Servisfirst Bank Mortgage Rates, Fees & Info
Birmingham, ALLEI: 549300XSS1CPK8G7B851
Tax ID: 20-2451671
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Mortgage Data
Review & Overview
Servisfirst Bank is a smaller bank specializing in Home Purchase and Refi loans. Servisfirst Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Birmingham, Tallahassee, Charleston, Nashville, and Huntsville among others. We have data for 64 markets. (Some data included below & more in-depth data is available with an active subscription.)Servisfirst 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. Servisfirst Bank is typically an average 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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.71% | 11/17/24 |
| 30 Year Conventional Refi | 6.70% | 11/17/24 |
| 30 Year Cash-out Refi | 7.02% | 11/17/24 |
| 30 Year FHA Purchase | 7.37% | 11/17/24 |
| 30 Year VA Purchase | 6.46% | 11/17/24 |
| 15 Year Conventional Purchase | 6.18% | 11/17/24 |
| 15 Year Conventional Refi | 6.09% | 11/17/24 |
| 15 Year Cash-out Refi | 6.09% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Servisfirst Bank Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
924Origination Dollar Volume (All Markets)
$418,220,000Awards
ServisFirst Bank - 2023
ServisFirst Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Servisfirst Bank's average 30 year fixed mortgage rate was
6.89%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.41%.
Relative Fees (Closing Costs)
Servisfirst Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,013.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 168 | $66,950,000 | $398,512 | $5,305 | 7.64% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 133 | $48,945,000 | $368,008 | $5,996 | 6.93% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 71 | $46,945,000 | $661,197 | $6,395 | 7.45% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 35 | $33,885,000 | $968,143 | $7,430 | 7.62% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 63 | $26,105,000 | $414,365 | $7,376 | 7.24% |
| MOBILE, AL (FHA|USDA|VA) | 39 | $23,375,000 | $599,359 | $4,552 | 7.24% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 18 | $21,020,000 | $1,167,778 | $10,951 | 7.73% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 55 | $20,575,000 | $374,091 | $5,063 | 7.46% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 44 | $12,960,000 | $294,545 | $6,860 | 6.57% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 36 | $10,920,000 | $303,333 | $6,063 | 7.58% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $10,750,000 | $5,375,000 | $34,989 | 8.25% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 30 | $9,690,000 | $323,000 | $6,106 | 7.46% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 17 | $9,215,000 | $542,059 | $9,618 | 7.56% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 12 | $9,100,000 | $758,333 | $8,960 | 7.46% |
| DOTHAN, AL (FHA|USDA|VA) | 41 | $7,105,000 | $173,293 | $4,105 | 8.01% |
| Outside of Metro Areas | 15 | $6,685,000 | $445,667 | $3,926 | 7.41% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 17 | $6,635,000 | $390,294 | $5,114 | 7.63% |
| PANAMA CITY, FL (FHA|USDA|VA) | 13 | $4,675,000 | $359,615 | $4,940 | 7.07% |
| MONTGOMERY, AL (FHA|USDA|VA) | 19 | $4,355,000 | $229,211 | $4,670 | 7.59% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 8 | $3,430,000 | $428,750 | $3,335 | 7.70% |
| Jasper, AL (FHA|USDA|VA) | 2 | $2,410,000 | $1,205,000 | $0 | 8.38% |
| ASHEVILLE, NC (FHA|USDA|VA) | 6 | $2,340,000 | $390,000 | $5,764 | 7.56% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $2,060,000 | $515,000 | $6,104 | 7.19% |
| Cullman, AL (FHA|USDA|VA) | 2 | $2,030,000 | $1,015,000 | $3,587 | 7.69% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $3,088 | 7.91% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 7.99% |
| Albertville, AL (FHA|USDA|VA) | 4 | $1,540,000 | $385,000 | $6,087 | 7.21% |
| Forest City, NC (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 8.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $5,829 | 6.62% |
| Ozark, AL (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $6,008 | 6.75% |
| Thomasville, GA (FHA|USDA|VA) | 5 | $1,145,000 | $229,000 | $4,704 | 6.55% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 5 | $1,095,000 | $219,000 | $0 | 8.16% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $1,040,000 | $520,000 | $17,847 | 7.38% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $5,340 | 6.63% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $12,119 | 7.35% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $4,321 | 6.63% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $9,818 | 7.31% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $12,559 | 6.13% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $7,015 | 7.75% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $784 | 9.00% |
| Cordele, GA (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $5,456 | 7.38% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $6,576 | 6.94% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $3,284 | 7.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $11,059 | 6.63% |
| ROME, GA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,465 | 6.99% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $6,665 | 7.06% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,179 | 6.99% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,251 | 7.38% |
| BRUNSWICK, GA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,118 | 7.99% |
| Boone, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 8.25% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 7.25% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,253 | 6.13% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,187 | 6.31% |
| Oil City, PA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.56% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,509 | 6.38% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 8.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,281 | 7.38% |
| Shelby, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,145 | 7.75% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $2,417 | 8.50% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,302 | 6.63% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,891 | 6.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,726 | 5.99% |
| Troy, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $785 | 7.99% |
| Eufaula, AL-GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,062 | 6.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against ServisFirst Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Servisfirst Bank's most frequently originated type of loan was Conventional, with 592 originations. Their 2nd most popular type was HELOC, with 258 originations.
Loan Reason
For 2023, Servisfirst Bank's most frequently cited loan purpose was Home Purchase, with 548 originations. The 2nd most popular reason was Home Improvement, with 123 originations.
Loan Duration/Length
For 2023, Servisfirst Bank's most frequently cited loan duration was 30 Year, with 564 originations. The 2nd most popular length was 10 Year, with 257 originations.
Origination Fees/Closing Costs
Servisfirst Bank's average total fees were $6,013, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 407 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 340 | $173,580,000 | $510,529 |
| 6-7% | 244 | $85,550,000 | $350,615 |
| Over 8% | 237 | $118,885,000 | $501,624 |
| 5-6% | 101 | $39,695,000 | $393,020 |
| 4-5% | 2 | $510,000 | $255,000 |
During 2023, Servisfirst Bank's average interest rate for loans was 6.89%, while their most frequently originated rate bucket for loans was 7-8%, with 340 originations.
Loan Sizing
2023 saw Servisfirst Bank place emphasis on $200k-400k loans with 327 originations, totaling $94,695,000 in origination value.
Applicant Income
Servisfirst Bank lent most frequently to those with incomes in the $250k+ range, with 320 originations. The second most popular income band? $100k-150k, with 163 originations.
Applicant Debt to Income Ratio
Servisfirst Bank lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? <20%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.11%
Servisfirst 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 origination77.49%
Servisfirst Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 924 | $418,220,000 | $452,619 |