West Alabama Bank & Trust Mortgage Rates, Fees & Info
Reform, ALLEI: 549300BWXUPDS3PDOL40
Tax ID: 63-0237528
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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, Birmingham, Huntsville, and Albertville among others. We have data for 18 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
143Origination Dollar Volume (All Markets)
$39,715,000Top 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) | 69 | $14,975,000 | $217,029 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 8 | $5,560,000 | $695,000 | $0 | 0.00% |
| Outside of Metro Areas | 33 | $5,215,000 | $158,030 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 13 | $4,625,000 | $355,769 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $3,105,000 | $1,035,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 2 | $1,510,000 | $755,000 | $0 | 0.00% |
| Columbus, MS (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| Meridian, MS (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 143 | $39,715,000 | $277,727 | $0 | 0.00% |
For 2022, West Alabama Bank & Trust's most frequently originated type of loan was Conventional, with 143 originations.
Loan Reason
For 2022, West Alabama Bank & Trust's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 143 | $39,715,000 | $277,727 | $0 | 0.00% |
For 2022, West Alabama Bank & Trust's most frequently cited loan duration was Other, with 143 originations.
Loan Sizing
2022 saw West Alabama Bank & Trust place emphasis on $100,000 or less loans with 50 originations, totaling $2,520,000 in origination value.
Applicant Income
West Alabama Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $250k+, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 143 | $39,715,000 | $277,727 | $0 | 0.00% |
West Alabama Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.68%
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 origination91.61%
West Alabama Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 143 | $39,715,000 | $277,727 |