Macon Bank And Trust Company Mortgage Rates, Fees & Info

Lafayette, TN

LEI: 5493002FQ43Q3BNXZW27

Tax ID: 62-0335770

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Macon Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Macon Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Crestview, Bowling Green, and Cookeville among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Macon Bank And Trust Company 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.

    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.

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    Originations

    107

    Origination Dollar Volume (All Markets)

    $16,175,000

    Top 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) 85 $14,075,000 $165,588 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $965,000 $965,000 $0 0.00%
    Outside of Metro Areas 10 $560,000 $56,000 $0 0.00%
    BOWLING GREEN, KY (FHA|USDA|VA) 8 $420,000 $52,500 $0 0.00%
    Cookeville, TN (FHA|USDA|VA) 3 $155,000 $51,667 $0 0.00%
    Macon Bank And Trust Company's top markets include Nashville, Crestview, Bowling Green, and Cookeville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $16,175,000 $151,168 $0 0.00%

    For 2023, Macon Bank And Trust Company's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $11,505,000 $201,842 $0 0.00%
    Refi 33 $3,705,000 $112,273 $0 0.00%
    Home Improvement 11 $545,000 $49,545 $0 0.00%
    Other 6 $420,000 $70,000 $0 0.00%

    For 2023, Macon Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $16,175,000 $151,168 $0 0.00%

    For 2023, Macon Bank And Trust Company's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 56 $3,040,000 $54,286 $0 0.00%
    $100k-200k 29 $4,405,000 $151,897 $0 0.00%
    $200k-400k 15 $4,035,000 $269,000 $0 0.00%
    $400k-600k 3 $1,285,000 $428,333 $0 0.00%
    $600k-1MM 3 $2,235,000 $745,000 $0 0.00%
    $1MM+ 1 $1,175,000 $1,175,000 $0 0.00%

    2023 saw Macon Bank And Trust Company place emphasis on $100,000 or less loans with 56 originations, totaling $3,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $3,075,000 $87,857 $0 0.00%
    $50k-75k 17 $1,975,000 $116,176 $0 0.00%
    $100k-150k 14 $3,120,000 $222,857 $0 0.00%
    $75k-100k 9 $925,000 $102,778 $0 0.00%
    $150k-250k 6 $1,140,000 $190,000 $0 0.00%
    $250k+ 6 $2,510,000 $418,333 $0 0.00%

    Macon Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $16,175,000 $151,168 $0 0.00%

    Macon Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $13,920,000 $148,085 $0 0.00%
    Not applicable 13 $2,255,000 $173,462 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.16%

    Macon Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.13%

    Macon Bank And Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $16,175,000 $151,168

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    107 $16,175,000 $151,168