First Southern Bank Mortgage Rates, Fees & Info
Florence, ALLEI: 254900P4A09O6AABF892
Tax ID: 63-0074813
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Mortgage Data
Review & Overview
First Southern Bank is a smaller bank specializing in Home Purchase and Refi loans. First Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Florence, Sevierville, Daphne, Albertville, and Fort Payne among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)First Southern 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
76Origination Dollar Volume (All Markets)
$24,480,000Top 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 |
|---|---|---|---|---|---|
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 48 | $12,140,000 | $252,917 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 3 | $3,035,000 | $1,011,667 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $1,570,000 | $785,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 3 | $1,395,000 | $465,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 7 | $1,235,000 | $176,429 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $815,000 | $815,000 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Helena-West Helena, AR (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $315,000 | $315,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Martin, TN (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 | 76 | $24,480,000 | $322,105 | $0 | 0.00% |
For 2023, First Southern Bank's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
For 2023, First Southern Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Cash Out Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $24,480,000 | $322,105 | $0 | 0.00% |
For 2023, First Southern Bank's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2023 saw First Southern Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,490,000 in origination value.
Applicant Income
First Southern Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $24,480,000 | $322,105 | $0 | 0.00% |
First Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.93%
First Southern Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.26%
First Southern Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $24,480,000 | $322,105 |