Republic Bank & Trust Company Mortgage Rates, Fees & Info

Louisville, KY

LEI: X6T32LKEPUT8LQMW6755

Tax ID: 61-0197400

5 stars - Updated: 6/23/24 - out of 5 stars, based on 53 reviews

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

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Mortgage Data

Review & Overview

Republic Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Republic 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.) Their top markets by origination volume include: Louisville, Cincinnati, Lexington, Tampa, and Nashville among others. We have data for 56 markets. (Some data included below & more in-depth data is available with an active subscription.)

Republic 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. Republic 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 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) 5.55% 6/23/24
30 Year Conventional Purchase 6.27% 6/23/24
30 Year Conventional Refi 6.32% 6/23/24
30 Year Cash-out Refi 6.47% 6/23/24
30 Year FHA Purchase 7.60% 6/23/24
30 Year FHA Refi 6.27% 6/23/24
30 Year VA Purchase 6.24% 6/23/24
30 Year VA Refi 6.27% 6/23/24
30 Year USDA Purchase 6.27% 6/23/24
15 Year Conventional Purchase 6.03% 6/23/24
15 Year Conventional Refi 6.18% 6/23/24
15 Year Cash-out Refi 6.18% 6/23/24
15 Year FHA Refi 7.13% 6/23/24
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.

Republic Bank & Trust Company Mortgage Calculator






Your Estimates

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

This is not an official calculator from Republic Bank & Trust Company. 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

2,766

Origination Dollar Volume (All Markets)

$676,080,000
Show all (8) awards

Relative Rate

Republic Bank & Trust Company's average 30 year fixed mortgage rate was 6.28%.

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

This yields a difference of -0.2%.

Relative Fees (Closing Costs)

Republic Bank & Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $4,224.

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
LOUISVILLE, KY (FHA|USDA|VA) 1,432 $314,890,000 $219,895 $2,931 6.03%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 275 $79,555,000 $289,291 $3,564 5.71%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 301 $72,525,000 $240,947 $3,331 6.34%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 347 $68,955,000 $198,718 $3,531 5.49%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 233 $51,015,000 $218,948 $3,356 5.52%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 13 $37,125,000 $2,855,769 $4,504 5.73%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 17 $5,495,000 $323,235 $5,744 5.83%
Richmond-Berea, KY (FHA|USDA|VA) 20 $5,240,000 $262,000 $4,778 6.34%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $4,640,000 $1,160,000 $6,772 6.68%
Outside of Metro Areas 17 $3,345,000 $196,765 $5,176 6.09%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $2,955,000 $985,000 $12,117 5.87%
Frankfort, KY (FHA|USDA|VA) 15 $2,585,000 $172,333 $7,801 6.42%
KNOXVILLE, TN (FHA|USDA|VA) 3 $2,545,000 $848,333 $5,801 6.17%
DAYTON-KETTERING, OH (FHA|USDA|VA) 6 $1,720,000 $286,667 $3,032 5.14%
Bardstown, KY (FHA|USDA|VA) 12 $1,630,000 $135,833 $2,884 5.71%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $8,954 5.88%
COLUMBUS, OH (FHA|USDA|VA) 8 $1,310,000 $163,750 $3,313 5.46%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $1,290,000 $645,000 $4,046 7.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $1,030,000 $515,000 $7,391 6.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $990,000 $495,000 $6,456 6.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $955,000 $955,000 $3,284 7.25%
BOWLING GREEN, KY (FHA|USDA|VA) 3 $925,000 $308,333 $3,254 6.83%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $765,000 $765,000 $6,911 6.63%
Aberdeen, WA (FHA|USDA|VA) 1 $725,000 $725,000 $38,911 5.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $720,000 $360,000 $6,402 6.19%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $705,000 $705,000 $16,625 6.38%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $690,000 $345,000 $6,196 5.69%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $630,000 $157,500 $7,615 5.43%
Scottsburg, IN (FHA|USDA|VA) 3 $605,000 $201,667 $1,558 7.33%
PANAMA CITY, FL (FHA|USDA|VA) 1 $565,000 $565,000 $0 6.30%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $555,000 $555,000 $6,564 5.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $530,000 $265,000 $5,727 6.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $505,000 $505,000 $4,112 6.50%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 5 $485,000 $97,000 $3,810 4.54%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $465,000 $465,000 $4,307 7.38%
THE VILLAGES, FL (FHA|USDA|VA) 1 $465,000 $465,000 $10,703 5.75%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $445,000 $445,000 $4,091 7.63%
Calhoun, GA (FHA|USDA|VA) 1 $425,000 $425,000 $5,954 6.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $425,000 $425,000 $13,625 6.63%
OCALA, FL (FHA|USDA|VA) 1 $405,000 $405,000 $9,972 7.00%
Sevierville, TN (FHA|USDA|VA) 1 $385,000 $385,000 $11,176 8.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $380,000 $190,000 $5,642 5.88%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $375,000 $375,000 $9,604 6.88%
COLUMBIA, SC (FHA|USDA|VA) 2 $370,000 $185,000 $3,572 6.31%
ASHEVILLE, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,673 8.63%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.99%
LAFAYETTE, LA (FHA|USDA|VA) 1 $295,000 $295,000 $5,645 6.50%
Oxford, MS (FHA|USDA|VA) 1 $225,000 $225,000 $3,199 5.50%
OWENSBORO, KY (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.90%
Danville, KY (FHA|USDA|VA) 1 $195,000 $195,000 $3,221 7.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $165,000 $165,000 $6,738 7.13%
GAINESVILLE, GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,051 5.88%
Lewisburg, TN (FHA|USDA|VA) 2 $120,000 $60,000 $638 6.25%
Madison, IN (FHA|USDA|VA) 1 $95,000 $95,000 $2,819 7.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.99%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.99%
Republic Bank & Trust Company's top markets include Louisville, Cincinnati, Lexington, Tampa, and Nashville among others.

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

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

    Michigan Legacy Credit Union
    Similarity Rank: 15
    Republic Bank
    Similarity Rank: 21
    South Metro Federal Credit Union
    Similarity Rank: 55
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    The Cecilian Bank
    Similarity Rank: 78
    MISSION
    Similarity Rank: 93
    Total Community Credit Union
    Similarity Rank: 94
    St James Mortgage Corporation
    Similarity Rank: 104

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,453 $496,495,000 $341,703 $3,105 6.50%
    HELOC 1,244 $163,420,000 $131,367 n/a 5.22%
    FHA 60 $13,380,000 $223,000 $8,650 6.54%
    VA 9 $2,785,000 $309,444 $6,723 6.33%

    For 2023, Republic Bank & Trust Company's most frequently originated type of loan was Conventional, with 1,453 originations. Their 2nd most popular type was HELOC, with 1,244 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,128 $433,500,000 $384,309 $3,839 6.24%
    Other 633 $71,345,000 $112,709 $1,450 5.60%
    Home Improvement 600 $73,070,000 $121,783 $1,515 5.05%
    Cash Out Refi 342 $67,250,000 $196,637 $2,847 6.89%
    Refi 63 $30,915,000 $490,714 $2,879 6.52%

    For 2023, Republic Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 1,128 originations. The 2nd most popular reason was Other, with 633 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 1,404 $276,140,000 $196,681 $904 5.43%
    30 Year 1,001 $293,295,000 $293,002 $4,224 6.28%
    15 Year 152 $14,200,000 $93,421 $1,391 7.69%
    20 Year 127 $2,715,000 $21,378 $495 5.81%
    1 Year 49 $20,965,000 $427,857 $2,234 7.00%
    5 Year 16 $54,410,000 $3,400,625 $885 5.94%
    30+ year 12 $9,830,000 $819,167 $8,711 7.10%
    Other 4 $3,860,000 $965,000 $0 8.44%
    3 Year 1 $665,000 $665,000 $0 7.10%

    For 2023, Republic Bank & Trust Company's most frequently cited loan duration was 10 Year, with 1,404 originations. The 2nd most popular length was 30 Year, with 1,001 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 879 $250,485,000 $284,966
    $<1k 378 $34,230,000 $90,556
    $2k-3k 72 $24,010,000 $333,472
    $3k-4k 42 $11,770,000 $280,238
    $5k+ 41 $20,345,000 $496,220
    $4k-5k 10 $4,270,000 $427,000

    Republic Bank & Trust Company's average total fees were $4,224, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 879 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 639 $272,155,000 $425,908
    4-5% 616 $83,560,000 $135,649
    5-6% 468 $116,330,000 $248,568
    7-8% 425 $124,905,000 $293,894
    3-4% 382 $45,410,000 $118,874
    Over 8% 212 $33,310,000 $157,123
    <2.5% 23 $115,000 $5,000
    2.5-3% 1 $295,000 $295,000

    During 2023, Republic Bank & Trust Company's average interest rate for loans was 6.28%, while their most frequently originated rate bucket for loans was 6-7%, with 639 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,019 $52,205,000 $51,232 $1,086 5.78%
    $100k-200k 807 $117,575,000 $145,694 $3,258 5.77%
    $200k-400k 633 $170,555,000 $269,439 $4,297 6.12%
    $400k-600k 166 $80,770,000 $486,566 $4,814 6.29%
    $600k-1MM 92 $69,200,000 $752,174 $6,125 6.42%
    $1MM+ 49 $185,775,000 $3,791,327 $8,791 6.68%

    2023 saw Republic Bank & Trust Company place emphasis on $100,000 or less loans with 1,019 originations, totaling $52,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 560 $66,960,000 $119,571 $2,631 5.87%
    $100k-150k 537 $89,555,000 $166,769 $3,657 5.84%
    $150k-250k 506 $109,990,000 $217,372 $3,613 5.90%
    $50k or less 357 $34,125,000 $95,588 $2,495 5.89%
    $75k-100k 352 $45,680,000 $129,773 $3,560 5.97%
    $250k+ 325 $158,215,000 $486,815 $5,571 5.91%

    Republic Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 560 originations. The second most popular income band? $100k-150k, with 537 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 525 $108,815,000 $207,267 $3,178 5.86%
    20-30% 449 $85,685,000 $190,835 $3,373 5.82%
    40% 271 $36,085,000 $133,155 $2,661 5.41%
    39% 183 $31,335,000 $171,230 $2,964 5.85%
    <20% 166 $36,640,000 $220,723 $3,737 5.77%
    41% 163 $27,505,000 $168,742 $3,432 6.06%
    38% 150 $25,910,000 $172,733 $2,869 6.02%
    37% 137 $24,855,000 $181,423 $2,747 5.90%
    42% 129 $22,715,000 $176,085 $2,813 6.23%
    44% 119 $25,625,000 $215,336 $3,221 6.30%
    36% 113 $19,315,000 $170,929 $3,130 5.57%
    43% 98 $16,820,000 $171,633 $3,210 6.13%
    45% 37 $7,845,000 $212,027 $4,787 5.75%
    49% 29 $7,355,000 $253,621 $7,233 6.89%
    46% 28 $7,790,000 $278,214 $5,188 6.18%
    48% 28 $7,470,000 $266,786 $5,297 6.63%
    47% 20 $5,090,000 $254,500 $4,722 6.14%
    50-60% 18 $9,580,000 $532,222 $6,264 6.49%
    >60% 3 $1,535,000 $511,667 $0 5.16%

    Republic Bank & Trust Company lent most frequently to those with DTI ratios of 30-36%, with 525 originations. The next most common DTI ratio? 20-30%, with 449 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,106 $416,030,000 $197,545 $3,368 5.89%
    Not applicable 89 $165,755,000 $1,862,416 $0 6.97%
    Not provided 239 $40,495,000 $169,435 $3,144 5.86%
    Black 248 $34,800,000 $140,323 $3,309 5.94%
    Asian 73 $17,405,000 $238,425 $4,063 5.78%
    American Indian 9 $1,285,000 $142,778 $3,653 5.71%
    Native Hawaiian or Islander 2 $310,000 $155,000 $0 4.49%

    Approval Rates

    Total approvals of all applications
    94.13%

    Republic Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    49.24%

    Republic Bank & Trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,766 $676,080,000 $244,425

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,766 $676,080,000 $244,425

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 651 $98,225,000 $150,883 $2,148 5.59%
    40-60% 284 $154,120,000 $542,676 $3,494 6.12%
    60-80% 292 $151,490,000 $518,801 $4,546 6.43%
    80-100% 719 $221,655,000 $308,282 $4,245 6.23%
    Over 100% 2 $670,000 $335,000 $11,754 6.38%
    Under 20% 818 $49,920,000 $61,027 $708 5.67%