Spratt Savings And Loan Assoc. Mortgage Rates, Fees & Info
Chester, SCLEI: 549300JUQ0GXK2YJEK02
Tax ID: 57-0252520
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Mortgage Data
Review & Overview
Spratt Savings And Loan Assoc. is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Spratt Savings And Loan Assoc. has a high proportion of conventional loans. Their top markets by origination volume include: Charlotte, Columbia, Myrtle Beach, Greenville, and Florence among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Spratt Savings And Loan Assoc. 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
35Origination Dollar Volume (All Markets)
$4,485,000Top 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 |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 29 | $3,945,000 | $136,034 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Union, SC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $4,485,000 | $128,143 | $0 | 0.00% |
For 2019, Spratt Savings And Loan Assoc.'s most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
For 2019, Spratt Savings And Loan Assoc.'s most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $4,485,000 | $128,143 | $0 | 0.00% |
For 2019, Spratt Savings And Loan Assoc.'s most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2019 saw Spratt Savings And Loan Assoc. place emphasis on $100k-200k loans with 16 originations, totaling $2,160,000 in origination value.
Applicant Income
Spratt Savings And Loan Assoc. lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $4,485,000 | $128,143 | $0 | 0.00% |
Spratt Savings And Loan Assoc. lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.39%
Spratt Savings And Loan Assoc. has a below average approval rate.
Pick Rate
Approvals leading to origination82.86%
Spratt Savings And Loan Assoc. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $4,485,000 | $128,143 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $235,000 | $78,333 |
| Single Family (1-4 Units):Site-Built | 32 | $4,250,000 | $132,813 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Shapiro, DiCaro & Barak, LLC | Conventional home mortgage | Trouble during payment process | 1 | 100.0% |