Taylorsville Savings Bank Ssb Mortgage Rates, Fees & Info
Taylorsville, NCLEI: 549300BV0LT7IVZH9408
Tax ID: 56-0425630
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Mortgage Data
Review & Overview
Taylorsville Savings Bank Ssb is a smaller bank specializing in Home Purchase loans. Taylorsville Savings Bank Ssb has a high proportion of conventional loans. Their top two markets are Hickory and Charlotte .Taylorsville Savings Bank Ssb 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.
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Originations
58Origination Dollar Volume (All Markets)
$11,050,000Top 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 |
|---|---|---|---|---|---|
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 44 | $7,750,000 | $176,136 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 14 | $3,300,000 | $235,714 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $11,050,000 | $190,517 | $0 | 0.00% |
For 2019, Taylorsville Savings Bank Ssb's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2019, Taylorsville Savings Bank Ssb's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 14 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $11,050,000 | $190,517 | $0 | 0.00% |
For 2019, Taylorsville Savings Bank Ssb's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2019 saw Taylorsville Savings Bank Ssb place emphasis on $100,000 or less loans with 19 originations, totaling $1,115,000 in origination value.
Applicant Income
Taylorsville Savings Bank Ssb lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $11,050,000 | $190,517 | $0 | 0.00% |
Taylorsville Savings Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.78%
Taylorsville Savings Bank Ssb has an average approval rate.
Pick Rate
Approvals leading to origination63.79%
Taylorsville Savings Bank Ssb has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 58 | $11,050,000 | $190,517 |