First Jackson Bank Mortgage Rates, Fees & Info

Stevenson, AL

LEI: 549300MGJ0J02F6KDW38

Tax ID: 63-0800802

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Jackson Bank is a smaller bank specializing in Home Purchase and Refi loans. First Jackson Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scottsboro, Huntsville, Chattanooga, Sevierville, and Albertville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Jackson 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.

    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.

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    Originations

    130

    Origination Dollar Volume (All Markets)

    $20,600,000

    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
    Scottsboro, AL (FHA|USDA|VA) 69 $7,315,000 $106,014 $0 0.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 26 $6,510,000 $250,385 $0 0.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 18 $2,770,000 $153,889 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 2 $1,140,000 $570,000 $0 0.00%
    Albertville, AL (FHA|USDA|VA) 3 $1,055,000 $351,667 $0 0.00%
    Fort Payne, AL (FHA|USDA|VA) 8 $1,010,000 $126,250 $0 0.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
    First Jackson Bank's top markets include Scottsboro, Huntsville, Chattanooga, Sevierville, and Albertville among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 130 $20,600,000 $158,462 $0 0.00%

    For 2023, First Jackson Bank's most frequently originated type of loan was Conventional, with 130 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $11,130,000 $185,500 $0 0.00%
    Refi 52 $8,020,000 $154,231 $0 0.00%
    Home Improvement 13 $655,000 $50,385 $0 0.00%
    Other 5 $795,000 $159,000 $0 0.00%

    For 2023, First Jackson Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 130 $20,600,000 $158,462 $0 0.00%

    For 2023, First Jackson Bank's most frequently cited loan duration was Other, with 130 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $2,880,000 $49,655 $0 0.00%
    $100k-200k 36 $5,140,000 $142,778 $0 0.00%
    $200k-400k 25 $6,895,000 $275,800 $0 0.00%
    $400k-600k 9 $4,015,000 $446,111 $0 0.00%
    $600k-1MM 2 $1,670,000 $835,000 $0 0.00%

    2023 saw First Jackson Bank place emphasis on $100,000 or less loans with 58 originations, totaling $2,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $1,430,000 $65,000 $0 0.00%
    $100k-150k 21 $3,165,000 $150,714 $0 0.00%
    $50k-75k 18 $1,840,000 $102,222 $0 0.00%
    $75k-100k 10 $2,200,000 $220,000 $0 0.00%
    $150k-250k 7 $1,925,000 $275,000 $0 0.00%
    $250k+ 2 $700,000 $350,000 $0 0.00%

    First Jackson Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 130 $20,600,000 $158,462 $0 0.00%

    First Jackson Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 94 $13,010,000 $138,404 $0 0.00%
    Not applicable 28 $6,710,000 $239,643 $0 0.00%
    Asian 3 $435,000 $145,000 $0 0.00%
    Black 4 $370,000 $92,500 $0 0.00%
    Not provided 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.59%

    First Jackson Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.31%

    First Jackson Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 130 $20,600,000 $158,462

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    130 $20,600,000 $158,462