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
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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, Fayetteville, Myrtle Beach, Pinehurst, and Laurinburg among others. We have data for 7 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.
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Originations
103Origination Dollar Volume (All Markets)
$18,095,000Top 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) | 66 | $11,800,000 | $178,788 | $0 | 0.00% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 19 | $3,575,000 | $188,158 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $1,255,000 | $418,333 | $0 | 0.00% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 0.00% |
| Outside of Metro Areas | 7 | $465,000 | $66,429 | $0 | 0.00% |
| Laurinburg, NC (FHA|USDA|VA) | 5 | $205,000 | $41,000 | $0 | 0.00% |
| Rockingham, 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 | 103 | $18,095,000 | $175,680 | $0 | 0.00% |
For 2022, Lumbee Guaranty Bank's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2022, Lumbee Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Refi, with 37 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 103 | $18,095,000 | $175,680 | $0 | 0.00% |
For 2022, Lumbee Guaranty Bank's most frequently cited loan duration was Other, with 103 originations.
Loan Sizing
2022 saw Lumbee Guaranty Bank place emphasis on $100,000 or less loans with 66 originations, totaling $2,690,000 in origination value.
Applicant Income
Lumbee Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 15 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 103 | $18,095,000 | $175,680 | $0 | 0.00% |
Lumbee Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.08%
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 origination95.15%
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 | 103 | $18,095,000 | $175,680 |