First Vision Bank Of Tennessee Mortgage Rates, Fees & Info
Tullahoma, TNLEI: 549300W40F67Y6WWQX34
Tax ID: 20-3376201
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Vision Bank Of Tennessee is a smaller bank specializing in Refi and Home Purchase loans. First Vision Bank Of Tennessee has a high proportion of conventional loans. Their top markets by origination volume include: Tullahoma, Nashville, and Shelbyville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Vision Bank Of Tennessee 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
58Origination Dollar Volume (All Markets)
$10,590,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 43 | $6,505,000 | $151,279 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 12 | $3,780,000 | $315,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $260,000 | $130,000 | $0 | 0.00% |
| Shelbyville, TN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Vision Bank of Tennessee based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 58 | $10,590,000 | $182,586 | $0 | 0.00% |
For 2024, First Vision Bank Of Tennessee's most frequently originated type of loan was Conventional, with 58 originations.
Loan Reason
For 2024, First Vision Bank Of Tennessee's most frequently cited loan purpose was Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 58 | $10,590,000 | $182,586 | $0 | 0.00% |
For 2024, First Vision Bank Of Tennessee's most frequently cited loan duration was Other, with 58 originations.
Loan Sizing
2024 saw First Vision Bank Of Tennessee place emphasis on $100,000 or less loans with 29 originations, totaling $1,335,000 in origination value.
Applicant Income
First Vision Bank Of Tennessee lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $50k or less, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 58 | $10,590,000 | $182,586 | $0 | 0.00% |
First Vision Bank Of Tennessee lent most frequently to those with DTI ratios of Exempt%, with 58 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.04%
First Vision Bank Of Tennessee has an average approval rate.
Pick Rate
Approvals leading to origination94.83%
First Vision Bank Of Tennessee has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 58 | $10,590,000 | $182,586 |