Bank Of Crockett Mortgage Rates, Fees & Info
BELLS, TNLEI: 549300XM1P1O0WI4KO86
Tax ID: 62-0123250
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Mortgage Data
Review & Overview
Bank Of Crockett is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Crockett has a high proportion of conventional loans. Their top two markets are Jackson and Brownsville .Bank Of Crockett has an above average approval rate when compared to the average across all lenders. Bank Of Crockett is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
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Originations
30Origination Dollar Volume (All Markets)
$1,780,000Top 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 |
|---|---|---|---|---|---|
| JACKSON, TN (FHA|USDA|VA) | 28 | $1,720,000 | $61,429 | $806 | 6.76% |
| Brownsville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.50% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 6.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $1,780,000 | $59,333 | $806 | 6.71% |
For 2018, Bank Of Crockett's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
For 2018, Bank Of Crockett's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Cash Out Refi, with 5 originations.
Loan Duration/Length
For 2018, Bank Of Crockett's most frequently cited loan duration was 15 Year, with 9 originations. The 2nd most popular length was 5 Year, with 8 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 9 | $575,000 | $63,889 |
Bank Of Crockett's average total fees were $854, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 13 | $1,005,000 | $77,308 |
| 7-8% | 11 | $415,000 | $37,727 |
| 5-6% | 6 | $360,000 | $60,000 |
During 2018, Bank Of Crockett's average interest rate for loans was 6.25%, while their most frequently originated rate bucket for loans was 6-7%, with 13 originations.
Loan Sizing
2018 saw Bank Of Crockett place emphasis on $100,000 or less loans with 28 originations, totaling $1,350,000 in origination value.
Applicant Income
Bank Of Crockett lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
Bank Of Crockett lent most frequently to those with DTI ratios of 20-30%, with 6 originations. The next most common DTI ratio? <20%, with 5 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Bank Of Crockett has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 30 | $1,780,000 | $59,333 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |