Aquesta Bank Mortgage Rates, Fees & Info
Cornelius, NCLEI: 5493006GBLIRNKHYD764
Tax ID: 20-5036036
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Mortgage Data
Review & Overview
Aquesta Bank is a smaller bank specializing in Home Purchase and Refi loans. Aquesta Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Charleston, Wilmington, and Myrtle Beach among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Aquesta Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
19Origination Dollar Volume (All Markets)
$8,875,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 16 | $7,600,000 | $475,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 19 | $8,875,000 | $467,105 | $0 | 0.00% |
For 2021, Aquesta Bank's most frequently originated type of loan was Conventional, with 19 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 16 | $5,410,000 | $338,125 | $0 | 0.00% |
| Refi | 3 | $3,465,000 | $1,155,000 | $0 | 0.00% |
For 2021, Aquesta Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 19 | $8,875,000 | $467,105 | $0 | 0.00% |
For 2021, Aquesta Bank's most frequently cited loan duration was Other, with 19 originations.
Loan Sizing
2021 saw Aquesta Bank place emphasis on $100k-200k loans with 10 originations, totaling $1,630,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 2 | $2,460,000 | $1,230,000 | $0 | 0.00% |
Aquesta Bank lent most frequently to those with incomes in the $250k+ range, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 19 | $8,875,000 | $467,105 | $0 | 0.00% |
Aquesta Bank lent most frequently to those with DTI ratios of Exempt%, with 19 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.62%
Aquesta Bank has a below average approval rate.
Pick Rate
Approvals leading to origination94.74%
Aquesta Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 19 | $8,875,000 | $467,105 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| ASSOCIATED BANC-CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 16.7% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Incorrect information on your report | 1 | 8.3% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Struggling to pay mortgage | 2 | 16.7% |
| ASSOCIATED BANC-CORP | Conventional home mortgage | Trouble during payment process | 3 | 25.0% |
| ASSOCIATED BANC-CORP | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 8.3% |
| ASSOCIATED BANC-CORP | FHA mortgage | Struggling to pay mortgage | 1 | 8.3% |
| ASSOCIATED BANC-CORP | FHA mortgage | Trouble during payment process | 1 | 8.3% |
| ASSOCIATED BANC-CORP | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 8.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Aquesta Bank | 1078 Brawley School Road Mooresville, NC 28117 | Full Service B&M | $95,580 |
| Aquesta Bank | 19510 Jetton Road Cornelius, NC 28031 | Full Service B&M | $293,867 |
| Aquesta Bank | 400 Avinger Ln Davidson, NC 28036 | Full Service B&M | $894 |
| Aquesta Bank | 4519 Sharon Road Charlotte, NC 28211 | Full Service B&M | $26,063 |
| Aquesta Bank | 568 Jetton Street, Suite 100 Davidson, NC 28036 | Full Service B&M | $54,383 |
| Aquesta Bank | 837 Williamson Road Mooresville, NC 28117 | Full Service B&M | $37,230 |
| Aquesta Bank | 901 Military Cutoff Road Wilmington, NC 28405 | Full Service B&M | $31,141 |
| Aquesta Bank | 9906 Knockando Lane Huntersville, NC 28078 | Full Service B&M | $60,242 |
| Aquesta Bank | 9915 Sandy Rock Place, Rea Farms Lot #16 Charlotte, NC 28277 | Full Service B&M | $41,346 |
For 2021, Aquesta Bank had 9 branches.