Arthur State Bank Mortgage Rates, Fees & Info

Union, SC

LEI: 549300DK682S26NIMG70

Tax ID: 57-0116890

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Arthur State Bank is a smaller bank specializing in Home Purchase and Refi loans. Arthur State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Spartanburg, Charlotte, Columbia, and Charleston among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Arthur State Bank 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. Arthur State Bank 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.43% 12/16/24
    30 Year Conventional Refi 6.37% 12/16/24
    30 Year Cash-out Refi 6.76% 12/16/24
    15 Year Conventional Purchase 6.05% 12/16/24
    15 Year Conventional Refi 5.90% 12/16/24
    15 Year Cash-out Refi 5.90% 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.

    Arthur State Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Arthur State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    345

    Origination Dollar Volume (All Markets)

    $101,435,000
    Show all (7) awards

    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
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 81 $22,795,000 $281,420 $4,404 4.58%
    SPARTANBURG, SC (FHA|USDA|VA) 82 $18,970,000 $231,341 $3,736 4.45%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 41 $16,905,000 $412,317 $6,048 3.85%
    COLUMBIA, SC (FHA|USDA|VA) 47 $15,685,000 $333,723 $6,017 4.94%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 6 $8,930,000 $1,488,333 $12,931 3.17%
    Union, SC (FHA|USDA|VA) 49 $6,865,000 $140,102 $3,190 4.29%
    Outside of Metro Areas 5 $1,575,000 $315,000 $5,710 5.28%
    Greenwood, SC (FHA|USDA|VA) 6 $1,470,000 $245,000 $4,073 4.04%
    Georgetown, SC (FHA|USDA|VA) 3 $1,465,000 $488,333 $6,860 3.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $1,355,000 $451,667 $10,913 4.21%
    Newberry, SC (FHA|USDA|VA) 5 $1,315,000 $263,000 $5,130 4.53%
    Forest City, NC (FHA|USDA|VA) 4 $1,030,000 $257,500 $5,053 4.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $985,000 $328,333 $3,636 5.33%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $910,000 $455,000 $5,390 3.38%
    Seneca, SC (FHA|USDA|VA) 2 $530,000 $265,000 $4,433 2.94%
    Gaffney, SC (FHA|USDA|VA) 2 $330,000 $165,000 $3,425 3.56%
    FLORENCE, SC (FHA|USDA|VA) 2 $220,000 $110,000 $0 5.25%
    Orangeburg, SC (FHA|USDA|VA) 2 $100,000 $50,000 $0 4.50%
    Arthur State Bank's top markets include Greenville, Spartanburg, Charlotte, Columbia, and Charleston among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Arthur State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    CAROLINA FOOTHILLS
    Similarity Rank: 440
    GREENVILLE FEDERAL CREDIT UNION
    Similarity Rank: 588
    Palmetto Citizens Federal Credit Union
    Similarity Rank: 624
    Security Federal Bank
    Similarity Rank: 816
    FINANCIAL RESOURCES FEDERAL CREDIT UNION
    Similarity Rank: 1160
    Coastal Carolina National Bank
    Similarity Rank: 1300
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 1330
    Peoples Bank
    Similarity Rank: 1562
    Grow Financial Federal Credit Union
    Similarity Rank: 1702
    Community First Bank, Inc.
    Similarity Rank: 1781

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 345 $101,435,000 $294,014 $4,636 4.42%

    For 2022, Arthur State Bank's most frequently originated type of loan was Conventional, with 345 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 201 $62,995,000 $313,408 $5,100 4.55%
    Refi 87 $27,875,000 $320,402 $4,312 4.03%
    Cash Out Refi 28 $5,000,000 $178,571 $3,934 4.29%
    Other 21 $4,435,000 $211,190 $3,725 5.03%
    Home Improvement 8 $1,130,000 $141,250 $2,749 4.14%

    For 2022, Arthur State Bank's most frequently cited loan purpose was Home Purchase, with 201 originations. The 2nd most popular reason was Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 163 $52,685,000 $323,221 $4,337 4.28%
    30+ year 59 $25,755,000 $436,525 $7,070 4.07%
    15 Year 39 $6,765,000 $173,462 $3,648 4.06%
    5 Year 38 $10,620,000 $279,474 $749 5.17%
    20 Year 19 $2,505,000 $131,842 $3,381 5.84%
    10 Year 19 $1,785,000 $93,947 $1,872 3.85%
    Other 8 $1,320,000 $165,000 $1,981 5.89%

    For 2022, Arthur State Bank's most frequently cited loan duration was 30 Year, with 163 originations. The 2nd most popular length was 30+ year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 77 $11,195,000 $145,390
    $1k-2k 74 $11,820,000 $159,730
    $2k-3k 54 $14,110,000 $261,296
    $5k+ 35 $32,795,000 $937,000
    $3k-4k 25 $8,245,000 $329,800
    $4k-5k 22 $9,170,000 $416,818

    Arthur State Bank's average total fees were $4,337, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 77 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 115 $45,095,000 $392,130
    5-6% 98 $29,240,000 $298,367
    4-5% 47 $11,325,000 $240,957
    2.5-3% 39 $7,165,000 $183,718
    6-7% 28 $5,150,000 $183,929
    <2.5% 9 $1,655,000 $183,889
    7-8% 9 $1,805,000 $200,556

    During 2022, Arthur State Bank's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 3-4%, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 113 $32,215,000 $285,088 $4,444 4.17%
    $100k-200k 94 $14,050,000 $149,468 $3,173 4.73%
    $100,000 or less 69 $4,275,000 $61,957 $2,215 4.59%
    $400k-600k 41 $19,035,000 $464,268 $6,328 4.28%
    $600k-1MM 16 $11,690,000 $730,625 $10,456 4.21%
    $1MM+ 12 $20,170,000 $1,680,833 $15,136 4.03%

    2022 saw Arthur State Bank place emphasis on $200k-400k loans with 113 originations, totaling $32,215,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 65 $11,965,000 $184,077 $3,438 4.13%
    $100k-150k 52 $15,700,000 $301,923 $4,602 4.00%
    $50k or less 52 $4,880,000 $93,846 $2,576 4.50%
    $75k-100k 44 $9,620,000 $218,636 $3,875 4.16%
    $250k+ 36 $28,530,000 $792,500 $8,911 4.26%
    $150k-250k 34 $15,800,000 $464,706 $6,654 4.08%

    Arthur State Bank lent most frequently to those with incomes in the $50k-75k range, with 65 originations. The second most popular income band? $100k-150k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 76 $19,340,000 $254,474 $4,108 4.20%
    30-36% 59 $18,435,000 $312,458 $4,630 4.05%
    <20% 39 $15,035,000 $385,513 $5,267 4.06%
    36% 20 $7,090,000 $354,500 $5,035 4.53%
    38% 17 $4,595,000 $270,294 $4,138 4.38%
    37% 16 $4,370,000 $273,125 $4,937 4.16%
    42% 16 $4,690,000 $293,125 $4,624 3.93%
    40% 12 $3,220,000 $268,333 $4,154 4.29%
    41% 10 $3,930,000 $393,000 $6,539 4.99%
    39% 8 $1,520,000 $190,000 $3,514 3.98%
    43% 6 $3,180,000 $530,000 $5,286 3.85%
    44% 5 $695,000 $139,000 $3,975 4.95%
    45% 1 $125,000 $125,000 $3,088 2.75%
    50-60% 1 $605,000 $605,000 $9,052 5.00%

    Arthur State Bank lent most frequently to those with DTI ratios of 20-30%, with 76 originations. The next most common DTI ratio? 30-36%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 248 $75,120,000 $302,903 $4,656 4.24%
    Not applicable 47 $12,855,000 $273,511 $8,686 5.46%
    Black 19 $6,305,000 $331,842 $4,963 4.08%
    Not provided 24 $5,500,000 $229,167 $4,108 4.47%
    Asian 6 $1,560,000 $260,000 $4,336 4.15%
    Native Hawaiian or Islander 1 $95,000 $95,000 $3,482 4.75%

    Approval Rates

    Total approvals of all applications
    89.22%

    Arthur State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.83%

    Arthur State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 345 $101,435,000 $294,014

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    345 $101,435,000 $294,014

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $5,465,000 $188,448 $3,343 3.91%
    40-60% 43 $8,915,000 $207,326 $4,115 4.66%
    60-80% 121 $37,895,000 $313,182 $5,154 4.51%
    80-100% 148 $48,810,000 $329,797 $4,755 4.38%
    Under 20% 4 $350,000 $87,500 $1,963 3.88%