Progressive Savings Bank Mortgage Rates, Fees & Info

JAMESTOWN, TN

LEI: 549300TKNCUTNJMQVB32

Tax ID: 62-1084675

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Progressive Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Progressive Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cookeville, Crossville, Knoxville, Athens, and Nashville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Progressive Savings 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    177

    Origination Dollar Volume (All Markets)

    $22,875,000

    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
    Cookeville, TN (FHA|USDA|VA) 34 $7,200,000 $211,765 $0 0.00%
    Crossville, TN (FHA|USDA|VA) 54 $6,290,000 $116,481 $0 0.00%
    Outside of Metro Areas 50 $5,600,000 $112,000 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 37 $3,475,000 $93,919 $0 0.00%
    Athens, TN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Progressive Savings Bank's top markets include Cookeville, Crossville, Knoxville, Athens, and Nashville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $22,875,000 $129,237 $0 0.00%

    For 2018, Progressive Savings Bank's most frequently originated type of loan was Conventional, with 177 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 89 $12,795,000 $143,764 $0 0.00%
    Refi 44 $5,980,000 $135,909 $0 0.00%
    Cash Out Refi 23 $2,975,000 $129,348 $0 0.00%
    Home Improvement 11 $805,000 $73,182 $0 0.00%
    Other 10 $320,000 $32,000 $0 0.00%

    For 2018, Progressive Savings Bank's most frequently cited loan purpose was Home Purchase, with 89 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 177 $22,875,000 $129,237 $0 0.00%

    For 2018, Progressive Savings Bank's most frequently cited loan duration was Other, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $4,735,000 $54,425 $0 0.00%
    $100k-200k 54 $7,610,000 $140,926 $0 0.00%
    $200k-400k 30 $7,210,000 $240,333 $0 0.00%
    $400k-600k 5 $2,395,000 $479,000 $0 0.00%
    $600k-1MM 1 $925,000 $925,000 $0 0.00%

    2018 saw Progressive Savings Bank place emphasis on $100,000 or less loans with 87 originations, totaling $4,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 56 $4,460,000 $79,643 $0 0.00%
    $50k-75k 34 $3,780,000 $111,176 $0 0.00%
    $100k-150k 26 $3,760,000 $144,615 $0 0.00%
    $75k-100k 26 $3,450,000 $132,692 $0 0.00%
    $150k-250k 11 $1,975,000 $179,545 $0 0.00%
    $250k+ 4 $2,100,000 $525,000 $0 0.00%

    Progressive Savings Bank lent most frequently to those with incomes in the $50k or less range, with 56 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 177 $22,875,000 $129,237 $0 0.00%

    Progressive Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 177 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $19,985,000 $124,130 $0 0.00%
    Not applicable 7 $1,535,000 $219,286 $0 0.00%
    Not provided 7 $1,065,000 $152,143 $0 0.00%
    Asian 2 $290,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.28%

    Progressive Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.14%

    Progressive Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 177 $22,875,000 $129,237

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,195,000 $239,000
    Single Family (1-4 Units):Manufactured 21 $1,305,000 $62,143
    Single Family (1-4 Units):Site-Built 151 $20,375,000 $134,934