Allsouth Mortgage Rates, Fees & Info

Columbia, SC

LEI: 549300QYN3TROD97TI79

Tax ID: 57-0407742

1 stars - Updated: 3/28/24 - out of 5 stars, based on 17 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Allsouth is a smaller mortgage company specializing in Other, Home Purchase, and Cash Out Refi loans. Allsouth has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Newberry, Charleston, Sumter, and Charlotte among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Allsouth 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. Allsouth 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 relatively high 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.48% 3/28/24
30 Year Conventional Refi 6.32% 3/28/24
30 Year Cash-out Refi 6.21% 3/28/24
15 Year Conventional Purchase 5.20% 3/28/24
15 Year Conventional Refi 5.67% 3/28/24
15 Year Cash-out Refi 5.67% 3/28/24
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.

Allsouth Mortgage Calculator






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Estimated Loan Payment: Update the calculator values and click calculate payment!

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

289

Origination Dollar Volume (All Markets)

$26,895,000

Relative Rate

Allsouth's average 30 year fixed mortgage rate was 6.05%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.43%.

Relative Fees (Closing Costs)

Allsouth's average total fees/closing costs for a 30 year fixed rate mortgage were $0.

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 $9,089.

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
COLUMBIA, SC (FHA|USDA|VA) 260 $23,440,000 $90,154 $24 6.51%
Newberry, SC (FHA|USDA|VA) 12 $1,270,000 $105,833 $0 6.24%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $920,000 $230,000 $0 6.81%
SUMTER, SC (FHA|USDA|VA) 9 $625,000 $69,444 $0 6.46%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.50%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.25%
Seneca, SC (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.38%
Orangeburg, SC (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.75%
Allsouth's top markets include Columbia, Newberry, Charleston, Sumter, and Charlotte among others.

Their top states include:
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 289 $26,895,000 $93,062 $22 6.49%

    For 2023, Allsouth's most frequently originated type of loan was Conventional, with 289 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 97 $5,495,000 $56,649 $28 6.85%
    Home Improvement 87 $3,755,000 $43,161 $0 6.61%
    Home Purchase 53 $11,415,000 $215,377 $0 6.09%
    Cash Out Refi 49 $5,735,000 $117,041 $74 6.04%
    Refi 3 $495,000 $165,000 $0 5.96%

    For 2023, Allsouth's most frequently cited loan purpose was Other, with 97 originations. The 2nd most popular reason was Home Improvement, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 143 $5,235,000 $36,608 $22 7.06%
    15 Year 65 $7,245,000 $111,462 $49 5.93%
    30 Year 58 $12,970,000 $223,621 $0 6.05%
    10 Year 23 $1,445,000 $62,826 $0 5.65%

    For 2023, Allsouth's most frequently cited loan duration was Other, with 143 originations. The 2nd most popular length was 15 Year, with 65 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 289 $26,895,000 $93,062

    Allsouth's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 289 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 113 $10,315,000 $91,283
    5-6% 104 $12,750,000 $122,596
    7-8% 49 $2,175,000 $44,388
    Over 8% 14 $570,000 $40,714
    4-5% 9 $1,085,000 $120,556

    During 2023, Allsouth's average interest rate for loans was 6.05%, while their most frequently originated rate bucket for loans was 6-7%, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 202 $8,810,000 $43,614 $16 6.70%
    $100k-200k 49 $6,725,000 $137,245 $0 6.03%
    $200k-400k 33 $8,945,000 $271,061 $97 6.03%
    $400k-600k 5 $2,415,000 $483,000 $0 5.63%

    2023 saw Allsouth place emphasis on $100,000 or less loans with 202 originations, totaling $8,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 73 $5,275,000 $72,260 $31 6.51%
    $100k-150k 68 $7,010,000 $103,088 $0 6.68%
    $50k or less 57 $3,405,000 $59,737 $8 6.32%
    $75k-100k 55 $4,795,000 $87,182 $0 6.42%
    $150k-250k 33 $5,865,000 $177,727 $110 6.45%
    $250k+ 3 $545,000 $181,667 $0 6.63%

    Allsouth lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $100k-150k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 60 $5,190,000 $86,500 $0 6.44%
    30-36% 51 $4,535,000 $88,922 $21 6.44%
    42% 26 $3,460,000 $133,077 $123 6.50%
    <20% 25 $1,795,000 $71,800 $0 6.08%
    41% 18 $1,120,000 $62,222 $0 6.64%
    40% 18 $1,780,000 $98,889 $0 6.51%
    39% 16 $1,550,000 $96,875 $56 6.53%
    43% 16 $1,900,000 $118,750 $0 6.58%
    38% 16 $810,000 $50,625 $73 6.74%
    36% 13 $1,425,000 $109,615 $0 6.85%
    37% 11 $1,025,000 $93,182 $0 6.86%
    44% 6 $940,000 $156,667 $0 6.33%
    46% 5 $535,000 $107,000 $0 6.23%
    45% 4 $400,000 $100,000 $0 6.06%
    48% 3 $405,000 $135,000 $0 6.54%
    47% 1 $25,000 $25,000 $0 7.75%

    Allsouth lent most frequently to those with DTI ratios of 20-30%, with 60 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $16,055,000 $99,720 $3 6.48%
    Black 72 $5,640,000 $78,333 $0 6.54%
    Not provided 45 $3,715,000 $82,556 $131 6.47%
    Asian 7 $855,000 $122,143 $0 6.23%
    American Indian 4 $630,000 $157,500 $0 6.72%

    Approval Rates

    Total approvals of all applications
    69.97%

    Allsouth has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    25.95%

    Allsouth 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 289 $26,895,000 $93,062

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    289 $26,895,000 $93,062

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 63 $4,435,000 $70,397 $0 6.28%
    40-60% 30 $3,190,000 $106,333 $106 6.25%
    60-80% 41 $6,995,000 $170,610 $0 6.04%
    80-100% 30 $8,170,000 $272,333 $0 6.02%
    Under 20% 125 $4,105,000 $32,840 $25 6.92%