Macon Bank And Trust Company Mortgage Rates, Fees & Info
Lafayette, TNLEI: 5493002FQ43Q3BNXZW27
Tax ID: 62-0335770
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Bowling Green, Crestview, Daphne, and Cookeville among others. We have data for 8 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.
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Originations
173Origination Dollar Volume (All Markets)
$37,165,000Top 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) | 142 | $31,740,000 | $223,521 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 9 | $1,235,000 | $137,222 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $1,155,000 | $77,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 173 | $37,165,000 | $214,827 | $0 | 0.00% |
For 2022, Macon Bank And Trust Company's most frequently originated type of loan was Conventional, with 173 originations.
Loan Reason
For 2022, Macon Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 77 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 173 | $37,165,000 | $214,827 | $0 | 0.00% |
For 2022, Macon Bank And Trust Company's most frequently cited loan duration was Other, with 173 originations.
Loan Sizing
2022 saw Macon Bank And Trust Company place emphasis on $100,000 or less loans with 74 originations, totaling $4,110,000 in origination value.
Applicant Income
Macon Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $50k-75k, with 36 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 173 | $37,165,000 | $214,827 | $0 | 0.00% |
Macon Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 173 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.31%
Macon Bank And Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination99.42%
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 | 173 | $37,165,000 | $214,827 |