North Alabama Bank Mortgage Rates, Fees & Info
Hazel Green, ALLEI: 254900Z8HZ6PMY4EY406
Tax ID: 63-1000390
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Mortgage Data
Review & Overview
North Alabama Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Home Improvement loans. North Alabama Bank has a high proportion of conventional loans. Their top markets by origination volume include: Huntsville, Decatur, and Sevierville 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
52Origination Dollar Volume (All Markets)
$7,630,000Top 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 |
|---|---|---|---|---|---|
| HUNTSVILLE, AL (FHA|USDA|VA) | 39 | $6,105,000 | $156,538 | $0 | 0.00% |
| Outside of Metro Areas | 6 | $730,000 | $121,667 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 6 | $560,000 | $93,333 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 52 | $7,630,000 | $146,731 | $0 | 0.00% |
For 2019, North Alabama Bank's most frequently originated type of loan was Conventional, with 52 originations.
Loan Reason
For 2019, North Alabama Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 52 | $7,630,000 | $146,731 | $0 | 0.00% |
For 2019, North Alabama Bank's most frequently cited loan duration was Other, with 52 originations.
Loan Sizing
2019 saw North Alabama Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,500,000 in origination value.
Applicant Income
North Alabama Bank lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 52 | $7,630,000 | $146,731 | $0 | 0.00% |
North Alabama Bank lent most frequently to those with DTI ratios of Exempt%, with 52 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.15%
North Alabama Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.15%
North Alabama Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 52 | $7,630,000 | $146,731 |