Southeastern Bank Mortgage Rates, Fees & Info
Darien, GALEI: 549300LG7IO23TN5LR98
Tax ID: 58-0214350
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Mortgage Data
Review & Overview
Southeastern Bank is a smaller bank specializing in Home Purchase and Refi loans. Southeastern Bank has a high proportion of conventional loans. Their top markets by origination volume include: Brunswick, Savannah, St. Marys, Hinesville, and Jacksonville among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Southeastern Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
186Origination Dollar Volume (All Markets)
$34,370,000Top 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 |
|---|---|---|---|---|---|
| BRUNSWICK, GA (FHA|USDA|VA) | 125 | $20,585,000 | $164,680 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 22 | $4,120,000 | $187,273 | $0 | 0.00% |
| St. Marys, GA (FHA|USDA|VA) | 11 | $3,445,000 | $313,182 | $0 | 0.00% |
| HINESVILLE, GA (FHA|USDA|VA) | 8 | $2,100,000 | $262,500 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,465,000 | $293,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $755,000 | $107,857 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| Jesup, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Waycross, GA (FHA|USDA|VA) | 3 | $105,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 186 | $34,370,000 | $184,785 | $0 | 0.00% |
For 2023, Southeastern Bank's most frequently originated type of loan was Conventional, with 186 originations.
Loan Reason
For 2023, Southeastern Bank's most frequently cited loan purpose was Home Purchase, with 90 originations. The 2nd most popular reason was Refi, with 60 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 186 | $34,370,000 | $184,785 | $0 | 0.00% |
For 2023, Southeastern Bank's most frequently cited loan duration was Other, with 186 originations.
Loan Sizing
2023 saw Southeastern Bank place emphasis on $100,000 or less loans with 81 originations, totaling $3,955,000 in origination value.
Applicant Income
Southeastern Bank lent most frequently to those with incomes in the $75k-100k range, with 26 originations. The second most popular income band? $50k or less, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 186 | $34,370,000 | $184,785 | $0 | 0.00% |
Southeastern Bank lent most frequently to those with DTI ratios of Exempt%, with 186 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.50%
Southeastern Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.24%
Southeastern Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 186 | $34,370,000 | $184,785 |