South State Bank Mortgage Rates, Fees & Info

Winter Haven, FL

LEI: 8I3UVGYULPJQIP7FQV10

Tax ID: 59-2979916

5 stars - Updated: 4/16/25 - out of 5 stars, based on 99 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    South State Bank is a small bank specializing in Home Purchase loans. South State Bank 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, Charlotte, Charleston, Orlando, and Greenville among others. We have data for 166 markets. (Some data included below & more in-depth data is available with an active subscription.)

    South State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. South State Bank is typically a low 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
    Home Equity Line of Credit (HELOC) 6.72% 4/16/25
    30 Year Conventional Purchase 6.90% 4/16/25
    30 Year Conventional Refi 6.85% 4/16/25
    30 Year Cash-out Refi 7.07% 4/16/25
    30 Year FHA Purchase 7.04% 4/16/25
    30 Year FHA Refi 6.85% 4/16/25
    30 Year VA Purchase 6.29% 4/16/25
    30 Year VA Refi 6.24% 4/16/25
    30 Year USDA Purchase 6.63% 4/16/25
    15 Year Conventional Purchase 6.69% 4/16/25
    15 Year Conventional Refi 7.07% 4/16/25
    15 Year Cash-out Refi 7.07% 4/16/25
    15 Year VA Purchase 6.61% 4/16/25
    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.

    South State Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from South State Bank. 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

    9,816

    Origination Dollar Volume (All Markets)

    $2,894,580,000
    Show all (25) awards

    Relative Rate

    South State Bank's average 30 year fixed mortgage rate was 6.72%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.17%.

    Relative Fees (Closing Costs)

    South State Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,833.

    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 $8,356.

    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) 732 $335,950,000 $458,948 $6,910 6.73%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 817 $266,645,000 $326,371 $5,293 6.51%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 625 $248,755,000 $398,008 $6,230 7.21%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 542 $151,440,000 $279,410 $8,164 6.79%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 581 $151,055,000 $259,991 $5,393 7.09%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 605 $147,255,000 $243,397 $6,095 6.24%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 682 $104,490,000 $153,211 $3,347 4.27%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 235 $100,235,000 $426,532 $7,462 7.38%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 318 $82,430,000 $259,214 $7,146 7.07%
    HUNTSVILLE, AL (FHA|USDA|VA) 192 $69,590,000 $362,448 $6,927 6.18%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 189 $69,415,000 $367,275 $7,273 7.06%
    Outside of Metro Areas 293 $67,695,000 $231,041 $5,932 7.27%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 144 $67,000,000 $465,278 $6,751 6.78%
    SAVANNAH, GA (FHA|USDA|VA) 179 $66,315,000 $370,475 $6,165 7.04%
    COLUMBIA, SC (FHA|USDA|VA) 295 $65,265,000 $221,237 $4,762 6.71%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 358 $63,730,000 $178,017 $7,004 7.17%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 212 $63,410,000 $299,104 $6,100 7.18%
    JACKSONVILLE, FL (FHA|USDA|VA) 186 $52,120,000 $280,215 $4,943 6.28%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 126 $50,090,000 $397,540 $7,656 7.18%
    Seneca, SC (FHA|USDA|VA) 114 $47,720,000 $418,596 $7,655 7.44%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 229 $47,545,000 $207,620 $6,442 7.34%
    KNOXVILLE, TN (FHA|USDA|VA) 5 $42,375,000 $8,475,000 $9,568 6.74%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 99 $38,825,000 $392,172 $5,209 7.10%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 163 $33,765,000 $207,147 $7,830 7.17%
    RICHMOND, VA (FHA|USDA|VA) 109 $30,335,000 $278,303 $4,756 6.68%
    SPARTANBURG, SC (FHA|USDA|VA) 110 $23,440,000 $213,091 $4,329 5.95%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 111 $21,955,000 $197,793 $6,286 7.31%
    GAINESVILLE, FL (FHA|USDA|VA) 65 $19,975,000 $307,308 $5,625 6.79%
    OCALA, FL (FHA|USDA|VA) 114 $18,420,000 $161,579 $6,474 7.24%
    Key West, FL (FHA|USDA|VA) 29 $18,095,000 $623,966 $9,746 7.04%
    RALEIGH-CARY, NC (FHA|USDA|VA) 59 $17,785,000 $301,441 $3,755 6.92%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 38 $17,230,000 $453,421 $5,673 5.99%
    WILMINGTON, NC (FHA|USDA|VA) 45 $16,605,000 $369,000 $5,721 7.30%
    Georgetown, SC (FHA|USDA|VA) 59 $15,595,000 $264,322 $6,626 7.45%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 50 $13,970,000 $279,400 $7,797 6.69%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 56 $10,390,000 $185,536 $3,126 6.07%
    LaGrange, GA-AL (FHA|USDA|VA) 63 $10,025,000 $159,127 $4,726 7.41%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 33 $9,645,000 $292,273 $6,186 7.15%
    Palatka, FL (FHA|USDA|VA) 52 $8,930,000 $171,731 $5,708 6.80%
    Cornelia, GA (FHA|USDA|VA) 55 $8,265,000 $150,273 $7,553 7.30%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 66 $8,260,000 $125,152 $4,996 7.40%
    FLORENCE, SC (FHA|USDA|VA) 56 $8,210,000 $146,607 $5,018 7.46%
    ASHEVILLE, NC (FHA|USDA|VA) 12 $8,070,000 $672,500 $5,465 6.98%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 18 $8,010,000 $445,000 $9,334 7.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 15 $7,145,000 $476,333 $6,782 6.72%
    Greenwood, SC (FHA|USDA|VA) 43 $7,125,000 $165,698 $5,182 7.17%
    Orangeburg, SC (FHA|USDA|VA) 37 $6,605,000 $178,514 $7,926 8.05%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 13 $6,285,000 $483,462 $11,009 6.93%
    Okeechobee, FL (FHA|USDA|VA) 31 $6,275,000 $202,419 $6,020 7.52%
    GAINESVILLE, GA (FHA|USDA|VA) 23 $5,975,000 $259,783 $6,538 7.03%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 16 $5,860,000 $366,250 $4,643 7.21%
    Jefferson, GA (FHA|USDA|VA) 30 $5,440,000 $181,333 $5,089 7.38%
    TUSCALOOSA, AL (FHA|USDA|VA) 19 $4,955,000 $260,789 $6,250 5.75%
    THE VILLAGES, FL (FHA|USDA|VA) 25 $4,945,000 $197,800 $6,888 7.65%
    TALLAHASSEE, FL (FHA|USDA|VA) 28 $4,800,000 $171,429 $3,966 5.34%
    BRUNSWICK, GA (FHA|USDA|VA) 7 $4,595,000 $656,429 $6,855 7.48%
    MONTGOMERY, AL (FHA|USDA|VA) 18 $4,560,000 $253,333 $6,995 6.50%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 18 $3,650,000 $202,778 $5,937 6.30%
    PUNTA GORDA, FL (FHA|USDA|VA) 19 $3,225,000 $169,737 $4,016 7.47%
    COLUMBUS, GA-AL (FHA|USDA|VA) 16 $3,190,000 $199,375 $4,026 7.83%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 20 $2,880,000 $144,000 $7,025 7.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $2,755,000 $393,571 $8,200 6.48%
    Scottsboro, AL (FHA|USDA|VA) 5 $2,325,000 $465,000 $5,833 6.90%
    Shelby, NC (FHA|USDA|VA) 7 $2,285,000 $326,429 $6,645 6.83%
    Toccoa, GA (FHA|USDA|VA) 18 $2,250,000 $125,000 $4,664 7.19%
    Albemarle, NC (FHA|USDA|VA) 9 $2,125,000 $236,111 $9,951 6.06%
    WINSTON-SALEM, NC (FHA|USDA|VA) 6 $2,090,000 $348,333 $5,175 6.66%
    Alexander City, AL (FHA|USDA|VA) 5 $1,925,000 $385,000 $5,355 7.19%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,820,000 $910,000 $4,703 7.00%
    Boone, NC (FHA|USDA|VA) 5 $1,775,000 $355,000 $3,086 7.02%
    PANAMA CITY, FL (FHA|USDA|VA) 5 $1,745,000 $349,000 $4,661 6.43%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $1,675,000 $1,675,000 $6,218 6.75%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,655,000 $551,667 $9,377 6.79%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 6 $1,520,000 $253,333 $5,251 6.94%
    Forest City, NC (FHA|USDA|VA) 2 $1,510,000 $755,000 $6,295 7.50%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,500,000 $375,000 $6,372 6.63%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,495,000 $299,000 $5,319 7.35%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 7 $1,465,000 $209,286 $7,192 6.66%
    DECATUR, AL (FHA|USDA|VA) 5 $1,425,000 $285,000 $3,855 5.24%
    Arcadia, FL (FHA|USDA|VA) 11 $1,305,000 $118,636 $0 7.45%
    Cullowhee, NC (FHA|USDA|VA) 3 $1,285,000 $428,333 $4,855 6.87%
    Union, SC (FHA|USDA|VA) 13 $1,285,000 $98,846 $4,554 7.83%
    Albertville, AL (FHA|USDA|VA) 2 $1,250,000 $625,000 $2,917 6.81%
    DOTHAN, AL (FHA|USDA|VA) 11 $1,235,000 $112,273 $3,658 6.17%
    Edwards, CO (FHA|USDA|VA) 1 $1,235,000 $1,235,000 $0 7.50%
    Statesboro, GA (FHA|USDA|VA) 5 $1,185,000 $237,000 $5,324 6.90%
    SUMTER, SC (FHA|USDA|VA) 8 $1,170,000 $146,250 $6,745 7.56%
    Gaffney, SC (FHA|USDA|VA) 7 $1,135,000 $162,143 $4,603 7.32%
    Marion, NC (FHA|USDA|VA) 2 $1,100,000 $550,000 $10,578 6.88%
    BURLINGTON, NC (FHA|USDA|VA) 3 $1,085,000 $361,667 $4,410 6.79%
    VALDOSTA, GA (FHA|USDA|VA) 2 $1,070,000 $535,000 $5,863 6.55%
    ROME, GA (FHA|USDA|VA) 3 $1,035,000 $345,000 $5,289 7.42%
    Newberry, SC (FHA|USDA|VA) 8 $1,020,000 $127,500 $4,819 7.67%
    CASPER, WY (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $3,951 7.13%
    Brevard, NC (FHA|USDA|VA) 2 $990,000 $495,000 $12,668 6.61%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 5 $945,000 $189,000 $6,018 6.43%
    ALBANY, GA (FHA|USDA|VA) 3 $895,000 $298,333 $6,150 7.25%
    Wauchula, FL (FHA|USDA|VA) 2 $860,000 $430,000 $7,697 7.55%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 5 $835,000 $167,000 $4,482 7.08%
    STAUNTON, VA (FHA|USDA|VA) 2 $830,000 $415,000 $4,802 7.37%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $815,000 $815,000 $14,938 6.50%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $805,000 $805,000 $5,724 6.88%
    Lumberton, NC (FHA|USDA|VA) 8 $770,000 $96,250 $2,451 4.58%
    Bozeman, MT (FHA|USDA|VA) 1 $765,000 $765,000 $0 6.38%
    Morehead City, NC (FHA|USDA|VA) 3 $745,000 $248,333 $4,405 7.42%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $745,000 $248,333 $5,979 6.25%
    Clewiston, FL (FHA|USDA|VA) 4 $720,000 $180,000 $7,396 7.09%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $690,000 $345,000 $20,143 6.44%
    HINESVILLE, GA (FHA|USDA|VA) 5 $685,000 $137,000 $4,663 7.59%
    JACKSONVILLE, NC (FHA|USDA|VA) 4 $680,000 $170,000 $4,761 7.37%
    GREELEY, CO (FHA|USDA|VA) 1 $635,000 $635,000 $0 6.63%
    Seymour, IN (FHA|USDA|VA) 2 $630,000 $315,000 $3,547 6.69%
    GREENVILLE, NC (FHA|USDA|VA) 2 $630,000 $315,000 $4,159 7.19%
    Tifton, GA (FHA|USDA|VA) 2 $610,000 $305,000 $4,533 7.06%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $595,000 $595,000 $7,174 6.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $585,000 $585,000 $7,177 6.13%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $575,000 $575,000 $20,817 5.75%
    Elizabeth City, NC (FHA|USDA|VA) 1 $535,000 $535,000 $15,331 5.63%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $515,000 $515,000 $4,989 7.13%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $510,000 $255,000 $4,517 7.25%
    Lake City, FL (FHA|USDA|VA) 4 $500,000 $125,000 $5,058 6.22%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $490,000 $245,000 $5,026 6.81%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $485,000 $485,000 $10,674 8.13%
    FAYETTEVILLE, NC (FHA|USDA|VA) 4 $480,000 $120,000 $4,559 7.44%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $455,000 $455,000 $4,423 6.63%
    ROCKY MOUNT, NC (FHA|USDA|VA) 4 $450,000 $112,500 $4,238 5.28%
    Greeneville, TN (FHA|USDA|VA) 1 $425,000 $425,000 $4,889 6.63%
    DOVER, DE (FHA|USDA|VA) 1 $425,000 $425,000 $15,474 6.38%
    Cullman, AL (FHA|USDA|VA) 2 $380,000 $190,000 $13,852 7.31%
    NEW BERN, NC (FHA|USDA|VA) 1 $355,000 $355,000 $2,472 7.38%
    ROANOKE, VA (FHA|USDA|VA) 1 $335,000 $335,000 $11,548 6.00%
    Cordele, GA (FHA|USDA|VA) 1 $325,000 $325,000 $3,880 4.38%
    Ozark, AL (FHA|USDA|VA) 4 $300,000 $75,000 $2,632 5.22%
    Sevierville, TN (FHA|USDA|VA) 1 $295,000 $295,000 $6,162 7.13%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $285,000 $285,000 $4,240 6.99%
    Athens, OH (FHA|USDA|VA) 1 $285,000 $285,000 $9,968 6.38%
    Jasper, AL (FHA|USDA|VA) 3 $275,000 $91,667 $2,273 5.04%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $275,000 $275,000 $5,834 6.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $265,000 $265,000 $11,802 6.25%
    Gloversville, NY (FHA|USDA|VA) 1 $265,000 $265,000 $10,985 7.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $265,000 $265,000 $10,656 5.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.63%
    Douglas, GA (FHA|USDA|VA) 1 $255,000 $255,000 $5,233 7.75%
    Wilson, NC (FHA|USDA|VA) 1 $255,000 $255,000 $4,452 6.00%
    DALTON, GA (FHA|USDA|VA) 2 $220,000 $110,000 $3,788 3.00%
    LINCOLN, NE (FHA|USDA|VA) 1 $215,000 $215,000 $4,695 6.63%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,610 6.63%
    GADSDEN, AL (FHA|USDA|VA) 2 $200,000 $100,000 $5,199 8.25%
    HATTIESBURG, MS (FHA|USDA|VA) 1 $185,000 $185,000 $5,238 6.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $165,000 $165,000 $2,509 6.63%
    Selma, AL (FHA|USDA|VA) 3 $155,000 $51,667 $2,702 4.92%
    Enterprise, AL (FHA|USDA|VA) 1 $155,000 $155,000 $4,366 6.38%
    Muskogee, OK (FHA|USDA|VA) 1 $155,000 $155,000 $0 7.38%
    St. Marys, GA (FHA|USDA|VA) 2 $140,000 $70,000 $4,368 8.00%
    Danville, KY (FHA|USDA|VA) 1 $135,000 $135,000 $3,927 6.88%
    Troy, AL (FHA|USDA|VA) 2 $130,000 $65,000 $3,182 5.50%
    Tupelo, MS (FHA|USDA|VA) 2 $130,000 $65,000 $0 7.75%
    PEORIA, IL (FHA|USDA|VA) 1 $125,000 $125,000 $8,009 5.75%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $115,000 $115,000 $3,600 7.25%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $115,000 $115,000 $4,959 6.63%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.13%
    Fitzgerald, GA (FHA|USDA|VA) 2 $90,000 $45,000 $2,424 3.38%
    TERRE HAUTE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $3,011 7.50%
    Calhoun, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.84%
    GOLDSBORO, NC (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.50%
    MOBILE, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.50%
    South State Bank's top markets include Atlanta, Charlotte, Charleston, Orlando, and Greenville among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against South State 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,635 $2,004,415,000 $355,708 $5,229 6.19%
    HELOC 3,375 $631,665,000 $187,160 n/a 7.68%
    FHA 552 $161,960,000 $293,406 $11,008 6.21%
    VA 228 $90,470,000 $396,798 $8,700 6.14%
    USDA 26 $6,070,000 $233,462 $7,378 6.00%

    For 2024, South State Bank's most frequently originated type of loan was Conventional, with 5,635 originations. Their 2nd most popular type was HELOC, with 3,375 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,070 $2,164,500,000 $356,590 $5,993 6.17%
    Home Improvement 2,088 $345,530,000 $165,484 $4,166 7.60%
    Other 790 $128,960,000 $163,241 $4,033 7.65%
    Refi 705 $203,275,000 $288,333 $5,512 7.58%
    Cash Out Refi 163 $52,315,000 $320,951 $6,418 6.76%

    For 2024, South State Bank's most frequently cited loan purpose was Home Purchase, with 6,070 originations. The 2nd most popular reason was Home Improvement, with 2,088 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,929 $1,855,835,000 $376,513 $6,833 6.72%
    5 Year 2,188 $404,790,000 $185,005 $59 5.60%
    10 Year 1,723 $382,685,000 $222,104 $1,581 7.71%
    15 Year 491 $53,885,000 $109,745 $3,693 6.81%
    Other 248 $104,440,000 $421,129 $0 8.56%
    20 Year 211 $41,905,000 $198,602 $4,462 6.98%
    3 Year 17 $39,065,000 $2,297,941 $0 8.73%
    1 Year 9 $11,975,000 $1,330,556 $0 8.12%

    For 2024, South State Bank's most frequently cited loan duration was 30 Year, with 4,929 originations. The 2nd most popular length was 5 Year, with 2,188 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,568 $993,210,000 $386,764
    $<1k 924 $94,330,000 $102,089
    $5k+ 740 $362,730,000 $490,176
    $2k-3k 586 $174,640,000 $298,020
    $3k-4k 430 $132,180,000 $307,395
    $4k-5k 318 $95,930,000 $301,667

    South State Bank's average total fees were $6,833, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,568 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 3,832 $1,399,640,000 $365,251
    7-8% 3,655 $1,043,945,000 $285,621
    Over 8% 1,043 $220,295,000 $211,213
    5-6% 661 $216,465,000 $327,481
    <2.5% 603 $6,735,000 $11,169
    4-5% 22 $7,500,000 $340,909

    During 2024, South State Bank's average interest rate for loans was 6.72%, while their most frequently originated rate bucket for loans was 6-7%, with 3,832 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,089 $872,385,000 $282,417 $6,771 6.86%
    $100,000 or less 2,712 $128,430,000 $47,356 $869 5.97%
    $100k-200k 1,990 $290,450,000 $145,955 $4,836 7.21%
    $400k-600k 1,184 $569,380,000 $480,895 $7,730 6.91%
    $600k-1MM 576 $421,350,000 $731,510 $8,407 6.91%
    $1MM+ 265 $612,585,000 $2,311,642 $10,121 7.22%

    2024 saw South State Bank place emphasis on $200k-400k loans with 3,089 originations, totaling $872,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,937 $273,345,000 $141,118 $4,569 5.87%
    $100k-150k 1,844 $438,910,000 $238,021 $7,262 7.15%
    $250k+ 1,681 $946,445,000 $563,025 $7,883 7.18%
    $150k-250k 1,676 $522,090,000 $311,510 $7,199 7.25%
    $75k-100k 1,298 $253,420,000 $195,239 $6,221 6.82%
    $50k or less 1,065 $105,735,000 $99,282 $3,491 5.47%

    South State Bank lent most frequently to those with incomes in the $50k-75k range, with 1,937 originations. The second most popular income band? $100k-150k, with 1,844 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,617 $432,625,000 $267,548 $6,043 7.17%
    30-36% 1,596 $428,260,000 $268,333 $5,927 6.99%
    44% 942 $183,700,000 $195,011 $4,525 5.78%
    42% 799 $224,765,000 $281,308 $5,856 6.51%
    <20% 697 $202,125,000 $289,993 $5,909 7.29%
    41% 539 $147,135,000 $272,978 $5,633 6.50%
    40% 496 $129,160,000 $260,403 $5,485 6.53%
    43% 467 $96,615,000 $206,884 $4,829 5.97%
    39% 415 $113,915,000 $274,494 $6,026 6.73%
    38% 367 $102,745,000 $279,959 $6,040 6.87%
    37% 355 $86,295,000 $243,085 $5,570 6.92%
    36% 331 $96,585,000 $291,798 $6,233 6.90%
    50-60% 228 $67,730,000 $297,061 $10,062 6.13%
    49% 216 $68,290,000 $316,157 $6,562 6.21%
    45% 164 $56,450,000 $344,207 $6,513 6.07%
    48% 154 $53,390,000 $346,688 $6,669 6.27%
    47% 141 $48,515,000 $344,078 $7,260 6.40%
    46% 134 $45,460,000 $339,254 $7,215 6.40%
    >60% 36 $6,350,000 $176,389 $5,235 9.02%

    South State Bank lent most frequently to those with DTI ratios of 20-30%, with 1,617 originations. The next most common DTI ratio? 30-36%, with 1,596 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,839 $1,900,755,000 $277,929 $6,344 7.04%
    Not provided 1,085 $315,395,000 $290,687 $6,053 6.63%
    Black 1,516 $297,460,000 $196,214 $4,835 5.16%
    Not applicable 100 $288,550,000 $2,885,500 $0 8.03%
    Asian 207 $76,545,000 $369,783 $6,933 6.79%
    American Indian 50 $11,140,000 $222,800 $5,085 5.74%
    Asian Indian 6 $2,190,000 $365,000 $11,140 6.92%
    Native Hawaiian or Islander 8 $1,290,000 $161,250 $11,217 7.36%
    Vietnamese 1 $665,000 $665,000 $10,374 6.63%
    Other Pacific Islander 1 $255,000 $255,000 $0 7.50%
    Filipino 1 $195,000 $195,000 $0 7.50%
    Other Asian 1 $75,000 $75,000 $0 7.15%
    Native Hawaiian 1 $65,000 $65,000 $0 7.50%

    Approval Rates

    Total approvals of all applications
    78.17%

    South State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.95%

    South State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    182.61 1 $75,000 $75,000
    185.21 1 $75,000 $75,000
    202.55 1 $75,000 $75,000
    252.27 1 $95,000 $95,000
    282.33 1 $115,000 $115,000
    299.35 1 $115,000 $115,000
    305.75 6 $520,000 $86,667
    325.75 304 $22,580,000 $74,276
    335.75 1 $35,000 $35,000
    404.75 69 $7,375,000 $106,884
    5.75 1 $115,000 $115,000
    690.75 35 $2,665,000 $76,143
    720.75 80 $5,700,000 $71,250
    NA 9,314 $2,855,040,000 $306,532

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9,816 $2,894,580,000 $294,884

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,567 $343,175,000 $219,001 $4,772 7.42%
    40-60% 975 $469,385,000 $481,421 $6,130 7.16%
    60-80% 1,671 $716,295,000 $428,662 $6,541 7.09%
    80-100% 3,344 $1,176,050,000 $351,690 $6,886 6.74%
    Over 100% 42 $17,410,000 $414,524 $16,894 6.13%
    Under 20% 2,211 $164,505,000 $74,403 $263 5.67%