The Bank Of South Carolina Mortgage Rates, Fees & Info
Charleston, SCLEI: 549300YQ763HO7N3CO68
Tax ID: 57-0825951
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Bank Of South Carolina is a smaller bank specializing in Home Purchase loans. The Bank Of South Carolina has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Charleston, Orangeburg, Sacramento, Washington, and Columbia among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of South Carolina 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
127Origination Dollar Volume (All Markets)
$57,485,000Top 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 |
|---|---|---|---|---|---|
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 102 | $48,610,000 | $476,569 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 3 | $1,085,000 | $361,667 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,080,000 | $540,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $955,000 | $955,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $0 | 0.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $365,000 | $365,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Bank of South Carolina 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $48,425,000 | $470,146 | $0 | 0.00% |
| FHA | 17 | $5,945,000 | $349,706 | $0 | 0.00% |
| VA | 7 | $3,115,000 | $445,000 | $0 | 0.00% |
For 2024, The Bank Of South Carolina's most frequently originated type of loan was Conventional, with 103 originations. Their 2nd most popular type was FHA, with 17 originations.
Loan Reason
For 2024, The Bank Of South Carolina's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 127 | $57,485,000 | $452,638 | $0 | 0.00% |
For 2024, The Bank Of South Carolina's most frequently cited loan duration was Other, with 127 originations.
Loan Sizing
2024 saw The Bank Of South Carolina place emphasis on $200k-400k loans with 56 originations, totaling $16,710,000 in origination value.
Applicant Income
The Bank Of South Carolina lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $250k+, with 29 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 127 | $57,485,000 | $452,638 | $0 | 0.00% |
The Bank Of South Carolina lent most frequently to those with DTI ratios of Exempt%, with 127 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
The Bank Of South Carolina has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.19%
The Bank Of South Carolina has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 127 | $57,485,000 | $452,638 |