Talbot State Bank Mortgage Rates, Fees & Info

Fayetteville, GA

LEI: 549300V2JTNKMMF06966

Tax ID: 58-0495550

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Mortgage Data

Review & Overview

Talbot State Bank is a smaller bank specializing in Refi and Home Purchase loans. Talbot State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Columbus, Warner Robins, Lagrange, and Cedartown among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Talbot State Bank has an 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

71

Origination Dollar Volume (All Markets)

$6,485,000

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 29 $3,445,000 $118,793 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 12 $770,000 $64,167 $0 0.00%
WARNER ROBINS, GA (FHA|USDA|VA) 5 $615,000 $123,000 $0 0.00%
LaGrange, GA-AL (FHA|USDA|VA) 6 $480,000 $80,000 $0 0.00%
Outside of Metro Areas 5 $355,000 $71,000 $0 0.00%
Cedartown, GA (FHA|USDA|VA) 3 $295,000 $98,333 $0 0.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 4 $220,000 $55,000 $0 0.00%
Thomaston, GA (FHA|USDA|VA) 4 $170,000 $42,500 $0 0.00%
ROME, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Milledgeville, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Cordele, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Talbot State Bank's top markets include Atlanta, Columbus, Warner Robins, Lagrange, and Cedartown 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 71 $6,485,000 $91,338 $0 0.00%

    For 2023, Talbot State Bank's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 35 $3,055,000 $87,286 $0 0.00%
    Home Improvement 20 $910,000 $45,500 $0 0.00%
    Home Purchase 10 $2,030,000 $203,000 $0 0.00%
    Other 6 $490,000 $81,667 $0 0.00%

    For 2023, Talbot State Bank's most frequently cited loan purpose was Refi, with 35 originations. The 2nd most popular reason was Home Improvement, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $6,485,000 $91,338 $0 0.00%

    For 2023, Talbot State Bank's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $2,595,000 $50,882 $0 0.00%
    $100k-200k 15 $2,045,000 $136,333 $0 0.00%
    $200k-400k 4 $950,000 $237,500 $0 0.00%
    $600k-1MM 1 $895,000 $895,000 $0 0.00%

    2023 saw Talbot State Bank place emphasis on $100,000 or less loans with 51 originations, totaling $2,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $1,090,000 $49,545 $0 0.00%
    $50k-75k 18 $1,640,000 $91,111 $0 0.00%
    $100k-150k 13 $955,000 $73,462 $0 0.00%
    $75k-100k 12 $970,000 $80,833 $0 0.00%
    $150k-250k 4 $870,000 $217,500 $0 0.00%
    $250k+ 2 $960,000 $480,000 $0 0.00%

    Talbot State Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 71 $6,485,000 $91,338 $0 0.00%

    Talbot State Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $4,605,000 $107,093 $0 0.00%
    Black 23 $1,475,000 $64,130 $0 0.00%
    Not provided 3 $345,000 $115,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%
    Other Asian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.35%

    Talbot State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.83%

    Talbot State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 71 $6,485,000 $91,338

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    71 $6,485,000 $91,338