Allsouth Mortgage Rates, Fees & Info
Columbia, SCLEI: 549300QYN3TROD97TI79
Tax ID: 57-0407742
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Mortgage Data
Review & Overview
Allsouth is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Allsouth has a high proportion of conventional loans. Their top two markets are Columbia and Sumter .Allsouth has an 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 12/16/24 |
| 30 Year Conventional Refi | 6.32% | 12/16/24 |
| 30 Year Cash-out Refi | 6.21% | 12/16/24 |
| 15 Year Conventional Purchase | 5.20% | 12/16/24 |
| 15 Year Conventional Refi | 5.67% | 12/16/24 |
| 15 Year Cash-out Refi | 5.67% | 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. | ||
Allsouth Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
297Origination Dollar Volume (All Markets)
$39,895,000Top 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 |
|---|---|---|---|---|---|
| COLUMBIA, SC (FHA|USDA|VA) | 260 | $34,590,000 | $133,038 | $0 | 0.00% |
| Outside of Metro Areas | 31 | $4,775,000 | $154,032 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 6 | $530,000 | $88,333 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 297 | $39,895,000 | $134,327 | $0 | 0.00% |
For 2019, Allsouth's most frequently originated type of loan was Conventional, with 297 originations.
Loan Reason
For 2019, Allsouth's most frequently cited loan purpose was Cash Out Refi, with 155 originations. The 2nd most popular reason was Home Purchase, with 97 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 297 | $39,895,000 | $134,327 | $0 | 0.00% |
For 2019, Allsouth's most frequently cited loan duration was Other, with 297 originations.
Loan Sizing
2019 saw Allsouth place emphasis on $100,000 or less loans with 127 originations, totaling $6,715,000 in origination value.
Applicant Income
Allsouth lent most frequently to those with incomes in the $50k or less range, with 78 originations. The second most popular income band? $50k-75k, with 77 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 297 | $39,895,000 | $134,327 | $0 | 0.00% |
Allsouth lent most frequently to those with DTI ratios of Exempt%, with 297 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications70.11%
Allsouth has a below average approval rate.
Pick Rate
Approvals leading to origination55.22%
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 |
|---|---|---|---|
| Exempt | 297 | $39,895,000 | $134,327 |