Riverhills Bank Mortgage Rates, Fees & Info

Vicksburg, MS

LEI: 549300VRPB0NU0485164

Tax ID: 64-0224450

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Riverhills Bank is a smaller bank specializing in Home Purchase and Refi loans. Riverhills Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jackson, Vicksburg, Oxford, Hattiesburg, and Memphis among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Riverhills 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    54

    Origination Dollar Volume (All Markets)

    $7,770,000

    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
    JACKSON, MS (FHA|USDA|VA) 10 $3,070,000 $307,000 $0 0.00%
    Vicksburg, MS (FHA|USDA|VA) 26 $2,830,000 $108,846 $0 0.00%
    Outside of Metro Areas 14 $1,280,000 $91,429 $0 0.00%
    Oxford, MS (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Riverhills Bank's top markets include Jackson, Vicksburg, Oxford, Hattiesburg, and Memphis among others.

    Their top states include:
  • Mississippi (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 54 $7,770,000 $143,889 $0 0.00%

    For 2024, Riverhills Bank's most frequently originated type of loan was Conventional, with 54 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $4,970,000 $191,154 $0 0.00%
    Refi 24 $2,610,000 $108,750 $0 0.00%
    Other 4 $190,000 $47,500 $0 0.00%

    For 2024, Riverhills Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 54 $7,770,000 $143,889 $0 0.00%

    For 2024, Riverhills Bank's most frequently cited loan duration was Other, with 54 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 27 $1,465,000 $54,259 $0 0.00%
    $100k-200k 14 $1,970,000 $140,714 $0 0.00%
    $200k-400k 9 $2,405,000 $267,222 $0 0.00%
    $400k-600k 4 $1,930,000 $482,500 $0 0.00%

    2024 saw Riverhills Bank place emphasis on $100,000 or less loans with 27 originations, totaling $1,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,265,000 $140,556 $0 0.00%
    $50k-75k 9 $845,000 $93,889 $0 0.00%
    $150k-250k 5 $1,195,000 $239,000 $0 0.00%
    $50k or less 5 $335,000 $67,000 $0 0.00%
    $75k-100k 4 $620,000 $155,000 $0 0.00%
    $250k+ 3 $925,000 $308,333 $0 0.00%

    Riverhills Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k-75k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 54 $7,770,000 $143,889 $0 0.00%

    Riverhills Bank lent most frequently to those with DTI ratios of Exempt%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 24 $4,390,000 $182,917 $0 0.00%
    Not applicable 17 $2,475,000 $145,588 $0 0.00%
    Black 12 $680,000 $56,667 $0 0.00%
    Asian 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.92%

    Riverhills Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Riverhills Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 54 $7,770,000 $143,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    54 $7,770,000 $143,889