West Alabama Bank & Trust Mortgage Rates, Fees & Info
Reform, ALLEI: 549300BWXUPDS3PDOL40
Tax ID: 63-0237528
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Mortgage Data
Review & Overview
West Alabama Bank & Trust is a smaller bank specializing in Home Purchase loans. West Alabama Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Crestview, Tuscaloosa, Daphne, Birmingham, and Columbus among others. We have data for 13 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 an above average pick rate when compared to similar lenders.
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Originations
113Origination Dollar Volume (All Markets)
$47,225,000Top 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 |
|---|---|---|---|---|---|
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $23,320,000 | $5,830,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 51 | $9,835,000 | $192,843 | $0 | 0.00% |
| Outside of Metro Areas | 24 | $7,190,000 | $299,583 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 8 | $2,270,000 | $283,750 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 9 | $1,635,000 | $181,667 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 5 | $905,000 | $181,000 | $0 | 0.00% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 0.00% |
| Atmore, AL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| GREENVILLE, NC (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 | 113 | $47,225,000 | $417,920 | $0 | 0.00% |
For 2023, West Alabama Bank & Trust's most frequently originated type of loan was Conventional, with 113 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 73 | $38,535,000 | $527,877 | $0 | 0.00% |
| Refi | 34 | $8,450,000 | $248,529 | $0 | 0.00% |
| Other | 6 | $240,000 | $40,000 | $0 | 0.00% |
For 2023, West Alabama Bank & Trust's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 113 | $47,225,000 | $417,920 | $0 | 0.00% |
For 2023, West Alabama Bank & Trust's most frequently cited loan duration was Other, with 113 originations.
Loan Sizing
2023 saw West Alabama Bank & Trust place emphasis on $100,000 or less loans with 48 originations, totaling $2,220,000 in origination value.
Applicant Income
West Alabama Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $100k-150k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 113 | $47,225,000 | $417,920 | $0 | 0.00% |
West Alabama Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 113 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.90%
West Alabama Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.46%
West Alabama Bank & Trust 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 | 113 | $47,225,000 | $417,920 |