The Piedmont Bank Mortgage Rates, Fees & Info
Norcross, GALEI: 549300T0T513EF0UT426
Tax ID: 43-2114621
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Mortgage Data
Review & Overview
The Piedmont Bank is a smaller bank specializing in Home Purchase loans. The Piedmont Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Glenwood Springs, San Juan, Brunswick, and Gainesville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)The Piedmont Bank has an above 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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Originations
92Origination Dollar Volume (All Markets)
$76,450,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 39 | $31,965,000 | $819,615 | $0 | 0.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $23,005,000 | $23,005,000 | $0 | 0.00% |
| Outside of Metro Areas | 27 | $8,685,000 | $321,667 | $0 | 0.00% |
| SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) | 1 | $4,305,000 | $4,305,000 | $0 | 0.00% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $2,285,000 | $2,285,000 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 8 | $1,410,000 | $176,250 | $0 | 0.00% |
| Cornelia, GA (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 7 | $825,000 | $117,857 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 92 | $76,450,000 | $830,978 | $0 | 0.00% |
For 2023, The Piedmont Bank's most frequently originated type of loan was Conventional, with 92 originations.
Loan Reason
For 2023, The Piedmont Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 92 | $76,450,000 | $830,978 | $0 | 0.00% |
For 2023, The Piedmont Bank's most frequently cited loan duration was Other, with 92 originations.
Loan Sizing
2023 saw The Piedmont Bank place emphasis on $100,000 or less loans with 22 originations, totaling $1,070,000 in origination value.
Applicant Income
The Piedmont Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 92 | $76,450,000 | $830,978 | $0 | 0.00% |
The Piedmont Bank lent most frequently to those with DTI ratios of Exempt%, with 92 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.66%
The Piedmont Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.04%
The Piedmont Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 92 | $76,450,000 | $830,978 |