Southern First Bank Mortgage Rates, Fees & Info
GREENVILLE, SCLEI: 549300PP6R8WIOP60124
Tax ID: 56-2184826
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Mortgage Data
Review & Overview
Southern First Bank is a smaller bank specializing in Home Purchase loans. Southern First Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Greenville, Atlanta, Charleston, Spartanburg, and Charlotte among others. We have data for 67 markets. (Some data included below & more in-depth data is available with an active subscription.)Southern First 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. Southern First Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.39% | 12/16/24 |
| 30 Year Conventional Refi | 6.36% | 12/16/24 |
| 30 Year Cash-out Refi | 6.51% | 12/16/24 |
| 30 Year FHA Purchase | 7.33% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.45% | 12/16/24 |
| 30 Year VA Refi | 6.01% | 12/16/24 |
| 30 Year USDA Purchase | 6.27% | 12/16/24 |
| 15 Year Conventional Purchase | 6.09% | 12/16/24 |
| 15 Year Conventional Refi | 6.05% | 12/16/24 |
| 15 Year Cash-out Refi | 6.05% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Southern First Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,998Origination Dollar Volume (All Markets)
$841,760,000Awards
Southern First Bank - 2022
Southern First Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 995 | $365,985,000 | $367,824 | $4,278 | 4.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 202 | $112,430,000 | $556,584 | $5,295 | 4.72% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 226 | $102,830,000 | $455,000 | $4,777 | 4.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 77 | $28,225,000 | $366,558 | $4,828 | 4.45% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 49 | $24,525,000 | $500,510 | $4,823 | 4.74% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 68 | $23,430,000 | $344,559 | $3,358 | 4.47% |
| COLUMBIA, SC (FHA|USDA|VA) | 61 | $21,125,000 | $346,311 | $3,678 | 4.53% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 48 | $19,040,000 | $396,667 | $2,744 | 4.64% |
| Seneca, SC (FHA|USDA|VA) | 28 | $15,900,000 | $567,857 | $4,250 | 4.85% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 34 | $14,670,000 | $431,471 | $3,572 | 4.70% |
| Cullowhee, NC (FHA|USDA|VA) | 6 | $10,750,000 | $1,791,667 | $6,300 | 4.28% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $10,310,000 | $5,155,000 | $0 | 5.00% |
| Outside of Metro Areas | 26 | $9,930,000 | $381,923 | $4,457 | 4.66% |
| ASHEVILLE, NC (FHA|USDA|VA) | 14 | $6,850,000 | $489,286 | $3,391 | 4.88% |
| Brevard, NC (FHA|USDA|VA) | 5 | $6,195,000 | $1,239,000 | $4,813 | 4.40% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 16 | $6,160,000 | $385,000 | $3,294 | 5.09% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 10 | $6,000,000 | $600,000 | $5,917 | 4.91% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 18 | $5,830,000 | $323,889 | $3,701 | 4.70% |
| WILMINGTON, NC (FHA|USDA|VA) | 8 | $4,290,000 | $536,250 | $4,530 | 4.48% |
| Georgetown, SC (FHA|USDA|VA) | 8 | $3,530,000 | $441,250 | $4,550 | 4.18% |
| Morehead City, NC (FHA|USDA|VA) | 6 | $3,450,000 | $575,000 | $3,846 | 5.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $3,090,000 | $1,545,000 | $10,578 | 3.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $2,670,000 | $667,500 | $9,112 | 4.28% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $2,570,000 | $1,285,000 | $8,959 | 4.00% |
| Boone, NC (FHA|USDA|VA) | 5 | $2,435,000 | $487,000 | $3,060 | 5.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 7 | $2,415,000 | $345,000 | $4,093 | 4.55% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $2,335,000 | $2,335,000 | $16,382 | 4.25% |
| Milledgeville, GA (FHA|USDA|VA) | 18 | $2,290,000 | $127,222 | $3,168 | 5.31% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $2,145,000 | $715,000 | $5,894 | 4.13% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $2,070,000 | $1,035,000 | $10,815 | 3.74% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 5.25% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $0 | 3.75% |
| BRUNSWICK, GA (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 4.00% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $2,713 | 5.63% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $6,087 | 4.28% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $7,740 | 3.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $2,362 | 3.75% |
| Kinston, NC (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $0 | 4.25% |
| Newberry, SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $1,289 | 5.18% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 6.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $3,051 | 4.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 3.50% |
| Greenwood, SC (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,272 | 5.13% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,720 | 3.25% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $7,352 | 3.80% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $5,139 | 4.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $5,533 | 3.54% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 4.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $6,699 | 4.25% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,978 | 4.38% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,895 | 2.38% |
| Orangeburg, SC (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 6.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,064 | 5.13% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 6.25% |
| Washington, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 4.35% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,035 | 5.50% |
| Shelby, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,157 | 3.75% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,075 | 3.90% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,676 | 5.90% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,205 | 3.75% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 6.50% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,000 | 2.75% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.95% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 3.75% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.85% |
Similar Lenders
We use machine learning to identify the top lenders compared against Southern First 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
For 2022, Southern First Bank's most frequently originated type of loan was Conventional, with 1,386 originations. Their 2nd most popular type was HELOC, with 572 originations.
Loan Reason
For 2022, Southern First Bank's most frequently cited loan purpose was Home Purchase, with 1,072 originations. The 2nd most popular reason was Refi, with 335 originations.
Loan Duration/Length
For 2022, Southern First Bank's most frequently cited loan duration was 30 Year, with 745 originations. The 2nd most popular length was 15 Year, with 606 originations.
Origination Fees/Closing Costs
Southern First Bank's average total fees were $4,399, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 542 originations.
Interest Rates
During 2022, Southern First Bank's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 3-4%, with 744 originations.
Loan Sizing
2022 saw Southern First Bank place emphasis on $200k-400k loans with 711 originations, totaling $198,625,000 in origination value.
Applicant Income
Southern First Bank lent most frequently to those with incomes in the $250k+ range, with 583 originations. The second most popular income band? $150k-250k, with 381 originations.
Applicant Debt to Income Ratio
Southern First Bank lent most frequently to those with DTI ratios of 20-30%, with 525 originations. The next most common DTI ratio? <20%, with 417 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.35%
Southern First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination86.99%
Southern First Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $595,000 | $595,000 |
| NA | 1,997 | $841,165,000 | $421,214 |