Riverhills Bank Mortgage Rates, Fees & Info
Vicksburg, MSLEI: 549300VRPB0NU0485164
Tax ID: 64-0224450
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
61Origination Dollar Volume (All Markets)
$8,725,000Top 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 |
|---|---|---|---|---|---|
| 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% |
Their top states include:
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
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
2023 saw Riverhills Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,195,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications91.78%
Riverhills Bank has an average approval rate.
Pick Rate
Approvals leading to origination90.16%
Riverhills Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 61 | $8,725,000 | $143,033 |