Banksouth Mortgage Company Rates, Fees & Info

Greensboro, GA

LEI: 549300ZN5MIVRMVHJS09

Tax ID: 27-4370581

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Mortgage Data

Review & Overview

Banksouth Mortgage Company is a small bank specializing in Home Purchase and Refi 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 Seneca among others. We have data for 97 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 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.

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% 3/28/24
30 Year Conventional Refi 6.59% 3/28/24
30 Year Cash-out Refi 6.91% 3/28/24
30 Year FHA Purchase 7.31% 3/28/24
30 Year FHA Refi 7.67% 3/28/24
30 Year VA Purchase 6.22% 3/28/24
30 Year USDA Purchase 6.70% 3/28/24
15 Year Conventional Purchase 6.10% 3/28/24
15 Year Conventional Refi 6.10% 3/28/24
15 Year Cash-out Refi 6.10% 3/28/24
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

6,779

Origination Dollar Volume (All Markets)

$1,980,725,000
Show all (12) awards

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) 3,854 $1,210,600,000 $314,115 $4,786 3.14%
SAVANNAH, GA (FHA|USDA|VA) 1,017 $255,055,000 $250,792 $5,634 3.03%
Outside of Metro Areas 396 $133,190,000 $336,338 $4,795 3.11%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 495 $115,365,000 $233,061 $5,693 3.07%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 359 $85,485,000 $238,120 $4,746 3.18%
Seneca, SC (FHA|USDA|VA) 102 $31,260,000 $306,471 $3,334 3.10%
Jefferson, GA (FHA|USDA|VA) 77 $18,195,000 $236,299 $4,992 3.29%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 40 $13,160,000 $329,000 $5,074 3.12%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 48 $12,450,000 $259,375 $3,588 3.10%
GAINESVILLE, GA (FHA|USDA|VA) 32 $9,810,000 $306,563 $5,035 2.95%
Statesboro, GA (FHA|USDA|VA) 44 $8,270,000 $187,955 $4,889 3.12%
HINESVILLE, GA (FHA|USDA|VA) 30 $5,930,000 $197,667 $5,808 3.03%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $5,275,000 $351,667 $5,837 3.22%
Milledgeville, GA (FHA|USDA|VA) 16 $4,590,000 $286,875 $5,012 3.49%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 14 $4,470,000 $319,286 $5,957 3.31%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 13 $3,925,000 $301,923 $3,322 3.11%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $3,730,000 $310,833 $5,634 3.00%
JACKSONVILLE, FL (FHA|USDA|VA) 10 $3,710,000 $371,000 $4,947 3.06%
PANAMA CITY, FL (FHA|USDA|VA) 10 $3,090,000 $309,000 $3,922 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $2,675,000 $535,000 $6,788 3.18%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,600,000 $260,000 $3,968 3.05%
COLUMBIA, SC (FHA|USDA|VA) 9 $2,155,000 $239,444 $4,890 3.69%
RALEIGH-CARY, NC (FHA|USDA|VA) 6 $2,070,000 $345,000 $2,977 2.96%
BRUNSWICK, GA (FHA|USDA|VA) 7 $2,065,000 $295,000 $4,730 2.98%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $2,010,000 $502,500 $8,623 3.09%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,935,000 $276,429 $4,438 2.98%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 11 $1,765,000 $160,455 $4,486 3.06%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,545,000 $309,000 $3,795 2.95%
COLUMBUS, GA-AL (FHA|USDA|VA) 6 $1,480,000 $246,667 $5,904 3.25%
Calhoun, GA (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,290 2.92%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $1,385,000 $1,385,000 $8,192 3.13%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 6 $1,270,000 $211,667 $3,837 2.81%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,105,000 $368,333 $5,167 2.63%
DALTON, GA (FHA|USDA|VA) 5 $1,065,000 $213,000 $4,309 2.88%
Key West, FL (FHA|USDA|VA) 2 $990,000 $495,000 $3,934 3.44%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $975,000 $325,000 $5,412 3.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $970,000 $485,000 $5,573 2.56%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 4 $950,000 $237,500 $4,032 3.22%
ROME, GA (FHA|USDA|VA) 4 $920,000 $230,000 $4,112 2.97%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $905,000 $301,667 $4,616 2.92%
Toccoa, GA (FHA|USDA|VA) 3 $905,000 $301,667 $6,291 4.21%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $890,000 $445,000 $3,775 3.19%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $845,000 $281,667 $5,747 3.00%
Alexander City, AL (FHA|USDA|VA) 1 $765,000 $765,000 $5,397 3.25%
Cornelia, GA (FHA|USDA|VA) 3 $765,000 $255,000 $3,162 3.08%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $760,000 $380,000 $6,425 2.81%
VALDOSTA, GA (FHA|USDA|VA) 4 $710,000 $177,500 $6,360 3.53%
Greenwood, SC (FHA|USDA|VA) 2 $670,000 $335,000 $3,565 2.81%
HUNTSVILLE, AL (FHA|USDA|VA) 3 $635,000 $211,667 $6,224 3.50%
CLEVELAND, TN (FHA|USDA|VA) 2 $570,000 $285,000 $5,326 3.13%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $540,000 $270,000 $1,791 2.56%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $530,000 $265,000 $3,233 2.69%
LaGrange, GA-AL (FHA|USDA|VA) 1 $515,000 $515,000 $4,124 3.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $515,000 $515,000 $8,392 2.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $510,000 $255,000 $5,484 2.81%
Jesup, GA (FHA|USDA|VA) 2 $500,000 $250,000 $6,426 2.44%
Boone, NC (FHA|USDA|VA) 2 $500,000 $250,000 $1,778 3.06%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $455,000 $455,000 $4,072 3.38%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $450,000 $225,000 $4,000 2.81%
Cullowhee, NC (FHA|USDA|VA) 2 $450,000 $225,000 $6,605 3.38%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $435,000 $435,000 $8,221 2.63%
Sevierville, TN (FHA|USDA|VA) 2 $400,000 $200,000 $3,255 4.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $365,000 $365,000 $4,351 3.38%
MONTGOMERY, AL (FHA|USDA|VA) 1 $355,000 $355,000 $3,456 2.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $340,000 $170,000 $3,361 2.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $335,000 $335,000 $4,947 3.38%
Cedartown, GA (FHA|USDA|VA) 2 $330,000 $165,000 $2,850 3.06%
AMES, IA (FHA|USDA|VA) 1 $325,000 $325,000 $4,860 3.13%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $310,000 $155,000 $7,667 4.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $310,000 $155,000 $3,090 3.00%
Newberry, SC (FHA|USDA|VA) 1 $305,000 $305,000 $4,668 2.25%
BATON ROUGE, LA (FHA|USDA|VA) 1 $285,000 $285,000 $5,789 2.50%
St. Marys, GA (FHA|USDA|VA) 2 $280,000 $140,000 $3,191 3.68%
PITTSBURGH, PA (FHA|USDA|VA) 2 $280,000 $140,000 $0 3.38%
Moultrie, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,215 2.63%
Dayton, TN (FHA|USDA|VA) 1 $255,000 $255,000 $1,087 2.75%
NEW BERN, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,327 3.00%
Plymouth, IN (FHA|USDA|VA) 1 $245,000 $245,000 $3,869 3.00%
Thomasville, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,369 3.99%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.50%
ALBANY, GA (FHA|USDA|VA) 1 $205,000 $205,000 $3,168 3.38%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $205,000 $205,000 $8,867 2.75%
Forest City, NC (FHA|USDA|VA) 1 $195,000 $195,000 $2,665 3.25%
GREENVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,762 3.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $165,000 $165,000 $3,004 2.75%
HARRISONBURG, VA (FHA|USDA|VA) 1 $155,000 $155,000 $3,024 3.63%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $2,367 3.13%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $135,000 $135,000 $3,029 3.50%
Waycross, GA (FHA|USDA|VA) 1 $135,000 $135,000 $6,864 2.75%
GAINESVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $4,053 2.38%
Danville, VA (FHA|USDA|VA) 1 $125,000 $125,000 $3,353 2.50%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,928 2.38%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $115,000 $115,000 $2,625 3.00%
Morehead City, NC (FHA|USDA|VA) 1 $105,000 $105,000 $1,830 3.88%
Vidalia, GA (FHA|USDA|VA) 1 $95,000 $95,000 $5,119 2.75%
Thomaston, GA (FHA|USDA|VA) 1 $85,000 $85,000 $3,705 3.63%
JACKSON, MS (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.25%
Banksouth Mortgage Company's top markets include Atlanta, Savannah, Augusta, Athens, and Seneca among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,326 $1,620,570,000 $304,275 $4,209 3.15%
    FHA 771 $174,335,000 $226,115 $8,629 3.04%
    VA 558 $162,900,000 $291,935 $6,494 2.94%
    USDA 124 $22,920,000 $184,839 $5,709 2.95%

    For 2020, Banksouth Mortgage Company's most frequently originated type of loan was Conventional, with 5,326 originations. Their 2nd most popular type was FHA, with 771 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,270 $1,214,600,000 $284,450 $5,609 3.13%
    Refi 2,008 $628,040,000 $312,769 $3,709 3.04%
    Cash Out Refi 473 $131,045,000 $277,051 $4,302 3.32%
    Home Improvement 14 $3,680,000 $262,857 $7,617 4.17%
    Other 14 $3,360,000 $240,000 $4,050 3.44%

    For 2020, Banksouth Mortgage Company's most frequently cited loan purpose was Home Purchase, with 4,270 originations. The 2nd most popular reason was Refi, with 2,008 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,855 $1,737,045,000 $296,677 $5,145 3.16%
    15 Year 708 $181,070,000 $255,749 $3,623 2.71%
    20 Year 139 $40,115,000 $288,597 $3,540 3.12%
    Other 44 $13,510,000 $307,045 $3,943 3.02%
    30+ year 21 $7,415,000 $353,095 $9,010 4.52%
    10 Year 12 $1,570,000 $130,833 $3,085 3.26%

    For 2020, Banksouth Mortgage Company's most frequently cited loan duration was 30 Year, with 5,855 originations. The 2nd most popular length was 15 Year, with 708 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,732 $1,127,990,000 $302,248
    $2k-3k 882 $209,490,000 $237,517
    $3k-4k 806 $211,180,000 $262,010
    $<1k 616 $188,840,000 $306,558
    $4k-5k 268 $90,830,000 $338,918
    $5k+ 206 $106,110,000 $515,097

    Banksouth Mortgage Company's average total fees were $5,145, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,732 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,052 $877,650,000 $287,566
    2.5-3% 2,772 $849,460,000 $306,443
    <2.5% 696 $186,840,000 $268,448
    4-5% 241 $62,865,000 $260,851
    5-6% 18 $3,910,000 $217,222

    During 2020, Banksouth Mortgage Company's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 3-4%, with 3,052 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,536 $996,220,000 $281,736 $5,179 3.09%
    $100k-200k 1,729 $274,545,000 $158,788 $4,336 3.18%
    $400k-600k 1,171 $551,135,000 $470,653 $4,923 3.06%
    $100,000 or less 182 $14,730,000 $80,934 $3,218 3.39%
    $600k-1MM 120 $90,900,000 $757,500 $7,593 3.24%
    $1MM+ 41 $53,195,000 $1,297,439 $8,854 3.34%

    2020 saw Banksouth Mortgage Company place emphasis on $200k-400k loans with 3,536 originations, totaling $996,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,552 $482,580,000 $310,941 $4,750 3.12%
    $50k-75k 1,513 $326,875,000 $216,044 $5,235 3.12%
    $75k-100k 1,247 $327,345,000 $262,506 $5,097 3.16%
    $150k-250k 1,130 $426,470,000 $377,407 $4,738 3.11%
    $50k or less 778 $137,910,000 $177,262 $4,794 3.04%
    $250k+ 558 $279,290,000 $500,520 $5,104 3.14%

    Banksouth Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 1,552 originations. The second most popular income band? $50k-75k, with 1,513 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,556 $474,790,000 $305,135 $4,396 3.09%
    30-36% 1,241 $366,115,000 $295,016 $4,782 3.13%
    <20% 617 $181,265,000 $293,784 $3,962 3.04%
    43% 281 $76,735,000 $273,078 $5,086 3.16%
    44% 271 $73,565,000 $271,458 $5,296 3.22%
    41% 263 $79,095,000 $300,741 $5,168 3.12%
    39% 258 $76,220,000 $295,426 $5,002 3.15%
    40% 253 $77,705,000 $307,134 $5,282 3.15%
    42% 246 $72,510,000 $294,756 $5,207 3.21%
    38% 230 $67,660,000 $294,174 $5,053 3.14%
    37% 229 $71,605,000 $312,686 $5,189 3.22%
    36% 225 $68,965,000 $306,511 $4,993 3.13%
    50-60% 199 $50,735,000 $254,950 $8,470 3.09%
    46% 175 $48,215,000 $275,514 $5,584 3.12%
    49% 175 $48,465,000 $276,943 $5,910 3.12%
    48% 167 $41,965,000 $251,287 $6,385 3.08%
    45% 162 $42,090,000 $259,815 $5,436 3.16%
    47% 136 $35,410,000 $260,368 $5,843 3.26%

    Banksouth Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 1,556 originations. The next most common DTI ratio? 30-36%, with 1,241 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,883 $1,457,205,000 $298,424 $4,677 3.12%
    Black 870 $220,170,000 $253,069 $6,610 3.11%
    Not provided 696 $197,830,000 $284,239 $5,119 3.12%
    Asian 312 $100,780,000 $323,013 $4,209 3.04%
    American Indian 11 $3,305,000 $300,455 $5,971 3.10%
    Native Hawaiian or Islander 6 $1,280,000 $213,333 $5,048 3.27%
    Other Asian 1 $155,000 $155,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    96.26%

    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 origination
    84.44%

    Banksouth Mortgage Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,779 $1,980,725,000 $292,185

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 25 $3,445,000 $137,800
    Single Family (1-4 Units):Site-Built 6,754 $1,977,280,000 $292,757

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 198 $42,040,000 $212,323 $3,491 2.91%
    40-60% 742 $208,950,000 $281,604 $3,710 2.99%
    60-80% 2,230 $725,440,000 $325,309 $4,177 3.18%
    80-100% 3,414 $948,690,000 $277,882 $5,489 3.13%
    Over 100% 171 $51,495,000 $301,140 $10,734 2.97%
    Under 20% 24 $4,110,000 $171,250 $2,946 3.27%