Republic Bank & Trust Company Mortgage Rates, Fees & Info
Louisville, KYLEI: X6T32LKEPUT8LQMW6755
Tax ID: 61-0197400
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.55% | 4/19/24 |
| 30 Year Conventional Purchase | 6.27% | 4/19/24 |
| 30 Year Conventional Refi | 6.32% | 4/19/24 |
| 30 Year Cash-out Refi | 6.47% | 4/19/24 |
| 30 Year FHA Purchase | 7.60% | 4/19/24 |
| 30 Year FHA Refi | 6.27% | 4/19/24 |
| 30 Year VA Purchase | 6.24% | 4/19/24 |
| 30 Year VA Refi | 6.27% | 4/19/24 |
| 30 Year USDA Purchase | 6.27% | 4/19/24 |
| 15 Year Conventional Purchase | 6.03% | 4/19/24 |
| 15 Year Conventional Refi | 6.18% | 4/19/24 |
| 15 Year Cash-out Refi | 6.18% | 4/19/24 |
| 15 Year FHA Refi | 7.13% | 4/19/24 |
| 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
2,766Origination Dollar Volume (All Markets)
$676,080,000Awards
Republic Bank & Trust Company - 2023
Republic Bank & Trust Company is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
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
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
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
Approval Rates
Total approvals of all applications94.13%
Republic Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination49.24%
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 |