Insouth Bank Mortgage Rates, Fees & Info

Brownsville, TN

LEI: 5493007VODM6C3GLTV93

Tax ID: 62-0142445

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Insouth Bank is a smaller bank specializing in Home Purchase and Refi loans. Insouth Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Brownsville, Jackson, Daphne, and Oxford among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Insouth Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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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    Originations

    127

    Origination Dollar Volume (All Markets)

    $26,285,000

    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
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 52 $10,110,000 $194,423 $0 0.00%
    Brownsville, TN (FHA|USDA|VA) 50 $9,510,000 $190,200 $0 0.00%
    JACKSON, TN (FHA|USDA|VA) 13 $2,185,000 $168,077 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $2,170,000 $1,085,000 $0 0.00%
    Outside of Metro Areas 7 $1,885,000 $269,286 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
    Insouth Bank's top markets include Memphis, Brownsville, Jackson, Daphne, and Oxford among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 127 $26,285,000 $206,969 $0 0.00%

    For 2022, Insouth Bank's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $16,950,000 $282,500 $0 0.00%
    Refi 56 $7,700,000 $137,500 $0 0.00%
    Home Improvement 11 $1,635,000 $148,636 $0 0.00%

    For 2022, Insouth Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $26,285,000 $206,969 $0 0.00%

    For 2022, Insouth Bank's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $3,325,000 $60,455 $0 0.00%
    $100k-200k 31 $4,345,000 $140,161 $0 0.00%
    $200k-400k 26 $7,000,000 $269,231 $0 0.00%
    $600k-1MM 7 $5,215,000 $745,000 $0 0.00%
    $400k-600k 6 $2,780,000 $463,333 $0 0.00%
    $1MM+ 2 $3,620,000 $1,810,000 $0 0.00%

    2022 saw Insouth Bank place emphasis on $100,000 or less loans with 55 originations, totaling $3,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 26 $7,470,000 $287,308 $0 0.00%
    $150k-250k 17 $2,755,000 $162,059 $0 0.00%
    $50k or less 17 $1,025,000 $60,294 $0 0.00%
    $100k-150k 11 $2,625,000 $238,636 $0 0.00%
    $50k-75k 10 $1,000,000 $100,000 $0 0.00%
    $75k-100k 9 $855,000 $95,000 $0 0.00%

    Insouth Bank lent most frequently to those with incomes in the $250k+ range, with 26 originations. The second most popular income band? $150k-250k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $26,285,000 $206,969 $0 0.00%

    Insouth Bank lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $13,880,000 $187,568 $0 0.00%
    Not applicable 39 $10,745,000 $275,513 $0 0.00%
    Asian 2 $950,000 $475,000 $0 0.00%
    Black 12 $710,000 $59,167 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.68%

    Insouth Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.28%

    Insouth Bank 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 127 $26,285,000 $206,969

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    127 $26,285,000 $206,969