Hamilton State Bank Mortgage Rates, Fees & Info

Hochston, GA

LEI: 549300BKE6IT7LYIF705

Tax ID: 20-1515603

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
  • Complaints
  • Similar Lenders
  • 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

    Hamilton State Bank is a smaller bank specializing in Refi and Home Purchase loans. Hamilton State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Atlanta, Gainesville, Panama City, and Milledgeville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hamilton State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hamilton State Bank 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 about average 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.

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    Originations

    79

    Origination Dollar Volume (All Markets)

    $21,685,000

    Awards

    Hamilton State Bank 30 Year Conventional Loans gold Hamilton State Bank 30 Year Conventional Loans silver
    Show all (2) awards

    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
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $9,755,000 $9,755,000 $0 4.20%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 62 $9,400,000 $151,613 $2,625 4.76%
    GAINESVILLE, GA (FHA|USDA|VA) 11 $1,955,000 $177,727 $0 5.64%
    Outside of Metro Areas 3 $345,000 $115,000 $3,606 4.50%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.00%
    Milledgeville, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
    Hamilton State Bank's top markets include Nashville, Atlanta, Gainesville, Panama City, and Milledgeville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Hamilton State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First National Bank of Griffin
    Similarity Rank: 592
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    Hamilton State Bank
    Similarity Rank: 1194
    VICTORY MORTGAGE, L.L.C.
    Similarity Rank: 1495
    LGE COMMUNITY
    Similarity Rank: 1960
    Victory Community Bank
    Similarity Rank: 2030
    CREDIT UNION OF GEORGIA
    Similarity Rank: 2366
    East West Bank
    Similarity Rank: 3192
    CharterBank
    Similarity Rank: 3374
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 3450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 79 $21,685,000 $274,494 $2,689 4.89%

    For 2018, Hamilton State Bank's most frequently originated type of loan was Conventional, with 79 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 53 $7,815,000 $147,453 $2,345 5.03%
    Home Purchase 16 $13,530,000 $845,625 $5,049 4.70%
    Home Improvement 9 $305,000 $33,889 $1,397 4.47%
    Other 1 $35,000 $35,000 $1,419 4.25%

    For 2018, Hamilton State Bank's most frequently cited loan purpose was Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 21 $2,985,000 $142,143 $2,411 4.42%
    Other 17 $3,565,000 $209,706 $0 5.65%
    10 Year 13 $655,000 $50,385 $1,475 4.36%
    30 Year 12 $3,180,000 $265,000 $4,510 4.29%
    5 Year 12 $1,310,000 $109,167 $1,239 5.75%
    1 Year 2 $160,000 $80,000 $0 5.75%
    3 Year 2 $9,830,000 $4,915,000 $0 4.35%

    For 2018, Hamilton State Bank's most frequently cited loan duration was 15 Year, with 21 originations. The 2nd most popular length was Other, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 20 $1,340,000 $67,000
    $1k-2k 12 $1,060,000 $88,333
    $2k-3k 7 $1,365,000 $195,000
    $3k-4k 2 $960,000 $480,000
    $4k-5k 2 $870,000 $435,000
    $5k+ 2 $1,010,000 $505,000

    Hamilton State Bank's average total fees were $4,510, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 40 $17,020,000 $425,500
    5-6% 19 $3,225,000 $169,737
    3-4% 11 $885,000 $80,455
    6-7% 9 $555,000 $61,667

    During 2018, Hamilton State Bank's average interest rate for loans was 4.29%, while their most frequently originated rate bucket for loans was 4-5%, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,370,000 $49,375 $1,375 5.03%
    $100k-200k 14 $2,170,000 $155,000 $3,239 4.70%
    $200k-400k 7 $1,785,000 $255,000 $3,716 4.75%
    $400k-600k 5 $2,475,000 $495,000 $7,969 4.30%
    $600k-1MM 3 $1,925,000 $641,667 $4,639 5.03%
    $1MM+ 2 $10,960,000 $5,480,000 $0 4.60%

    2018 saw Hamilton State Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 16 $810,000 $50,625 $1,596 4.66%
    $50k-75k 15 $965,000 $64,333 $1,622 5.00%
    $100k-150k 14 $3,030,000 $216,429 $3,105 4.87%
    $150k-250k 8 $2,020,000 $252,500 $5,508 4.88%
    $250k+ 8 $2,140,000 $267,500 $4,977 4.77%
    $75k-100k 7 $325,000 $46,429 $1,991 5.21%

    Hamilton State Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $50k-75k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 11 $1,915,000 $174,091 $3,397 4.26%
    <20% 8 $870,000 $108,750 $2,413 4.53%
    39% 7 $1,475,000 $210,714 $3,379 4.27%
    20-30% 6 $780,000 $130,000 $2,722 4.40%
    42% 3 $65,000 $21,667 $1,139 5.75%
    36% 3 $265,000 $88,333 $2,930 4.83%
    50-60% 3 $585,000 $195,000 $1,167 4.83%
    >60% 2 $100,000 $50,000 $0 6.75%
    38% 2 $300,000 $150,000 $3,247 4.19%
    40% 2 $100,000 $50,000 $1,785 4.25%
    41% 2 $170,000 $85,000 $1,718 4.50%
    43% 2 $150,000 $75,000 $3,529 5.50%
    49% 1 $95,000 $95,000 $639 4.50%
    37% 1 $35,000 $35,000 $1,289 4.00%

    Hamilton State Bank lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? <20%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 9 $11,745,000 $1,305,000 $0 5.03%
    White 59 $8,755,000 $148,390 $2,720 4.89%
    Black 6 $640,000 $106,667 $2,605 4.19%
    Not provided 5 $545,000 $109,000 $2,344 5.53%

    Approval Rates

    Total approvals of all applications
    76.74%

    Hamilton State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    75.95%

    Hamilton State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 79 $21,685,000 $274,494

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $595,000 $595,000
    Multifamily:Site-Built 3 $11,025,000 $3,675,000
    Single Family (1-4 Units):Manufactured 9 $545,000 $60,556
    Single Family (1-4 Units):Site-Built 66 $9,520,000 $144,242

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $890,000 $63,571 $1,119 4.64%
    40-60% 18 $12,090,000 $671,667 $2,239 4.95%
    60-80% 23 $4,595,000 $199,783 $4,005 4.89%
    80-100% 11 $3,665,000 $333,182 $5,368 4.92%
    Over 100% 1 $65,000 $65,000 $652 5.35%
    Under 20% 12 $380,000 $31,667 $1,027 5.03%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HAMILTON GROUP FUNDING, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%