Apex Bank Mortgage Rates, Fees & Info
Camden, TNLEI: 549300WZWPMDWIL12842
Tax ID: 62-0123130
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Mortgage Data
Review & Overview
Apex Bank is a smaller bank specializing in Home Purchase and Refi loans. Apex Bank has a high proportion of conventional loans. Their top markets by origination volume include: Knoxville, Nashville, Greeneville, Sevierville, and Morristown among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)Apex Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
166Origination Dollar Volume (All Markets)
$24,250,000Top 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 |
|---|---|---|---|---|---|
| KNOXVILLE, TN (FHA|USDA|VA) | 45 | $8,875,000 | $197,222 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $4,080,000 | $408,000 | $0 | 0.00% |
| Outside of Metro Areas | 45 | $3,455,000 | $76,778 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 20 | $1,830,000 | $91,500 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 9 | $1,135,000 | $126,111 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 5 | $505,000 | $101,000 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 5 | $405,000 | $81,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| Crossville, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Martin, TN (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 166 | $24,250,000 | $146,084 | $0 | 0.00% |
For 2023, Apex Bank's most frequently originated type of loan was Conventional, with 166 originations.
Loan Reason
For 2023, Apex Bank's most frequently cited loan purpose was Home Purchase, with 80 originations. The 2nd most popular reason was Refi, with 54 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 166 | $24,250,000 | $146,084 | $0 | 0.00% |
For 2023, Apex Bank's most frequently cited loan duration was Other, with 166 originations.
Loan Sizing
2023 saw Apex Bank place emphasis on $100,000 or less loans with 77 originations, totaling $4,315,000 in origination value.
Applicant Income
Apex Bank lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $50k-75k, with 40 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 166 | $24,250,000 | $146,084 | $0 | 0.00% |
Apex Bank lent most frequently to those with DTI ratios of Exempt%, with 166 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.40%
Apex 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 origination80.72%
Apex Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 166 | $24,250,000 | $146,084 |