Southern States Bank Mortgage Rates, Fees & Info
Anniston, ALLEI: 5493001XP7X9J8PCH525
Tax ID: 20-8866792
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Southern States Bank is a smaller bank specializing in Home Purchase and Refi loans. Southern States Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Columbus, Auburn, Crestview, and Birmingham among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Southern States 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
157Origination Dollar Volume (All Markets)
$94,265,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 24 | $30,990,000 | $1,291,250 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 54 | $12,220,000 | $226,296 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 12 | $9,280,000 | $773,333 | $0 | 0.00% |
| Outside of Metro Areas | 28 | $7,400,000 | $264,286 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $5,540,000 | $2,770,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 4 | $4,400,000 | $1,100,000 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $3,575,000 | $3,575,000 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $3,225,000 | $3,225,000 | $0 | 0.00% |
| Douglas, GA (FHA|USDA|VA) | 1 | $2,975,000 | $2,975,000 | $0 | 0.00% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $2,955,000 | $2,955,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $2,585,000 | $2,585,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 10 | $2,230,000 | $223,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $1,945,000 | $1,945,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $1,355,000 | $451,667 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $1,215,000 | $1,215,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 7 | $865,000 | $123,571 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 157 | $94,265,000 | $600,414 | $0 | 0.00% |
For 2022, Southern States Bank's most frequently originated type of loan was Conventional, with 157 originations.
Loan Reason
For 2022, Southern States Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 157 | $94,265,000 | $600,414 | $0 | 0.00% |
For 2022, Southern States Bank's most frequently cited loan duration was Other, with 157 originations.
Loan Sizing
2022 saw Southern States Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,860,000 in origination value.
Applicant Income
Southern States Bank lent most frequently to those with incomes in the $250k+ range, with 15 originations. The second most popular income band? $75k-100k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 157 | $94,265,000 | $600,414 | $0 | 0.00% |
Southern States Bank lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.55%
Southern States Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.61%
Southern States Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 157 | $94,265,000 | $600,414 |