First Southern Bank Mortgage Rates, Fees & Info
Columbia, MSLEI: 549300E3YGSOYL74CF74
Tax ID: 64-0386262
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Mortgage Data
Review & Overview
First Southern Bank is a smaller bank specializing in Refi and Home Purchase loans. First Southern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hattiesburg, Gulfport, Picayune, Laurel, and Starkville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)First Southern 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.
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Originations
84Origination Dollar Volume (All Markets)
$10,090,000Top 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 |
|---|---|---|---|---|---|
| HATTIESBURG, MS (FHA|USDA|VA) | 30 | $3,290,000 | $109,667 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $2,435,000 | $78,548 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 10 | $2,420,000 | $242,000 | $0 | 0.00% |
| Picayune, MS (FHA|USDA|VA) | 10 | $1,270,000 | $127,000 | $0 | 0.00% |
| Laurel, MS (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $10,090,000 | $120,119 | $0 | 0.00% |
For 2024, First Southern Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2024, First Southern Bank's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $10,090,000 | $120,119 | $0 | 0.00% |
For 2024, First Southern Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2024 saw First Southern Bank place emphasis on $100,000 or less loans with 51 originations, totaling $2,765,000 in origination value.
Applicant Income
First Southern Bank lent most frequently to those with incomes in the $100k-150k range, with 15 originations. The second most popular income band? $50k or less, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $10,090,000 | $120,119 | $0 | 0.00% |
First Southern Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.59%
First Southern Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.90%
First Southern Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $10,090,000 | $120,119 |