One Bank Of Tennessee Mortgage Rates, Fees & Info

Cookeville, TN

LEI: 254900DGJQT6H4M24F92

Tax ID: 62-1619339

2021 Data | 2020 Data | 2019 Data | 2018 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

718

Origination Dollar Volume (All Markets)

$123,820,000

Top 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 applications
96.99%

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 origination
94.35%

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