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 small bank specializing in Home Purchase 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: Huntsville, Birmingham, Charleston, Daphne, and Pensacola among others. We have data for 94 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 about average 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% | 9/1/24 |
| 30 Year Conventional Purchase | 6.71% | 9/1/24 |
| 30 Year Conventional Refi | 6.70% | 9/1/24 |
| 30 Year Cash-out Refi | 7.02% | 9/1/24 |
| 30 Year FHA Purchase | 7.37% | 9/1/24 |
| 30 Year VA Purchase | 6.46% | 9/1/24 |
| 15 Year Conventional Purchase | 6.18% | 9/1/24 |
| 15 Year Conventional Refi | 6.09% | 9/1/24 |
| 15 Year Cash-out Refi | 6.09% | 9/1/24 |
| 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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This is not an official calculator from Servisfirst Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,254Origination Dollar Volume (All Markets)
$1,055,590,000Awards
ServisFirst Bank - 2022
ServisFirst Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| HUNTSVILLE, AL (FHA|USDA|VA) | 99 | $97,555,000 | $985,404 | $7,281 | 4.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 222 | $88,020,000 | $396,486 | $5,858 | 5.04% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 92 | $58,280,000 | $633,478 | $9,545 | 5.12% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 84 | $53,950,000 | $642,262 | $4,967 | 4.92% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 89 | $51,575,000 | $579,494 | $7,335 | 4.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 3 | $50,735,000 | $16,911,667 | $0 | 4.30% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 64 | $48,690,000 | $760,781 | $12,298 | 5.20% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $42,250,000 | $21,125,000 | $3,448 | 5.08% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $37,665,000 | $7,533,000 | $11,885 | 4.52% |
| Outside of Metro Areas | 35 | $36,525,000 | $1,043,571 | $5,252 | 5.19% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 28 | $35,350,000 | $1,262,500 | $12,810 | 4.56% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $33,595,000 | $33,595,000 | $0 | 2.79% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $32,520,000 | $16,260,000 | $0 | 5.05% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 23 | $31,575,000 | $1,372,826 | $16,148 | 5.14% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 47 | $26,665,000 | $567,340 | $8,757 | 5.07% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 22 | $24,870,000 | $1,130,455 | $6,995 | 4.81% |
| MONTGOMERY, AL (FHA|USDA|VA) | 29 | $24,775,000 | $854,310 | $4,112 | 5.17% |
| MOBILE, AL (FHA|USDA|VA) | 58 | $23,640,000 | $407,586 | $4,694 | 4.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 36 | $22,630,000 | $628,611 | $7,104 | 5.05% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 77 | $21,765,000 | $282,662 | $4,016 | 5.11% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 5 | $15,495,000 | $3,099,000 | $8,018 | 4.78% |
| DOTHAN, AL (FHA|USDA|VA) | 56 | $15,320,000 | $273,571 | $3,756 | 5.32% |
| GADSDEN, AL (FHA|USDA|VA) | 5 | $14,365,000 | $2,873,000 | $10,521 | 4.47% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $13,395,000 | $13,395,000 | $0 | 4.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 21 | $12,075,000 | $575,000 | $9,473 | 5.00% |
| Scottsboro, AL (FHA|USDA|VA) | 2 | $8,680,000 | $4,340,000 | $0 | 3.75% |
| Alexander City, AL (FHA|USDA|VA) | 11 | $8,495,000 | $772,273 | $8,899 | 5.03% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 5 | $8,165,000 | $1,633,000 | $0 | 5.58% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $7,885,000 | $1,126,429 | $16,090 | 5.05% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $7,170,000 | $1,195,000 | $12,467 | 5.17% |
| Van Wert, OH (FHA|USDA|VA) | 1 | $7,025,000 | $7,025,000 | $0 | 6.97% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $7,005,000 | $7,005,000 | $0 | 4.50% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $6,680,000 | $1,113,333 | $3,778 | 5.97% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $6,375,000 | $6,375,000 | $0 | 3.87% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $6,005,000 | $6,005,000 | $0 | 3.25% |
| Edwards, CO (FHA|USDA|VA) | 2 | $4,680,000 | $2,340,000 | $5,126 | 4.63% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 7 | $3,505,000 | $500,714 | $6,095 | 4.43% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $3,170,000 | $1,585,000 | $0 | 5.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 3.87% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 4 | $2,780,000 | $695,000 | $3,823 | 6.13% |
| Ozark, AL (FHA|USDA|VA) | 10 | $2,600,000 | $260,000 | $5,034 | 4.85% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $2,255,000 | $2,255,000 | $20,833 | 4.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $2,060,000 | $1,030,000 | $11,344 | 4.56% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 4 | $2,040,000 | $510,000 | $4,036 | 5.06% |
| Cullman, AL (FHA|USDA|VA) | 4 | $2,030,000 | $507,500 | $8,558 | 5.14% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $1,920,000 | $960,000 | $0 | 5.23% |
| Thomaston, GA (FHA|USDA|VA) | 1 | $1,855,000 | $1,855,000 | $0 | 4.25% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,670,000 | $835,000 | $14,393 | 5.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $6,829 | 5.50% |
| Sevierville, TN (FHA|USDA|VA) | 2 | $1,620,000 | $810,000 | $14,594 | 5.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 4.35% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 3.50% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 6.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $7,837 | 5.44% |
| Albertville, AL (FHA|USDA|VA) | 3 | $1,435,000 | $478,333 | $0 | 6.01% |
| MORRISTOWN, TN (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 4.50% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $2,747 | 5.68% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $1,195,000 | $398,333 | $5,696 | 6.01% |
| Meridian, MS (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 4.85% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 4 | $1,060,000 | $265,000 | $3,602 | 5.91% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $16,253 | 4.88% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 5.25% |
| Dublin, GA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $3,855 | 4.83% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $16,037 | 3.63% |
| Marion, NC (FHA|USDA|VA) | 1 | $865,000 | $865,000 | $12,951 | 4.75% |
| WACO, TX (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $8,881 | 5.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $4,208 | 6.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $3,607 | 3.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 4.50% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $1,150 | 5.25% |
| Jasper, AL (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $3,956 | 3.50% |
| COLUMBIA, SC (FHA|USDA|VA) | 3 | $755,000 | $251,667 | $3,699 | 5.50% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $5,912 | 4.25% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 4.25% |
| Brevard, NC (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 4.50% |
| Enterprise, AL (FHA|USDA|VA) | 3 | $535,000 | $178,333 | $4,811 | 5.88% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 4.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $6,618 | 5.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,553 | 5.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,504 | 6.50% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $9,947 | 3.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $7,540 | 4.69% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,774 | 5.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,852 | 4.88% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,284 | 5.50% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,453 | 5.50% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,294 | 3.13% |
| Lawrenceburg, TN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.28% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,139 | 7.50% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.25% |
| Atmore, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,003 | 5.63% |
| Starkville, MS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.50% |
| JACKSON, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.94% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.50% |
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 2022, Servisfirst Bank's most frequently originated type of loan was Conventional, with 905 originations. Their 2nd most popular type was HELOC, with 335 originations.
Loan Reason
For 2022, Servisfirst Bank's most frequently cited loan purpose was Home Purchase, with 683 originations. The 2nd most popular reason was Refi, with 172 originations.
Loan Duration/Length
For 2022, Servisfirst Bank's most frequently cited loan duration was 30 Year, with 638 originations. The 2nd most popular length was 10 Year, with 340 originations.
Origination Fees/Closing Costs
Servisfirst Bank's average total fees were $6,854, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 390 originations.
Interest Rates
During 2022, Servisfirst Bank's average interest rate for loans was 4.92%, while their most frequently originated rate bucket for loans was 4-5%, with 361 originations.
Loan Sizing
2022 saw Servisfirst Bank place emphasis on $200k-400k loans with 412 originations, totaling $121,180,000 in origination value.
Applicant Income
Servisfirst Bank lent most frequently to those with incomes in the $250k+ range, with 357 originations. The second most popular income band? $150k-250k, with 224 originations.
Applicant Debt to Income Ratio
Servisfirst Bank lent most frequently to those with DTI ratios of 20-30%, with 250 originations. The next most common DTI ratio? <20%, with 229 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.43%
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 origination86.44%
Servisfirst Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,254 | $1,055,590,000 | $841,778 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,254 | $1,055,590,000 | $841,778 |