First State Bank Of The Southeast Mortgage Rates, Fees & Info
MIDDLESBORO, KYLEI: 254900KPOZQ8VODWDS72
Tax ID: 61-0192880
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Mortgage Data
Review & Overview
First State Bank Of The Southeast is a smaller bank specializing in Home Purchase and Refi loans. First State Bank Of The Southeast has a high proportion of conventional loans. Their top markets by origination volume include: Lexington, London, Middlesborough, Richmond, and Sevierville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank Of The Southeast 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
164Origination Dollar Volume (All Markets)
$43,420,000Top 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 |
|---|---|---|---|---|---|
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 47 | $17,805,000 | $378,830 | $0 | 0.00% |
| London, KY (FHA|USDA|VA) | 31 | $7,315,000 | $235,968 | $0 | 0.00% |
| Outside of Metro Areas | 30 | $6,750,000 | $225,000 | $0 | 0.00% |
| Middlesborough, KY (FHA|USDA|VA) | 32 | $4,700,000 | $146,875 | $0 | 0.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 7 | $1,845,000 | $263,571 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $0 | 0.00% |
| Danville, KY (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| Frankfort, KY (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $43,420,000 | $264,756 | $0 | 0.00% |
For 2022, First State Bank Of The Southeast's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2022, First State Bank Of The Southeast's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $43,420,000 | $264,756 | $0 | 0.00% |
For 2022, First State Bank Of The Southeast's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2022 saw First State Bank Of The Southeast place emphasis on $100k-200k loans with 51 originations, totaling $7,435,000 in origination value.
Applicant Income
First State Bank Of The Southeast lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $50k-75k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $43,420,000 | $264,756 | $0 | 0.00% |
First State Bank Of The Southeast lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.56%
First State Bank Of The Southeast has an average approval rate.
Pick Rate
Approvals leading to origination68.90%
First State Bank Of The Southeast has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $43,420,000 | $264,756 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |