Is Wilson Bank And Trust a cheap or expensive mortgage lender? To help you shop for a mortgage, we compare the interest rates and closing costs charged by Wilson Bank And Trust to those of other lenders for a comparable set of borrowers. Here is our review of Wilson Bank And Trust nationally:
| Review Item | Wilson Bank And Trust |
|---|---|
| Interest Rate | similar to other lenders (+0.06%) |
| Loan Related Closing Costs | lower than other lenders (-$261) |
| National Rate and Closing Cost Star Rating | (3.5) |
On average, Wilson Bank And Trust’s interest rates were similar to those of other lenders (+0.06%). On the other hand, its loan related closing costs were lower than those of other lenders, with a difference of -$261. We maintain our independence by not accepting any money from the mortgage lenders we review. To visit Wilson Bank And Trust, check out its website at: https://www.wilsonbank.com.
Wilson Bank And Trust’s Rate Review by City
Mortgage lenders often set different rates in different geographical markets. For our list of the top mortgage lenders by city, click here. In particular, among the cities we track Wilson Bank And Trust was most active in:
In addition, Wilson Bank And Trust is our top ranked/best mortgage lender in terms of interest rate and closing costs in:
- Cookeville, TN, for FHA mortgages
Wilson Bank And Trust’s Rate Review by Mortgage Type
Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Wilson Bank And Trust originated Conforming, FHA, Jumbo, USDA and VA mortgages for new home purchases. It also originated Conforming, FHA, Jumbo and VA mortgages for refinances. Its average interest rate and total loan related closing cost difference relative to other lenders for comparable borrowers by mortgages type is as follows.
| New Purchase Mortgages | Conforming | FHA | Jumbo | USDA | VA |
|---|---|---|---|---|---|
| Interest Rate Difference | +0.04% | -0.06% | -0.01% | -0.05% | -0.00% |
| Loan Related Closing Cost Difference | -$274 | -$468 | +$104 | -$153 | +$14 |
| Cost Adjusted Rate Difference | +0.01% | -0.10% | -0.01% | -0.07% | -0.00% |
| National Star Rating |
| Refinance Mortgages | Conforming | FHA | Jumbo | VA |
|---|---|---|---|---|
| Interest Rate Difference | +0.18% | +0.00% | +0.03% | +0.02% |
| Loan Related Closing Cost Difference | -$230 | -$143 | -$31 | -$23 |
| Cost Adjusted Rate Difference | +0.15% | -0.01% | +0.03% | +0.01% |
| Average Star Rating |
As a summary, Wilson Bank And Trust is cheap for FHA and USDA purchase mortgages. It is similar to other lenders for Conforming, Jumbo and VA purchase mortgages. For refinancing mortgages, Wilson Bank And Trust is similar to other lenders for FHA, Jumbo and VA mortgage refinance. It is more expensive than other lenders for Conforming mortgage refinance. Nevertheless, individual circumstances can matter a lot for mortgage rates, and we always recommend shopping among several of our top mortgage lenders in your area before signing.
Other information about Wilson Bank And Trust:
Registered city and state: Lebanon, TN, 37087
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: WILSON BANK HOLDING COMPANY
* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Wilson Bank And Trust’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.