Great Oaks Bank Mortgage Rates, Fees & Info
Eastman, GALEI: 254900LW4R4AM7URY378
Tax ID: 58-0192860
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Great Oaks Bank is a smaller bank specializing in Home Purchase loans. Great Oaks Bank has a high proportion of conventional loans. Their top markets by origination volume include: Savannah, Warner Robins, Panama City, and Dublin among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Great Oaks Bank has an above 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
73Origination Dollar Volume (All Markets)
$22,595,000Top 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 |
|---|---|---|---|---|---|
| SAVANNAH, GA (FHA|USDA|VA) | 22 | $16,540,000 | $751,818 | $0 | 0.00% |
| Outside of Metro Areas | 47 | $5,025,000 | $106,915 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Dublin, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 73 | $22,595,000 | $309,521 | $0 | 0.00% |
For 2024, Great Oaks Bank's most frequently originated type of loan was Conventional, with 73 originations.
Loan Reason
For 2024, Great Oaks Bank's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 73 | $22,595,000 | $309,521 | $0 | 0.00% |
For 2024, Great Oaks Bank's most frequently cited loan duration was Other, with 73 originations.
Loan Sizing
2024 saw Great Oaks Bank place emphasis on $100,000 or less loans with 35 originations, totaling $1,685,000 in origination value.
Applicant Income
Great Oaks Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $250k+, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 73 | $22,595,000 | $309,521 | $0 | 0.00% |
Great Oaks Bank lent most frequently to those with DTI ratios of Exempt%, with 73 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.93%
Great Oaks Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.97%
Great Oaks Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 73 | $22,595,000 | $309,521 |