Lumbee Guaranty Bank Mortgage Rates, Fees & Info

Pembroke, NC

LEI: 549300WZQ2PP4RJDZR54

Tax ID: 56-0990387

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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

103

Origination Dollar Volume (All Markets)

$18,095,000

Top 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%
Lumbee Guaranty Bank's top markets include Lumberton, Fayetteville, Myrtle Beach, Pinehurst, and Laurinburg among others.

Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 58 $10,260,000 $176,897 $0 0.00%
    Refi 37 $7,325,000 $197,973 $0 0.00%
    Home Improvement 6 $140,000 $23,333 $0 0.00%
    Other 2 $370,000 $185,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 66 $2,690,000 $40,758 $0 0.00%
    $100k-200k 20 $3,030,000 $151,500 $0 0.00%
    $200k-400k 6 $1,710,000 $285,000 $0 0.00%
    $1MM+ 5 $7,305,000 $1,461,000 $0 0.00%
    $400k-600k 4 $2,040,000 $510,000 $0 0.00%
    $600k-1MM 2 $1,320,000 $660,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $825,000 $55,000 $0 0.00%
    $150k-250k 9 $1,905,000 $211,667 $0 0.00%
    $50k-75k 8 $280,000 $35,000 $0 0.00%
    $75k-100k 7 $465,000 $66,429 $0 0.00%
    $100k-150k 5 $315,000 $63,000 $0 0.00%
    $250k+ 3 $175,000 $58,333 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 53 $14,065,000 $265,377 $0 0.00%
    American Indian 22 $1,940,000 $88,182 $0 0.00%
    White 23 $1,895,000 $82,391 $0 0.00%
    Black 5 $195,000 $39,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.08%

    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 origination
    95.15%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    103 $18,095,000 $175,680