The Conway National Bank Mortgage Rates, Fees & Info
Conway, SCLEI: 2549008EFPQHWHJ5MO60
Tax ID: 57-0146256
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Conway National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Conway National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Myrtle Beach, Georgetown, Hickory, Columbia, and Boone among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)The Conway National Bank 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.
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Originations
276Origination Dollar Volume (All Markets)
$63,440,000Top 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 |
|---|---|---|---|---|---|
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 222 | $47,480,000 | $213,874 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 34 | $11,430,000 | $336,176 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $1,675,000 | $152,273 | $0 | 0.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 0.00% |
| Boone, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 276 | $63,440,000 | $229,855 | $0 | 0.00% |
For 2023, The Conway National Bank's most frequently originated type of loan was Conventional, with 276 originations.
Loan Reason
For 2023, The Conway National Bank's most frequently cited loan purpose was Home Purchase, with 139 originations. The 2nd most popular reason was Refi, with 100 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 276 | $63,440,000 | $229,855 | $0 | 0.00% |
For 2023, The Conway National Bank's most frequently cited loan duration was Other, with 276 originations.
Loan Sizing
2023 saw The Conway National Bank place emphasis on $100,000 or less loans with 89 originations, totaling $5,235,000 in origination value.
Applicant Income
The Conway National Bank lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $250k+, with 32 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 276 | $63,440,000 | $229,855 | $0 | 0.00% |
The Conway National Bank lent most frequently to those with DTI ratios of Exempt%, with 276 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.86%
The Conway 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 origination99.28%
The Conway National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 276 | $63,440,000 | $229,855 |