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: Savannah, Atlanta, Athens, Seneca, and Milledgeville among others. We have data for 15 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

207

Origination Dollar Volume (All Markets)

$119,995,000

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 79 $55,815,000 $706,519 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 33 $29,125,000 $882,576 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 43 $15,755,000 $366,395 $0 0.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 28 $10,780,000 $385,000 $0 0.00%
Seneca, SC (FHA|USDA|VA) 6 $4,230,000 $705,000 $0 0.00%
Milledgeville, GA (FHA|USDA|VA) 5 $1,435,000 $287,000 $0 0.00%
Jefferson, GA (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
Statesboro, GA (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
VALDOSTA, GA (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
WILMINGTON, NC (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
GAINESVILLE, GA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
HINESVILLE, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
SPARTANBURG, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Banksouth's top markets include Savannah, Atlanta, Athens, Seneca, and Milledgeville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 207 $119,995,000 $579,686 $0 0.00%

    For 2023, Banksouth's most frequently originated type of loan was Conventional, with 207 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 152 $93,480,000 $615,000 $0 0.00%
    Refi 30 $19,220,000 $640,667 $0 0.00%
    Cash Out Refi 12 $4,220,000 $351,667 $0 0.00%
    Home Improvement 7 $1,395,000 $199,286 $0 0.00%
    Other 6 $1,680,000 $280,000 $0 0.00%

    For 2023, Banksouth's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 207 $119,995,000 $579,686 $0 0.00%

    For 2023, Banksouth's most frequently cited loan duration was Other, with 207 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 44 $6,360,000 $144,545 $0 0.00%
    $200k-400k 39 $11,455,000 $293,718 $0 0.00%
    $400k-600k 35 $16,755,000 $478,714 $0 0.00%
    $600k-1MM 35 $26,275,000 $750,714 $0 0.00%
    $1MM+ 30 $57,720,000 $1,924,000 $0 0.00%
    $100,000 or less 24 $1,430,000 $59,583 $0 0.00%

    2023 saw Banksouth place emphasis on $100k-200k loans with 44 originations, totaling $6,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 78 $63,850,000 $818,590 $0 0.00%
    $100k-150k 33 $10,345,000 $313,485 $0 0.00%
    $150k-250k 31 $11,105,000 $358,226 $0 0.00%
    $75k-100k 13 $2,685,000 $206,538 $0 0.00%
    $50k-75k 11 $2,165,000 $196,818 $0 0.00%
    $50k or less 6 $340,000 $56,667 $0 0.00%

    Banksouth lent most frequently to those with incomes in the $250k+ range, with 78 originations. The second most popular income band? $100k-150k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 207 $119,995,000 $579,686 $0 0.00%

    Banksouth lent most frequently to those with DTI ratios of Exempt%, with 207 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 121 $63,435,000 $524,256 $0 0.00%
    Not applicable 30 $28,670,000 $955,667 $0 0.00%
    Not provided 50 $26,730,000 $534,600 $0 0.00%
    Black 4 $790,000 $197,500 $0 0.00%
    Asian 2 $370,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.53%

    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
    84.54%

    Banksouth has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 207 $119,995,000 $579,686

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    207 $119,995,000 $579,686