Oconee State Bank Mortgage Rates, Fees & Info
Watkinsville, GALEI: 254900OPB6J0NM26JY33
Tax ID: 58-0827782
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Mortgage Data
Review & Overview
Oconee State Bank is a smaller bank specializing in Home Purchase loans. Oconee State Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Athens, Atlanta, Jefferson, Macon, and Gainesville among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Oconee State 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
173Origination Dollar Volume (All Markets)
$58,945,000Top 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 |
|---|---|---|---|---|---|
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 104 | $39,070,000 | $375,673 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 28 | $8,430,000 | $301,071 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 11 | $3,005,000 | $273,182 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $2,205,000 | $315,000 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 169 | $57,985,000 | $343,107 | $0 | 0.00% |
| FHA | 3 | $695,000 | $231,667 | $0 | 0.00% |
| VA | 1 | $265,000 | $265,000 | $0 | 0.00% |
For 2022, Oconee State Bank's most frequently originated type of loan was Conventional, with 169 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2022, Oconee State Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 173 | $58,945,000 | $340,723 | $0 | 0.00% |
For 2022, Oconee State Bank's most frequently cited loan duration was Other, with 173 originations.
Loan Sizing
2022 saw Oconee State Bank place emphasis on $200k-400k loans with 93 originations, totaling $25,795,000 in origination value.
Applicant Income
Oconee State Bank lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $50k-75k, with 27 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 173 | $58,945,000 | $340,723 | $0 | 0.00% |
Oconee State Bank lent most frequently to those with DTI ratios of Exempt%, with 173 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.52%
Oconee State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.86%
Oconee State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 173 | $58,945,000 | $340,723 |