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 and Refi loans. Phenix-girard Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Auburn, and Tuscaloosa among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Phenix-girard Bank has an above average approval rate when compared to the average across all 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% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
55Origination Dollar Volume (All Markets)
$7,425,000Top 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) | 33 | $3,825,000 | $115,909 | $0 | 5.93% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 21 | $3,485,000 | $165,952 | $0 | 5.82% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.45% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $7,425,000 | $135,000 | $0 | 5.88% |
For 2019, Phenix-girard Bank's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2019, Phenix-girard Bank's most frequently cited loan purpose was Home Purchase, with 27 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 |
|---|---|---|---|---|---|
| 5 Year | 32 | $3,770,000 | $117,813 | $0 | 5.89% |
| Other | 12 | $2,060,000 | $171,667 | $0 | 5.98% |
| 1 Year | 11 | $1,595,000 | $145,000 | $0 | 5.75% |
For 2019, Phenix-girard Bank's most frequently cited loan duration was 5 Year, with 32 originations. The 2nd most popular length was Other, with 12 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $115,000 | $115,000 |
Phenix-girard Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 45 | $6,645,000 | $147,667 |
| 6-7% | 9 | $735,000 | $81,667 |
| 4-5% | 1 | $45,000 | $45,000 |
During 2019, Phenix-girard Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 45 originations.
Loan Sizing
2019 saw Phenix-girard Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,815,000 in origination value.
Applicant Income
Phenix-girard Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2 | $40,000 | $20,000 | $0 | 5.35% |
| 30-36% | 1 | $115,000 | $115,000 | $0 | 5.45% |
Phenix-girard Bank lent most frequently to those with DTI ratios of 20-30%, with 2 originations. The next most common DTI ratio? 30-36%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.49%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 55 | $7,425,000 | $135,000 |