Bank Of Madison Mortgage Rates, Fees & Info
MADISON, GALEI: 2549006SH1GKAA6QVG47
Tax ID: 58-0152950
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Madison is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Madison has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Athens, Brunswick, Milledgeville, and Daphne among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Madison 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
53Origination Dollar Volume (All Markets)
$25,865,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 15 | $12,865,000 | $857,667 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 28 | $7,810,000 | $278,929 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 6 | $2,920,000 | $486,667 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $25,865,000 | $488,019 | $0 | 0.00% |
For 2023, Bank Of Madison's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 33 | $17,505,000 | $530,455 | $0 | 0.00% |
| Refi | 18 | $8,000,000 | $444,444 | $0 | 0.00% |
| Home Improvement | 2 | $360,000 | $180,000 | $0 | 0.00% |
For 2023, Bank Of Madison's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $25,865,000 | $488,019 | $0 | 0.00% |
For 2023, Bank Of Madison's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2023 saw Bank Of Madison place emphasis on $100k-200k loans with 13 originations, totaling $1,885,000 in origination value.
Applicant Income
Bank Of Madison lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $25,865,000 | $488,019 | $0 | 0.00% |
Bank Of Madison lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.45%
Bank Of Madison has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.13%
Bank Of Madison has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $25,865,000 | $488,019 |