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 Big Stone Gap among others. We have data for 111 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 about average 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% | 12/16/24 |
| 30 Year Conventional Purchase | 7.07% | 12/16/24 |
| 30 Year Conventional Refi | 6.90% | 12/16/24 |
| 30 Year Cash-out Refi | 7.19% | 12/16/24 |
| 30 Year FHA Purchase | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.71% | 12/16/24 |
| 30 Year USDA Purchase | 7.15% | 12/16/24 |
| 15 Year Conventional Purchase | 6.54% | 12/16/24 |
| 15 Year Conventional Refi | 6.49% | 12/16/24 |
| 15 Year Cash-out Refi | 6.49% | 12/16/24 |
| 15 Year FHA Purchase | 8.78% | 12/16/24 |
| 15 Year VA Purchase | 6.78% | 12/16/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,630Origination Dollar Volume (All Markets)
$633,040,000Awards
EASTMAN - 2019
EASTMAN is a 2019 , due to their low .
For 2019, 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) | 2,131 | $255,395,000 | $119,847 | $2,459 | 5.09% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1,189 | $163,695,000 | $137,675 | $2,674 | 5.04% |
| LONGVIEW, TX (FHA|USDA|VA) | 393 | $66,675,000 | $169,656 | $3,695 | 4.87% |
| Greeneville, TN (FHA|USDA|VA) | 242 | $37,600,000 | $155,372 | $2,619 | 5.17% |
| Outside of Metro Areas | 229 | $23,945,000 | $104,563 | $2,631 | 5.26% |
| Big Stone Gap, VA (FHA|USDA|VA) | 94 | $9,730,000 | $103,511 | $2,288 | 5.41% |
| KNOXVILLE, TN (FHA|USDA|VA) | 45 | $9,705,000 | $215,667 | $3,652 | 5.22% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 21 | $5,895,000 | $280,714 | $3,549 | 4.82% |
| MORRISTOWN, TN (FHA|USDA|VA) | 32 | $4,390,000 | $137,188 | $2,783 | 5.16% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $3,525,000 | $235,000 | $3,783 | 5.18% |
| TYLER, TX (FHA|USDA|VA) | 17 | $3,305,000 | $194,412 | $3,490 | 4.82% |
| Sevierville, TN (FHA|USDA|VA) | 13 | $2,785,000 | $214,231 | $2,838 | 5.15% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $2,740,000 | $456,667 | $3,552 | 5.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 14 | $2,480,000 | $177,143 | $4,693 | 5.34% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $2,005,000 | $668,333 | $4,758 | 4.29% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 4 | $1,910,000 | $477,500 | $9,197 | 5.23% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 9 | $1,885,000 | $209,444 | $2,594 | 4.43% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 4 | $1,780,000 | $445,000 | $3,080 | 4.41% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 7 | $1,775,000 | $253,571 | $4,533 | 4.89% |
| Bluefield, WV-VA (FHA|USDA|VA) | 8 | $1,480,000 | $185,000 | $2,645 | 4.75% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $2,619 | 4.69% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $9,929 | 3.53% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $1,210,000 | $605,000 | $7,594 | 4.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $4,622 | 4.78% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 6 | $940,000 | $156,667 | $3,715 | 4.30% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $3,602 | 4.75% |
| Newport, TN (FHA|USDA|VA) | 7 | $805,000 | $115,000 | $2,860 | 5.27% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $3,494 | 4.83% |
| COLUMBIA, SC (FHA|USDA|VA) | 7 | $755,000 | $107,857 | $2,395 | 4.43% |
| ASHEVILLE, NC (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $2,938 | 4.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,636 | 4.69% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,042 | 5.19% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,434 | 3.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $3,892 | 4.17% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,803 | 5.25% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,961 | 5.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,514 | 5.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $2,822 | 4.66% |
| ROANOKE, VA (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,937 | 4.83% |
| Cookeville, TN (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $2,890 | 4.29% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,529 | 4.81% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,621 | 4.06% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $3,004 | 4.75% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,069 | 3.88% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,660 | 4.63% |
| Tifton, GA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $3,850 | 5.06% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,575 | 3.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $5,331 | 4.56% |
| Danville, VA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $5,397 | 5.94% |
| Central City, KY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,375 | 4.13% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,971 | 5.50% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,164 | 4.88% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,961 | 4.38% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,049 | 3.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,349 | 4.81% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,968 | 4.25% |
| ODESSA, TX (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $6,091 | 4.38% |
| CLEVELAND, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,090 | 3.75% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $2,074 | 5.06% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,733 | 5.88% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,625 | 4.38% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,138 | 4.25% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,203 | 5.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,410 | 4.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $3,000 | 4.44% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,975 | 5.63% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,397 | 2.88% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,927 | 4.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,966 | 5.50% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,031 | 4.38% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $7,391 | 4.50% |
| Mount Pleasant, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,579 | 3.75% |
| Dayton, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,625 | 5.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,022 | 4.88% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,658 | 4.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,895 | 4.50% |
| Helena-West Helena, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,003 | 4.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,976 | 5.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $3,646 | 4.71% |
| Paragould, AR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,096 | 4.13% |
| London, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,120 | 4.63% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,235 | 4.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,512 | 5.63% |
| Athens, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,265 | 5.75% |
| OCALA, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,105 | 3.75% |
| Boone, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,050 | 3.75% |
| Batesville, AR (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,538 | 5.31% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $1,832 | 4.63% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,218 | 3.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,659 | 5.75% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,026 | 3.88% |
| Campbellsville, KY (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,353 | 4.88% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,731 | 3.75% |
| Nacogdoches, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,862 | 5.50% |
| Athens, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,351 | 6.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,488 | 4.50% |
| Adrian, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,932 | 6.38% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,323 | 4.25% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,148 | 4.25% |
| Elk City, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,637 | 5.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,687 | 4.38% |
| Martin, TN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.63% |
| Scottsboro, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.50% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,811 | 3.50% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,385 | 5.00% |
| Newberry, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,319 | 5.38% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $1,503 | 5.00% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $2,415 | 3.25% |
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Product Mix
For 2019, Eastman's most frequently originated type of loan was Conventional, with 3,765 originations. Their 2nd most popular type was HELOC, with 808 originations.
Loan Reason
For 2019, Eastman's most frequently cited loan purpose was Home Purchase, with 2,504 originations. The 2nd most popular reason was Home Improvement, with 638 originations.
Loan Duration/Length
For 2019, Eastman's most frequently cited loan duration was 30 Year, with 2,261 originations. The 2nd most popular length was 15 Year, with 1,182 originations.
Origination Fees/Closing Costs
Eastman's average total fees were $3,126, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,915 originations.
Interest Rates
During 2019, Eastman's average interest rate for loans was 5.09%, while their most frequently originated rate bucket for loans was 5-6%, with 1,847 originations.
Loan Sizing
2019 saw Eastman place emphasis on $100,000 or less loans with 2,156 originations, totaling $121,950,000 in origination value.
Applicant Income
Eastman lent most frequently to those with incomes in the $50k or less range, with 1,372 originations. The second most popular income band? $50k-75k, with 1,177 originations.
Applicant Debt to Income Ratio
Eastman lent most frequently to those with DTI ratios of 20-30%, with 1,200 originations. The next most common DTI ratio? 30-36%, with 1,016 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.20%
Eastman has an average approval rate.
Pick Rate
Approvals leading to origination76.61%
Eastman has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,630 | $633,040,000 | $136,726 |