First Grayson Bank Mortgage Rates, Fees & Info
Grayson, KYLEI: 2549005B6S44QVVMBU11
Tax ID: 61-0208245
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Grayson Bank is a smaller bank specializing in Home Purchase and Refi loans. First Grayson Bank has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Mount Sterling, Louisville, Myrtle Beach, and The Villages among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Grayson Bank 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
184Origination Dollar Volume (All Markets)
$30,970,000Top 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 |
|---|---|---|---|---|---|
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 104 | $18,840,000 | $181,154 | $0 | 0.00% |
| Outside of Metro Areas | 72 | $8,970,000 | $124,583 | $0 | 0.00% |
| Mount Sterling, KY (FHA|USDA|VA) | 4 | $1,980,000 | $495,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Portsmouth, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 184 | $30,970,000 | $168,315 | $0 | 0.00% |
For 2022, First Grayson Bank's most frequently originated type of loan was Conventional, with 184 originations.
Loan Reason
For 2022, First Grayson Bank's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 184 | $30,970,000 | $168,315 | $0 | 0.00% |
For 2022, First Grayson Bank's most frequently cited loan duration was Other, with 184 originations.
Loan Sizing
2022 saw First Grayson Bank place emphasis on $100,000 or less loans with 101 originations, totaling $5,215,000 in origination value.
Applicant Income
First Grayson Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.48%
First Grayson Bank has a below average approval rate.
Pick Rate
Approvals leading to origination73.91%
First Grayson Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 184 | $30,970,000 | $168,315 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |