Oakworth Capital Bank Mortgage Rates, Fees & Info
Birmingham, ALLEI: 549300SX6THT96LFD245
Tax ID: 26-1866970
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Mortgage Data
Review & Overview
Oakworth Capital Bank is a smaller bank specializing in Home Purchase and Refi loans. Oakworth Capital Bank has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Mobile, Birmingham, Panama City, and Crestview among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Oakworth Capital Bank 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
25Origination Dollar Volume (All Markets)
$24,895,000Top 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 |
---|---|---|---|---|---|
AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $6,035,000 | $6,035,000 | $0 | 0.00% |
MOBILE, AL (FHA|USDA|VA) | 10 | $6,010,000 | $601,000 | $0 | 0.00% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 9 | $5,405,000 | $600,556 | $0 | 0.00% |
PANAMA CITY, FL (FHA|USDA|VA) | 1 | $4,925,000 | $4,925,000 | $0 | 0.00% |
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $0 | 0.00% |
DECATUR, AL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 25 | $24,895,000 | $995,800 | $0 | 0.00% |
For 2019, Oakworth Capital Bank's most frequently originated type of loan was Conventional, with 25 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Home Purchase | 14 | $15,870,000 | $1,133,571 | $0 | 0.00% |
Cash Out Refi | 9 | $2,785,000 | $309,444 | $0 | 0.00% |
Refi | 2 | $6,240,000 | $3,120,000 | $0 | 0.00% |
For 2019, Oakworth Capital Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 25 | $24,895,000 | $995,800 | $0 | 0.00% |
For 2019, Oakworth Capital Bank's most frequently cited loan duration was Other, with 25 originations.
Loan Sizing
2019 saw Oakworth Capital Bank place emphasis on $100,000 or less loans with 7 originations, totaling $405,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$250k+ | 4 | $1,420,000 | $355,000 | $0 | 0.00% |
$50k or less | 4 | $330,000 | $82,500 | $0 | 0.00% |
$75k-100k | 1 | $75,000 | $75,000 | $0 | 0.00% |
Oakworth Capital Bank lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $50k or less, with 4 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 25 | $24,895,000 | $995,800 | $0 | 0.00% |
Oakworth Capital Bank lent most frequently to those with DTI ratios of Exempt%, with 25 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Not applicable | 16 | $23,070,000 | $1,441,875 | $0 | 0.00% |
White | 9 | $1,825,000 | $202,778 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Oakworth Capital Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.00%
Oakworth Capital Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 25 | $24,895,000 | $995,800 |