Phenix-girard Bank Mortgage Rates, Fees & Info

Phenix City, AL

LEI: 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 5.79% 3/28/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Phenix-girard Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

44

Origination Dollar Volume (All Markets)

$7,190,000

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
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%
Phenix-girard Bank's top markets include Columbus and Auburn among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • 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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 24 $2,780,000 $115,833 $0 8.29%
    Other 17 $3,255,000 $191,471 $0 8.42%
    1 Year 2 $330,000 $165,000 $0 9.00%
    20 Year 1 $825,000 $825,000 $0 8.50%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 19 $885,000 $46,579 $0 8.53%
    $100k-200k 16 $2,210,000 $138,125 $0 8.45%
    $200k-400k 7 $1,895,000 $270,714 $0 8.05%
    $1MM+ 1 $1,375,000 $1,375,000 $0 6.50%
    $600k-1MM 1 $825,000 $825,000 $0 8.50%

    2023 saw Phenix-girard Bank place emphasis on $100,000 or less loans with 19 originations, totaling $885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 9 $1,235,000 $137,222 $0 8.42%
    $50k-75k 5 $535,000 $107,000 $0 8.25%
    $250k+ 3 $405,000 $135,000 $0 8.17%
    $75k-100k 3 $215,000 $71,667 $0 8.17%
    $100k-150k 2 $70,000 $35,000 $0 8.75%
    $50k or less 2 $50,000 $25,000 $0 8.90%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 19 $4,355,000 $229,211 $0 8.58%
    White 18 $2,570,000 $142,778 $0 8.09%
    Black 5 $195,000 $39,000 $0 8.56%
    Asian 1 $45,000 $45,000 $0 7.75%
    American Indian 1 $25,000 $25,000 $0 9.50%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    97.73%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    44 $7,190,000 $163,409

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $95,000 $31,667 $0 9.00%
    40-60% 15 $2,085,000 $139,000 $0 8.50%
    60-80% 19 $4,425,000 $232,895 $0 8.36%
    80-100% 3 $425,000 $141,667 $0 7.03%
    Under 20% 4 $160,000 $40,000 $0 8.56%