Southern Bank Of Tennessee Mortgage Rates, Fees & Info
Mount Juliet, TNLEI: 54930022I573MYIIOM33
Tax ID: 62-1743353
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Southern Bank Of Tennessee is a smaller bank specializing in Home Purchase loans. Southern Bank Of Tennessee has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Nashville, Crestview, Cookeville, Clarksville, and Shelbyville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Southern Bank Of Tennessee 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
199Origination Dollar Volume (All Markets)
$70,025,000Top 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) | 174 | $62,580,000 | $359,655 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $2,140,000 | $1,070,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $690,000 | $172,500 | $0 | 0.00% |
| Shelbyville, TN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| OWENSBORO, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Dyersburg, TN (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 182 | $63,410,000 | $348,407 | $0 | 0.00% |
| FHA | 11 | $3,585,000 | $325,909 | $0 | 0.00% |
| VA | 6 | $3,030,000 | $505,000 | $0 | 0.00% |
For 2022, Southern Bank Of Tennessee's most frequently originated type of loan was Conventional, with 182 originations. Their 2nd most popular type was FHA, with 11 originations.
Loan Reason
For 2022, Southern Bank Of Tennessee's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 199 | $70,025,000 | $351,884 | $0 | 0.00% |
For 2022, Southern Bank Of Tennessee's most frequently cited loan duration was Other, with 199 originations.
Loan Sizing
2022 saw Southern Bank Of Tennessee place emphasis on $200k-400k loans with 87 originations, totaling $25,975,000 in origination value.
Applicant Income
Southern Bank Of Tennessee lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $50k-75k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 199 | $70,025,000 | $351,884 | $0 | 0.00% |
Southern Bank Of Tennessee lent most frequently to those with DTI ratios of Exempt%, with 199 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.67%
Southern Bank Of Tennessee has an average approval rate.
Pick Rate
Approvals leading to origination78.39%
Southern Bank Of Tennessee has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 199 | $70,025,000 | $351,884 |