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, Thomaston, Lagrange, and Macon among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Talbot State Bank has an above 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

72

Origination Dollar Volume (All Markets)

$5,360,000

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) 43 $3,885,000 $90,349 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 14 $580,000 $41,429 $0 0.00%
Outside of Metro Areas 3 $435,000 $145,000 $0 0.00%
Thomaston, GA (FHA|USDA|VA) 6 $170,000 $28,333 $0 0.00%
LaGrange, GA-AL (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $50,000 $25,000 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Calhoun, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Talbot State Bank's top markets include Atlanta, Columbus, Thomaston, Lagrange, and Macon among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 72 $5,360,000 $74,444 $0 0.00%

    For 2019, Talbot State Bank's most frequently originated type of loan was Conventional, with 72 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 24 $1,520,000 $63,333 $0 0.00%
    Home Purchase 23 $3,255,000 $141,522 $0 0.00%
    Home Improvement 15 $355,000 $23,667 $0 0.00%
    Other 10 $230,000 $23,000 $0 0.00%

    For 2019, Talbot State Bank's most frequently cited loan purpose was Refi, with 24 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 72 $5,360,000 $74,444 $0 0.00%

    For 2019, Talbot State Bank's most frequently cited loan duration was Other, with 72 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $1,850,000 $35,577 $0 0.00%
    $100k-200k 17 $2,475,000 $145,588 $0 0.00%
    $200k-400k 2 $550,000 $275,000 $0 0.00%
    $400k-600k 1 $485,000 $485,000 $0 0.00%

    2019 saw Talbot State Bank place emphasis on $100,000 or less loans with 52 originations, totaling $1,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $1,260,000 $37,059 $0 0.00%
    $150k-250k 13 $1,985,000 $152,692 $0 0.00%
    $50k-75k 10 $700,000 $70,000 $0 0.00%
    $75k-100k 10 $860,000 $86,000 $0 0.00%
    $250k+ 3 $355,000 $118,333 $0 0.00%
    $100k-150k 2 $200,000 $100,000 $0 0.00%

    Talbot State Bank lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 72 $5,360,000 $74,444 $0 0.00%

    Talbot State Bank lent most frequently to those with DTI ratios of Exempt%, with 72 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $2,665,000 $76,143 $0 0.00%
    Black 22 $1,030,000 $46,818 $0 0.00%
    Native Hawaiian or Islander 6 $780,000 $130,000 $0 0.00%
    Not provided 6 $550,000 $91,667 $0 0.00%
    Asian 3 $335,000 $111,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.67%

    Talbot State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    62.50%

    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 72 $5,360,000 $74,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 17 $335,000 $19,706
    Single Family (1-4 Units):Site-Built 55 $5,025,000 $91,364