Apex Bank Mortgage Rates, Fees & Info
Camden, TNLEI: 549300WZWPMDWIL12842
Tax ID: 62-0123130
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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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 Enterprise among others. We have data for 22 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
218Origination Dollar Volume (All Markets)
$33,660,000Top 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) | 44 | $8,250,000 | $187,500 | $0 | 0.00% |
| Outside of Metro Areas | 75 | $7,135,000 | $95,133 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 25 | $5,655,000 | $226,200 | $0 | 0.00% |
| Greeneville, TN (FHA|USDA|VA) | 21 | $2,835,000 | $135,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 9 | $1,865,000 | $207,222 | $0 | 0.00% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $1,805,000 | $1,805,000 | $0 | 0.00% |
| Lewisburg, TN (FHA|USDA|VA) | 7 | $1,245,000 | $177,857 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $0 | 0.00% |
| MORRISTOWN, TN (FHA|USDA|VA) | 4 | $700,000 | $175,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| CLEVELAND, TN (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 0.00% |
| Athens, TN (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| JACKSON, TN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 0.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Paris, TN (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $0 | 0.00% |
| Newport, TN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Union City, TN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 218 | $33,660,000 | $154,404 | $0 | 0.00% |
For 2022, Apex Bank's most frequently originated type of loan was Conventional, with 218 originations.
Loan Reason
For 2022, Apex Bank's most frequently cited loan purpose was Home Purchase, with 124 originations. The 2nd most popular reason was Refi, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 218 | $33,660,000 | $154,404 | $0 | 0.00% |
For 2022, Apex Bank's most frequently cited loan duration was Other, with 218 originations.
Loan Sizing
2022 saw Apex Bank place emphasis on $100,000 or less loans with 92 originations, totaling $5,150,000 in origination value.
Applicant Income
Apex Bank lent most frequently to those with incomes in the $50k or less range, with 68 originations. The second most popular income band? $50k-75k, with 63 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 218 | $33,660,000 | $154,404 | $0 | 0.00% |
Apex Bank lent most frequently to those with DTI ratios of Exempt%, with 218 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.19%
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 origination75.23%
Apex Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 218 | $33,660,000 | $154,404 |