Tennessee State Bank Mortgage Rates, Fees & Info
Pigeon Forge, TNLEI: 549300EEYVCFG0V6Z057
Tax ID: 62-0866803
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Tennessee State Bank is a smaller bank specializing in Home Purchase loans. Tennessee State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sevierville, Knoxville, Newport, and Morristown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Tennessee State 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
76Origination Dollar Volume (All Markets)
$32,580,000Top 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 |
|---|---|---|---|---|---|
| Sevierville, TN (FHA|USDA|VA) | 58 | $29,760,000 | $513,103 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 9 | $1,885,000 | $209,444 | $0 | 0.00% |
| Newport, TN (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $32,580,000 | $428,684 | $0 | 0.00% |
For 2023, Tennessee State Bank's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
For 2023, Tennessee State Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $32,580,000 | $428,684 | $0 | 0.00% |
For 2023, Tennessee State Bank's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2023 saw Tennessee State Bank place emphasis on $200k-400k loans with 30 originations, totaling $8,400,000 in origination value.
Applicant Income
Tennessee State Bank lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k or less, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $32,580,000 | $428,684 | $0 | 0.00% |
Tennessee State Bank lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications72.44%
Tennessee State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination59.21%
Tennessee State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 76 | $32,580,000 | $428,684 |