Peach State Bank & Trust Mortgage Rates, Fees & Info

Gainesville, GA

LEI: 549300HX04TQZO5URB98

Tax ID: 75-3182591

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Peach State Bank & Trust is a smaller bank specializing in Home Purchase loans. Peach State Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Gainesville, Atlanta, Jefferson, Boone, and Seneca among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Peach State Bank & Trust 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    59

    Origination Dollar Volume (All Markets)

    $44,565,000

    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
    GAINESVILLE, GA (FHA|USDA|VA) 39 $26,585,000 $681,667 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 12 $12,680,000 $1,056,667 $0 0.00%
    Outside of Metro Areas 3 $2,145,000 $715,000 $0 0.00%
    Jefferson, GA (FHA|USDA|VA) 2 $1,370,000 $685,000 $0 0.00%
    Boone, NC (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $0 0.00%
    Seneca, SC (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Peach State Bank & Trust's top markets include Gainesville, Atlanta, Jefferson, Boone, and Seneca among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $44,565,000 $755,339 $0 0.00%

    For 2024, Peach State Bank & Trust's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 48 $37,620,000 $783,750 $0 0.00%
    Refi 8 $6,010,000 $751,250 $0 0.00%
    Other 2 $760,000 $380,000 $0 0.00%
    Home Improvement 1 $175,000 $175,000 $0 0.00%

    For 2024, Peach State Bank & Trust's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 59 $44,565,000 $755,339 $0 0.00%

    For 2024, Peach State Bank & Trust's most frequently cited loan duration was Other, with 59 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 19 $14,675,000 $772,368 $0 0.00%
    $1MM+ 17 $23,915,000 $1,406,765 $0 0.00%
    $200k-400k 9 $2,585,000 $287,222 $0 0.00%
    $100k-200k 7 $1,195,000 $170,714 $0 0.00%
    $400k-600k 4 $2,010,000 $502,500 $0 0.00%
    $100,000 or less 3 $185,000 $61,667 $0 0.00%

    2024 saw Peach State Bank & Trust place emphasis on $600k-1MM loans with 19 originations, totaling $14,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 35 $34,285,000 $979,571 $0 0.00%
    $150k-250k 9 $4,215,000 $468,333 $0 0.00%
    $50k or less 2 $2,210,000 $1,105,000 $0 0.00%
    $75k-100k 2 $1,110,000 $555,000 $0 0.00%

    Peach State Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 35 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 59 $44,565,000 $755,339 $0 0.00%

    Peach State Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 38 $32,870,000 $865,000 $0 0.00%
    Asian 8 $7,530,000 $941,250 $0 0.00%
    Not applicable 11 $2,745,000 $249,545 $0 0.00%
    Black 2 $1,420,000 $710,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.72%

    Peach State Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    50.85%

    Peach State Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 59 $44,565,000 $755,339

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    59 $44,565,000 $755,339