River Bank & Trust Mortgage Rates, Fees & Info
Prattville, ALLEI: 5493006HAFES1LQ18W28
Tax ID: 20-4303726
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Mortgage Data
Review & Overview
River Bank & Trust is a smaller bank specializing in Home Purchase loans. River Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Birmingham, Mobile, Montgomery, Auburn, and Daphne among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)River Bank & Trust 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. River Bank & Trust 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 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Conventional Purchase | 7.63% | 4/5/25 |
| 30 Year Conventional Refi | 7.22% | 4/5/25 |
| 30 Year Cash-out Refi | 7.32% | 4/5/25 |
| 30 Year FHA Purchase | 6.72% | 4/5/25 |
| 30 Year FHA Refi | 6.72% | 4/5/25 |
| 30 Year VA Purchase | 6.72% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.72% | 4/5/25 |
| 15 Year Conventional Purchase | 9.25% | 4/5/25 |
| 15 Year Conventional Refi | 8.62% | 4/5/25 |
| 15 Year Cash-out Refi | 8.62% | 4/5/25 |
| 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. | ||
River Bank & Trust Mortgage Calculator
Your Estimates
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This is not an official calculator from River Bank & Trust. 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
1,249Origination Dollar Volume (All Markets)
$243,595,000Relative Rate
River Bank & Trust's average 30 year fixed mortgage rate was
8.17%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 1.62%.
Relative Fees (Closing Costs)
River Bank & Trust's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,013.
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 $8,356.
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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 176 | $31,530,000 | $179,148 | $4,351 | 7.23% |
| MOBILE, AL (FHA|USDA|VA) | 117 | $30,585,000 | $261,410 | $5,687 | 8.05% |
| MONTGOMERY, AL (FHA|USDA|VA) | 173 | $28,925,000 | $167,197 | $3,908 | 7.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 195 | $25,505,000 | $130,795 | $6,016 | 8.27% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 78 | $23,140,000 | $296,667 | $6,114 | 7.48% |
| Alexander City, AL (FHA|USDA|VA) | 68 | $14,270,000 | $209,853 | $5,277 | 7.39% |
| DOTHAN, AL (FHA|USDA|VA) | 65 | $11,245,000 | $173,000 | $3,763 | 7.39% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 56 | $11,080,000 | $197,857 | $10,986 | 7.43% |
| DECATUR, AL (FHA|USDA|VA) | 60 | $10,530,000 | $175,500 | $3,443 | 7.16% |
| Outside of Metro Areas | 33 | $9,645,000 | $292,273 | $6,135 | 7.39% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 44 | $7,640,000 | $173,636 | $4,335 | 7.17% |
| Enterprise, AL (FHA|USDA|VA) | 58 | $7,370,000 | $127,069 | $3,988 | 7.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 14 | $4,410,000 | $315,000 | $5,588 | 7.80% |
| Ozark, AL (FHA|USDA|VA) | 15 | $4,345,000 | $289,667 | $4,650 | 7.87% |
| GADSDEN, AL (FHA|USDA|VA) | 37 | $3,805,000 | $102,838 | $1,928 | 8.02% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 8 | $3,660,000 | $457,500 | $9,013 | 7.87% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $3,465,000 | $1,155,000 | $11,694 | 7.75% |
| Albertville, AL (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $6,792 | 6.61% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $0 | 8.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $5,090 | 8.85% |
| Cullman, AL (FHA|USDA|VA) | 3 | $1,075,000 | $358,333 | $3,301 | 7.66% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $8,128 | 6.75% |
| LaGrange, GA-AL (FHA|USDA|VA) | 12 | $880,000 | $73,333 | $3,043 | 8.75% |
| Atmore, AL (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $5,212 | 8.75% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $3,293 | 8.00% |
| Jasper, AL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 6.91% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $8,704 | 7.95% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,936 | 6.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 7.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $0 | 7.25% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 8.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 8.50% |
| Troy, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 8.50% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 7.95% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.99% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against River Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 24
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 653 | $159,765,000 | $244,663 | $5,047 | 8.70% |
| HELOC | 596 | $83,830,000 | $140,654 | n/a | 6.38% |
For 2024, River Bank & Trust's most frequently originated type of loan was Conventional, with 653 originations. Their 2nd most popular type was HELOC, with 596 originations.
Loan Reason
For 2024, River Bank & Trust's most frequently cited loan purpose was Home Purchase, with 544 originations. The 2nd most popular reason was Home Improvement, with 248 originations.
Loan Duration/Length
For 2024, River Bank & Trust's most frequently cited loan duration was 15 Year, with 607 originations. The 2nd most popular length was 30 Year, with 247 originations.
Origination Fees/Closing Costs
River Bank & Trust's average total fees were $6,013, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 71 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 521 | $103,085,000 | $197,860 |
| 5-6% | 506 | $67,360,000 | $133,123 |
| 7-8% | 203 | $65,275,000 | $321,552 |
| 6-7% | 16 | $7,520,000 | $470,000 |
| 4-5% | 1 | $25,000 | $25,000 |
During 2024, River Bank & Trust's average interest rate for loans was 8.17%, while their most frequently originated rate bucket for loans was Over 8%, with 521 originations.
Loan Sizing
2024 saw River Bank & Trust place emphasis on $100,000 or less loans with 540 originations, totaling $28,730,000 in origination value.
Applicant Income
River Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 271 originations. The second most popular income band? $250k+, with 245 originations.
Applicant Debt to Income Ratio
River Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 269 originations. The next most common DTI ratio? 30-36%, with 199 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.69%
River Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination85.83%
River Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $45,000 | $45,000 |
| 169.0 | 2 | $70,000 | $35,000 |
| 260.0 | 4 | $140,000 | $35,000 |
| 263.0 | 38 | $1,810,000 | $47,632 |
| 275.0 | 2 | $90,000 | $45,000 |
| 279.0 | 1 | $55,000 | $55,000 |
| 282.0 | 4 | $130,000 | $32,500 |
| 282.5 | 1 | $25,000 | $25,000 |
| 289.0 | 2 | $80,000 | $40,000 |
| 292.0 | 9 | $395,000 | $43,889 |
| 520.5 | 1 | $15,000 | $15,000 |
| NA | 1,184 | $240,740,000 | $203,328 |