Countybank Mortgage Rates, Fees & Info

Greenwood, SC

LEI: 549300III1DMY3SLAW56

Tax ID: 57-0147610

5 stars - Updated: 7/14/24 - out of 5 stars, based on 23 reviews

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

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Mortgage Data

Review & Overview

Countybank is a smaller bank specializing in Home Purchase loans. Countybank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Greenville, Knoxville, Greenwood, Spartanburg, and Charleston among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)

Countybank 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. Countybank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.51% 7/14/24
30 Year Conventional Refi 6.28% 7/14/24
30 Year Cash-out Refi 6.65% 7/14/24
30 Year FHA Purchase 7.33% 7/14/24
30 Year FHA Refi 6.27% 7/14/24
30 Year VA Purchase 6.24% 7/14/24
30 Year USDA Purchase 6.81% 7/14/24
30 Year USDA Refi 6.27% 7/14/24
15 Year Conventional Purchase 6.01% 7/14/24
15 Year Conventional Refi 6.05% 7/14/24
15 Year Cash-out Refi 6.05% 7/14/24
15 Year VA Refi 5.68% 7/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Countybank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Countybank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

520

Origination Dollar Volume (All Markets)

$154,840,000
Show all (10) awards

Relative Rate

Countybank's average 30 year fixed mortgage rate was 6.19%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.29%.

Relative Fees (Closing Costs)

Countybank's average total fees/closing costs for a 30 year fixed rate mortgage were $5,257.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 241 $76,075,000 $315,664 $5,368 6.24%
KNOXVILLE, TN (FHA|USDA|VA) 91 $29,405,000 $323,132 $5,040 6.30%
Greenwood, SC (FHA|USDA|VA) 73 $17,635,000 $241,575 $4,929 6.80%
SPARTANBURG, SC (FHA|USDA|VA) 39 $9,625,000 $246,795 $4,513 6.22%
Outside of Metro Areas 21 $5,625,000 $267,857 $5,360 7.14%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 10 $3,700,000 $370,000 $5,105 5.64%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $2,315,000 $463,000 $5,137 6.10%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $1,385,000 $461,667 $6,270 5.91%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $1,270,000 $635,000 $4,182 6.75%
Seneca, SC (FHA|USDA|VA) 5 $745,000 $149,000 $7,700 6.83%
COLUMBIA, SC (FHA|USDA|VA) 4 $600,000 $150,000 $4,413 6.31%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $495,000 $495,000 $5,555 6.75%
JONESBORO, AR (FHA|USDA|VA) 1 $465,000 $465,000 $6,099 5.13%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $415,000 $415,000 $7,100 5.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $415,000 $415,000 $6,945 5.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $395,000 $395,000 $20,490 5.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $385,000 $385,000 $7,147 5.63%
WILMINGTON, NC (FHA|USDA|VA) 1 $355,000 $355,000 $3,717 7.50%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $325,000 $325,000 $3,366 6.63%
ASHEVILLE, NC (FHA|USDA|VA) 1 $315,000 $315,000 $3,493 7.99%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $305,000 $305,000 $6,469 4.63%
Crossville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $10,099 6.38%
Greeneville, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,381 6.63%
Gaffney, SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,288 4.88%
MORRISTOWN, TN (FHA|USDA|VA) 1 $185,000 $185,000 $3,324 6.99%
Sevierville, TN (FHA|USDA|VA) 1 $175,000 $175,000 $4,896 8.13%
Dayton, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,197 6.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $165,000 $165,000 $4,159 4.63%
FLORENCE, SC (FHA|USDA|VA) 2 $160,000 $80,000 $3,098 6.69%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,756 6.99%
ROANOKE, VA (FHA|USDA|VA) 1 $155,000 $155,000 $2,362 6.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,723 4.50%
Hillsdale, MI (FHA|USDA|VA) 1 $145,000 $145,000 $2,836 6.88%
Clarksburg, WV (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.63%
Sidney, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.63%
Countybank's top markets include Greenville, Knoxville, Greenwood, Spartanburg, and Charleston among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Countybank 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 480 $143,610,000 $299,188 $4,861 6.32%
    FHA 25 $6,535,000 $261,400 $9,819 6.77%
    VA 11 $3,675,000 $334,091 $7,197 6.86%
    USDA 4 $1,020,000 $255,000 $6,973 6.66%

    For 2023, Countybank's most frequently originated type of loan was Conventional, with 480 originations. Their 2nd most popular type was FHA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 440 $140,160,000 $318,545 $5,459 6.32%
    Cash Out Refi 47 $10,565,000 $224,787 $4,112 6.24%
    Other 17 $1,785,000 $105,000 $2,793 7.31%
    Home Improvement 8 $890,000 $111,250 $2,710 7.41%
    Refi 8 $1,440,000 $180,000 $3,661 6.20%

    For 2023, Countybank's most frequently cited loan purpose was Home Purchase, with 440 originations. The 2nd most popular reason was Cash Out Refi, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 450 $134,860,000 $299,689 $5,257 6.19%
    Other 31 $13,085,000 $422,097 $6,460 7.32%
    15 Year 17 $1,885,000 $110,882 $2,558 7.66%
    20 Year 9 $2,655,000 $295,000 $3,304 6.54%
    1 Year 5 $1,005,000 $201,000 $4,644 9.40%
    10 Year 4 $310,000 $77,500 $2,156 7.53%
    5 Year 3 $685,000 $228,333 $1,899 7.40%
    30+ year 1 $355,000 $355,000 $6,786 6.63%

    For 2023, Countybank's most frequently cited loan duration was 30 Year, with 450 originations. The 2nd most popular length was Other, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 217 $54,985,000 $253,387
    $2k-3k 122 $32,610,000 $267,295
    $3k-4k 68 $27,840,000 $409,412
    $5k+ 35 $18,595,000 $531,286
    $4k-5k 31 $13,315,000 $429,516
    $<1k 21 $3,045,000 $145,000

    Countybank's average total fees were $5,257, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 217 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 206 $59,690,000 $289,757
    7-8% 121 $32,785,000 $270,950
    4-5% 106 $35,300,000 $333,019
    5-6% 72 $23,050,000 $320,139
    Over 8% 15 $4,015,000 $267,667

    During 2023, Countybank's average interest rate for loans was 6.19%, while their most frequently originated rate bucket for loans was 6-7%, with 206 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 246 $71,680,000 $291,382 $5,293 6.16%
    $100k-200k 118 $18,040,000 $152,881 $3,928 6.70%
    $400k-600k 87 $40,975,000 $470,977 $6,685 6.09%
    $100,000 or less 42 $2,940,000 $70,000 $2,588 7.01%
    $600k-1MM 23 $15,435,000 $671,087 $6,551 6.26%
    $1MM+ 4 $5,770,000 $1,442,500 $15,179 8.20%

    2023 saw Countybank place emphasis on $200k-400k loans with 246 originations, totaling $71,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 138 $42,920,000 $311,014 $5,391 6.35%
    $150k-250k 101 $37,715,000 $373,416 $5,316 6.27%
    $50k-75k 88 $18,460,000 $209,773 $4,923 6.38%
    $75k-100k 82 $20,350,000 $248,171 $5,121 6.31%
    $50k or less 53 $7,075,000 $133,491 $3,629 6.63%
    $250k+ 51 $25,785,000 $505,588 $6,461 6.37%

    Countybank lent most frequently to those with incomes in the $100k-150k range, with 138 originations. The second most popular income band? $150k-250k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 127 $36,915,000 $290,669 $4,772 6.20%
    30-36% 99 $30,795,000 $311,061 $4,819 6.40%
    <20% 43 $9,575,000 $222,674 $4,127 5.83%
    40% 26 $7,430,000 $285,769 $5,992 6.33%
    39% 25 $7,295,000 $291,800 $4,982 6.61%
    37% 22 $6,130,000 $278,636 $4,519 6.06%
    38% 20 $5,530,000 $276,500 $5,482 6.18%
    49% 20 $5,880,000 $294,000 $5,457 6.67%
    36% 19 $4,905,000 $258,158 $5,074 5.77%
    50-60% 17 $8,555,000 $503,235 $10,865 7.14%
    41% 16 $4,940,000 $308,750 $5,610 6.47%
    43% 15 $4,745,000 $316,333 $4,969 6.44%
    45% 13 $4,195,000 $322,692 $5,006 6.97%
    42% 12 $4,000,000 $333,333 $5,378 6.19%
    44% 12 $3,350,000 $279,167 $4,642 6.66%
    48% 11 $3,475,000 $315,909 $5,855 7.13%
    46% 10 $2,890,000 $289,000 $8,200 6.64%
    47% 6 $1,680,000 $280,000 $4,325 6.89%
    >60% 6 $2,290,000 $381,667 $5,623 7.67%

    Countybank lent most frequently to those with DTI ratios of 20-30%, with 127 originations. The next most common DTI ratio? 30-36%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 421 $123,195,000 $292,625 $5,088 6.38%
    Not provided 68 $20,710,000 $304,559 $5,243 6.27%
    Asian 17 $4,665,000 $274,412 $5,544 6.47%
    Black 12 $3,650,000 $304,167 $6,283 6.02%
    Asian Indian 1 $2,355,000 $2,355,000 $20,232 7.68%
    Not applicable 1 $265,000 $265,000 $0 6.88%

    Approval Rates

    Total approvals of all applications
    90.99%

    Countybank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.46%

    Countybank 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
    NA 520 $154,840,000 $297,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    520 $154,840,000 $297,769

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 48 $7,690,000 $160,208 $3,511 6.16%
    40-60% 72 $18,340,000 $254,722 $4,597 6.36%
    60-80% 181 $61,615,000 $340,414 $5,613 6.10%
    80-100% 201 $65,175,000 $324,254 $5,545 6.56%
    Over 100% 3 $835,000 $278,333 $10,746 7.00%
    Under 20% 14 $980,000 $70,000 $2,263 7.38%