Carolina Foothills Mortgage Rates, Fees & Info
Spartanburg, SCLEI: 549300QBV10SC3TEU133
Tax ID: 57-0424876
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Carolina Foothills is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Carolina Foothills has a high proportion of conventional loans. Their top markets by origination volume include: Greenville, Spartanburg, Columbia, Gaffney, and Shelby among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Carolina Foothills has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Carolina Foothills 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.09% | 4/5/25 |
| 30 Year Conventional Refi | 5.75% | 4/5/25 |
| 30 Year Cash-out Refi | 6.24% | 4/5/25 |
| 15 Year Conventional Purchase | 6.41% | 4/5/25 |
| 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. | ||
Carolina Foothills Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Carolina Foothills. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
34Origination Dollar Volume (All Markets)
$6,320,000Awards
CAROLINA FOOTHILLS - 2024
CAROLINA FOOTHILLS is a 2024 , due to their low .
For 2024, less than of lenders were eligible for this award.
Work for CAROLINA FOOTHILLS?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Carolina Foothills's average 30 year fixed mortgage rate was
4.9%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -1.65%.
Relative Fees (Closing Costs)
Carolina Foothills's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,409.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
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) | 14 | $2,770,000 | $197,857 | $4,327 | 5.62% |
| SPARTANBURG, SC (FHA|USDA|VA) | 13 | $2,625,000 | $201,923 | $5,573 | 4.78% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,951 | 5.66% |
| Gaffney, SC (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $2,259 | 6.66% |
| Shelby, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,387 | 6.30% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against CAROLINA FOOTHILLS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 396
Similarity Rank: 441
Similarity Rank: 714
Similarity Rank: 900
Similarity Rank: 1102
Similarity Rank: 1152
Similarity Rank: 1246
Similarity Rank: 1408
Similarity Rank: 1440
Similarity Rank: 1470
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 34 | $6,320,000 | $185,882 | $4,465 | 5.47% |
For 2024, Carolina Foothills's most frequently originated type of loan was Conventional, with 34 originations.
Loan Reason
For 2024, Carolina Foothills's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
For 2024, Carolina Foothills's most frequently cited loan duration was 30 Year, with 21 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 33 | $6,085,000 | $184,394 |
Carolina Foothills's average total fees were $5,409, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 19 | $3,195,000 | $168,158 |
| 5-6% | 7 | $1,455,000 | $207,857 |
| <2.5% | 5 | $1,005,000 | $201,000 |
| 7-8% | 2 | $430,000 | $215,000 |
During 2024, Carolina Foothills's average interest rate for loans was 4.90%, while their most frequently originated rate bucket for loans was 6-7%, with 19 originations.
Loan Sizing
2024 saw Carolina Foothills place emphasis on $200k-400k loans with 14 originations, totaling $3,790,000 in origination value.
Applicant Income
Carolina Foothills lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $50k or less, with 8 originations.
Applicant Debt to Income Ratio
Carolina Foothills lent most frequently to those with DTI ratios of 20-30%, with 14 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 25 | $4,335,000 | $173,400 | $4,698 | 6.42% |
| Black | 9 | $1,985,000 | $220,556 | $3,842 | 2.94% |
Approval Rates
Total approvals of all applications61.74%
Carolina Foothills has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination41.18%
Carolina Foothills has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 34 | $6,320,000 | $185,882 |