Bryant Bank Mortgage Rates, Fees & Info

Tuscaloosa, AL

LEI: 54930069UB3VEGAQ9661

Tax ID: 20-2960984

5 stars - out of 5 stars, based on 26 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Bryant Bank is a smaller bank specializing in Home Purchase and Refi loans. Bryant Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tuscaloosa, Huntsville, Birmingham, Daphne, and Decatur among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bryant Bank 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. Bryant Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 3/24/23
    30 Year Conventional Purchase 6.59% 3/24/23
    30 Year Conventional Refi 6.50% 3/24/23
    30 Year Cash-out Refi 6.90% 3/24/23
    30 Year FHA Purchase 6.27% 3/24/23
    30 Year VA Purchase 6.27% 3/24/23
    15 Year Conventional Purchase 6.11% 3/24/23
    15 Year Conventional Refi 6.02% 3/24/23
    15 Year Cash-out Refi 6.02% 3/24/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    689

    Origination Dollar Volume (All Markets)

    $176,135,000
    Show all (6) awards

    Relative Rate

    Bryant Bank's average 30 year fixed mortgage rate was 4.8%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.04%.

    Relative Fees (Closing Costs)

    Bryant Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,501.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    TUSCALOOSA, AL (FHA|USDA|VA) 205 $43,935,000 $214,317 $3,699 5.30%
    HUNTSVILLE, AL (FHA|USDA|VA) 132 $33,350,000 $252,652 $3,368 5.48%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 172 $33,190,000 $192,965 $3,551 5.19%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 104 $26,690,000 $256,635 $2,741 5.19%
    DECATUR, AL (FHA|USDA|VA) 6 $4,310,000 $718,333 $3,927 3.87%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $4,085,000 $4,085,000 $0 5.75%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 3 $3,705,000 $1,235,000 $0 3.65%
    MOBILE, AL (FHA|USDA|VA) 14 $3,630,000 $259,286 $2,455 5.60%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $3,285,000 $3,285,000 $0 5.75%
    Cullman, AL (FHA|USDA|VA) 3 $2,515,000 $838,333 $0 4.22%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $2,110,000 $1,055,000 $0 4.20%
    Outside of Metro Areas 6 $1,990,000 $331,667 $4,916 4.20%
    Forest City, NC (FHA|USDA|VA) 1 $1,835,000 $1,835,000 $0 5.30%
    Albertville, AL (FHA|USDA|VA) 8 $1,820,000 $227,500 $4,040 5.49%
    Scottsboro, AL (FHA|USDA|VA) 4 $1,700,000 $425,000 $0 4.79%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 2 $1,300,000 $650,000 $2,293 4.36%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $1,205,000 $241,000 $0 5.80%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,045,000 $348,333 $7,032 4.17%
    Jasper, AL (FHA|USDA|VA) 2 $780,000 $390,000 $5,613 5.94%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $625,000 $625,000 $31,537 6.25%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $520,000 $260,000 $0 4.00%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $450,000 $225,000 $0 4.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 6.65%
    GADSDEN, AL (FHA|USDA|VA) 1 $395,000 $395,000 $4,711 3.13%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 3 $375,000 $125,000 $2,392 5.50%
    Alexander City, AL (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.25%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.75%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.25%
    Ozark, AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,430 3.00%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,770 6.75%
    Bryant Bank's top markets include Tuscaloosa, Huntsville, Birmingham, Daphne, and Decatur among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bryant Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Liberty Mortgage Corporation
    Similarity Rank: 315
    Independent Bank
    Similarity Rank: 608
    SmartBank
    Similarity Rank: 768
    Pen Air Federal Credit Union
    Similarity Rank: 948
    Tyndall Federal Credit Union
    Similarity Rank: 1040
    Jefferson Credit Union
    Similarity Rank: 1125
    Eco Credit Union
    Similarity Rank: 1330
    ALABAMA TEACHERS
    Similarity Rank: 2268
    NP, Inc.
    Similarity Rank: 2300
    Bank Independent
    Similarity Rank: 2461

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 416 $130,590,000 $313,918 $3,577 5.20%
    HELOC 273 $45,545,000 $166,832 n/a 5.33%

    For 2022, Bryant Bank's most frequently originated type of loan was Conventional, with 416 originations. Their 2nd most popular type was HELOC, with 273 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 273 $74,665,000 $273,498 $4,163 5.18%
    Refi 196 $55,610,000 $283,724 $2,048 5.37%
    Other 118 $16,090,000 $136,356 $2,239 5.23%
    Home Improvement 90 $27,040,000 $300,444 $1,318 5.34%
    Cash Out Refi 12 $2,730,000 $227,500 $4,492 4.42%

    For 2022, Bryant Bank's most frequently cited loan purpose was Home Purchase, with 273 originations. The 2nd most popular reason was Refi, with 196 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 353 $61,325,000 $173,725 $1,186 5.43%
    5 Year 150 $43,170,000 $287,800 $0 5.43%
    30 Year 109 $31,765,000 $291,422 $4,501 4.80%
    1 Year 40 $17,010,000 $425,250 $3,048 5.41%
    3 Year 19 $18,365,000 $966,579 $1,560 4.19%
    15 Year 13 $3,015,000 $231,923 $3,866 2.99%
    20 Year 3 $735,000 $245,000 $3,006 5.21%
    10 Year 2 $750,000 $375,000 $6,712 5.94%

    For 2022, Bryant Bank's most frequently cited loan duration was Other, with 353 originations. The 2nd most popular length was 5 Year, with 150 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 72 $18,520,000 $257,222
    $1k-2k 34 $7,140,000 $210,000
    $2k-3k 33 $8,005,000 $242,576
    $3k-4k 21 $6,465,000 $307,857
    $5k+ 9 $4,075,000 $452,778
    $4k-5k 6 $2,370,000 $395,000

    Bryant Bank's average total fees were $4,501, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 72 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 185 $51,735,000 $279,649
    4-5% 173 $42,525,000 $245,809
    3-4% 147 $46,065,000 $313,367
    6-7% 111 $22,945,000 $206,712
    7-8% 53 $9,755,000 $184,057
    Over 8% 8 $950,000 $118,750
    2.5-3% 8 $1,550,000 $193,750
    <2.5% 4 $610,000 $152,500

    During 2022, Bryant Bank's average interest rate for loans was 4.80%, while their most frequently originated rate bucket for loans was 5-6%, with 185 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 210 $29,310,000 $139,571 $3,074 5.27%
    $100,000 or less 199 $10,845,000 $54,497 $1,174 5.41%
    $200k-400k 170 $46,710,000 $274,765 $4,183 5.19%
    $400k-600k 59 $28,035,000 $475,169 $4,950 5.33%
    $600k-1MM 27 $20,115,000 $745,000 $6,871 4.70%
    $1MM+ 24 $41,120,000 $1,713,333 $0 4.64%

    2022 saw Bryant Bank place emphasis on $100k-200k loans with 210 originations, totaling $29,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 108 $32,780,000 $303,519 $4,651 5.23%
    $100k-150k 106 $19,650,000 $185,377 $3,692 5.19%
    $150k-250k 97 $23,055,000 $237,680 $3,804 5.32%
    $75k-100k 69 $10,615,000 $153,841 $3,555 5.16%
    $50k-75k 62 $8,700,000 $140,323 $3,160 5.09%
    $50k or less 36 $4,580,000 $127,222 $3,075 5.37%

    Bryant Bank lent most frequently to those with incomes in the $250k+ range, with 108 originations. The second most popular income band? $100k-150k, with 106 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 137 $25,255,000 $184,343 $2,893 5.12%
    20-30% 108 $20,520,000 $190,000 $3,843 5.06%
    30-36% 61 $10,605,000 $173,852 $3,257 5.24%
    40% 12 $2,530,000 $210,833 $2,831 5.15%
    49% 12 $3,680,000 $306,667 $6,110 5.42%
    44% 12 $1,700,000 $141,667 $3,825 5.43%
    43% 10 $2,830,000 $283,000 $4,640 5.60%
    38% 9 $2,055,000 $228,333 $4,453 4.94%
    42% 8 $2,550,000 $318,750 $3,744 5.93%
    46% 8 $1,960,000 $245,000 $3,708 5.19%
    50-60% 7 $1,145,000 $163,571 $230 6.12%
    48% 7 $1,655,000 $236,429 $4,001 4.86%
    36% 6 $2,060,000 $343,333 $4,230 4.85%
    37% 6 $760,000 $126,667 $3,129 4.77%
    45% 6 $1,620,000 $270,000 $4,541 5.25%
    41% 6 $1,590,000 $265,000 $2,696 5.06%
    47% 5 $775,000 $155,000 $4,365 4.48%
    39% 3 $725,000 $241,667 $2,737 5.38%
    >60% 3 $2,705,000 $901,667 $0 7.63%

    Bryant Bank lent most frequently to those with DTI ratios of <20%, with 137 originations. The next most common DTI ratio? 20-30%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 453 $91,845,000 $202,748 $3,542 5.23%
    Not applicable 195 $75,615,000 $387,769 $0 5.37%
    Black 21 $3,775,000 $179,762 $2,888 5.17%
    Asian 12 $2,920,000 $243,333 $5,056 5.07%
    Not provided 7 $1,335,000 $190,714 $4,194 4.29%
    American Indian 1 $645,000 $645,000 $7,032 3.50%

    Approval Rates

    Total approvals of all applications
    94.90%

    Bryant Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.26%

    Bryant Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 689 $176,135,000 $255,639

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    689 $176,135,000 $255,639

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 149 $30,365,000 $203,792 $2,257 5.27%
    40-60% 93 $30,985,000 $333,172 $3,282 5.16%
    60-80% 188 $55,150,000 $293,351 $4,635 5.30%
    80-100% 109 $37,775,000 $346,560 $3,729 5.08%
    Over 100% 12 $10,570,000 $880,833 $0 4.05%
    Under 20% 138 $11,290,000 $81,812 $1,460 5.46%