Focus Bank Mortgage Rates, Fees & Info
Charleston, MOLEI: 25490000VM5YTLF4NM50
Tax ID: 43-0271450
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Focus Bank is a smaller bank specializing in Home Purchase loans. Focus Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jonesboro, Paragould, Sikeston, Little Rock, and Tampa among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)Focus 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.
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Originations
312Origination Dollar Volume (All Markets)
$50,130,000Top 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 |
|---|---|---|---|---|---|
| JONESBORO, AR (FHA|USDA|VA) | 106 | $20,290,000 | $191,415 | $0 | 0.00% |
| Paragould, AR (FHA|USDA|VA) | 92 | $12,850,000 | $139,674 | $0 | 0.00% |
| Outside of Metro Areas | 56 | $4,990,000 | $89,107 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 18 | $2,980,000 | $165,556 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $2,255,000 | $451,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,475,000 | $1,475,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $0 | 0.00% |
| Blytheville, AR (FHA|USDA|VA) | 7 | $485,000 | $69,286 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Poplar Bluff, MO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Kennett, MO (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 312 | $50,130,000 | $160,673 | $0 | 0.00% |
For 2022, Focus Bank's most frequently originated type of loan was Conventional, with 312 originations.
Loan Reason
For 2022, Focus Bank's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Refi, with 66 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 312 | $50,130,000 | $160,673 | $0 | 0.00% |
For 2022, Focus Bank's most frequently cited loan duration was Other, with 312 originations.
Loan Sizing
2022 saw Focus Bank place emphasis on $100,000 or less loans with 146 originations, totaling $7,510,000 in origination value.
Applicant Income
Focus Bank lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $100k-150k, with 45 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 312 | $50,130,000 | $160,673 | $0 | 0.00% |
Focus Bank lent most frequently to those with DTI ratios of Exempt%, with 312 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.06%
Focus Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.46%
Focus Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 312 | $50,130,000 | $160,673 |