Carroll Bank And Trust Mortgage Rates, Fees & Info

Huntingdon, TN

LEI: 549300RN1POVRDD21477

Tax ID: 62-0123520

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

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Mortgage Data

Review & Overview

Carroll Bank And Trust is a smaller bank specializing in Cash Out Refi, Home Purchase, and Refi loans. Carroll Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Paris, Jackson, Martin, Clarksville, and Savannah among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Carroll Bank And Trust has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

400

Origination Dollar Volume (All Markets)

$47,070,000

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
Outside of Metro Areas 215 $22,945,000 $106,721 $0 0.00%
Paris, TN (FHA|USDA|VA) 99 $13,855,000 $139,949 $0 0.00%
JACKSON, TN (FHA|USDA|VA) 52 $4,900,000 $94,231 $0 0.00%
Martin, TN (FHA|USDA|VA) 17 $2,205,000 $129,706 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 4 $1,180,000 $295,000 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
Brownsville, TN (FHA|USDA|VA) 4 $560,000 $140,000 $0 0.00%
Dyersburg, TN (FHA|USDA|VA) 4 $390,000 $97,500 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
Union City, TN (FHA|USDA|VA) 3 $165,000 $55,000 $0 0.00%
Carroll Bank And Trust's top markets include Paris, Jackson, Martin, Clarksville, and Savannah among others.

Their top states include:
  • Tennessee (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 400 $47,070,000 $117,675 $0 0.00%

    For 2023, Carroll Bank And Trust's most frequently originated type of loan was Conventional, with 400 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 153 $14,905,000 $97,418 $0 0.00%
    Home Purchase 115 $12,405,000 $107,870 $0 0.00%
    Refi 113 $18,135,000 $160,487 $0 0.00%
    Other 13 $1,375,000 $105,769 $0 0.00%
    Home Improvement 6 $250,000 $41,667 $0 0.00%

    For 2023, Carroll Bank And Trust's most frequently cited loan purpose was Cash Out Refi, with 153 originations. The 2nd most popular reason was Home Purchase, with 115 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 400 $47,070,000 $117,675 $0 0.00%

    For 2023, Carroll Bank And Trust's most frequently cited loan duration was Other, with 400 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 238 $12,310,000 $51,723 $0 0.00%
    $100k-200k 108 $15,330,000 $141,944 $0 0.00%
    $200k-400k 40 $10,760,000 $269,000 $0 0.00%
    $400k-600k 11 $5,305,000 $482,273 $0 0.00%
    $1MM+ 2 $2,740,000 $1,370,000 $0 0.00%
    $600k-1MM 1 $625,000 $625,000 $0 0.00%

    2023 saw Carroll Bank And Trust place emphasis on $100,000 or less loans with 238 originations, totaling $12,310,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 92 $6,370,000 $69,239 $0 0.00%
    $50k-75k 79 $7,345,000 $92,975 $0 0.00%
    $75k-100k 73 $6,655,000 $91,164 $0 0.00%
    $100k-150k 53 $8,235,000 $155,377 $0 0.00%
    $250k+ 38 $6,580,000 $173,158 $0 0.00%
    $150k-250k 36 $7,910,000 $219,722 $0 0.00%

    Carroll Bank And Trust lent most frequently to those with incomes in the $50k or less range, with 92 originations. The second most popular income band? $50k-75k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 400 $47,070,000 $117,675 $0 0.00%

    Carroll Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 400 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 357 $42,585,000 $119,286 $0 0.00%
    Not applicable 26 $2,720,000 $104,615 $0 0.00%
    Black 13 $1,325,000 $101,923 $0 0.00%
    Asian Indian 2 $230,000 $115,000 $0 0.00%
    Vietnamese 1 $155,000 $155,000 $0 0.00%
    Other Pacific Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.62%

    Carroll Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.75%

    Carroll Bank And Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 400 $47,070,000 $117,675

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    400 $47,070,000 $117,675