Exchange Bank Mortgage Rates, Fees & Info
Milledgeville, GALEI: 5493000I54FJ7EG6WZ24
Tax ID: 58-0237890
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Exchange Bank is a smaller bank specializing in Refi and Home Purchase loans. Exchange Bank has a high proportion of conventional loans. Their top markets by origination volume include: Milledgeville, Macon, Atlanta, Lagrange, and Athens among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Exchange Bank has an 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
80Origination Dollar Volume (All Markets)
$22,290,000Top 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 |
|---|---|---|---|---|---|
| Milledgeville, GA (FHA|USDA|VA) | 38 | $6,460,000 | $170,000 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $6,075,000 | $467,308 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 15 | $2,575,000 | $171,667 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $2,275,000 | $758,333 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 80 | $22,290,000 | $278,625 | $0 | 0.00% |
For 2024, Exchange Bank's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2024, Exchange Bank's most frequently cited loan purpose was Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 80 | $22,290,000 | $278,625 | $0 | 0.00% |
For 2024, Exchange Bank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2024 saw Exchange Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,590,000 in origination value.
Applicant Income
Exchange Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $250k+, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 80 | $22,290,000 | $278,625 | $0 | 0.00% |
Exchange Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications82.81%
Exchange Bank has a below average approval rate.
Pick Rate
Approvals leading to origination67.50%
Exchange Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 80 | $22,290,000 | $278,625 |