Andrew Johnson Bank Mortgage Rates, Fees & Info
Greeneville, TNLEI: 549300KXIFQ7HCW3FR89
Tax ID: 62-0937729
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Mortgage Data
Review & Overview
Andrew Johnson Bank is a smaller bank specializing in Home Purchase loans. Andrew Johnson Bank has a high proportion of conventional loans. Their top markets by origination volume include: Greeneville, Cleveland, Morristown, Chattanooga, and Johnson City among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)Andrew Johnson Bank 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
167Origination Dollar Volume (All Markets)
$54,785,000Top 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 |
|---|---|---|---|---|---|
| Greeneville, TN (FHA|USDA|VA) | 61 | $13,115,000 | $215,000 | $0 | 7.54% |
| CLEVELAND, TN (FHA|USDA|VA) | 35 | $11,105,000 | $317,286 | $0 | 7.75% |
| MORRISTOWN, TN (FHA|USDA|VA) | 24 | $7,400,000 | $308,333 | $0 | 7.42% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 12 | $6,890,000 | $574,167 | $0 | 8.09% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 13 | $5,965,000 | $458,846 | $0 | 7.70% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 6 | $4,410,000 | $735,000 | $0 | 8.02% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,740,000 | $870,000 | $0 | 7.12% |
| Outside of Metro Areas | 4 | $1,150,000 | $287,500 | $0 | 7.42% |
| Newport, TN (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 6.81% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 7.49% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 8.75% |
| Dayton, TN (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 7.79% |
| Boone, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 7.99% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.69% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 8.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Andrew Johnson 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 | 167 | $54,785,000 | $328,054 | $0 | 7.63% |
For 2023, Andrew Johnson Bank's most frequently originated type of loan was Conventional, with 167 originations.
Loan Reason
For 2023, Andrew Johnson Bank's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Cash Out Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 167 | $54,785,000 | $328,054 | $0 | 7.63% |
For 2023, Andrew Johnson Bank's most frequently cited loan duration was Other, with 167 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 64 | $25,500,000 | $398,438 |
| Over 8% | 59 | $15,065,000 | $255,339 |
| 7-8% | 44 | $14,220,000 | $323,182 |
During 2023, Andrew Johnson Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 64 originations.
Loan Sizing
2023 saw Andrew Johnson Bank place emphasis on $200k-400k loans with 44 originations, totaling $12,160,000 in origination value.
Applicant Income
Andrew Johnson Bank lent most frequently to those with incomes in the $150k-250k range, with 38 originations. The second most popular income band? $100k-150k, with 26 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 167 | $54,785,000 | $328,054 | $0 | 7.63% |
Andrew Johnson Bank lent most frequently to those with DTI ratios of Exempt%, with 167 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.57%
Andrew Johnson Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.65%
Andrew Johnson Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 167 | $54,785,000 | $328,054 |