Bank Of The Lowcountry Mortgage Rates, Fees & Info
Walterboro, SCLEI: 254900QQRCPCOBBNDA41
Tax ID: 57-0883963
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of The Lowcountry is a smaller bank specializing in Home Purchase and Refi loans. Bank Of The Lowcountry has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Hilton Head Island, Columbia, Orangeburg, and Forest City among others. We have data for 7 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.
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Originations
91Origination Dollar Volume (All Markets)
$41,565,000Top 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 |
|---|---|---|---|---|---|
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 28 | $24,560,000 | $877,143 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 24 | $10,420,000 | $434,167 | $0 | 0.00% |
| Outside of Metro Areas | 35 | $4,745,000 | $135,571 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| Forest City, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $41,565,000 | $456,758 | $0 | 0.00% |
For 2024, Bank Of The Lowcountry's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2024, Bank Of The Lowcountry's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $41,565,000 | $456,758 | $0 | 0.00% |
For 2024, Bank Of The Lowcountry's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2024 saw Bank Of The Lowcountry place emphasis on $100,000 or less loans with 22 originations, totaling $1,240,000 in origination value.
Applicant Income
Bank Of The Lowcountry lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $41,565,000 | $456,758 | $0 | 0.00% |
Bank Of The Lowcountry lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.95%
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 origination96.70%
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 | 91 | $41,565,000 | $456,758 |