Decatur County Bank Mortgage Rates, Fees & Info

Decaturville, TN

LEI: 254900S61OCEX8MXZI58

Tax ID: 62-0179380

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Decatur County Bank is a smaller bank specializing in Home Purchase and Refi loans. Decatur County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, West Point, and Brownsville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Decatur County Bank has an 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.

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    Originations

    40

    Origination Dollar Volume (All Markets)

    $7,720,000

    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
    JACKSON, TN (FHA|USDA|VA) 20 $5,730,000 $286,500 $0 0.00%
    Outside of Metro Areas 15 $1,685,000 $112,333 $0 0.00%
    West Point, MS (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Brownsville, TN (FHA|USDA|VA) 4 $140,000 $35,000 $0 0.00%
    Decatur County Bank's top markets include Jackson, West Point, and Brownsville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $7,720,000 $193,000 $0 0.00%

    For 2024, Decatur County Bank's most frequently originated type of loan was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 22 $4,700,000 $213,636 $0 0.00%
    Refi 12 $2,820,000 $235,000 $0 0.00%
    Home Improvement 6 $200,000 $33,333 $0 0.00%

    For 2024, Decatur County Bank's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $7,720,000 $193,000 $0 0.00%

    For 2024, Decatur County Bank's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $875,000 $51,471 $0 0.00%
    $100k-200k 14 $2,130,000 $152,143 $0 0.00%
    $200k-400k 5 $1,505,000 $301,000 $0 0.00%
    $400k-600k 2 $990,000 $495,000 $0 0.00%
    $1MM+ 1 $1,225,000 $1,225,000 $0 0.00%
    $600k-1MM 1 $995,000 $995,000 $0 0.00%

    2024 saw Decatur County Bank place emphasis on $100,000 or less loans with 17 originations, totaling $875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,075,000 $119,444 $0 0.00%
    $150k-250k 8 $2,000,000 $250,000 $0 0.00%
    $100k-150k 6 $320,000 $53,333 $0 0.00%
    $50k or less 5 $495,000 $99,000 $0 0.00%
    $250k+ 4 $2,480,000 $620,000 $0 0.00%
    $75k-100k 1 $25,000 $25,000 $0 0.00%

    Decatur County Bank lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $7,720,000 $193,000 $0 0.00%

    Decatur County Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 26 $5,280,000 $203,077 $0 0.00%
    Not applicable 7 $1,325,000 $189,286 $0 0.00%
    Asian 1 $565,000 $565,000 $0 0.00%
    Black 4 $410,000 $102,500 $0 0.00%
    Not provided 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.50%

    Decatur County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.00%

    Decatur County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $7,720,000 $193,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $7,720,000 $193,000