Volunteer State Bank Mortgage Rates, Fees & Info
Portland, TNLEI: 549300FZ8E0GLIFFYB55
Tax ID: 62-0992874
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Volunteer State Bank is a smaller bank specializing in Refi and Home Purchase loans. Volunteer State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Nashville, Crestview, Tullahoma, Sevierville, and Chattanooga among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Volunteer 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
453Origination Dollar Volume (All Markets)
$134,615,000Top 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 |
|---|---|---|---|---|---|
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 430 | $124,470,000 | $289,465 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $3,485,000 | $1,161,667 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $830,000 | $415,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $250,000 | $62,500 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Glasgow, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Volunteer State Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 453 | $134,615,000 | $297,163 | $0 | 0.00% |
For 2023, Volunteer State Bank's most frequently originated type of loan was Conventional, with 453 originations.
Loan Reason
For 2023, Volunteer State Bank's most frequently cited loan purpose was Refi, with 147 originations. The 2nd most popular reason was Home Improvement, with 116 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 453 | $134,615,000 | $297,163 | $0 | 0.00% |
For 2023, Volunteer State Bank's most frequently cited loan duration was Other, with 453 originations.
Loan Sizing
2023 saw Volunteer State Bank place emphasis on $100,000 or less loans with 134 originations, totaling $7,680,000 in origination value.
Applicant Income
Volunteer State Bank lent most frequently to those with incomes in the $100k-150k range, with 96 originations. The second most popular income band? $250k+, with 84 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 453 | $134,615,000 | $297,163 | $0 | 0.00% |
Volunteer State Bank lent most frequently to those with DTI ratios of Exempt%, with 453 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.81%
Volunteer State Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.86%
Volunteer State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 453 | $134,615,000 | $297,163 |