Bank Of Madison Mortgage Rates, Fees & Info
MADISON, GALEI: 2549006SH1GKAA6QVG47
Tax ID: 58-0152950
Latest/2024 | 2023 Data | 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, Savannah, Jacksonville, Athens, and Brunswick 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
42Origination Dollar Volume (All Markets)
$15,230,000Top 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 | 12 | $6,360,000 | $530,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 23 | $5,765,000 | $250,652 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $15,230,000 | $362,619 | $0 | 0.00% |
For 2024, Bank Of Madison's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 27 | $12,005,000 | $444,630 | $0 | 0.00% |
| Refi | 15 | $3,225,000 | $215,000 | $0 | 0.00% |
For 2024, Bank Of Madison's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $15,230,000 | $362,619 | $0 | 0.00% |
For 2024, Bank Of Madison's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2024 saw Bank Of Madison place emphasis on $100k-200k loans with 12 originations, totaling $1,900,000 in origination value.
Applicant Income
Bank Of Madison lent most frequently to those with incomes in the $75k-100k range, with 6 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $15,230,000 | $362,619 | $0 | 0.00% |
Bank Of Madison lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 22 | $7,960,000 | $361,818 | $0 | 0.00% |
| White | 20 | $7,270,000 | $363,500 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.96%
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 origination85.71%
Bank Of Madison has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $15,230,000 | $362,619 |