Great Oaks Bank Mortgage Rates, Fees & Info
Eastman, GALEI: 254900LW4R4AM7URY378
Tax ID: 58-0192860
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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, Hinesville, Chattanooga, Warner Robins, and Albany among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Great Oaks Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
64Origination Dollar Volume (All Markets)
$13,400,000Top 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) | 12 | $7,110,000 | $592,500 | $0 | 0.00% |
| Outside of Metro Areas | 40 | $3,240,000 | $81,000 | $0 | 0.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Dublin, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $13,400,000 | $209,375 | $0 | 0.00% |
For 2023, Great Oaks Bank's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2023, Great Oaks Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $13,400,000 | $209,375 | $0 | 0.00% |
For 2023, Great Oaks Bank's most frequently cited loan duration was Other, with 64 originations.
Loan Sizing
2023 saw Great Oaks Bank place emphasis on $100,000 or less loans with 34 originations, totaling $1,650,000 in origination value.
Applicant Income
Great Oaks Bank lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 64 | $13,400,000 | $209,375 | $0 | 0.00% |
Great Oaks Bank lent most frequently to those with DTI ratios of Exempt%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.34%
Great Oaks Bank has a below average approval rate.
Pick Rate
Approvals leading to origination90.63%
Great Oaks Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 64 | $13,400,000 | $209,375 |