Bank Of Travelers Rest Mortgage Rates, Fees & Info

Travelers Rest, SC

LEI: 2549000A72B92T5BS479

Tax ID: 57-0282578

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bank Of Travelers Rest is a smaller bank specializing in Home Purchase loans. Bank Of Travelers Rest has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Spartanburg, Greenwood, Seneca, and Myrtle Beach among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Travelers Rest has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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.

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    Originations

    170

    Origination Dollar Volume (All Markets)

    $59,090,000

    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
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 146 $48,680,000 $333,425 $0 0.00%
    SPARTANBURG, SC (FHA|USDA|VA) 15 $7,785,000 $519,000 $0 0.00%
    Greenwood, SC (FHA|USDA|VA) 2 $760,000 $380,000 $0 0.00%
    Seneca, SC (FHA|USDA|VA) 4 $660,000 $165,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    COLUMBIA, SC (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    Bank Of Travelers Rest's top markets include Greenville, Spartanburg, Greenwood, Seneca, and Myrtle Beach among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 170 $59,090,000 $347,588 $0 0.00%

    For 2024, Bank Of Travelers Rest's most frequently originated type of loan was Conventional, with 170 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $47,395,000 $442,944 $0 0.00%
    Refi 33 $7,915,000 $239,848 $0 0.00%
    Home Improvement 18 $2,290,000 $127,222 $0 0.00%
    Other 12 $1,490,000 $124,167 $0 0.00%

    For 2024, Bank Of Travelers Rest's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 170 $59,090,000 $347,588 $0 0.00%

    For 2024, Bank Of Travelers Rest's most frequently cited loan duration was Other, with 170 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 54 $14,410,000 $266,852 $0 0.00%
    $100k-200k 37 $5,675,000 $153,378 $0 0.00%
    $400k-600k 30 $14,610,000 $487,000 $0 0.00%
    $100,000 or less 29 $1,935,000 $66,724 $0 0.00%
    $600k-1MM 12 $8,360,000 $696,667 $0 0.00%
    $1MM+ 8 $14,100,000 $1,762,500 $0 0.00%

    2024 saw Bank Of Travelers Rest place emphasis on $200k-400k loans with 54 originations, totaling $14,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 37 $23,545,000 $636,351 $0 0.00%
    $150k-250k 33 $12,105,000 $366,818 $0 0.00%
    $100k-150k 30 $5,940,000 $198,000 $0 0.00%
    $50k-75k 14 $1,690,000 $120,714 $0 0.00%
    $75k-100k 12 $2,230,000 $185,833 $0 0.00%
    $50k or less 8 $990,000 $123,750 $0 0.00%

    Bank Of Travelers Rest lent most frequently to those with incomes in the $250k+ range, with 37 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 170 $59,090,000 $347,588 $0 0.00%

    Bank Of Travelers Rest lent most frequently to those with DTI ratios of Exempt%, with 170 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $45,390,000 $349,154 $0 0.00%
    Not applicable 36 $12,590,000 $349,722 $0 0.00%
    Asian 3 $1,025,000 $341,667 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.66%

    Bank Of Travelers Rest has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Bank Of Travelers Rest has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 170 $59,090,000 $347,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    170 $59,090,000 $347,588