Southeast Bank Mortgage Rates, Fees & Info
Farragut, TNLEI: 54930089R5VSN6GVCK47
Tax ID: 62-1859961
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Southeast Bank is a smaller bank specializing in Home Purchase loans. Southeast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Chattanooga, Dayton, Nashville, and Edwards among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Southeast 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.
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Originations
459Origination Dollar Volume (All Markets)
$156,025,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 155 | $84,165,000 | $543,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 117 | $35,995,000 | $307,650 | $0 | 0.00% |
| Dayton, TN (FHA|USDA|VA) | 67 | $9,105,000 | $135,896 | $0 | 0.00% |
| Outside of Metro Areas | 35 | $7,085,000 | $202,429 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $5,125,000 | $1,025,000 | $0 | 0.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 26 | $3,760,000 | $144,615 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 21 | $3,065,000 | $145,952 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 29 | $3,025,000 | $104,310 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against SouthEast 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 | 459 | $156,025,000 | $339,924 | $0 | 0.00% |
For 2022, Southeast Bank's most frequently originated type of loan was Conventional, with 459 originations.
Loan Reason
For 2022, Southeast Bank's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Other, with 123 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 459 | $156,025,000 | $339,924 | $0 | 0.00% |
For 2022, Southeast Bank's most frequently cited loan duration was Other, with 459 originations.
Loan Sizing
2022 saw Southeast Bank place emphasis on $100,000 or less loans with 183 originations, totaling $10,475,000 in origination value.
Applicant Income
Southeast Bank lent most frequently to those with incomes in the $100k-150k range, with 94 originations. The second most popular income band? $150k-250k, with 80 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 459 | $156,025,000 | $339,924 | $0 | 0.00% |
Southeast Bank lent most frequently to those with DTI ratios of Exempt%, with 459 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.48%
Southeast Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.57%
Southeast Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 459 | $156,025,000 | $339,924 |