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 Refi and Home Purchase loans. River City Bank has a high proportion of conventional loans. Their top markets by origination volume include: Rome, Atlanta, Calhoun, Sevierville, and Cedartown 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 an above average pick rate when compared to similar lenders.
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Originations
58Origination Dollar Volume (All Markets)
$10,080,000Top 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) | 42 | $6,430,000 | $153,095 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 8 | $2,460,000 | $307,500 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Cedartown, GA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Summerville, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $10,080,000 | $173,793 | $0 | 0.00% |
For 2019, River City Bank's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2019, River City Bank's most frequently cited loan purpose was Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $10,080,000 | $173,793 | $0 | 0.00% |
For 2019, River City Bank's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2019 saw River City Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,645,000 in origination value.
Applicant Income
River City Bank lent most frequently to those with incomes in the $250k+ range, with 11 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% | 58 | $10,080,000 | $173,793 | $0 | 0.00% |
River City Bank lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 37 | $5,755,000 | $155,541 | $0 | 0.00% |
| Not applicable | 21 | $4,325,000 | $205,952 | $0 | 0.00% |
Approval Rates
Total approvals of all applications93.75%
River City Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.55%
River City 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 | 58 | $10,080,000 | $173,793 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| REVERSE MORTGAGE INVESTMENT TR | Conventional home mortgage | Struggling to pay mortgage | 3 | 9.7% |
| REVERSE MORTGAGE INVESTMENT TR | Other type of mortgage | Struggling to pay mortgage | 1 | 3.2% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.2% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Closing on a mortgage | 4 | 12.9% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Struggling to pay mortgage | 8 | 25.8% |
| REVERSE MORTGAGE INVESTMENT TR | Reverse mortgage | Trouble during payment process | 14 | 45.2% |