The Exchange Bank Of Alabama Mortgage Rates, Fees & Info
Altoona, ALLEI: 549300OPZE52Y4J4QP25
Tax ID: 63-0073830
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Exchange Bank Of Alabama is a smaller bank specializing in Home Purchase and Refi loans. The Exchange Bank Of Alabama has a high proportion of conventional loans. Their top markets by origination volume include: Gadsden, Daphne, Birmingham, Huntsville, and Albertville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Exchange Bank Of Alabama has an 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
69Origination Dollar Volume (All Markets)
$15,475,000Top 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 |
|---|---|---|---|---|---|
| GADSDEN, AL (FHA|USDA|VA) | 56 | $9,770,000 | $174,464 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 5 | $1,495,000 | $299,000 | $0 | 0.00% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $1,175,000 | $1,175,000 | $0 | 0.00% |
| Albertville, AL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $15,475,000 | $224,275 | $0 | 0.00% |
For 2022, The Exchange Bank Of Alabama's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2022, The Exchange Bank Of Alabama's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 22 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $15,475,000 | $224,275 | $0 | 0.00% |
For 2022, The Exchange Bank Of Alabama's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2022 saw The Exchange Bank Of Alabama place emphasis on $100,000 or less loans with 23 originations, totaling $1,505,000 in origination value.
Applicant Income
The Exchange Bank Of Alabama lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $15,475,000 | $224,275 | $0 | 0.00% |
The Exchange Bank Of Alabama lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.65%
The Exchange Bank Of Alabama has an average approval rate.
Pick Rate
Approvals leading to origination97.10%
The Exchange Bank Of Alabama 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 | 69 | $15,475,000 | $224,275 |