27/24
15 Year Conventional Purchase 6.25% 5/27/24
15 Year Conventional Refi 6.12% 5/27/24
15 Year Cash-out Refi 6.12% 5/27/24
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.

Landmark National Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Landmark National 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

866

Origination Dollar Volume (All Markets)

$182,690,000
Show all (22) awards

Relative Rate

Landmark National Bank's average 30 year fixed mortgage rate was 6.34%.

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

This yields a difference of -0.14%.

Relative Fees (Closing Costs)

Landmark National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $2,935.

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
TOPEKA, KS (FHA|USDA|VA) 265 $49,585,000 $187,113 $2,808 6.47%
KANSAS CITY, MO-KS (FHA|USDA|VA) 119 $35,555,000 $298,782 $2,714 6.35%
MANHATTAN, KS (FHA|USDA|VA) 151 $31,365,000 $207,715 $3,021 6.57%
Dodge City, KS (FHA|USDA|VA) 105 $19,355,000 $184,333 $3,242 6.57%
Outside of Metro Areas 92 $14,920,000 $162,174 $2,891 6.67%
Garden City, KS (FHA|USDA|VA) 24 $4,920,000 $205,000 $3,431 6.67%
Great Bend, KS (FHA|USDA|VA) 33 $4,635,000 $140,455 $2,682 6.72%
LAWRENCE, KS (FHA|USDA|VA) 17 $3,615,000 $212,647 $3,184 6.61%
WICHITA, KS (FHA|USDA|VA) 15 $3,535,000 $235,667 $2,369 7.05%
Warrensburg, MO (FHA|USDA|VA) 4 $1,420,000 $355,000 $2,756 6.13%
Heber, UT (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $4,520 6.00%
TULSA, OK (FHA|USDA|VA) 3 $1,365,000 $455,000 $4,481 5.92%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,160,000 $580,000 $3,567 6.88%
Ottawa, KS (FHA|USDA|VA) 4 $770,000 $192,500 $2,375 6.28%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $730,000 $365,000 $5,454 6.38%
Barre, VT (FHA|USDA|VA) 1 $705,000 $705,000 $4,436 5.88%
Durango, CO (FHA|USDA|VA) 1 $645,000 $645,000 $2,655 6.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $615,000 $615,000 $3,211 6.13%
BOULDER, CO (FHA|USDA|VA) 1 $535,000 $535,000 $3,002 7.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $495,000 $495,000 $3,673 6.13%
Pittsburg, KS (FHA|USDA|VA) 4 $450,000 $112,500 $2,337 7.16%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $435,000 $435,000 $3,062 6.25%
Hays, KS (FHA|USDA|VA) 1 $425,000 $425,000 $2,618 5.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $415,000 $415,000 $2,192 6.25%
KNOXVILLE, TN (FHA|USDA|VA) 1 $405,000 $405,000 $3,704 7.25%
Athens, TX (FHA|USDA|VA) 1 $365,000 $365,000 $2,221 6.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $355,000 $355,000 $3,524 6.00%
LINCOLN, NE (FHA|USDA|VA) 1 $325,000 $325,000 $2,395 6.00%
Emporia, KS (FHA|USDA|VA) 2 $320,000 $160,000 $2,003 6.44%
Sedalia, MO (FHA|USDA|VA) 2 $320,000 $160,000 $691 6.43%
Platteville, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,537 7.50%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $265,000 $265,000 $1,945 6.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $205,000 $205,000 $3,090 5.88%
Liberal, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,746 7.00%
Marshall, MO (FHA|USDA|VA) 1 $145,000 $145,000 $2,540 6.50%
Atchison, KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,217 5.75%
Branson, MO (FHA|USDA|VA) 1 $95,000 $95,000 $2,903 6.25%
Hutchinson, KS (FHA|USDA|VA) 1 $65,000 $65,000 $2,627 6.25%
Landmark National Bank's top markets include Topeka, Kansas City, Manhattan, Dodge City, and Garden City among others.

Their top states include:
  • Kansas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Landmark National 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 708 $153,070,000 $216,201 $2,381 6.51%
    FHA 56 $10,380,000 $185,357 $5,810 6.69%
    VA 52 $11,910,000 $229,038 $4,924 6.64%
    USDA 50 $7,330,000 $146,600 $3,871 6.54%

    For 2023, Landmark National Bank's most frequently originated type of loan was Conventional, with 708 originations. Their 2nd most popular type was FHA, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 781 $168,715,000 $216,024 $2,960 6.52%
    Refi 29 $5,135,000 $177,069 $2,382 6.49%
    Cash Out Refi 27 $5,065,000 $187,593 $2,607 6.38%
    Home Improvement 18 $1,640,000 $91,111 $1,968 7.14%
    Other 11 $2,135,000 $194,091 $2,699 6.32%

    For 2023, Landmark National Bank's most frequently cited loan purpose was Home Purchase, with 781 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 746 $161,180,000 $216,059 $2,935 6.34%
    20 Year 56 $9,260,000 $165,357 $2,132 7.58%
    15 Year 24 $4,870,000 $202,917 $2,813 7.05%
    1 Year 23 $5,105,000 $221,957 $2,210 8.53%
    Other 11 $955,000 $86,818 $0 8.68%
    5 Year 4 $960,000 $240,000 $213 6.19%
    10 Year 2 $360,000 $180,000 $5,746 7.56%

    For 2023, Landmark National Bank's most frequently cited loan duration was 30 Year, with 746 originations. The 2nd most popular length was 20 Year, with 56 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 569 $127,445,000 $223,981
    $1k-2k 123 $22,035,000 $179,146
    $2k-3k 17 $3,965,000 $233,235
    $3k-4k 15 $4,105,000 $273,667
    $4k-5k 6 $2,100,000 $350,000
    $5k+ 6 $4,020,000 $670,000

    Landmark National Bank's average total fees were $2,935, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 569 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 437 $87,125,000 $199,371
    5-6% 263 $65,195,000 $247,890
    7-8% 116 $21,320,000 $183,793
    Over 8% 43 $6,735,000 $156,628
    4-5% 7 $2,315,000 $330,714

    During 2023, Landmark National Bank's average interest rate for loans was 6.34%, while their most frequently originated rate bucket for loans was 6-7%, with 437 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 325 $49,275,000 $151,615 $2,837 6.54%
    $200k-400k 301 $82,095,000 $272,741 $3,153 6.45%
    $100,000 or less 168 $11,690,000 $69,583 $2,281 6.77%
    $400k-600k 54 $25,610,000 $474,259 $2,898 6.24%
    $600k-1MM 16 $11,590,000 $724,375 $5,260 6.31%
    $1MM+ 2 $2,430,000 $1,215,000 $3,496 6.00%

    2023 saw Landmark National Bank place emphasis on $100k-200k loans with 325 originations, totaling $49,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 217 $34,775,000 $160,253 $2,860 6.47%
    $100k-150k 165 $40,475,000 $245,303 $3,047 6.41%
    $75k-100k 144 $28,230,000 $196,042 $3,067 6.42%
    $50k or less 117 $12,855,000 $109,872 $2,557 6.43%
    $150k-250k 101 $33,365,000 $330,347 $2,963 6.31%
    $250k+ 45 $20,725,000 $460,556 $3,141 6.30%

    Landmark National Bank lent most frequently to those with incomes in the $50k-75k range, with 217 originations. The second most popular income band? $100k-150k, with 165 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 150 $34,070,000 $227,133 $2,880 6.32%
    20-30% 147 $32,195,000 $219,014 $2,389 6.26%
    42% 57 $15,435,000 $270,789 $2,973 6.26%
    <20% 51 $8,965,000 $175,784 $2,052 6.08%
    40% 46 $10,110,000 $219,783 $2,812 6.45%
    41% 38 $9,470,000 $249,211 $2,565 6.35%
    39% 35 $7,835,000 $223,857 $2,957 6.42%
    38% 32 $7,280,000 $227,500 $2,848 6.22%
    37% 31 $6,575,000 $212,097 $2,623 6.44%
    36% 31 $6,535,000 $210,806 $3,064 6.38%
    50-60% 23 $4,945,000 $215,000 $5,101 6.78%
    45% 23 $4,155,000 $180,652 $2,768 6.46%
    43% 22 $3,630,000 $165,000 $3,927 6.59%
    44% 20 $4,260,000 $213,000 $3,806 6.42%
    49% 18 $3,440,000 $191,111 $3,856 6.62%
    47% 17 $3,145,000 $185,000 $4,392 6.70%
    46% 14 $2,380,000 $170,000 $3,121 6.71%
    48% 14 $2,870,000 $205,000 $4,108 6.83%

    Landmark National Bank lent most frequently to those with DTI ratios of 30-36%, with 150 originations. The next most common DTI ratio? 20-30%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 648 $142,890,000 $220,509 $2,895 6.43%
    Not provided 112 $20,960,000 $187,143 $2,920 6.38%
    Not applicable 67 $10,195,000 $152,164 $0 7.76%
    Black 16 $3,540,000 $221,250 $4,493 6.68%
    Asian 13 $3,235,000 $248,846 $2,132 6.13%
    American Indian 8 $1,640,000 $205,000 $3,340 6.08%
    Native Hawaiian or Islander 1 $145,000 $145,000 $4,613 6.50%
    Other Asian 1 $85,000 $85,000 $0 7.38%

    Approval Rates

    Total approvals of all applications
    95.44%

    Landmark National 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 origination
    86.61%

    Landmark National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 866 $182,690,000 $210,958

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    866 $182,690,000 $210,958

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $4,855,000 $131,216 $2,282 6.66%
    40-60% 61 $12,875,000 $211,066 $2,634 6.56%
    60-80% 232 $51,000,000 $219,828 $2,516 6.66%
    80-100% 518 $110,860,000 $214,015 $3,044 6.46%
    Over 100% 11 $2,775,000 $252,273 $7,713 6.63%
    Under 20% 7 $325,000 $46,429 $1,519 5.98%