Bank Of The Lowcountry Mortgage Rates, Fees & Info

Walterboro, SC

LEI: 254900QQRCPCOBBNDA41

Tax ID: 57-0883963

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Bank Of The Lowcountry is a smaller bank specializing in Refi and Home Purchase loans. Bank Of The Lowcountry has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Hilton Head Island, Valdosta, Sevierville, and Asheville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of The Lowcountry has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

102

Origination Dollar Volume (All Markets)

$31,020,000

Top 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
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 39 $16,365,000 $419,615 $0 0.00%
Outside of Metro Areas 47 $8,005,000 $170,319 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 13 $4,355,000 $335,000 $0 0.00%
VALDOSTA, GA (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 0.00%
Sevierville, TN (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Bank Of The Lowcountry's top markets include Charleston, Hilton Head Island, Valdosta, Sevierville, and Asheville among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $31,020,000 $304,118 $0 0.00%

    For 2023, Bank Of The Lowcountry's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 48 $12,130,000 $252,708 $0 0.00%
    Home Purchase 46 $15,330,000 $333,261 $0 0.00%
    Other 6 $3,400,000 $566,667 $0 0.00%
    Cash Out Refi 2 $160,000 $80,000 $0 0.00%

    For 2023, Bank Of The Lowcountry's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $31,020,000 $304,118 $0 0.00%

    For 2023, Bank Of The Lowcountry's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 30 $4,510,000 $150,333 $0 0.00%
    $200k-400k 28 $7,090,000 $253,214 $0 0.00%
    $100,000 or less 21 $1,195,000 $56,905 $0 0.00%
    $600k-1MM 11 $7,435,000 $675,909 $0 0.00%
    $400k-600k 7 $3,355,000 $479,286 $0 0.00%
    $1MM+ 5 $7,435,000 $1,487,000 $0 0.00%

    2023 saw Bank Of The Lowcountry place emphasis on $100k-200k loans with 30 originations, totaling $4,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 15 $3,845,000 $256,333 $0 0.00%
    $150k-250k 14 $4,840,000 $345,714 $0 0.00%
    $50k-75k 14 $1,860,000 $132,857 $0 0.00%
    $75k-100k 13 $1,575,000 $121,154 $0 0.00%
    $250k+ 11 $8,705,000 $791,364 $0 0.00%
    $50k or less 8 $690,000 $86,250 $0 0.00%

    Bank Of The Lowcountry lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $150k-250k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $31,020,000 $304,118 $0 0.00%

    Bank Of The Lowcountry lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $20,530,000 $293,286 $0 0.00%
    Not applicable 27 $9,505,000 $352,037 $0 0.00%
    Asian 1 $715,000 $715,000 $0 0.00%
    Black 4 $270,000 $67,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.30%

    Bank Of The Lowcountry has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.04%

    Bank Of The Lowcountry has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $31,020,000 $304,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    102 $31,020,000 $304,118