Wilson Bank And Trust Mortgage Interest Rate and Cost Review

Is Wilson Bank And Trust a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Wilson Bank And Trust with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (+0.06%)
Loan Related Closing Costslower than average (-$261)
National Rate and Closing Cost Rating(3.5)

On average, Wilson Bank And Trust’s interest rates were similar to those of other lenders (+0.06%) for a comparable set of borrowers. Its average total loan related closing cost was lower than those of other lenders, with a difference of -$261. Overall, combining interest rates and closing costs we estimate that Wilson Bank And Trust tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 3.5 out of 5.0 stars.

Wilson Bank And Trust’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Wilson Bank And Trust was most active in:

  1. Nashville, TN
  2. Cookeville, TN
  3. Fairfield Glade, TN
  4. Shelbyville, TN
  5. Columbia, TN

Furthermore, Wilson Bank And Trust is our top ranked mortgage lender in terms of interest rate and closing costs in Cookeville, TN, for FHA mortgages.

You can click through to check out Wilson Bank And Trust’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Wilson Bank And Trust’s Rates 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. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingFHAJumboUSDAVA
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%
Star Rating(3.5)(4.0)(3.5)(4.0)(3.5)
Refinance MortgagesConformingFHAJumboVA
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%
Star Rating(2.5)(3.5)(3.5)(3.5)

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, and we always recommend shopping among several lenders in your area before signing.

Other information about Wilson Bank And Trust:

Registered name: Wilson Bank And Trust
Registered city and state: Lebanon, TN, 37087
Regulator: Federal Deposit Insurance Corporation (FDIC)

* 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.