One Bank Of Tennessee Mortgage Rates, Fees & Info

Cookeville, TN

LEI: 254900DGJQT6H4M24F92

Tax ID: 62-1619339

5 stars - out of 5 stars, based on 27 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.15% 3/24/23
    30 Year Conventional Refi 5.91% 3/24/23
    15 Year Conventional Purchase 6.30% 3/24/23
    15 Year Conventional Refi 6.47% 3/24/23
    15 Year Cash-out Refi 6.47% 3/24/23
    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.


    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%