Brighton Bank Mortgage Rates, Fees & Info
Brighton, TNLEI: 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
376Origination Dollar Volume (All Markets)
$84,240,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Product Mix
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
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
2022 saw Brighton Bank place emphasis on $200k-400k loans with 153 originations, totaling $43,975,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications94.92%
Brighton Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.12%
Brighton Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 376 | $84,240,000 | $224,043 |