Allsouth Mortgage Rates, Fees & Info
Columbia, SCLEI: 549300QYN3TROD97TI79
Tax ID: 57-0407742
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 Cash Out Refi, Other, and Home Purchase loans. Allsouth has a high proportion of conventional loans. Their top markets by origination volume include: Columbia, Newberry, Sumter, and Orangeburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 4/14/24 |
| 30 Year Conventional Refi | 6.32% | 4/14/24 |
| 30 Year Cash-out Refi | 6.21% | 4/14/24 |
| 15 Year Conventional Purchase | 5.20% | 4/14/24 |
| 15 Year Conventional Refi | 5.67% | 4/14/24 |
| 15 Year Cash-out Refi | 5.67% | 4/14/24 |
| 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
406Origination Dollar Volume (All Markets)
$52,030,000Top 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) | 364 | $46,440,000 | $127,582 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $3,080,000 | $171,111 | $0 | 0.00% |
| Newberry, SC (FHA|USDA|VA) | 14 | $1,790,000 | $127,857 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 9 | $655,000 | $72,778 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 406 | $52,030,000 | $128,153 | $0 | 0.00% |
For 2020, Allsouth's most frequently originated type of loan was Conventional, with 406 originations.
Loan Reason
For 2020, Allsouth's most frequently cited loan purpose was Cash Out Refi, with 124 originations. The 2nd most popular reason was Other, with 104 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 406 | $52,030,000 | $128,153 | $0 | 0.00% |
For 2020, Allsouth's most frequently cited loan duration was Other, with 406 originations.
Loan Sizing
2020 saw Allsouth place emphasis on $100,000 or less loans with 174 originations, totaling $9,320,000 in origination value.
Applicant Income
Allsouth lent most frequently to those with incomes in the $50k-75k range, with 99 originations. The second most popular income band? $50k or less, with 94 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 406 | $52,030,000 | $128,153 | $0 | 0.00% |
Allsouth lent most frequently to those with DTI ratios of Exempt%, with 406 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications77.52%
Allsouth has a below average approval rate.
Pick Rate
Approvals leading to origination66.50%
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 | 406 | $52,030,000 | $128,153 |