Allsouth Mortgage Rates, Fees & Info
Columbia, SCLEI: 549300QYN3TROD97TI79
Tax ID: 57-0407742
Latest/2024 | 2023 Data | 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 about average rates.
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Originations
289Origination Dollar Volume (All Markets)
$26,895,000Top 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 | $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% |
Their top states include:
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
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
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
2023 saw Allsouth place emphasis on $100,000 or less loans with 202 originations, totaling $8,810,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications69.97%
Allsouth has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination25.95%
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 |