One Bank Of Tennessee Mortgage Rates, Fees & Info
Cookeville, TNLEI: 254900DGJQT6H4M24F92
Tax ID: 62-1619339
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
One Bank Of Tennessee is a smaller bank specializing in Refi and Home Purchase loans. One Bank Of Tennessee has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Knoxville, Nashville, Morristown, Sevierville, and Chattanooga among others. One Bank Of Tennessee has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.Originations
718Origination Dollar Volume (All Markets)
$123,820,000Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Outside of Metro Areas | 610 | $94,200,000 | $154,426 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 88 | $16,640,000 | $189,091 | $0 | 0.00% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 14 | $11,050,000 | $789,286 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
One Bank Of Tennessee's top markets include Knoxville, Nashville, Morristown, Sevierville, and Chattanooga among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 707 | $122,335,000 | $173,034 | $0 | 0.00% |
| USDA | 11 | $1,485,000 | $135,000 | $0 | 0.00% |
For the 2021 period, One Bank Of Tennessee's most frequently originated loan type of loans were Conventional, with 707 originations. Their 2nd most popular type is USDA, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 361 | $49,995,000 | $138,490 | $0 | 0.00% |
| Home Purchase | 299 | $68,735,000 | $229,883 | $0 | 0.00% |
| Other | 33 | $3,595,000 | $108,939 | $0 | 0.00% |
| Home Improvement | 25 | $1,495,000 | $59,800 | $0 | 0.00% |
For the 2021, One Bank Of Tennessee's most frequently cited loan purpose of loans were Refi, with 361 originations. The 2nd most popular reason of loans were Home Purchase, with 299 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 718 | $123,820,000 | $172,451 | $0 | 0.00% |
For the 2021, One Bank Of Tennessee's most frequently cited loan length of loans were Other, with 718 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 308 | $17,800,000 | $57,792 | $0 | 0.00% |
| $100k-200k | 237 | $34,585,000 | $145,928 | $0 | 0.00% |
| $200k-400k | 127 | $34,705,000 | $273,268 | $0 | 0.00% |
| $400k-600k | 28 | $13,350,000 | $476,786 | $0 | 0.00% |
| $600k-1MM | 11 | $7,925,000 | $720,455 | $0 | 0.00% |
| $1MM+ | 7 | $15,455,000 | $2,207,857 | $0 | 0.00% |
2021 saw One Bank Of Tennessee place emphasis on $100,000 or less loans with 308 originations, totaling $17,800,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k or less | 148 | $11,820,000 | $79,865 | $0 | 0.00% |
| $50k-75k | 136 | $14,640,000 | $107,647 | $0 | 0.00% |
| $100k-150k | 113 | $20,145,000 | $178,274 | $0 | 0.00% |
| $75k-100k | 109 | $15,325,000 | $140,596 | $0 | 0.00% |
| $250k+ | 68 | $23,700,000 | $348,529 | $0 | 0.00% |
| $150k-250k | 61 | $12,265,000 | $201,066 | $0 | 0.00% |
One Bank Of Tennessee lent most frequently to those with incomes in the $50k or less range, with 148 originations. The second most popular income band? $50k-75k, with 136 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 718 | $123,820,000 | $172,451 | $0 | 0.00% |
One Bank Of Tennessee lent most frequently to those with DTI ratios of Exempt%, with 718 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 645 | $99,695,000 | $154,566 | $0 | 0.00% |
| Not applicable | 63 | $21,855,000 | $346,905 | $0 | 0.00% |
| Asian | 5 | $1,545,000 | $309,000 | $0 | 0.00% |
| Black | 3 | $475,000 | $158,333 | $0 | 0.00% |
| American Indian | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Native Hawaiian | 1 | $55,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications96.99%
One Bank Of Tennessee has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.35%
One Bank Of Tennessee has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 718 | $123,820,000 | $172,451 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 718 | $123,820,000 | $172,451 |
