Eastman Mortgage Rates, Fees & Info
Kingsport, TNLEI: 549300DDLYW49R2HCV81
Tax ID: 62-6039479
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Mortgage Data
Review & Overview
Eastman is a smaller mortgage company specializing in Home Purchase loans. Eastman has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Kingsport, Johnson City, Longview, Greeneville, and Asheville among others. We have data for 104 markets. (Some data included below & more in-depth data is available with an active subscription.)Eastman 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. Eastman 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 relatively high 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.14% | 4/21/24 |
| 30 Year Conventional Purchase | 7.07% | 4/21/24 |
| 30 Year Conventional Refi | 6.90% | 4/21/24 |
| 30 Year Cash-out Refi | 7.19% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Purchase | 6.71% | 4/21/24 |
| 30 Year USDA Purchase | 7.15% | 4/21/24 |
| 15 Year Conventional Purchase | 6.54% | 4/21/24 |
| 15 Year Conventional Refi | 6.49% | 4/21/24 |
| 15 Year Cash-out Refi | 6.49% | 4/21/24 |
| 15 Year FHA Purchase | 8.78% | 4/21/24 |
| 15 Year VA Purchase | 6.78% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Eastman Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,156Origination Dollar Volume (All Markets)
$569,700,000Awards
EASTMAN - 2018
EASTMAN is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 2,007 | $232,535,000 | $115,862 | $2,356 | 5.16% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1,065 | $154,675,000 | $145,235 | $2,675 | 5.15% |
| LONGVIEW, TX (FHA|USDA|VA) | 340 | $56,070,000 | $164,912 | $3,626 | 5.23% |
| Greeneville, TN (FHA|USDA|VA) | 226 | $26,940,000 | $119,204 | $2,342 | 5.18% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $22,535,000 | $4,507,000 | $2,655 | 4.97% |
| Outside of Metro Areas | 178 | $17,780,000 | $99,888 | $2,299 | 5.45% |
| KNOXVILLE, TN (FHA|USDA|VA) | 37 | $7,775,000 | $210,135 | $3,032 | 5.06% |
| Big Stone Gap, VA (FHA|USDA|VA) | 59 | $4,955,000 | $83,983 | $2,094 | 5.67% |
| MORRISTOWN, TN (FHA|USDA|VA) | 23 | $2,805,000 | $121,957 | $2,661 | 4.95% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $2,795,000 | $310,556 | $5,903 | 4.88% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $2,475,000 | $225,000 | $3,898 | 4.74% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 12 | $2,350,000 | $195,833 | $2,602 | 5.07% |
| TYLER, TX (FHA|USDA|VA) | 10 | $1,600,000 | $160,000 | $3,336 | 4.89% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,485,000 | $495,000 | $7,770 | 4.29% |
| Sevierville, TN (FHA|USDA|VA) | 10 | $1,360,000 | $136,000 | $2,373 | 4.87% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 4 | $1,330,000 | $332,500 | $4,101 | 4.72% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $36,256 | 3.75% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $1,150,000 | $287,500 | $4,696 | 5.50% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,085,000 | $217,000 | $3,554 | 4.25% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $870,000 | $145,000 | $2,971 | 5.02% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,250 | 4.38% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $3,053 | 5.69% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $6,307 | 5.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,808 | 4.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $5,584 | 4.75% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $2,185 | 5.02% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $2,004 | 4.81% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $4,596 | 4.75% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $18,687 | 3.63% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,430 | 5.42% |
| Newport, TN (FHA|USDA|VA) | 5 | $615,000 | $123,000 | $2,237 | 6.20% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $1,876 | 4.63% |
| Mount Pleasant, TX (FHA|USDA|VA) | 3 | $525,000 | $175,000 | $2,998 | 4.67% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $2,266 | 5.25% |
| Durango, CO (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,503 | 5.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $3,165 | 4.88% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,849 | 3.69% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,710 | 5.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,806 | 4.88% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,422 | 4.38% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $6,723 | 3.50% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,228 | 4.25% |
| Batesville, AR (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $1,834 | 5.63% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,483 | 5.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,151 | 4.75% |
| Searcy, AR (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,200 | 4.81% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $2,657 | 6.19% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,867 | 6.19% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,145 | 4.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $7,121 | 4.88% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,951 | 4.88% |
| Martinsville, VA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,073 | 5.06% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,871 | 5.63% |
| TULSA, OK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,478 | 5.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,435 | 5.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 4 | $310,000 | $77,500 | $2,662 | 5.56% |
| Forest City, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,015 | 4.63% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,971 | 4.75% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,339 | 5.38% |
| LOUISVILLE, KY (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $2,387 | 5.44% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.75% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,298 | 5.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,120 | 5.33% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,093 | 4.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,808 | 4.25% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,794 | 5.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,682 | 5.25% |
| Oil City, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 5.00% |
| Ruston, LA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $2,121 | 4.95% |
| Georgetown, SC (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $2,817 | 5.56% |
| Brevard, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 5.25% |
| DALTON, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,688 | 5.38% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,924 | 4.63% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,832 | 4.63% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,672 | 4.63% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,605 | 5.13% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,439 | 4.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,581 | 4.88% |
| Newberry, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,015 | 4.13% |
| Beeville, TX (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,701 | 5.13% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,272 | 6.00% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,422 | 5.63% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,450 | 5.38% |
| Pullman, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 4.38% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,316 | 4.25% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,193 | 4.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,972 | 5.00% |
| Shelby, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,669 | 4.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,552 | 5.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,562 | 6.00% |
| Athens, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.80% |
| OCALA, FL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,525 | 4.88% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,621 | 5.25% |
| London, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,077 | 5.88% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $1,150 | 5.63% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,930 | 4.13% |
| MANKATO, MN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.75% |
| Union City, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,163 | 5.50% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,518 | 5.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,416 | 5.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $2,008 | 4.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.25% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.75% |
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Product Mix
For 2018, Eastman's most frequently originated type of loan was Conventional, with 3,357 originations. Their 2nd most popular type was HELOC, with 680 originations.
Loan Reason
For 2018, Eastman's most frequently cited loan purpose was Home Purchase, with 2,319 originations. The 2nd most popular reason was Cash Out Refi, with 685 originations.
Loan Duration/Length
For 2018, Eastman's most frequently cited loan duration was 30 Year, with 2,179 originations. The 2nd most popular length was 15 Year, with 1,063 originations.
Origination Fees/Closing Costs
Eastman's average total fees were $3,193, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,711 originations.
Interest Rates
During 2018, Eastman's average interest rate for loans was 5.40%, while their most frequently originated rate bucket for loans was 4-5%, with 1,845 originations.
Loan Sizing
2018 saw Eastman place emphasis on $100,000 or less loans with 2,075 originations, totaling $117,595,000 in origination value.
Applicant Income
Eastman lent most frequently to those with incomes in the $50k or less range, with 1,276 originations. The second most popular income band? $50k-75k, with 1,082 originations.
Applicant Debt to Income Ratio
Eastman lent most frequently to those with DTI ratios of 20-30%, with 1,049 originations. The next most common DTI ratio? 30-36%, with 886 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.02%
Eastman has an average approval rate.
Pick Rate
Approvals leading to origination79.28%
Eastman has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,156 | $569,700,000 | $137,079 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Equity Now Inc. | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |