The Samson Banking Company Mortgage Rates, Fees & Info

Samson, AL

LEI: 549300DQG9B47MV1MR51

Tax ID: 63-0182250

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Samson Banking Company is a smaller bank specializing in Refi and Home Purchase loans. The Samson Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Crestview, Enterprise, and Panama City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Samson Banking Company 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.

    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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    Originations

    90

    Origination Dollar Volume (All Markets)

    $7,190,000

    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
    DOTHAN, AL (FHA|USDA|VA) 64 $4,380,000 $68,438 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $835,000 $119,286 $0 0.00%
    Enterprise, AL (FHA|USDA|VA) 8 $830,000 $103,750 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
    Outside of Metro Areas 9 $515,000 $57,222 $0 0.00%
    The Samson Banking Company's top markets include Dothan, Crestview, Enterprise, and Panama City among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 90 $7,190,000 $79,889 $0 0.00%

    For 2024, The Samson Banking Company's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 40 $2,470,000 $61,750 $0 0.00%
    Home Purchase 32 $3,930,000 $122,813 $0 0.00%
    Other 10 $570,000 $57,000 $0 0.00%
    Home Improvement 8 $220,000 $27,500 $0 0.00%

    For 2024, The Samson Banking Company's most frequently cited loan purpose was Refi, with 40 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $7,190,000 $79,889 $0 0.00%

    For 2024, The Samson Banking Company's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 64 $2,460,000 $38,438 $0 0.00%
    $100k-200k 16 $2,120,000 $132,500 $0 0.00%
    $200k-400k 9 $2,205,000 $245,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2024 saw The Samson Banking Company place emphasis on $100,000 or less loans with 64 originations, totaling $2,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $1,235,000 $39,839 $0 0.00%
    $50k-75k 17 $1,165,000 $68,529 $0 0.00%
    $100k-150k 13 $1,365,000 $105,000 $0 0.00%
    $75k-100k 11 $1,335,000 $121,364 $0 0.00%
    $250k+ 4 $970,000 $242,500 $0 0.00%
    $150k-250k 3 $195,000 $65,000 $0 0.00%

    The Samson Banking Company lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $7,190,000 $79,889 $0 0.00%

    The Samson Banking Company lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $5,800,000 $78,378 $0 0.00%
    Not applicable 10 $900,000 $90,000 $0 0.00%
    Black 4 $450,000 $112,500 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%
    Native Hawaiian or Islander 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.00%

    The Samson Banking Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    93.33%

    The Samson Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $7,190,000 $79,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    90 $7,190,000 $79,889