One Bank Of Tennessee Mortgage Rates, Fees & Info

Cookeville, TN

LEI: 254900DGJQT6H4M24F92

Tax ID: 62-1619339

5 stars - Updated: 12/1/23

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

One Bank Of Tennessee is a smaller bank specializing in Home Purchase and Refi loans. One Bank Of Tennessee has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Knoxville, Lexington, Clarksville, and Morristown among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

One Bank Of Tennessee 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. One Bank Of Tennessee is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	5.15%	12/1/23
30 Year Conventional Refi	5.91%	12/1/23
15 Year Conventional Purchase	6.30%	12/1/23
15 Year Conventional Refi	6.47%	12/1/23
15 Year Cash-out Refi	6.47%	12/1/23
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

One Bank Of Tennessee Mortgage Calculator

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This is not an official calculator from One Bank Of Tennessee. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

749

Origination Dollar Volume (All Markets)

$168,385,000

Relative Rate

One Bank Of Tennessee's average 30 year fixed mortgage rate was 3.91%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.85%.

Relative Fees (Closing Costs)

One Bank Of Tennessee's average total fees/closing costs for a 30 year fixed rate mortgage were $933.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

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
Outside of Metro Areas	633	$122,205,000	$193,057	$1,280	5.19%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	31	$27,475,000	$886,290	$3,388	4.81%
KNOXVILLE, TN (FHA\|USDA\|VA)	79	$14,605,000	$184,873	$1,310	5.32%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	1	$2,955,000	$2,955,000	$0	4.35%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$385,000	$385,000	$0	4.95%
MORRISTOWN, TN (FHA\|USDA\|VA)	2	$380,000	$190,000	$1,170	5.27%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	2	$380,000	$190,000	$2,317	4.85%

One Bank Of Tennessee's top markets include Nashville, Knoxville, Lexington, Clarksville, and Morristown among others.

Their top states include:

Tennessee (FHA|USDA|VA)

Kentucky (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	749	$168,385,000	$224,813	$1,331	5.19%

For 2022, One Bank Of Tennessee's most frequently originated type of loan was Conventional, with 749 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	342	$92,470,000	$270,380	$1,971	5.12%
Refi	321	$68,155,000	$212,321	$896	5.09%
Other	47	$5,235,000	$111,383	$1,278	5.66%
Home Improvement	39	$2,525,000	$64,744	$1,122	6.09%

For 2022, One Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 342 originations. The 2nd most popular reason was Refi, with 321 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	275	$46,045,000	$167,436	$1,308	5.65%
5 Year	157	$64,405,000	$410,223	$1,359	5.02%
15 Year	145	$18,745,000	$129,276	$1,248	4.90%
20 Year	62	$12,780,000	$206,129	$1,589	4.87%
10 Year	44	$7,990,000	$181,591	$1,098	4.43%
1 Year	44	$11,850,000	$269,318	$2,052	5.11%
3 Year	13	$3,405,000	$261,923	$849	5.82%
30 Year	9	$3,165,000	$351,667	$933	3.91%

For 2022, One Bank Of Tennessee's most frequently cited loan duration was Other, with 275 originations. The 2nd most popular length was 5 Year, with 157 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	324	$41,410,000	$127,809
$1k-2k	108	$24,830,000	$229,907
$2k-3k	20	$6,260,000	$313,000
$3k-4k	2	$550,000	$275,000
$5k+	2	$3,310,000	$1,655,000

One Bank Of Tennessee's average total fees were $933, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 324 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	214	$54,820,000	$256,168
5-6%	198	$37,330,000	$188,535
3-4%	166	$44,440,000	$267,711
6-7%	116	$14,100,000	$121,552
7-8%	40	$2,380,000	$59,500
Over 8%	12	$650,000	$54,167
2.5-3%	3	$14,665,000	$4,888,333

During 2022, One Bank Of Tennessee's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 4-5%, with 214 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	277	$16,265,000	$58,718	$910	5.74%
$100k-200k	253	$36,865,000	$145,711	$1,296	4.98%
$200k-400k	138	$37,040,000	$268,406	$1,781	4.77%
$400k-600k	44	$20,860,000	$474,091	$2,465	4.83%
$600k-1MM	21	$15,895,000	$756,905	$1,645	4.57%
$1MM+	16	$41,460,000	$2,591,250	$8,431	4.28%

2022 saw One Bank Of Tennessee place emphasis on $100,000 or less loans with 277 originations, totaling $16,265,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	156	$18,050,000	$115,705	$1,152	5.41%
$50k or less	130	$11,430,000	$87,923	$1,216	5.63%
$100k-150k	110	$18,380,000	$167,091	$1,556	5.25%
$75k-100k	100	$15,220,000	$152,200	$1,211	5.25%
$250k+	94	$30,700,000	$326,596	$2,428	4.75%
$150k-250k	68	$15,500,000	$227,941	$1,574	4.94%

One Bank Of Tennessee lent most frequently to those with incomes in the $50k-75k range, with 156 originations. The second most popular income band? $50k or less, with 130 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	127	$17,715,000	$139,488	$1,136	5.27%
<20%	121	$12,625,000	$104,339	$1,108	5.12%
30-36%	98	$17,160,000	$175,102	$1,429	5.26%
39%	16	$2,660,000	$166,250	$1,303	5.64%
41%	14	$3,170,000	$226,429	$1,647	5.27%
50-60%	14	$7,510,000	$536,429	$3,002	4.65%
38%	14	$2,600,000	$185,714	$2,137	5.41%
36%	13	$2,755,000	$211,923	$1,366	4.92%
40%	12	$2,100,000	$175,000	$1,559	4.90%
42%	11	$1,685,000	$153,182	$2,084	5.23%
37%	9	$1,615,000	$179,444	$1,043	5.28%
43%	5	$525,000	$105,000	$1,577	6.02%
>60%	4	$950,000	$237,500	$884	4.71%
47%	3	$625,000	$208,333	$1,772	4.66%
44%	3	$705,000	$235,000	$2,032	6.25%
46%	2	$510,000	$255,000	$292	4.68%
49%	1	$355,000	$355,000	$3,257	4.15%
45%	1	$145,000	$145,000	$1,100	5.29%

One Bank Of Tennessee lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? <20%, with 121 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	669	$113,065,000	$169,006	$1,321	5.24%
Not applicable	73	$53,095,000	$727,329	$0	4.72%
Asian	5	$1,975,000	$395,000	$2,893	4.50%
Black	2	$250,000	$125,000	$0	5.02%

Approval Rates

Total approvals of all applications
97.26%

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 origination
95.73%

One Bank Of Tennessee 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
NA	749	$168,385,000	$224,813

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	749	$168,385,000	$224,813

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	157	$16,975,000	$108,121	$947	5.31%
40-60%	153	$22,295,000	$145,719	$1,308	5.09%
60-80%	226	$66,630,000	$294,823	$1,575	5.08%
80-100%	148	$54,410,000	$367,635	$1,949	5.07%
Over 100%	1	$525,000	$525,000	$0	4.65%
Under 20%	64	$7,550,000	$117,969	$753	5.78%