Banksouth Mortgage Company Rates, Fees & Info
Greensboro, GALEI: 549300ZN5MIVRMVHJS09
Tax ID: 27-4370581
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Mortgage Data
Review & Overview
Banksouth Mortgage Company is a smaller bank specializing in Home Purchase loans. Banksouth Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Savannah, Augusta, Athens, and Valdosta among others. We have data for 77 markets. (Some data included below & more in-depth data is available with an active subscription.)Banksouth Mortgage Company 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. Banksouth Mortgage Company is typically a high 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.68% | 4/22/24 |
| 30 Year Conventional Refi | 6.59% | 4/22/24 |
| 30 Year Cash-out Refi | 6.91% | 4/22/24 |
| 30 Year FHA Purchase | 7.31% | 4/22/24 |
| 30 Year FHA Refi | 7.67% | 4/22/24 |
| 30 Year VA Purchase | 6.22% | 4/22/24 |
| 30 Year USDA Purchase | 6.70% | 4/22/24 |
| 15 Year Conventional Purchase | 6.10% | 4/22/24 |
| 15 Year Conventional Refi | 6.10% | 4/22/24 |
| 15 Year Cash-out Refi | 6.10% | 4/22/24 |
| 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. | ||
Banksouth Mortgage Company Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Banksouth Mortgage Company. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,536Origination Dollar Volume (All Markets)
$920,080,000Awards
BANKSOUTH MORTGAGE COMPANY - 2023
BANKSOUTH MORTGAGE COMPANY is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Banksouth Mortgage Company's average 30 year fixed mortgage rate was
6.5%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.02%.
Relative Fees (Closing Costs)
Banksouth Mortgage Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $9,575.
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 |
|---|---|---|---|---|---|
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1,499 | $581,075,000 | $387,642 | $9,486 | 6.52% |
| SAVANNAH, GA (FHA|USDA|VA) | 221 | $69,445,000 | $314,231 | $10,338 | 6.27% |
| Outside of Metro Areas | 125 | $57,475,000 | $459,800 | $10,697 | 6.69% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 146 | $43,080,000 | $295,068 | $8,889 | 6.33% |
| ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 85 | $26,705,000 | $314,176 | $8,207 | 6.61% |
| VALDOSTA, GA (FHA|USDA|VA) | 48 | $12,220,000 | $254,583 | $9,516 | 6.54% |
| Jefferson, GA (FHA|USDA|VA) | 28 | $10,540,000 | $376,429 | $9,780 | 6.47% |
| ROME, GA (FHA|USDA|VA) | 43 | $10,375,000 | $241,279 | $9,034 | 6.54% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 25 | $8,565,000 | $342,600 | $7,271 | 6.47% |
| Statesboro, GA (FHA|USDA|VA) | 29 | $8,535,000 | $294,310 | $10,718 | 6.41% |
| GAINESVILLE, GA (FHA|USDA|VA) | 22 | $7,770,000 | $353,182 | $8,149 | 6.35% |
| Seneca, SC (FHA|USDA|VA) | 24 | $7,600,000 | $316,667 | $8,425 | 6.37% |
| Calhoun, GA (FHA|USDA|VA) | 26 | $7,010,000 | $269,615 | $9,514 | 6.45% |
| Tifton, GA (FHA|USDA|VA) | 28 | $6,340,000 | $226,429 | $8,327 | 6.68% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 14 | $6,090,000 | $435,000 | $11,284 | 5.84% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 8 | $5,440,000 | $680,000 | $15,465 | 6.67% |
| DALTON, GA (FHA|USDA|VA) | 22 | $5,270,000 | $239,545 | $8,241 | 6.70% |
| HINESVILLE, GA (FHA|USDA|VA) | 17 | $4,225,000 | $248,529 | $12,451 | 6.21% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 9 | $2,995,000 | $332,778 | $7,752 | 6.66% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $2,790,000 | $697,500 | $10,514 | 6.94% |
| BRUNSWICK, GA (FHA|USDA|VA) | 5 | $2,505,000 | $501,000 | $6,525 | 6.95% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 5 | $2,275,000 | $455,000 | $7,905 | 6.45% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 6 | $1,810,000 | $301,667 | $9,412 | 6.77% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 7 | $1,655,000 | $236,429 | $6,927 | 6.82% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $1,615,000 | $1,615,000 | $23,810 | 7.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $7,699 | 6.50% |
| Milledgeville, GA (FHA|USDA|VA) | 6 | $1,530,000 | $255,000 | $7,685 | 6.79% |
| Fitzgerald, GA (FHA|USDA|VA) | 7 | $1,295,000 | $185,000 | $8,421 | 6.57% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $13,264 | 6.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $9,023 | 7.25% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $12,405 | 6.81% |
| Cedartown, GA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $6,896 | 7.22% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $7,392 | 6.00% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $9,578 | 7.69% |
| PANAMA CITY, FL (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $4,596 | 6.88% |
| Moultrie, GA (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $9,120 | 6.50% |
| Summerville, GA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,749 | 6.38% |
| Jesup, GA (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $9,486 | 6.00% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 4 | $690,000 | $172,500 | $6,764 | 6.44% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $6,769 | 5.99% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $8,660 | 6.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $9,649 | 6.25% |
| Albertville, AL (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $3,677 | 8.13% |
| Dublin, GA (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $7,065 | 6.68% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $11,357 | 6.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,966 | 6.13% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $12,017 | 6.00% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $7,100 | 7.13% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,229 | 6.50% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $4,874 | 7.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $13,568 | 5.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 7.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $4,881 | 6.56% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $7,441 | 5.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,779 | 7.13% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,979 | 6.63% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,632 | 6.75% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,506 | 7.13% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $4,603 | 6.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 7.38% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $9,308 | 6.25% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,545 | 6.25% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $15,540 | 5.13% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $6,980 | 6.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,616 | 6.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.13% |
| Toccoa, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,826 | 7.63% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,082 | 5.75% |
| Crossville, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,360 | 6.25% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,929 | 7.13% |
| Bainbridge, GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $10,268 | 5.63% |
| Union, SC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,690 | 7.00% |
| ALBANY, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,348 | 6.63% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,354 | 5.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $4,031 | 8.18% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 8.00% |
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We use machine learning to identify the top lenders compared against BANKSOUTH MORTGAGE COMPANY 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, Banksouth Mortgage Company's most frequently originated type of loan was Conventional, with 1,655 originations. Their 2nd most popular type was FHA, with 583 originations.
Loan Reason
For 2023, Banksouth Mortgage Company's most frequently cited loan purpose was Home Purchase, with 2,382 originations. The 2nd most popular reason was Refi, with 97 originations.
Loan Duration/Length
For 2023, Banksouth Mortgage Company's most frequently cited loan duration was 30 Year, with 2,434 originations. The 2nd most popular length was 15 Year, with 47 originations.
Origination Fees/Closing Costs
Banksouth Mortgage Company's average total fees were $9,575, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 871 originations.
Interest Rates
During 2023, Banksouth Mortgage Company's average interest rate for loans was 6.50%, while their most frequently originated rate bucket for loans was 6-7%, with 1,335 originations.
Loan Sizing
2023 saw Banksouth Mortgage Company place emphasis on $200k-400k loans with 1,503 originations, totaling $452,385,000 in origination value.
Applicant Income
Banksouth Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 735 originations. The second most popular income band? $150k-250k, with 506 originations.
Applicant Debt to Income Ratio
Banksouth Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 411 originations. The next most common DTI ratio? 20-30%, with 367 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.92%
Banksouth Mortgage Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.73%
Banksouth Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,536 | $920,080,000 | $362,808 |