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
Jump to:
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, Milledgeville, and Valdosta among others. We have data for 5 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 an above average pick rate when compared to similar lenders.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
63Origination Dollar Volume (All Markets)
$10,045,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 47 | $6,065,000 | $129,043 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,805,000 | $400,714 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 7 | $945,000 | $135,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| VALDOSTA, 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 | 63 | $10,045,000 | $159,444 | $0 | 0.00% |
For 2018, Bank Of Madison's most frequently originated type of loan was Conventional, with 63 originations.
Loan Reason
For 2018, Bank Of Madison's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 63 | $10,045,000 | $159,444 | $0 | 0.00% |
For 2018, Bank Of Madison's most frequently cited loan duration was Other, with 63 originations.
Loan Sizing
2018 saw Bank Of Madison place emphasis on $100,000 or less loans with 34 originations, totaling $2,060,000 in origination value.
Applicant Income
Bank Of Madison lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 63 | $10,045,000 | $159,444 | $0 | 0.00% |
Bank Of Madison lent most frequently to those with DTI ratios of Exempt%, with 63 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.67%
Bank Of Madison has an average approval rate.
Pick Rate
Approvals leading to origination92.06%
Bank Of Madison has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 63 | $10,045,000 | $159,444 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |