Phenix-girard Bank Mortgage Rates, Fees & Info
Phenix City, ALLEI: 549300EW4BA2XQFITZ61
Tax ID: 63-0164030
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Mortgage Data
Review & Overview
Phenix-girard Bank is a smaller bank specializing in Home Purchase loans. Phenix-girard Bank has a high proportion of conventional loans. Their top two markets are Columbus and Auburn .Phenix-girard Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.79% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Phenix-girard Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
44Origination Dollar Volume (All Markets)
$7,190,000Top 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 |
|---|---|---|---|---|---|
| COLUMBUS, GA-AL (FHA|USDA|VA) | 29 | $4,085,000 | $140,862 | $0 | 8.31% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 15 | $3,105,000 | $207,000 | $0 | 8.52% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $7,190,000 | $163,409 | $0 | 8.38% |
For 2023, Phenix-girard Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 31 | $6,575,000 | $212,097 | $0 | 8.38% |
| Refi | 11 | $525,000 | $47,727 | $0 | 8.34% |
| Home Improvement | 2 | $90,000 | $45,000 | $0 | 8.63% |
For 2023, Phenix-girard Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 11 originations.
Loan Duration/Length
For 2023, Phenix-girard Bank's most frequently cited loan duration was 5 Year, with 24 originations. The 2nd most popular length was Other, with 17 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 29 | $3,995,000 | $137,759 |
| 7-8% | 12 | $1,430,000 | $119,167 |
| 6-7% | 2 | $1,440,000 | $720,000 |
| 4-5% | 1 | $325,000 | $325,000 |
During 2023, Phenix-girard Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 29 originations.
Loan Sizing
2023 saw Phenix-girard Bank place emphasis on $100,000 or less loans with 19 originations, totaling $885,000 in origination value.
Applicant Income
Phenix-girard Bank lent most frequently to those with incomes in the $150k-250k range, with 9 originations. The second most popular income band? $50k-75k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2 | $70,000 | $35,000 | $0 | 8.03% |
| 40% | 1 | $135,000 | $135,000 | $0 | 7.50% |
Phenix-girard Bank lent most frequently to those with DTI ratios of 20-30%, with 2 originations. The next most common DTI ratio? 40%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Phenix-girard Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.73%
Phenix-girard Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 44 | $7,190,000 | $163,409 |