River City Bank Mortgage Rates, Fees & Info
Rome, GALEI: 549300TQIZ85N2EIS783
Tax ID: 20-4566095
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
River City Bank is a smaller bank specializing in Home Purchase and Refi loans. River City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rome, Atlanta, Summerville, Asheville, and Alexander City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)River City 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
44Origination Dollar Volume (All Markets)
$12,390,000Top 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 |
|---|---|---|---|---|---|
| ROME, GA (FHA|USDA|VA) | 16 | $4,840,000 | $302,500 | $0 | 0.00% |
| Outside of Metro Areas | 15 | $4,575,000 | $305,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $1,480,000 | $185,000 | $0 | 0.00% |
| Summerville, GA (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 44 | $12,390,000 | $281,591 | $0 | 0.00% |
For 2023, River City Bank's most frequently originated type of loan was Conventional, with 44 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 28 | $7,950,000 | $283,929 | $0 | 0.00% |
| Refi | 15 | $4,425,000 | $295,000 | $0 | 0.00% |
| Home Improvement | 1 | $15,000 | $15,000 | $0 | 0.00% |
For 2023, River City Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 44 | $12,390,000 | $281,591 | $0 | 0.00% |
For 2023, River City Bank's most frequently cited loan duration was Other, with 44 originations.
Loan Sizing
2023 saw River City Bank place emphasis on $200k-400k loans with 13 originations, totaling $3,465,000 in origination value.
Applicant Income
River City Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k-75k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 44 | $12,390,000 | $281,591 | $0 | 0.00% |
River City Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.15%
River City 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 origination86.36%
River City Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 44 | $12,390,000 | $281,591 |