Banksouth Mortgage Rates, Fees & Info
Greensboro, GALEI: 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, Hilton Head Island, and Augusta among others. We have data for 21 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
201Origination Dollar Volume (All Markets)
$111,645,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 84 | $62,330,000 | $742,024 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 38 | $18,130,000 | $477,105 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 28 | $11,970,000 | $427,500 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 25 | $7,695,000 | $307,800 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $1,590,000 | $795,000 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 5 | $1,475,000 | $295,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $1,435,000 | $1,435,000 | $0 | 0.00% |
| Seneca, SC (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| Cordele, GA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 201 | $111,645,000 | $555,448 | $0 | 0.00% |
For 2024, Banksouth's most frequently originated type of loan was Conventional, with 201 originations.
Loan Reason
For 2024, Banksouth's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 201 | $111,645,000 | $555,448 | $0 | 0.00% |
For 2024, Banksouth's most frequently cited loan duration was Other, with 201 originations.
Loan Sizing
2024 saw Banksouth place emphasis on $200k-400k loans with 50 originations, totaling $14,660,000 in origination value.
Applicant Income
Banksouth lent most frequently to those with incomes in the $250k+ range, with 78 originations. The second most popular income band? $150k-250k, with 33 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 201 | $111,645,000 | $555,448 | $0 | 0.00% |
Banksouth lent most frequently to those with DTI ratios of Exempt%, with 201 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.33%
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 origination79.10%
Banksouth has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 201 | $111,645,000 | $555,448 |