Volunteer State Bank Mortgage Rates, Fees & Info
Portland, TNLEI: 549300FZ8E0GLIFFYB55
Tax ID: 62-0992874
Latest/2024 | 2023 Data | 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 Oxford among others. We have data for 9 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
351Origination Dollar Volume (All Markets)
$111,005,000Top 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) | 340 | $106,920,000 | $314,471 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Shelbyville, TN (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $35,000 | $35,000 | $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 | 351 | $111,005,000 | $316,254 | $0 | 0.00% |
For 2024, Volunteer State Bank's most frequently originated type of loan was Conventional, with 351 originations.
Loan Reason
For 2024, Volunteer State Bank's most frequently cited loan purpose was Refi, with 126 originations. The 2nd most popular reason was Home Improvement, with 113 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 351 | $111,005,000 | $316,254 | $0 | 0.00% |
For 2024, Volunteer State Bank's most frequently cited loan duration was Other, with 351 originations.
Loan Sizing
2024 saw Volunteer State Bank place emphasis on $100,000 or less loans with 105 originations, totaling $6,165,000 in origination value.
Applicant Income
Volunteer State Bank lent most frequently to those with incomes in the $250k+ range, with 86 originations. The second most popular income band? $150k-250k, with 66 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 351 | $111,005,000 | $316,254 | $0 | 0.00% |
Volunteer State Bank lent most frequently to those with DTI ratios of Exempt%, with 351 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.80%
Volunteer State Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.46%
Volunteer State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 351 | $111,005,000 | $316,254 |