One Bank Of Tennessee Mortgage Rates, Fees & Info
Cookeville, TNLEI: 254900DGJQT6H4M24F92
Tax ID: 62-1619339
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Mortgage Data
Review & 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 by origination volume include: Knoxville, Nashville, Morristown, Sevierville, and Chattanooga among others. We have data for 8 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.15% | 4/18/24 |
| 30 Year Conventional Refi | 5.91% | 4/18/24 |
| 15 Year Conventional Purchase | 6.30% | 4/18/24 |
| 15 Year Conventional Refi | 6.47% | 4/18/24 |
| 15 Year Cash-out Refi | 6.47% | 4/18/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
718Origination Dollar Volume (All Markets)
$123,820,000Top 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 | 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% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 707 | $122,335,000 | $173,034 | $0 | 0.00% |
| USDA | 11 | $1,485,000 | $135,000 | $0 | 0.00% |
For 2021, One Bank Of Tennessee's most frequently originated type of loan was Conventional, with 707 originations. Their 2nd most popular type was USDA, with 11 originations.
Loan Reason
For 2021, One Bank Of Tennessee's most frequently cited loan purpose was Refi, with 361 originations. The 2nd most popular reason was 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 2021, One Bank Of Tennessee's most frequently cited loan duration was Other, with 718 originations.
Loan Sizing
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
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
Approval Rates
Total approvals of all applications97.68%
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 origination94.71%
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 |