Southerntrust Bank Mortgage Rates, Fees & Info
Goreville, ILLEI: 5493001ONS27RG5HKB81
Tax ID: 20-2862630
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Southerntrust Bank is a smaller bank specializing in Home Purchase, Refi, and Home Improvement loans. Southerntrust Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Carbondale, Boston, Orlando, Paducah, and Cape Girardeau among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Southerntrust Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
97Origination Dollar Volume (All Markets)
$17,305,000Top 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 |
|---|---|---|---|---|---|
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 82 | $13,700,000 | $167,073 | $0 | 0.00% |
| Outside of Metro Areas | 10 | $1,410,000 | $141,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 96 | $16,870,000 | $175,729 | $0 | 0.00% |
| USDA | 1 | $435,000 | $435,000 | $0 | 0.00% |
For 2023, Southerntrust Bank's most frequently originated type of loan was Conventional, with 96 originations. Their 2nd most popular type was USDA, with 1 originations.
Loan Reason
For 2023, Southerntrust Bank's most frequently cited loan purpose was Home Purchase, with 36 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 97 | $17,305,000 | $178,402 | $0 | 0.00% |
For 2023, Southerntrust Bank's most frequently cited loan duration was Other, with 97 originations.
Loan Sizing
2023 saw Southerntrust Bank place emphasis on $100,000 or less loans with 37 originations, totaling $1,995,000 in origination value.
Applicant Income
Southerntrust Bank lent most frequently to those with incomes in the $75k-100k range, with 21 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 97 | $17,305,000 | $178,402 | $0 | 0.00% |
Southerntrust Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.69%
Southerntrust Bank has an average approval rate.
Pick Rate
Approvals leading to origination94.85%
Southerntrust Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 97 | $17,305,000 | $178,402 |