Lumbee Guaranty Bank Mortgage Rates, Fees & Info
Pembroke, NCLEI: 549300WZQ2PP4RJDZR54
Tax ID: 56-0990387
Latest/2024 | 2023 Data | 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 Home Purchase and Refi loans. Lumbee Guaranty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lumberton, Myrtle Beach, Fayetteville, Charlotte, and Raleigh among others. We have data for 8 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
88Origination Dollar Volume (All Markets)
$11,060,000Top 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) | 58 | $5,360,000 | $92,414 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,965,000 | $655,000 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 14 | $1,790,000 | $127,857 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 0.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Laurinburg, NC (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $285,000 | $95,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $11,060,000 | $125,682 | $0 | 0.00% |
For 2024, Lumbee Guaranty Bank's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 42 | $7,710,000 | $183,571 | $0 | 0.00% |
| Refi | 41 | $3,205,000 | $78,171 | $0 | 0.00% |
| Home Improvement | 5 | $145,000 | $29,000 | $0 | 0.00% |
For 2024, Lumbee Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 88 | $11,060,000 | $125,682 | $0 | 0.00% |
For 2024, Lumbee Guaranty Bank's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2024 saw Lumbee Guaranty Bank place emphasis on $100,000 or less loans with 53 originations, totaling $2,395,000 in origination value.
Applicant Income
Lumbee Guaranty Bank lent most frequently to those with incomes in the $50k-75k range, with 11 originations. The second most popular income band? $50k or less, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 88 | $11,060,000 | $125,682 | $0 | 0.00% |
Lumbee Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 origination98.86%
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 | 88 | $11,060,000 | $125,682 |