Persons Banking Company Mortgage Rates, Fees & Info

Forsyth, GA

LEI: 25490042U20KHEG3IS24

Tax ID: 58-0239220

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

Review & Overview

Persons Banking Company is a smaller bank specializing in Refi and Home Purchase loans. Persons Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Warner Robins, and Macon among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Persons Banking Company 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

108

Origination Dollar Volume (All Markets)

$15,590,000

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
Outside of Metro Areas	42	$4,840,000	$115,238	$0	0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	22	$4,280,000	$194,545	$0	0.00%
WARNER ROBINS, GA (FHA\|USDA\|VA)	23	$3,395,000	$147,609	$0	0.00%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	21	$3,075,000	$146,429	$0	0.00%

Persons Banking Company's top markets include Atlanta, Warner Robins, and Macon among others.

Their top states include:

Georgia (FHA|USDA|VA)

(FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	108	$15,590,000	$144,352	$0	0.00%

For 2018, Persons Banking Company's most frequently originated type of loan was Conventional, with 108 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	67	$9,685,000	$144,552	$0	0.00%
Home Purchase	35	$5,735,000	$163,857	$0	0.00%
Home Improvement	3	$65,000	$21,667	$0	0.00%
Other	3	$105,000	$35,000	$0	0.00%

For 2018, Persons Banking Company's most frequently cited loan purpose was Refi, with 67 originations. The 2nd most popular reason was Home Purchase, with 35 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	108	$15,590,000	$144,352	$0	0.00%

For 2018, Persons Banking Company's most frequently cited loan duration was Other, with 108 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	68	$3,130,000	$46,029	$0	0.00%
$100k-200k	21	$2,945,000	$140,238	$0	0.00%
$200k-400k	9	$2,795,000	$310,556	$0	0.00%
$400k-600k	6	$2,900,000	$483,333	$0	0.00%
$600k-1MM	3	$2,105,000	$701,667	$0	0.00%
$1MM+	1	$1,715,000	$1,715,000	$0	0.00%

2018 saw Persons Banking Company place emphasis on $100,000 or less loans with 68 originations, totaling $3,130,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	21	$1,115,000	$53,095	$0	0.00%
$50k-75k	16	$1,270,000	$79,375	$0	0.00%
$75k-100k	16	$1,310,000	$81,875	$0	0.00%
$100k-150k	12	$2,450,000	$204,167	$0	0.00%
$150k-250k	9	$1,245,000	$138,333	$0	0.00%
$250k+	1	$595,000	$595,000	$0	0.00%

Persons Banking Company lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $50k-75k, with 16 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	108	$15,590,000	$144,352	$0	0.00%

Persons Banking Company lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	32	$7,480,000	$233,750	$0	0.00%
White	60	$6,310,000	$105,167	$0	0.00%
Black	14	$1,690,000	$120,714	$0	0.00%
Asian Indian	1	$65,000	$65,000	$0	0.00%
Not provided	1	$45,000	$45,000	$0	0.00%

Approval Rates

Total approvals of all applications
84.24%

Persons Banking Company has a below average approval rate.

Pick Rate

Approvals leading to origination
73.15%

Persons Banking Company has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	108	$15,590,000	$144,352

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$535,000	$535,000
Multifamily:Site-Built	7	$4,195,000	$599,286
Single Family (1-4 Units):Manufactured	11	$485,000	$44,091
Single Family (1-4 Units):Site-Built	89	$10,375,000	$116,573

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
Paris and Paris, LLP	Conventional home mortgage	Trouble during payment process	1	100.0%