Riverhills Bank Mortgage Rates, Fees & Info

Vicksburg, MS

LEI: 549300VRPB0NU0485164

Tax ID: 64-0224450

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Mortgage Data

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: Vicksburg, Jackson, Oxford, Starkville, 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 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

61

Origination Dollar Volume (All Markets)

$8,725,000

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
Vicksburg, MS (FHA|USDA|VA) 39 $5,005,000 $128,333 $0 0.00%
Outside of Metro Areas 10 $1,720,000 $172,000 $0 0.00%
JACKSON, MS (FHA|USDA|VA) 6 $990,000 $165,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 3 $605,000 $201,667 $0 0.00%
Starkville, MS (FHA|USDA|VA) 2 $360,000 $180,000 $0 0.00%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Riverhills Bank's top markets include Vicksburg, Jackson, Oxford, Starkville, 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 61 $8,725,000 $143,033 $0 0.00%

    For 2023, Riverhills Bank's most frequently originated type of loan was Conventional, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $5,550,000 $185,000 $0 0.00%
    Refi 21 $2,595,000 $123,571 $0 0.00%
    Home Improvement 9 $535,000 $59,444 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2023, Riverhills Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 61 $8,725,000 $143,033 $0 0.00%

    For 2023, Riverhills Bank's most frequently cited loan duration was Other, with 61 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 25 $1,195,000 $47,800 $0 0.00%
    $100k-200k 24 $3,420,000 $142,500 $0 0.00%
    $200k-400k 6 $1,380,000 $230,000 $0 0.00%
    $400k-600k 6 $2,730,000 $455,000 $0 0.00%

    2023 saw Riverhills Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $1,710,000 $122,143 $0 0.00%
    $150k-250k 10 $1,870,000 $187,000 $0 0.00%
    $50k-75k 8 $1,010,000 $126,250 $0 0.00%
    $75k-100k 6 $1,090,000 $181,667 $0 0.00%
    $50k or less 5 $195,000 $39,000 $0 0.00%
    $250k+ 4 $1,090,000 $272,500 $0 0.00%

    Riverhills Bank lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 61 $8,725,000 $143,033 $0 0.00%

    Riverhills Bank lent most frequently to those with DTI ratios of Exempt%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 36 $6,110,000 $169,722 $0 0.00%
    Not applicable 14 $1,760,000 $125,714 $0 0.00%
    Black 11 $855,000 $77,727 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.78%

    Riverhills Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.16%

    Riverhills Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 61 $8,725,000 $143,033

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    61 $8,725,000 $143,033