Talbot State Bank Mortgage Rates, Fees & Info
Fayetteville, GALEI: 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. Talbot State Bank has an average proportion of conventional loans. Their top markets by origination volume include: Atlanta, Columbus, Dothan, Thomaston, and Macon 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
36Origination Dollar Volume (All Markets)
$2,060,000Top 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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 12 | $1,040,000 | $86,667 | $2,075 | 7.23% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 8 | $390,000 | $48,750 | $1,990 | 7.00% |
| DOTHAN, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.00% |
| Thomaston, GA (FHA|USDA|VA) | 5 | $145,000 | $29,000 | $1,148 | 8.20% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $1,792 | 8.00% |
| Calhoun, GA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $1,812 | 8.00% |
| ROME, GA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,545 | 8.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $2,454 | 8.00% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $1,586 | 8.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $1,456 | 6.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 29 | $1,725,000 | $59,483 | $1,893 | 7.46% |
| Conventional | 7 | $335,000 | $47,857 | $0 | 0.00% |
For 2018, Talbot State Bank's most frequently originated type of loan was Conventional, with 29 originations. Their 2nd most popular type was Conventional, with 7 originations.
Loan Reason
For 2018, Talbot State Bank's most frequently cited loan purpose was Refi, with 20 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
For 2018, Talbot State Bank's most frequently cited loan duration was Other, with 16 originations. The 2nd most popular length was 15 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 15 | $455,000 | $30,333 |
| $1k-2k | 5 | $355,000 | $71,000 |
| $2k-3k | 2 | $460,000 | $230,000 |
Talbot State Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 18 | $800,000 | $44,444 |
| 5-6% | 6 | $620,000 | $103,333 |
| 6-7% | 4 | $260,000 | $65,000 |
| Over 8% | 1 | $45,000 | $45,000 |
During 2018, Talbot State Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 18 originations.
Loan Sizing
2018 saw Talbot State Bank place emphasis on $100,000 or less loans with 31 originations, totaling $1,185,000 in origination value.
Applicant Income
Talbot State Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
Talbot State Bank lent most frequently to those with DTI ratios of Exempt%, with 7 originations. The next most common DTI ratio? 20-30%, with 6 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.67%
Talbot State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination63.89%
Talbot State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 7 | $335,000 | $47,857 |
| NA | 29 | $1,725,000 | $59,483 |