First State Bank Of Blakely Mortgage Rates, Fees & Info
Blakely, GALEI: 549300ANE43ZL0O8VZ13
Tax ID: 58-0243255
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First State Bank Of Blakely is a smaller bank specializing in Refi and Home Purchase loans. First State Bank Of Blakely has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Panama City, Dothan, Bainbridge, and Lagrange among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank Of Blakely 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.
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Originations
246Origination Dollar Volume (All Markets)
$34,930,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 153 | $20,075,000 | $131,209 | $0 | 0.00% |
| ALBANY, GA (FHA|USDA|VA) | 41 | $4,275,000 | $104,268 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $2,850,000 | $712,500 | $0 | 0.00% |
| DOTHAN, AL (FHA|USDA|VA) | 14 | $2,710,000 | $193,571 | $0 | 0.00% |
| Bainbridge, GA (FHA|USDA|VA) | 17 | $1,755,000 | $103,235 | $0 | 0.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $0 | 0.00% |
| Eufaula, AL-GA (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| Americus, GA (FHA|USDA|VA) | 7 | $295,000 | $42,143 | $0 | 0.00% |
| Cordele, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 246 | $34,930,000 | $141,992 | $0 | 0.00% |
For 2024, First State Bank Of Blakely's most frequently originated type of loan was Conventional, with 246 originations.
Loan Reason
For 2024, First State Bank Of Blakely's most frequently cited loan purpose was Refi, with 183 originations. The 2nd most popular reason was Home Purchase, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 246 | $34,930,000 | $141,992 | $0 | 0.00% |
For 2024, First State Bank Of Blakely's most frequently cited loan duration was Other, with 246 originations.
Loan Sizing
2024 saw First State Bank Of Blakely place emphasis on $100,000 or less loans with 159 originations, totaling $6,945,000 in origination value.
Applicant Income
First State Bank Of Blakely lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $150k-250k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 246 | $34,930,000 | $141,992 | $0 | 0.00% |
First State Bank Of Blakely lent most frequently to those with DTI ratios of Exempt%, with 246 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.60%
First State Bank Of Blakely has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination99.59%
First State Bank Of Blakely 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 | 246 | $34,930,000 | $141,992 |