Volunteer State Bank Mortgage Rates, Fees & Info

Portland, TN

LEI: 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.

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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Originations

453

Origination Dollar Volume (All Markets)

$134,615,000

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
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%
Volunteer State Bank's top markets include Nashville, Crestview, Tullahoma, Sevierville, and Chattanooga among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • 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.

    First Farmers and Merchants Bank
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    ASCEND FEDERAL CREDIT UNION
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    FIRST CONTINENTAL MORTGAGE, LTD.
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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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 147 $42,625,000 $289,966 $0 0.00%
    Home Improvement 116 $14,940,000 $128,793 $0 0.00%
    Home Purchase 107 $64,995,000 $607,430 $0 0.00%
    Other 83 $12,055,000 $145,241 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 134 $7,680,000 $57,313 $0 0.00%
    $200k-400k 123 $33,025,000 $268,496 $0 0.00%
    $100k-200k 109 $15,255,000 $139,954 $0 0.00%
    $400k-600k 51 $23,545,000 $461,667 $0 0.00%
    $1MM+ 21 $44,245,000 $2,106,905 $0 0.00%
    $600k-1MM 15 $10,865,000 $724,333 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 96 $15,610,000 $162,604 $0 0.00%
    $250k+ 84 $36,670,000 $436,548 $0 0.00%
    $150k-250k 83 $23,185,000 $279,337 $0 0.00%
    $50k-75k 56 $6,930,000 $123,750 $0 0.00%
    $75k-100k 47 $6,845,000 $145,638 $0 0.00%
    $50k or less 24 $5,280,000 $220,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 366 $86,210,000 $235,546 $0 0.00%
    Not applicable 55 $38,465,000 $699,364 $0 0.00%
    Black 18 $5,050,000 $280,556 $0 0.00%
    Not provided 6 $2,550,000 $425,000 $0 0.00%
    Asian 5 $1,945,000 $389,000 $0 0.00%
    Asian Indian 2 $270,000 $135,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.81%

    Volunteer State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.86%

    Volunteer State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 453 $134,615,000 $297,163

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    453 $134,615,000 $297,163