Bryant Bank Mortgage Rates, Fees & Info
Tuscaloosa, ALLEI: 54930069UB3VEGAQ9661
Tax ID: 20-2960984
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Mortgage Data
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, Birmingham, Huntsville, Daphne, and Mobile among others. We have data for 22 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 an average 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.59% | 11/17/24 |
| 30 Year Conventional Refi | 6.50% | 11/17/24 |
| 30 Year Cash-out Refi | 6.90% | 11/17/24 |
| 30 Year FHA Purchase | 6.27% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.11% | 11/17/24 |
| 15 Year Conventional Refi | 6.02% | 11/17/24 |
| 15 Year Cash-out Refi | 6.02% | 11/17/24 |
| 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. | ||
Bryant Bank Mortgage Calculator
Your Estimates
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This is not an official calculator from Bryant Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
507Origination Dollar Volume (All Markets)
$131,205,000Awards
Bryant Bank - 2023
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For 2023, less than of lenders were eligible for this award.
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Relative Rate
Bryant Bank's average 30 year fixed mortgage rate was
6.39%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
Bryant Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,258.
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 $9,089.
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) | 160 | $35,250,000 | $220,313 | $4,656 | 8.03% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 114 | $32,570,000 | $285,702 | $3,744 | 7.96% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 95 | $23,565,000 | $248,053 | $5,751 | 7.90% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 83 | $22,565,000 | $271,867 | $3,889 | 7.80% |
| MOBILE, AL (FHA|USDA|VA) | 16 | $4,240,000 | $265,000 | $4,765 | 7.68% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 5 | $3,935,000 | $787,000 | $0 | 8.15% |
| Outside of Metro Areas | 6 | $1,730,000 | $288,333 | $7,019 | 7.52% |
| MONTGOMERY, AL (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $5,620 | 7.41% |
| Albertville, AL (FHA|USDA|VA) | 4 | $860,000 | $215,000 | $0 | 8.09% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $0 | 8.41% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $8,531 | 6.63% |
| DECATUR, AL (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 8.13% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $11,983 | 6.88% |
| SALEM, OR (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 8.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $0 | 8.40% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 6.75% |
| Cullman, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 7.60% |
| Jasper, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.75% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,154 | 6.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 8.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 6.88% |
| Starkville, MS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 8.25% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 299 | $97,215,000 | $325,134 | $4,581 | 7.57% |
| HELOC | 208 | $33,990,000 | $163,413 | n/a | 8.44% |
For 2023, Bryant Bank's most frequently originated type of loan was Conventional, with 299 originations. Their 2nd most popular type was HELOC, with 208 originations.
Loan Reason
For 2023, Bryant Bank's most frequently cited loan purpose was Home Purchase, with 208 originations. The 2nd most popular reason was Refi, with 132 originations.
Loan Duration/Length
For 2023, Bryant Bank's most frequently cited loan duration was Other, with 263 originations. The 2nd most popular length was 5 Year, with 95 originations.
Origination Fees/Closing Costs
Bryant Bank's average total fees were $6,258, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 41 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 244 | $45,430,000 | $186,189 |
| 7-8% | 150 | $43,870,000 | $292,467 |
| 6-7% | 82 | $30,860,000 | $376,341 |
| 5-6% | 30 | $10,510,000 | $350,333 |
| 4-5% | 1 | $535,000 | $535,000 |
During 2023, Bryant Bank's average interest rate for loans was 6.39%, while their most frequently originated rate bucket for loans was Over 8%, with 244 originations.
Loan Sizing
2023 saw Bryant Bank place emphasis on $100,000 or less loans with 143 originations, totaling $7,885,000 in origination value.
Applicant Income
Bryant Bank lent most frequently to those with incomes in the $250k+ range, with 94 originations. The second most popular income band? $100k-150k, with 75 originations.
Applicant Debt to Income Ratio
Bryant Bank lent most frequently to those with DTI ratios of <20%, with 89 originations. The next most common DTI ratio? 20-30%, with 78 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.64%
Bryant Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.21%
Bryant Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 507 | $131,205,000 | $258,787 |