River City Bank Mortgage Rates, Fees & Info

Rome, GA

LEI: 549300TQIZ85N2EIS783

Tax ID: 20-4566095

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
  • Complaints
  • 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

    River City Bank is a smaller bank specializing in Refi and Home Purchase loans. River City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rome, Atlanta, Cedartown, Calhoun, and Daphne among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    River City Bank has an average approval rate when compared to the average across all lenders. They have an 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

    62

    Origination Dollar Volume (All Markets)

    $11,690,000

    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
    ROME, GA (FHA|USDA|VA) 44 $7,570,000 $172,045 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $1,425,000 $203,571 $0 0.00%
    Cedartown, GA (FHA|USDA|VA) 4 $1,390,000 $347,500 $0 0.00%
    Calhoun, GA (FHA|USDA|VA) 4 $700,000 $175,000 $0 0.00%
    Outside of Metro Areas 2 $390,000 $195,000 $0 0.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    River City Bank's top markets include Rome, Atlanta, Cedartown, Calhoun, and Daphne among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $11,690,000 $188,548 $0 0.00%

    For 2018, River City Bank's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 41 $6,925,000 $168,902 $0 0.00%
    Home Purchase 21 $4,765,000 $226,905 $0 0.00%

    For 2018, River City Bank's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 62 $11,690,000 $188,548 $0 0.00%

    For 2018, River City Bank's most frequently cited loan duration was Other, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 36 $2,020,000 $56,111 $0 0.00%
    $200k-400k 9 $2,525,000 $280,556 $0 0.00%
    $100k-200k 7 $945,000 $135,000 $0 0.00%
    $400k-600k 7 $3,755,000 $536,429 $0 0.00%
    $600k-1MM 2 $1,440,000 $720,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2018 saw River City Bank place emphasis on $100,000 or less loans with 36 originations, totaling $2,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 13 $4,605,000 $354,231 $0 0.00%
    $150k-250k 8 $900,000 $112,500 $0 0.00%
    $50k or less 6 $330,000 $55,000 $0 0.00%
    $50k-75k 3 $165,000 $55,000 $0 0.00%
    $75k-100k 3 $975,000 $325,000 $0 0.00%

    River City Bank lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $150k-250k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $11,690,000 $188,548 $0 0.00%

    River City Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 34 $7,490,000 $220,294 $0 0.00%
    Not applicable 27 $4,125,000 $152,778 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.19%

    River City Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.55%

    River City Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 62 $11,690,000 $188,548

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,895,000 $413,571
    Single Family (1-4 Units):Site-Built 55 $8,795,000 $159,909

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Reverse Mortgages.com, Inc. Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%