Brighton Bank Mortgage Rates, Fees & Info

Brighton, TN

LEI: 549300PXIFIEPL7D7R86

Tax ID: 62-0138830

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Mortgage Data

Review & Overview

Brighton Bank is a smaller bank specializing in Home Purchase loans. Brighton Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Memphis, Evansville, Jackson, Nashville, and Atlanta among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

Brighton 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.

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Originations

376

Origination Dollar Volume (All Markets)

$84,240,000

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
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 200 $50,730,000 $253,650 $0 0.00%
Outside of Metro Areas 78 $12,580,000 $161,282 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 38 $3,950,000 $103,947 $0 0.00%
JACKSON, TN (FHA|USDA|VA) 11 $2,285,000 $207,727 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $1,250,000 $625,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $1,095,000 $365,000 $0 0.00%
LOUISVILLE, KY (FHA|USDA|VA) 2 $1,050,000 $525,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $900,000 $450,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
Hilo, HI (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 5 $435,000 $87,000 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
Corinth, MS (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
HATTIESBURG, MS (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
EL PASO, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
JACKSON, MS (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
GOLDSBORO, NC (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Brownsville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Brighton Bank's top markets include Memphis, Evansville, Jackson, Nashville, and Atlanta among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 238 $51,350,000 $215,756 $0 0.00%
    FHA 71 $16,915,000 $238,239 $0 0.00%
    USDA 39 $6,015,000 $154,231 $0 0.00%
    VA 28 $9,960,000 $355,714 $0 0.00%

    For 2022, Brighton Bank's most frequently originated type of loan was Conventional, with 238 originations. Their 2nd most popular type was FHA, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 304 $69,670,000 $229,178 $0 0.00%
    Cash Out Refi 48 $9,540,000 $198,750 $0 0.00%
    Refi 16 $3,240,000 $202,500 $0 0.00%
    Home Improvement 5 $1,385,000 $277,000 $0 0.00%
    Other 3 $405,000 $135,000 $0 0.00%

    For 2022, Brighton Bank's most frequently cited loan purpose was Home Purchase, with 304 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 376 $84,240,000 $224,043 $0 0.00%

    For 2022, Brighton Bank's most frequently cited loan duration was Other, with 376 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 153 $43,975,000 $287,418 $0 0.00%
    $100k-200k 121 $17,575,000 $145,248 $0 0.00%
    $100,000 or less 68 $4,980,000 $73,235 $0 0.00%
    $400k-600k 27 $12,605,000 $466,852 $0 0.00%
    $600k-1MM 6 $4,000,000 $666,667 $0 0.00%
    $1MM+ 1 $1,105,000 $1,105,000 $0 0.00%

    2022 saw Brighton Bank place emphasis on $200k-400k loans with 153 originations, totaling $43,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 77 $14,765,000 $191,753 $0 0.00%
    $100k-150k 76 $19,560,000 $257,368 $0 0.00%
    $75k-100k 69 $17,735,000 $257,029 $0 0.00%
    $50k or less 62 $8,140,000 $131,290 $0 0.00%
    $150k-250k 42 $13,300,000 $316,667 $0 0.00%
    $250k+ 16 $5,330,000 $333,125 $0 0.00%

    Brighton Bank lent most frequently to those with incomes in the $50k-75k range, with 77 originations. The second most popular income band? $100k-150k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 376 $84,240,000 $224,043 $0 0.00%

    Brighton Bank lent most frequently to those with DTI ratios of Exempt%, with 376 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 234 $56,590,000 $241,838 $0 0.00%
    Black 67 $13,465,000 $200,970 $0 0.00%
    Not provided 29 $5,775,000 $199,138 $0 0.00%
    Not applicable 33 $5,345,000 $161,970 $0 0.00%
    Asian 10 $2,570,000 $257,000 $0 0.00%
    American Indian 2 $410,000 $205,000 $0 0.00%
    Filipino 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.92%

    Brighton Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.12%

    Brighton Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 376 $84,240,000 $224,043

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    376 $84,240,000 $224,043