North Alabama Bank Mortgage Rates, Fees & Info

Hazel Green, AL

LEI: 254900Z8HZ6PMY4EY406

Tax ID: 63-1000390

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

Jump to:

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

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

    North Alabama 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.

    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

    43

    Origination Dollar Volume (All Markets)

    $7,115,000

    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
    HUNTSVILLE, AL (FHA|USDA|VA) 30 $4,710,000 $157,000 $0 0.00%
    Outside of Metro Areas 11 $1,685,000 $153,182 $0 0.00%
    DECATUR, AL (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
    Albertville, AL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    North Alabama Bank's top markets include Huntsville, Decatur, and Albertville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $7,115,000 $165,465 $0 0.00%

    For 2023, North Alabama Bank's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $5,340,000 $166,875 $0 0.00%
    Refi 9 $1,685,000 $187,222 $0 0.00%
    Home Improvement 1 $55,000 $55,000 $0 0.00%
    Cash Out Refi 1 $35,000 $35,000 $0 0.00%

    For 2023, North Alabama Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 43 $7,115,000 $165,465 $0 0.00%

    For 2023, North Alabama Bank's most frequently cited loan duration was Other, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 18 $2,590,000 $143,889 $0 0.00%
    $100,000 or less 13 $685,000 $52,692 $0 0.00%
    $200k-400k 8 $1,970,000 $246,250 $0 0.00%
    $400k-600k 4 $1,870,000 $467,500 $0 0.00%

    2023 saw North Alabama Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 9 $1,005,000 $111,667 $0 0.00%
    $75k-100k 8 $1,150,000 $143,750 $0 0.00%
    $50k or less 6 $1,090,000 $181,667 $0 0.00%
    $100k-150k 2 $240,000 $120,000 $0 0.00%
    $250k+ 2 $160,000 $80,000 $0 0.00%
    $150k-250k 1 $245,000 $245,000 $0 0.00%

    North Alabama Bank lent most frequently to those with incomes in the $50k-75k range, with 9 originations. The second most popular income band? $75k-100k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 43 $7,115,000 $165,465 $0 0.00%

    North Alabama Bank lent most frequently to those with DTI ratios of Exempt%, with 43 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 28 $3,890,000 $138,929 $0 0.00%
    Not applicable 15 $3,225,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.33%

    North Alabama Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.67%

    North Alabama Bank 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 43 $7,115,000 $165,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    43 $7,115,000 $165,465