Bank Of Travelers Rest Mortgage Rates, Fees & Info
Travelers Rest, SCLEI: 2549000A72B92T5BS479
Tax ID: 57-0282578
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Travelers Rest is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Travelers Rest has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Spartanburg, Charleston, Seneca, and Charlotte among others. We have data for 8 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.
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Originations
222Origination Dollar Volume (All Markets)
$70,890,000Top 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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 196 | $62,210,000 | $317,398 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 16 | $2,410,000 | $150,625 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $2,310,000 | $1,155,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 222 | $70,890,000 | $319,324 | $0 | 0.00% |
For 2022, Bank Of Travelers Rest's most frequently originated type of loan was Conventional, with 222 originations.
Loan Reason
For 2022, Bank Of Travelers Rest's most frequently cited loan purpose was Home Purchase, with 135 originations. The 2nd most popular reason was Refi, with 50 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 222 | $70,890,000 | $319,324 | $0 | 0.00% |
For 2022, Bank Of Travelers Rest's most frequently cited loan duration was Other, with 222 originations.
Loan Sizing
2022 saw Bank Of Travelers Rest place emphasis on $100k-200k loans with 68 originations, totaling $9,690,000 in origination value.
Applicant Income
Bank Of Travelers Rest lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $150k-250k, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 222 | $70,890,000 | $319,324 | $0 | 0.00% |
Bank Of Travelers Rest lent most frequently to those with DTI ratios of Exempt%, with 222 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.78%
Bank Of Travelers Rest has an average approval rate.
Pick Rate
Approvals leading to origination77.48%
Bank Of Travelers Rest has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 222 | $70,890,000 | $319,324 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF NEW YORK MELLON CORPORATION, THE | Reverse mortgage | Struggling to pay mortgage | 1 | 100.0% |