Anderson Brothers Bank Mortgage Rates, Fees & Info
Mullins, SCLEI: 549300M4GZM7GG3EIV16
Tax ID: 57-0115230
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Mortgage Data
Review & Overview
Anderson Brothers Bank is a smaller bank specializing in Home Purchase loans. Anderson Brothers Bank has a high proportion of conventional loans. Their top markets by origination volume include: Myrtle Beach, Florence, Georgetown, Sevierville, and Miami among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Anderson Brothers Bank 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.
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Originations
451Origination Dollar Volume (All Markets)
$95,675,000Top 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 |
|---|---|---|---|---|---|
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 324 | $74,420,000 | $229,691 | $0 | 0.00% |
| Outside of Metro Areas | 62 | $8,020,000 | $129,355 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 36 | $6,210,000 | $172,500 | $0 | 0.00% |
| Georgetown, SC (FHA|USDA|VA) | 14 | $2,990,000 | $213,571 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 3 | $655,000 | $218,333 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Anderson Brothers 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 | 451 | $95,675,000 | $212,140 | $0 | 0.00% |
For 2022, Anderson Brothers Bank's most frequently originated type of loan was Conventional, with 451 originations.
Loan Reason
For 2022, Anderson Brothers Bank's most frequently cited loan purpose was Home Purchase, with 319 originations. The 2nd most popular reason was Refi, with 94 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 451 | $95,675,000 | $212,140 | $0 | 0.00% |
For 2022, Anderson Brothers Bank's most frequently cited loan duration was Other, with 451 originations.
Loan Sizing
2022 saw Anderson Brothers Bank place emphasis on $100,000 or less loans with 172 originations, totaling $10,410,000 in origination value.
Applicant Income
Anderson Brothers Bank lent most frequently to those with incomes in the $50k or less range, with 77 originations. The second most popular income band? $50k-75k, with 76 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 451 | $95,675,000 | $212,140 | $0 | 0.00% |
Anderson Brothers Bank lent most frequently to those with DTI ratios of Exempt%, with 451 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.60%
Anderson Brothers Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.04%
Anderson Brothers Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 451 | $95,675,000 | $212,140 |