Sycamore Bank Mortgage Rates, Fees & Info
Senatobia, MSLEI: 549300UBL8B7C63DKZ49
Tax ID: 64-0236520
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Mortgage Data
Review & Overview
Sycamore Bank is a smaller bank specializing in Refi and Home Purchase loans. Sycamore Bank has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Oxford, Starkville, Jackson, and Batesville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Sycamore 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
145Origination Dollar Volume (All Markets)
$22,525,000Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 104 | $13,230,000 | $127,212 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 25 | $5,865,000 | $234,600 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,730,000 | $144,167 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Jasper, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 145 | $22,525,000 | $155,345 | $0 | 0.00% |
For 2022, Sycamore Bank's most frequently originated type of loan was Conventional, with 145 originations.
Loan Reason
For 2022, Sycamore Bank's most frequently cited loan purpose was Refi, with 83 originations. The 2nd most popular reason was Home Purchase, with 43 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 145 | $22,525,000 | $155,345 | $0 | 0.00% |
For 2022, Sycamore Bank's most frequently cited loan duration was Other, with 145 originations.
Loan Sizing
2022 saw Sycamore Bank place emphasis on $100,000 or less loans with 84 originations, totaling $4,130,000 in origination value.
Applicant Income
Sycamore Bank lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $100k-150k, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 145 | $22,525,000 | $155,345 | $0 | 0.00% |
Sycamore Bank lent most frequently to those with DTI ratios of Exempt%, with 145 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.10%
Sycamore 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 origination93.10%
Sycamore Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 145 | $22,525,000 | $155,345 |