Banksouth Mortgage Rates, Fees & Info

Greensboro, GA

LEI: 549300EA0U825E61X330

Tax ID: 58-2267017

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Mortgage Data

Review & Overview

Banksouth is a smaller bank specializing in Home Purchase loans. Banksouth has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Savannah, Athens, Augusta, and North Port among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Banksouth has an above 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

221

Origination Dollar Volume (All Markets)

$122,105,000

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
Outside of Metro Areas 75 $61,275,000 $817,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 58 $20,490,000 $353,276 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 33 $14,125,000 $428,030 $0 0.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 31 $11,465,000 $369,839 $0 0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 8 $3,120,000 $390,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 0.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $1,945,000 $1,945,000 $0 0.00%
Statesboro, GA (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $885,000 $885,000 $0 0.00%
OCALA, FL (FHA|USDA|VA) 1 $805,000 $805,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
Milledgeville, GA (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Seneca, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
VALDOSTA, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Banksouth's top markets include Atlanta, Savannah, Athens, Augusta, and North Port among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 221 $122,105,000 $552,511 $0 0.00%

    For 2022, Banksouth's most frequently originated type of loan was Conventional, with 221 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 158 $93,340,000 $590,759 $0 0.00%
    Refi 36 $23,550,000 $654,167 $0 0.00%
    Home Improvement 12 $1,090,000 $90,833 $0 0.00%
    Cash Out Refi 9 $3,125,000 $347,222 $0 0.00%
    Other 6 $1,000,000 $166,667 $0 0.00%

    For 2022, Banksouth's most frequently cited loan purpose was Home Purchase, with 158 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 221 $122,105,000 $552,511 $0 0.00%

    For 2022, Banksouth's most frequently cited loan duration was Other, with 221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 49 $7,255,000 $148,061 $0 0.00%
    $200k-400k 49 $13,715,000 $279,898 $0 0.00%
    $1MM+ 34 $59,180,000 $1,740,588 $0 0.00%
    $600k-1MM 34 $26,600,000 $782,353 $0 0.00%
    $400k-600k 29 $13,535,000 $466,724 $0 0.00%
    $100,000 or less 26 $1,820,000 $70,000 $0 0.00%

    2022 saw Banksouth place emphasis on $100k-200k loans with 49 originations, totaling $7,255,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 71 $59,885,000 $843,451 $0 0.00%
    $150k-250k 53 $19,055,000 $359,528 $0 0.00%
    $75k-100k 21 $5,275,000 $251,190 $0 0.00%
    $100k-150k 18 $4,960,000 $275,556 $0 0.00%
    $50k or less 11 $1,355,000 $123,182 $0 0.00%
    $50k-75k 6 $1,470,000 $245,000 $0 0.00%

    Banksouth lent most frequently to those with incomes in the $250k+ range, with 71 originations. The second most popular income band? $150k-250k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 221 $122,105,000 $552,511 $0 0.00%

    Banksouth lent most frequently to those with DTI ratios of Exempt%, with 221 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $78,205,000 $524,866 $0 0.00%
    Not applicable 36 $27,910,000 $775,278 $0 0.00%
    Not provided 22 $12,280,000 $558,182 $0 0.00%
    Black 10 $1,910,000 $191,000 $0 0.00%
    Asian 2 $980,000 $490,000 $0 0.00%
    American Indian 1 $505,000 $505,000 $0 0.00%
    Asian Indian 1 $315,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.99%

    Banksouth 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
    85.07%

    Banksouth has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 221 $122,105,000 $552,511

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    221 $122,105,000 $552,511