Southeast First National Bank Mortgage Rates, Fees & Info
SUMMERVILLE, GALEI: 2549006WPD8JIY1AFO12
Tax ID: 58-1029074
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Mortgage Data
Review & Overview
Southeast First National Bank is a smaller bank specializing in Refi and Home Purchase loans. Southeast First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Summerville, Rome, Panama City, Calhoun, and Atlanta among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Southeast First National Bank has an above average approval rate when compared to the average across all lenders.
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Originations
32Origination Dollar Volume (All Markets)
$3,460,000Top 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 |
|---|---|---|---|---|---|
| Summerville, GA (FHA|USDA|VA) | 27 | $2,085,000 | $77,222 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $165,000 | $165,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $3,460,000 | $108,125 | $0 | 0.00% |
For 2019, Southeast First National Bank's most frequently originated type of loan was Conventional, with 32 originations.
Loan Reason
For 2019, Southeast First National Bank's most frequently cited loan purpose was Refi, with 13 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 32 | $3,460,000 | $108,125 | $0 | 0.00% |
For 2019, Southeast First National Bank's most frequently cited loan duration was Other, with 32 originations.
Loan Sizing
2019 saw Southeast First National Bank place emphasis on $100,000 or less loans with 21 originations, totaling $865,000 in origination value.
Applicant Income
Southeast First National Bank lent most frequently to those with incomes in the $50k or less range, with 12 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 32 | $3,460,000 | $108,125 | $0 | 0.00% |
Southeast First National Bank lent most frequently to those with DTI ratios of Exempt%, with 32 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 32 | $3,460,000 | $108,125 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Southeast First National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 32 | $3,460,000 | $108,125 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $115,000 | $38,333 |
| Single Family (1-4 Units):Site-Built | 29 | $3,345,000 | $115,345 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Southwest Business Corporation | VA mortgage | Trouble during payment process | 1 | 12.5% |
| Southwest Business Corporation | VA mortgage | Closing on a mortgage | 1 | 12.5% |
| Southwest Business Corporation | VA mortgage | Struggling to pay mortgage | 3 | 37.5% |
| Southwest Business Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 12.5% |
| Southwest Business Corporation | Conventional home mortgage | Trouble during payment process | 1 | 12.5% |
| Southwest Business Corporation | Conventional home mortgage | Struggling to pay mortgage | 1 | 12.5% |