West Alabama Bank & Trust Mortgage Rates, Fees & Info
Reform, ALLEI: 549300BWXUPDS3PDOL40
Tax ID: 63-0237528
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
West Alabama Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. West Alabama Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Tuscaloosa, Daphne, Decatur, Crestview, and Birmingham among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)West Alabama Bank & Trust 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
117Origination Dollar Volume (All Markets)
$42,615,000Top 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 |
|---|---|---|---|---|---|
| TUSCALOOSA, AL (FHA|USDA|VA) | 62 | $10,410,000 | $167,903 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $9,350,000 | $2,337,500 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $5,925,000 | $5,925,000 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $5,820,000 | $242,500 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $5,445,000 | $1,815,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $1,015,000 | $1,015,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 7 | $555,000 | $79,286 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 117 | $42,615,000 | $364,231 | $0 | 0.00% |
For 2024, West Alabama Bank & Trust's most frequently originated type of loan was Conventional, with 117 originations.
Loan Reason
For 2024, West Alabama Bank & Trust's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 117 | $42,615,000 | $364,231 | $0 | 0.00% |
For 2024, West Alabama Bank & Trust's most frequently cited loan duration was Other, with 117 originations.
Loan Sizing
2024 saw West Alabama Bank & Trust place emphasis on $100,000 or less loans with 51 originations, totaling $2,885,000 in origination value.
Applicant Income
West Alabama Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 16 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 117 | $42,615,000 | $364,231 | $0 | 0.00% |
West Alabama Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 117 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.49%
West Alabama Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination89.74%
West Alabama Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 117 | $42,615,000 | $364,231 |