Bank Of Early Mortgage Rates, Fees & Info
Macon, GALEI: 5493001VZ9FY8HZOGY74
Tax ID: 58-0228950
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Mortgage Data
Review & Overview
Bank Of Early is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Early has a high proportion of conventional loans. Their top markets by origination volume include: Macon, Warner Robins, Albany, Atlanta, and Dothan among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Early 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
53Origination Dollar Volume (All Markets)
$6,465,000Top 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 |
|---|---|---|---|---|---|
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 22 | $3,190,000 | $145,000 | $0 | 0.00% |
| Outside of Metro Areas | 22 | $1,780,000 | $80,909 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 5 | $435,000 | $87,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Tifton, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $6,465,000 | $121,981 | $0 | 0.00% |
For 2019, Bank Of Early's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 32 | $2,900,000 | $90,625 | $0 | 0.00% |
| Home Purchase | 21 | $3,565,000 | $169,762 | $0 | 0.00% |
For 2019, Bank Of Early's most frequently cited loan purpose was Refi, with 32 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $6,465,000 | $121,981 | $0 | 0.00% |
For 2019, Bank Of Early's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2019 saw Bank Of Early place emphasis on $100,000 or less loans with 29 originations, totaling $1,335,000 in origination value.
Applicant Income
Bank Of Early lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $100k-150k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $6,465,000 | $121,981 | $0 | 0.00% |
Bank Of Early lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.06%
Bank Of Early has an average approval rate.
Pick Rate
Approvals leading to origination90.57%
Bank Of Early has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $6,465,000 | $121,981 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |