Lumbee Guaranty Bank Mortgage Rates, Fees & Info
Pembroke, NCLEI: 549300WZQ2PP4RJDZR54
Tax ID: 56-0990387
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Lumbee Guaranty Bank is a smaller bank specializing in Refi and Home Purchase loans. Lumbee Guaranty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lumberton, Fayetteville, Laurinburg, Myrtle Beach, and Wilmington among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Lumbee Guaranty 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
81Origination Dollar Volume (All Markets)
$14,605,000Top 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 |
|---|---|---|---|---|---|
| Lumberton, NC (FHA|USDA|VA) | 39 | $6,975,000 | $178,846 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 28 | $6,760,000 | $241,429 | $0 | 0.00% |
| Outside of Metro Areas | 8 | $590,000 | $73,750 | $0 | 0.00% |
| Laurinburg, NC (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 0.00% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 81 | $14,605,000 | $180,309 | $0 | 0.00% |
For 2023, Lumbee Guaranty Bank's most frequently originated type of loan was Conventional, with 81 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 41 | $6,475,000 | $157,927 | $0 | 0.00% |
| Home Purchase | 35 | $7,935,000 | $226,714 | $0 | 0.00% |
| Home Improvement | 5 | $195,000 | $39,000 | $0 | 0.00% |
For 2023, Lumbee Guaranty Bank's most frequently cited loan purpose was Refi, with 41 originations. The 2nd most popular reason was Home Purchase, with 35 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 81 | $14,605,000 | $180,309 | $0 | 0.00% |
For 2023, Lumbee Guaranty Bank's most frequently cited loan duration was Other, with 81 originations.
Loan Sizing
2023 saw Lumbee Guaranty Bank place emphasis on $100,000 or less loans with 52 originations, totaling $2,260,000 in origination value.
Applicant Income
Lumbee Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $100k-150k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 81 | $14,605,000 | $180,309 | $0 | 0.00% |
Lumbee Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 81 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.70%
Lumbee Guaranty Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.06%
Lumbee Guaranty Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 81 | $14,605,000 | $180,309 |