First Jackson Bank Mortgage Rates, Fees & Info
Stevenson, ALLEI: 549300MGJ0J02F6KDW38
Tax ID: 63-0800802
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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, Chattanooga, Huntsville, Nashville, and Arcadia among others. We have data for 10 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.
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Originations
114Origination Dollar Volume (All Markets)
$18,140,000Top 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 |
|---|---|---|---|---|---|
| Scottsboro, AL (FHA|USDA|VA) | 62 | $6,570,000 | $105,968 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 22 | $4,290,000 | $195,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 15 | $3,845,000 | $256,333 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 9 | $665,000 | $73,889 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 114 | $18,140,000 | $159,123 | $0 | 0.00% |
For 2024, First Jackson Bank's most frequently originated type of loan was Conventional, with 114 originations.
Loan Reason
For 2024, First Jackson Bank's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 114 | $18,140,000 | $159,123 | $0 | 0.00% |
For 2024, First Jackson Bank's most frequently cited loan duration was Other, with 114 originations.
Loan Sizing
2024 saw First Jackson Bank place emphasis on $100,000 or less loans with 56 originations, totaling $2,650,000 in origination value.
Applicant Income
First Jackson Bank lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 114 | $18,140,000 | $159,123 | $0 | 0.00% |
First Jackson Bank lent most frequently to those with DTI ratios of Exempt%, with 114 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.80%
First Jackson Bank has an average approval rate.
Pick Rate
Approvals leading to origination98.25%
First Jackson 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 | 114 | $18,140,000 | $159,123 |