Bank Of Yazoo City Mortgage Rates, Fees & Info
Yazoo City, MSLEI: 5493003CEZ9JGZYJ4J88
Tax ID: 64-0117340
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Yazoo City is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Yazoo City has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Crestview, Starkville, Daphne, and Memphis among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Yazoo City has an 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
105Origination Dollar Volume (All Markets)
$17,795,000Top 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 |
|---|---|---|---|---|---|
| JACKSON, MS (FHA|USDA|VA) | 96 | $11,590,000 | $120,729 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $4,980,000 | $2,490,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $155,000 | $155,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 105 | $17,795,000 | $169,476 | $0 | 0.00% |
For 2022, Bank Of Yazoo City's most frequently originated type of loan was Conventional, with 105 originations.
Loan Reason
For 2022, Bank Of Yazoo City's most frequently cited loan purpose was Refi, with 54 originations. The 2nd most popular reason was Home Purchase, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 105 | $17,795,000 | $169,476 | $0 | 0.00% |
For 2022, Bank Of Yazoo City's most frequently cited loan duration was Other, with 105 originations.
Loan Sizing
2022 saw Bank Of Yazoo City place emphasis on $100,000 or less loans with 52 originations, totaling $2,290,000 in origination value.
Applicant Income
Bank Of Yazoo City lent most frequently to those with incomes in the $150k-250k range, with 20 originations. The second most popular income band? $100k-150k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 105 | $17,795,000 | $169,476 | $0 | 0.00% |
Bank Of Yazoo City lent most frequently to those with DTI ratios of Exempt%, with 105 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.34%
Bank Of Yazoo City has an average approval rate.
Pick Rate
Approvals leading to origination96.19%
Bank Of Yazoo City 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 | 105 | $17,795,000 | $169,476 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF NEW YORK MELLON CORPORATION, THE | Reverse mortgage | Struggling to pay mortgage | 1 | 100.0% |