Powell Valley National Bank Mortgage Rates, Fees & Info
Jonesville, VALEI: 254900GBKSHEUZ4PGG08
Tax ID: 54-0345618
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Powell Valley National Bank is a smaller bank specializing in Home Purchase loans. Powell Valley National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kingsport, Big Stone Gap, Morristown, Johnson City, and Sevierville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Powell Valley National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
124Origination Dollar Volume (All Markets)
$22,250,000Top 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 |
|---|---|---|---|---|---|
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 49 | $10,825,000 | $220,918 | $0 | 0.00% |
| Outside of Metro Areas | 28 | $3,800,000 | $135,714 | $0 | 0.00% |
| Big Stone Gap, VA (FHA|USDA|VA) | 30 | $3,060,000 | $102,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 4 | $1,960,000 | $490,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 8 | $1,620,000 | $202,500 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 124 | $22,250,000 | $179,435 | $0 | 0.00% |
For 2023, Powell Valley National Bank's most frequently originated type of loan was Conventional, with 124 originations.
Loan Reason
For 2023, Powell Valley National Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Other, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 124 | $22,250,000 | $179,435 | $0 | 0.00% |
For 2023, Powell Valley National Bank's most frequently cited loan duration was Other, with 124 originations.
Loan Sizing
2023 saw Powell Valley National Bank place emphasis on $100,000 or less loans with 59 originations, totaling $3,255,000 in origination value.
Applicant Income
Powell Valley National Bank lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $50k or less, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 124 | $22,250,000 | $179,435 | $0 | 0.00% |
Powell Valley National Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.55%
Powell Valley National Bank has an average approval rate.
Pick Rate
Approvals leading to origination83.06%
Powell Valley National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 124 | $22,250,000 | $179,435 |