Volunteer State Bank Mortgage Rates, Fees & Info
Portland, TNLEI: 549300FZ8E0GLIFFYB55
Tax ID: 62-0992874
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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, Shelbyville, Clarksville, and Panama City among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)Volunteer State Bank has an above 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
611Origination Dollar Volume (All Markets)
$182,395,000Top 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) | 571 | $159,255,000 | $278,905 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 3 | $6,305,000 | $2,101,667 | $0 | 0.00% |
| Shelbyville, TN (FHA|USDA|VA) | 2 | $3,290,000 | $1,645,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 7 | $2,855,000 | $407,857 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 5 | $2,455,000 | $491,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $2,175,000 | $2,175,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 1 | $1,245,000 | $1,245,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $885,000 | $295,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| McMinnville, TN (FHA|USDA|VA) | 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 | 611 | $182,395,000 | $298,519 | $0 | 0.00% |
For 2022, Volunteer State Bank's most frequently originated type of loan was Conventional, with 611 originations.
Loan Reason
For 2022, Volunteer State Bank's most frequently cited loan purpose was Refi, with 184 originations. The 2nd most popular reason was Other, with 161 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 611 | $182,395,000 | $298,519 | $0 | 0.00% |
For 2022, Volunteer State Bank's most frequently cited loan duration was Other, with 611 originations.
Loan Sizing
2022 saw Volunteer State Bank place emphasis on $100,000 or less loans with 177 originations, totaling $9,825,000 in origination value.
Applicant Income
Volunteer State Bank lent most frequently to those with incomes in the $100k-150k range, with 116 originations. The second most popular income band? $150k-250k, with 111 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 611 | $182,395,000 | $298,519 | $0 | 0.00% |
Volunteer State Bank lent most frequently to those with DTI ratios of Exempt%, with 611 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.73%
Volunteer State Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.36%
Volunteer State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 611 | $182,395,000 | $298,519 |