Bank Of Monticello Mortgage Rates, Fees & Info
Monticello, GALEI: 549300TAFYLARKCKJ639
Tax ID: 58-0356515
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Monticello is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Monticello has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Naples, Milledgeville, and Macon among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Monticello has an above average approval rate when compared to the average across all lenders.
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Originations
84Origination Dollar Volume (All Markets)
$14,060,000Top 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) | 78 | $12,860,000 | $164,872 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $685,000 | $685,000 | $0 | 0.00% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $100,000 | $50,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $14,060,000 | $167,381 | $0 | 0.00% |
For 2023, Bank Of Monticello's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
For 2023, Bank Of Monticello's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $14,060,000 | $167,381 | $0 | 0.00% |
For 2023, Bank Of Monticello's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2023 saw Bank Of Monticello place emphasis on $100,000 or less loans with 44 originations, totaling $2,220,000 in origination value.
Applicant Income
Bank Of Monticello lent most frequently to those with incomes in the $50k-75k range, with 19 originations. The second most popular income band? $100k-150k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $14,060,000 | $167,381 | $0 | 0.00% |
Bank Of Monticello lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Bank Of Monticello has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $14,060,000 | $167,381 |