The Conway National Bank Mortgage Rates, Fees & Info

Conway, SC

LEI: 2549008EFPQHWHJ5MO60

Tax ID: 57-0146256

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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

276

Origination Dollar Volume (All Markets)

$63,440,000

Top 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%
The Conway National Bank's top markets include Myrtle Beach, Georgetown, Hickory, Columbia, and Boone among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 139 $39,885,000 $286,942 $0 0.00%
    Refi 100 $19,300,000 $193,000 $0 0.00%
    Home Improvement 23 $2,475,000 $107,609 $0 0.00%
    Other 14 $1,780,000 $127,143 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $5,235,000 $58,820 $0 0.00%
    $100k-200k 83 $11,525,000 $138,855 $0 0.00%
    $200k-400k 62 $17,340,000 $279,677 $0 0.00%
    $400k-600k 26 $12,630,000 $485,769 $0 0.00%
    $600k-1MM 10 $7,210,000 $721,000 $0 0.00%
    $1MM+ 6 $9,500,000 $1,583,333 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 45 $5,675,000 $126,111 $0 0.00%
    $250k+ 32 $17,190,000 $537,188 $0 0.00%
    $50k or less 32 $3,240,000 $101,250 $0 0.00%
    $150k-250k 29 $6,375,000 $219,828 $0 0.00%
    $100k-150k 26 $4,710,000 $181,154 $0 0.00%
    $75k-100k 22 $3,570,000 $162,273 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 147 $31,845,000 $216,633 $0 0.00%
    Not applicable 88 $22,170,000 $251,932 $0 0.00%
    Not provided 27 $7,865,000 $291,296 $0 0.00%
    Black 10 $830,000 $83,000 $0 0.00%
    Asian 2 $560,000 $280,000 $0 0.00%
    Guamanian 1 $125,000 $125,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.86%

    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 origination
    99.28%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    276 $63,440,000 $229,855