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 Refi and Home Purchase loans. The Piedmont Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Gainesville, Crestview, Orlando, and Troy 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 an above average pick rate when compared to similar lenders.
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Originations
149Origination Dollar Volume (All Markets)
$78,605,000Top 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) | 61 | $31,695,000 | $519,590 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $25,650,000 | $610,714 | $0 | 0.00% |
| GAINESVILLE, GA (FHA|USDA|VA) | 18 | $4,340,000 | $241,111 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $3,875,000 | $3,875,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.00% |
| Troy, AL (FHA|USDA|VA) | 1 | $2,655,000 | $2,655,000 | $0 | 0.00% |
| Jefferson, GA (FHA|USDA|VA) | 11 | $1,625,000 | $147,727 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $1,545,000 | $515,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $1,350,000 | $675,000 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $1,255,000 | $1,255,000 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 3 | $1,065,000 | $355,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 0.00% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Americus, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $78,605,000 | $527,550 | $0 | 0.00% |
For 2022, The Piedmont Bank's most frequently originated type of loan was Conventional, with 149 originations.
Loan Reason
For 2022, The Piedmont Bank's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 68 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $78,605,000 | $527,550 | $0 | 0.00% |
For 2022, The Piedmont Bank's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2022 saw The Piedmont Bank place emphasis on $100k-200k loans with 39 originations, totaling $5,735,000 in origination value.
Applicant Income
The Piedmont Bank lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $150k-250k, with 15 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 149 | $78,605,000 | $527,550 | $0 | 0.00% |
The Piedmont Bank lent most frequently to those with DTI ratios of Exempt%, with 149 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.14%
The Piedmont Bank has an average approval rate.
Pick Rate
Approvals leading to origination97.99%
The Piedmont 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 | 149 | $78,605,000 | $527,550 |