Bank Of The Lowcountry Mortgage Rates, Fees & Info
Walterboro, SCLEI: 254900QQRCPCOBBNDA41
Tax ID: 57-0883963
Latest/2023 | 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 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.
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Originations
102Origination Dollar Volume (All Markets)
$31,020,000Top 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) | 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% |
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
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
2023 saw Bank Of The Lowcountry place emphasis on $100k-200k loans with 30 originations, totaling $4,510,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications96.30%
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 origination98.04%
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 |