Bank Of Dawson Mortgage Rates, Fees & Info
Dawson, GALEI: 549300NFFZ9YOVNMJO35
Tax ID: 58-0152740
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Dawson is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Dawson has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Americus, and Augusta among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Dawson 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
72Origination Dollar Volume (All Markets)
$5,910,000Top 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 |
|---|---|---|---|---|---|
| ALBANY, GA (FHA|USDA|VA) | 58 | $5,140,000 | $88,621 | $343 | 6.15% |
| Outside of Metro Areas | 11 | $605,000 | $55,000 | $584 | 6.20% |
| Americus, GA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $907 | 6.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $5,910,000 | $82,083 | $408 | 6.17% |
For 2018, Bank Of Dawson's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2018, Bank Of Dawson's most frequently cited loan purpose was Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
For 2018, Bank Of Dawson's most frequently cited loan duration was Other, with 52 originations. The 2nd most popular length was 5 Year, with 7 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 31 | $1,245,000 | $40,161 |
Bank Of Dawson's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 23 | $2,695,000 | $117,174 |
| 7-8% | 23 | $1,105,000 | $48,043 |
| 5-6% | 17 | $985,000 | $57,941 |
| 6-7% | 9 | $1,125,000 | $125,000 |
During 2018, Bank Of Dawson's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 23 originations.
Loan Sizing
2018 saw Bank Of Dawson place emphasis on $100,000 or less loans with 59 originations, totaling $2,215,000 in origination value.
Applicant Income
Bank Of Dawson lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
Bank Of Dawson lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.37%
Bank Of Dawson has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.22%
Bank Of Dawson 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 |
|---|---|---|---|
| NA | 72 | $5,910,000 | $82,083 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |