Banktennessee Mortgage Rates, Fees & Info
Collierville, TNLEI: 549300095ABBENNWE160
Tax ID: 62-0201130
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Banktennessee is a smaller bank specializing in Home Purchase and Refi loans. Banktennessee has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Memphis, Cookeville, Tampa, and Chattanooga among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Banktennessee 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
133Origination Dollar Volume (All Markets)
$42,465,000Top 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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 34 | $18,260,000 | $537,059 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 45 | $11,855,000 | $263,444 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 4 | $5,380,000 | $1,345,000 | $0 | 0.00% |
| Outside of Metro Areas | 28 | $3,560,000 | $127,143 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 6 | $700,000 | $116,667 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Dyersburg, TN (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 133 | $42,465,000 | $319,286 | $0 | 0.00% |
For 2022, Banktennessee's most frequently originated type of loan was Conventional, with 133 originations.
Loan Reason
For 2022, Banktennessee's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 49 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 133 | $42,465,000 | $319,286 | $0 | 0.00% |
For 2022, Banktennessee's most frequently cited loan duration was Other, with 133 originations.
Loan Sizing
2022 saw Banktennessee place emphasis on $100k-200k loans with 46 originations, totaling $6,560,000 in origination value.
Applicant Income
Banktennessee lent most frequently to those with incomes in the $250k+ range, with 24 originations. The second most popular income band? $100k-150k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 133 | $42,465,000 | $319,286 | $0 | 0.00% |
Banktennessee lent most frequently to those with DTI ratios of Exempt%, with 133 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.33%
Banktennessee has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.97%
Banktennessee has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 133 | $42,465,000 | $319,286 |