Countybank Mortgage Rates, Fees & Info

Greenwood, SC

LEI: 549300III1DMY3SLAW56

Tax ID: 57-0147610

5 stars - Updated: 9/25/23 - out of 5 stars, based on 29 reviews

Latest/2022 | 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 Nashville among others. We have data for 49 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 a low 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 about average 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% 9/25/23
30 Year Conventional Refi 6.28% 9/25/23
30 Year Cash-out Refi 6.65% 9/25/23
30 Year FHA Purchase 7.33% 9/25/23
30 Year FHA Refi 6.27% 9/25/23
30 Year VA Purchase 6.24% 9/25/23
30 Year USDA Purchase 6.81% 9/25/23
30 Year USDA Refi 6.27% 9/25/23
15 Year Conventional Purchase 6.01% 9/25/23
15 Year Conventional Refi 6.05% 9/25/23
15 Year Cash-out Refi 6.05% 9/25/23
15 Year VA Refi 5.68% 9/25/23
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

830

Origination Dollar Volume (All Markets)

$229,780,000
Show all (26) awards

Relative Rate

Countybank's average 30 year fixed mortgage rate was 4.7%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.06%.

Relative Fees (Closing Costs)

Countybank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,432.

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 $4,750.

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) 403 $116,225,000 $288,400 $4,148 4.50%
KNOXVILLE, TN (FHA|USDA|VA) 115 $32,175,000 $279,783 $4,414 4.84%
Greenwood, SC (FHA|USDA|VA) 132 $26,090,000 $197,652 $4,077 4.67%
SPARTANBURG, SC (FHA|USDA|VA) 61 $15,065,000 $246,967 $4,409 4.70%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 17 $7,905,000 $465,000 $3,960 4.81%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $4,950,000 $353,571 $4,723 4.35%
Outside of Metro Areas 15 $3,535,000 $235,667 $4,575 4.71%
Sevierville, TN (FHA|USDA|VA) 4 $2,850,000 $712,500 $6,099 4.14%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $2,085,000 $297,857 $4,181 4.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,905,000 $381,000 $3,205 4.03%
MORRISTOWN, TN (FHA|USDA|VA) 6 $1,680,000 $280,000 $3,597 4.96%
Seneca, SC (FHA|USDA|VA) 3 $965,000 $321,667 $8,489 3.79%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $920,000 $230,000 $6,703 5.59%
ASHEVILLE, NC (FHA|USDA|VA) 2 $860,000 $430,000 $4,496 4.31%
COLUMBIA, SC (FHA|USDA|VA) 3 $825,000 $275,000 $4,771 5.41%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $795,000 $265,000 $3,515 4.16%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $690,000 $345,000 $4,894 5.31%
COLUMBUS, OH (FHA|USDA|VA) 1 $625,000 $625,000 $5,665 3.88%
Newberry, SC (FHA|USDA|VA) 1 $615,000 $615,000 $8,653 4.25%
Cullowhee, NC (FHA|USDA|VA) 1 $555,000 $555,000 $4,397 5.37%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $545,000 $545,000 $4,282 3.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $515,000 $515,000 $8,129 4.50%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,908 3.13%
Cullman, AL (FHA|USDA|VA) 1 $505,000 $505,000 $1,843 4.25%
Dayton, TN (FHA|USDA|VA) 1 $455,000 $455,000 $2,971 3.75%
Gaffney, SC (FHA|USDA|VA) 2 $440,000 $220,000 $6,011 4.62%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $425,000 $425,000 $5,492 3.49%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $405,000 $405,000 $3,548 5.25%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $375,000 $375,000 $15,504 4.99%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $315,000 $315,000 $3,014 6.50%
Newport, TN (FHA|USDA|VA) 2 $310,000 $155,000 $3,486 5.69%
MOBILE, AL (FHA|USDA|VA) 1 $305,000 $305,000 $3,164 3.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 3.50%
LANCASTER, PA (FHA|USDA|VA) 1 $295,000 $295,000 $10,406 6.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $275,000 $275,000 $9,257 3.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $275,000 $275,000 $3,931 6.50%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $235,000 $235,000 $2,793 5.00%
Crossville, TN (FHA|USDA|VA) 1 $235,000 $235,000 $3,433 4.25%
LUBBOCK, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,450 3.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,304 3.99%
SUMTER, SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,489 3.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.50%
CLEVELAND, TN (FHA|USDA|VA) 1 $175,000 $175,000 $4,068 4.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,826 2.38%
GOLDSBORO, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,145 2.38%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,566 5.25%
PANAMA CITY, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,834 5.75%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $95,000 $95,000 $2,996 3.99%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.63%
Countybank's top markets include Greenville, Knoxville, Greenwood, Spartanburg, and Nashville among others.

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

    CONSUMER Credit Union
    Similarity Rank: 280
    KELLEY MORTGAGE, LLC
    Similarity Rank: 420
    S. C. STATE FEDERAL CREDIT UNION
    Similarity Rank: 456
    US COMMUNITY
    Similarity Rank: 490
    Barley Mortgage, LLC
    Similarity Rank: 552
    CAROLINA FOOTHILLS
    Similarity Rank: 605
    Security Federal Bank
    Similarity Rank: 616
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 624
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 700

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 747 $206,985,000 $277,088 $3,901 4.60%
    FHA 42 $9,800,000 $233,333 $7,838 4.86%
    VA 32 $11,060,000 $345,625 $7,013 4.22%
    USDA 9 $1,935,000 $215,000 $5,487 4.03%

    For 2022, Countybank's most frequently originated type of loan was Conventional, with 747 originations. Their 2nd most popular type was FHA, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 556 $164,200,000 $295,324 $4,718 4.85%
    Cash Out Refi 167 $40,255,000 $241,048 $3,519 4.20%
    Refi 78 $20,090,000 $257,564 $3,084 3.50%
    Other 21 $4,065,000 $193,571 $3,065 4.91%
    Home Improvement 8 $1,170,000 $146,250 $2,577 4.72%

    For 2022, Countybank's most frequently cited loan purpose was Home Purchase, with 556 originations. The 2nd most popular reason was Cash Out Refi, with 167 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 651 $183,755,000 $282,266 $4,432 4.70%
    15 Year 81 $18,035,000 $222,654 $3,126 3.88%
    20 Year 50 $14,620,000 $292,400 $3,170 4.00%
    Other 31 $8,935,000 $288,226 $5,152 4.93%
    1 Year 7 $1,525,000 $217,857 $4,423 6.00%
    10 Year 5 $325,000 $65,000 $2,028 4.53%
    30+ year 3 $2,305,000 $768,333 $9,703 4.83%
    3 Year 1 $115,000 $115,000 $0 6.13%
    5 Year 1 $165,000 $165,000 $0 4.00%

    For 2022, Countybank's most frequently cited loan duration was 30 Year, with 651 originations. The 2nd most popular length was 15 Year, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 406 $109,610,000 $269,975
    $<1k 209 $52,395,000 $250,694
    $2k-3k 78 $21,390,000 $274,231
    $3k-4k 35 $11,245,000 $321,286
    $5k+ 34 $16,420,000 $482,941
    $4k-5k 24 $8,750,000 $364,583

    Countybank's average total fees were $4,432, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 406 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 245 $66,465,000 $271,286
    5-6% 231 $63,615,000 $275,390
    4-5% 188 $55,400,000 $294,681
    6-7% 75 $20,465,000 $272,867
    2.5-3% 64 $17,630,000 $275,469
    7-8% 14 $2,770,000 $197,857
    <2.5% 13 $3,435,000 $264,231

    During 2022, Countybank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 3-4%, with 245 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 385 $106,835,000 $277,494 $4,456 4.61%
    $100k-200k 233 $35,095,000 $150,622 $3,432 4.61%
    $400k-600k 113 $54,515,000 $482,434 $4,921 4.56%
    $100,000 or less 61 $4,625,000 $75,820 $2,709 4.62%
    $600k-1MM 35 $23,385,000 $668,143 $7,094 4.39%
    $1MM+ 3 $5,325,000 $1,775,000 $9,039 4.48%

    2022 saw Countybank place emphasis on $200k-400k loans with 385 originations, totaling $106,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 188 $37,040,000 $197,021 $3,896 4.57%
    $100k-150k 175 $54,795,000 $313,114 $4,251 4.65%
    $75k-100k 164 $43,440,000 $264,878 $4,456 4.62%
    $50k or less 120 $17,790,000 $148,250 $3,647 4.49%
    $150k-250k 113 $44,795,000 $396,416 $4,766 4.66%
    $250k+ 60 $27,650,000 $460,833 $5,347 4.60%

    Countybank lent most frequently to those with incomes in the $50k-75k range, with 188 originations. The second most popular income band? $100k-150k, with 175 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 183 $50,915,000 $278,224 $4,364 4.48%
    30-36% 173 $47,465,000 $274,364 $4,226 4.51%
    <20% 84 $21,890,000 $260,595 $3,436 4.28%
    41% 39 $11,965,000 $306,795 $4,372 4.56%
    37% 36 $9,660,000 $268,333 $3,597 4.58%
    43% 36 $10,230,000 $284,167 $4,253 4.61%
    39% 33 $8,035,000 $243,485 $4,613 4.87%
    38% 30 $8,030,000 $267,667 $3,347 4.40%
    42% 29 $8,435,000 $290,862 $4,062 4.75%
    40% 28 $6,810,000 $243,214 $3,906 4.46%
    36% 25 $7,575,000 $303,000 $4,872 4.79%
    48% 22 $6,120,000 $278,182 $4,112 4.94%
    44% 21 $5,245,000 $249,762 $5,214 4.99%
    45% 21 $5,435,000 $258,810 $4,484 4.87%
    46% 19 $5,335,000 $280,789 $5,143 5.27%
    47% 18 $5,470,000 $303,889 $3,786 4.83%
    49% 17 $4,405,000 $259,118 $4,986 5.18%
    50-60% 11 $3,705,000 $336,818 $8,243 5.13%

    Countybank lent most frequently to those with DTI ratios of 20-30%, with 183 originations. The next most common DTI ratio? 30-36%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 684 $188,790,000 $276,009 $4,237 4.58%
    Not provided 99 $27,955,000 $282,374 $4,189 4.52%
    Asian 19 $4,875,000 $256,579 $4,370 5.13%
    Black 20 $4,020,000 $201,000 $4,973 4.76%
    Not applicable 5 $3,055,000 $611,000 $0 4.53%
    Asian Indian 1 $625,000 $625,000 $6,613 4.25%
    Chinese 1 $365,000 $365,000 $7,459 5.13%
    Filipino 1 $95,000 $95,000 $2,131 6.13%

    Approval Rates

    Total approvals of all applications
    94.23%

    Countybank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.60%

    Countybank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 830 $229,780,000 $276,843

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    830 $229,780,000 $276,843

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $8,535,000 $149,737 $3,031 4.40%
    40-60% 149 $35,005,000 $234,933 $3,439 4.26%
    60-80% 317 $95,235,000 $300,426 $4,169 4.61%
    80-100% 294 $88,160,000 $299,864 $4,772 4.77%
    Over 100% 6 $2,160,000 $360,000 $15,274 4.12%
    Under 20% 7 $685,000 $97,857 $2,713 5.75%