South State Bank Mortgage Rates, Fees & Info

Winter Haven, FL

LEI: 8I3UVGYULPJQIP7FQV10

Tax ID: 59-2979916

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

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    • Review & Overview

    South State Bank is a mid-sized bank specializing in Home Purchase loans. South State 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Charleston, Charlotte, Greenville, and Tampa among others. We have data for 183 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 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% 4/28/24
    30 Year Conventional Purchase 6.58% 4/28/24
    30 Year Conventional Refi 6.51% 4/28/24
    30 Year Cash-out Refi 6.73% 4/28/24
    30 Year FHA Purchase 7.12% 4/28/24
    30 Year FHA Refi 7.02% 4/28/24
    30 Year VA Purchase 6.06% 4/28/24
    30 Year VA Refi 5.94% 4/28/24
    30 Year USDA Purchase 6.63% 4/28/24
    15 Year Conventional Purchase 7.17% 4/28/24
    15 Year Conventional Refi 6.38% 4/28/24
    15 Year Cash-out Refi 6.38% 4/28/24
    15 Year VA Purchase 5.70% 4/28/24
    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.

    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

    15,087

    Origination Dollar Volume (All Markets)

    $6,533,005,000
    Show all (29) 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) 1,322 $629,220,000 $475,961 $7,251 4.53%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1,146 $621,980,000 $542,740 $8,138 4.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1,229 $582,485,000 $473,950 $6,330 4.36%
    Outside of Metro Areas 479 $424,575,000 $886,378 $6,566 4.65%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 948 $346,520,000 $365,527 $5,949 4.58%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 658 $324,990,000 $493,906 $6,707 5.01%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 537 $277,305,000 $516,397 $7,455 4.60%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 549 $245,795,000 $447,714 $7,056 4.81%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 745 $231,285,000 $310,450 $7,540 5.10%
    HUNTSVILLE, AL (FHA|USDA|VA) 206 $226,420,000 $1,099,126 $8,040 4.34%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 634 $179,140,000 $282,555 $7,207 4.82%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 580 $172,310,000 $297,086 $5,522 4.92%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 301 $170,155,000 $565,299 $8,458 4.94%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 282 $123,950,000 $439,539 $6,633 4.58%
    COLUMBIA, SC (FHA|USDA|VA) 457 $123,705,000 $270,689 $5,574 4.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 296 $118,970,000 $401,926 $7,101 4.89%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 181 $86,585,000 $478,370 $7,404 4.92%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 263 $84,625,000 $321,768 $6,955 4.95%
    SAVANNAH, GA (FHA|USDA|VA) 199 $83,655,000 $420,377 $6,961 4.49%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 469 $79,765,000 $170,075 $5,692 5.31%
    WILMINGTON, NC (FHA|USDA|VA) 89 $78,365,000 $880,506 $6,365 4.49%
    GAINESVILLE, GA (FHA|USDA|VA) 45 $77,675,000 $1,726,111 $5,768 4.77%
    Seneca, SC (FHA|USDA|VA) 165 $76,695,000 $464,818 $6,522 4.49%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 79 $76,475,000 $968,038 $6,870 5.13%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 272 $64,280,000 $236,324 $7,503 5.26%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 99 $57,345,000 $579,242 $7,756 4.75%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $52,760,000 $4,396,667 $4,445 4.40%
    ASHEVILLE, NC (FHA|USDA|VA) 106 $51,770,000 $488,396 $5,973 4.54%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 52 $51,620,000 $992,692 $12,327 4.42%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 120 $45,260,000 $377,167 $4,945 4.97%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 32 $39,820,000 $1,244,375 $7,457 4.35%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 102 $38,540,000 $377,843 $4,323 4.38%
    Georgetown, SC (FHA|USDA|VA) 114 $38,290,000 $335,877 $5,448 4.83%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 84 $34,970,000 $416,310 $8,051 4.56%
    OCALA, FL (FHA|USDA|VA) 142 $34,740,000 $244,648 $6,440 5.15%
    GAINESVILLE, FL (FHA|USDA|VA) 74 $33,990,000 $459,324 $6,166 4.73%
    RICHMOND, VA (FHA|USDA|VA) 97 $32,775,000 $337,887 $4,882 4.57%
    SPARTANBURG, SC (FHA|USDA|VA) 114 $32,120,000 $281,754 $5,897 4.91%
    RALEIGH-CARY, NC (FHA|USDA|VA) 90 $29,540,000 $328,222 $5,978 4.23%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 125 $24,835,000 $198,680 $5,158 5.23%
    FLORENCE, SC (FHA|USDA|VA) 103 $22,525,000 $218,689 $4,157 4.95%
    ROME, GA (FHA|USDA|VA) 83 $21,065,000 $253,795 $6,261 4.53%
    Key West, FL (FHA|USDA|VA) 38 $20,650,000 $543,421 $7,300 5.11%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 82 $17,760,000 $216,585 $5,571 5.51%
    Alexander City, AL (FHA|USDA|VA) 20 $17,490,000 $874,500 $9,766 4.82%
    Palatka, FL (FHA|USDA|VA) 94 $16,880,000 $179,574 $5,014 5.19%
    PUNTA GORDA, FL (FHA|USDA|VA) 43 $14,455,000 $336,163 $6,962 4.74%
    Cullowhee, NC (FHA|USDA|VA) 18 $14,330,000 $796,111 $8,838 4.44%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 48 $14,120,000 $294,167 $5,421 3.85%
    Orangeburg, SC (FHA|USDA|VA) 70 $12,730,000 $181,857 $4,782 5.11%
    Jefferson, GA (FHA|USDA|VA) 49 $11,275,000 $230,102 $6,585 4.95%
    Okeechobee, FL (FHA|USDA|VA) 64 $11,210,000 $175,156 $4,715 4.92%
    Cornelia, GA (FHA|USDA|VA) 62 $10,860,000 $175,161 $5,055 4.61%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 25 $9,065,000 $362,600 $10,170 4.33%
    Newberry, SC (FHA|USDA|VA) 26 $8,990,000 $345,769 $6,675 4.98%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 29 $8,305,000 $286,379 $4,833 4.65%
    LaGrange, GA-AL (FHA|USDA|VA) 56 $8,270,000 $147,679 $3,809 5.00%
    THE VILLAGES, FL (FHA|USDA|VA) 32 $8,160,000 $255,000 $6,426 5.25%
    Calhoun, GA (FHA|USDA|VA) 37 $8,075,000 $218,243 $6,349 4.51%
    Greenwood, SC (FHA|USDA|VA) 45 $7,925,000 $176,111 $5,348 4.88%
    DALTON, GA (FHA|USDA|VA) 36 $7,920,000 $220,000 $5,332 4.15%
    Albertville, AL (FHA|USDA|VA) 8 $7,500,000 $937,500 $7,830 4.04%
    Dublin, GA (FHA|USDA|VA) 31 $7,165,000 $231,129 $5,189 4.09%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 33 $7,035,000 $213,182 $5,911 5.11%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 10 $6,320,000 $632,000 $8,925 4.80%
    Brevard, NC (FHA|USDA|VA) 14 $6,010,000 $429,286 $6,220 4.83%
    BRUNSWICK, GA (FHA|USDA|VA) 10 $5,040,000 $504,000 $6,764 4.79%
    Boone, NC (FHA|USDA|VA) 13 $4,785,000 $368,077 $5,309 5.43%
    PANAMA CITY, FL (FHA|USDA|VA) 11 $4,715,000 $428,636 $8,892 4.73%
    SUMTER, SC (FHA|USDA|VA) 21 $4,565,000 $217,381 $5,917 5.15%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $4,410,000 $441,000 $5,881 5.10%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 11 $4,355,000 $395,909 $6,810 4.10%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $3,930,000 $393,000 $6,895 4.32%
    Arcadia, FL (FHA|USDA|VA) 16 $3,920,000 $245,000 $6,959 5.72%
    COLUMBUS, GA-AL (FHA|USDA|VA) 10 $3,690,000 $369,000 $6,433 5.13%
    Tifton, GA (FHA|USDA|VA) 16 $3,200,000 $200,000 $6,184 4.70%
    MONTGOMERY, AL (FHA|USDA|VA) 5 $3,095,000 $619,000 $2,561 5.02%
    Scottsboro, AL (FHA|USDA|VA) 7 $3,005,000 $429,286 $5,044 4.05%
    TALLAHASSEE, FL (FHA|USDA|VA) 10 $2,960,000 $296,000 $6,011 5.68%
    WINSTON-SALEM, NC (FHA|USDA|VA) 9 $2,775,000 $308,333 $5,837 4.19%
    WARNER ROBINS, GA (FHA|USDA|VA) 10 $2,680,000 $268,000 $4,524 5.11%
    Forest City, NC (FHA|USDA|VA) 6 $2,620,000 $436,667 $4,325 4.76%
    JACKSONVILLE, NC (FHA|USDA|VA) 7 $2,575,000 $367,857 $6,572 5.04%
    Marion, NC (FHA|USDA|VA) 4 $2,390,000 $597,500 $5,243 3.59%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 4.24%
    Toccoa, GA (FHA|USDA|VA) 10 $2,160,000 $216,000 $5,545 5.00%
    Cedartown, GA (FHA|USDA|VA) 8 $1,900,000 $237,500 $5,772 4.01%
    MOBILE, AL (FHA|USDA|VA) 7 $1,885,000 $269,286 $4,724 5.16%
    DECATUR, AL (FHA|USDA|VA) 5 $1,845,000 $369,000 $8,962 4.95%
    Sevierville, TN (FHA|USDA|VA) 3 $1,795,000 $598,333 $9,572 4.50%
    Union, SC (FHA|USDA|VA) 15 $1,655,000 $110,333 $3,802 5.50%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,645,000 $329,000 $4,292 4.33%
    HINESVILLE, GA (FHA|USDA|VA) 7 $1,535,000 $219,286 $5,418 4.43%
    Lake City, FL (FHA|USDA|VA) 5 $1,465,000 $293,000 $6,554 5.48%
    DOTHAN, AL (FHA|USDA|VA) 8 $1,430,000 $178,750 $3,852 5.02%
    Albemarle, NC (FHA|USDA|VA) 4 $1,410,000 $352,500 $4,412 5.56%
    Moultrie, GA (FHA|USDA|VA) 6 $1,390,000 $231,667 $5,814 5.21%
    Cullman, AL (FHA|USDA|VA) 2 $1,260,000 $630,000 $7,666 4.88%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,225,000 $408,333 $5,835 4.67%
    LIMA, OH (FHA|USDA|VA) 6 $1,210,000 $201,667 $7,633 5.35%
    Kill Devil Hills, NC (FHA|USDA|VA) 3 $1,135,000 $378,333 $0 4.79%
    Gaffney, SC (FHA|USDA|VA) 5 $1,055,000 $211,000 $6,209 4.13%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,030,000 $257,500 $7,985 5.06%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $1,005,000 $335,000 $4,059 5.21%
    Clewiston, FL (FHA|USDA|VA) 7 $975,000 $139,286 $3,619 4.64%
    ALBANY, GA (FHA|USDA|VA) 5 $895,000 $179,000 $3,078 4.80%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $780,000 $390,000 $10,369 4.13%
    Shelby, NC (FHA|USDA|VA) 5 $765,000 $153,000 $8,169 4.92%
    Summerville, GA (FHA|USDA|VA) 3 $735,000 $245,000 $6,313 4.17%
    HOT SPRINGS, AR (FHA|USDA|VA) 1 $725,000 $725,000 $16,980 6.00%
    Cordele, GA (FHA|USDA|VA) 5 $685,000 $137,000 $3,188 5.48%
    St. Marys, GA (FHA|USDA|VA) 2 $670,000 $335,000 $5,898 4.94%
    NEW BERN, NC (FHA|USDA|VA) 4 $670,000 $167,500 $2,459 5.06%
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 4 $660,000 $165,000 $8,357 5.69%
    FAYETTEVILLE, NC (FHA|USDA|VA) 3 $645,000 $215,000 $7,349 4.62%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $625,000 $625,000 $4,849 6.25%
    Wauchula, FL (FHA|USDA|VA) 3 $605,000 $201,667 $8,700 5.63%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 4 $600,000 $150,000 $6,711 5.56%
    Tupelo, MS (FHA|USDA|VA) 4 $600,000 $150,000 $0 5.75%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $565,000 $188,333 $7,803 5.04%
    TUSCALOOSA, AL (FHA|USDA|VA) 3 $555,000 $185,000 $4,721 6.00%
    BURLINGTON, NC (FHA|USDA|VA) 3 $555,000 $185,000 $2,944 4.96%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $545,000 $545,000 $11,171 6.38%
    GADSDEN, AL (FHA|USDA|VA) 2 $540,000 $270,000 $0 5.50%
    Waycross, GA (FHA|USDA|VA) 3 $525,000 $175,000 $5,333 5.54%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $475,000 $475,000 $3,588 2.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $455,000 $455,000 $0 5.70%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $425,000 $425,000 $8,249 6.25%
    Mount Airy, NC (FHA|USDA|VA) 2 $420,000 $210,000 $10,416 4.50%
    GREENVILLE, NC (FHA|USDA|VA) 4 $410,000 $102,500 $2,991 5.38%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $405,000 $405,000 $3,638 3.25%
    Morehead City, NC (FHA|USDA|VA) 3 $395,000 $131,667 $0 6.17%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $385,000 $385,000 $11,309 3.75%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $380,000 $190,000 $6,216 3.62%
    Milledgeville, GA (FHA|USDA|VA) 1 $375,000 $375,000 $5,220 4.25%
    Statesboro, GA (FHA|USDA|VA) 2 $370,000 $185,000 $3,932 5.00%
    Stephenville, TX (FHA|USDA|VA) 1 $355,000 $355,000 $6,583 3.88%
    North Wilkesboro, NC (FHA|USDA|VA) 2 $340,000 $170,000 $3,303 5.06%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $330,000 $165,000 $2,655 5.88%
    Selma, AL (FHA|USDA|VA) 2 $320,000 $160,000 $2,026 5.44%
    LINCOLN, NE (FHA|USDA|VA) 1 $305,000 $305,000 $4,043 5.00%
    Houghton, MI (FHA|USDA|VA) 1 $305,000 $305,000 $3,360 5.25%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,644 4.88%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $255,000 $255,000 $2,898 5.25%
    Jasper, AL (FHA|USDA|VA) 1 $245,000 $245,000 $0 4.25%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $225,000 $225,000 $2,283 6.38%
    Sanford, NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,032 5.38%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $215,000 $215,000 $2,116 6.13%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $215,000 $215,000 $4,230 4.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $215,000 $215,000 $7,137 4.75%
    Fitzgerald, GA (FHA|USDA|VA) 1 $215,000 $215,000 $9,219 4.25%
    ROCKY MOUNT, NC (FHA|USDA|VA) 2 $200,000 $100,000 $0 6.25%
    Lumberton, NC (FHA|USDA|VA) 2 $200,000 $100,000 $0 6.13%
    Findlay, OH (FHA|USDA|VA) 1 $195,000 $195,000 $6,585 3.75%
    Bainbridge, GA (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.50%
    STAUNTON, VA (FHA|USDA|VA) 1 $195,000 $195,000 $3,283 3.88%
    Washington, NC (FHA|USDA|VA) 2 $170,000 $85,000 $0 5.25%
    Laurel, MS (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.00%
    Ozark, AL (FHA|USDA|VA) 2 $160,000 $80,000 $3,408 4.68%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $155,000 $155,000 $5,612 4.75%
    Eufaula, AL-GA (FHA|USDA|VA) 1 $155,000 $155,000 $3,552 3.50%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.75%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $145,000 $145,000 $8,160 6.25%
    Wapakoneta, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,607 4.50%
    Meridian, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.50%
    Enterprise, AL (FHA|USDA|VA) 1 $125,000 $125,000 $3,834 5.38%
    SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $125,000 $125,000 $3,957 4.38%
    Laurinburg, NC (FHA|USDA|VA) 1 $115,000 $115,000 $3,104 5.13%
    Americus, GA (FHA|USDA|VA) 1 $115,000 $115,000 $2,978 6.00%
    Douglas, GA (FHA|USDA|VA) 1 $115,000 $115,000 $3,466 4.88%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
    Atmore, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
    Rockingham, NC (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.50%
    West Point, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.75%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,755 6.88%
    Picayune, MS (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.75%
    Bennettsville, SC (FHA|USDA|VA) 1 $95,000 $95,000 $4,603 5.63%
    Van Wert, OH (FHA|USDA|VA) 1 $95,000 $95,000 $4,549 4.75%
    VALDOSTA, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.75%
    Elizabeth City, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.00%
    JACKSON, MS (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.75%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.50%
    South State Bank's top markets include Atlanta, Charleston, Charlotte, Greenville, and Tampa 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)

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,885 $5,533,985,000 $559,837 $6,491 4.69%
    HELOC 4,569 $794,345,000 $173,855 n/a 4.86%
    FHA 310 $81,310,000 $262,290 $9,627 4.71%
    VA 268 $112,110,000 $418,321 $10,849 4.37%
    USDA 55 $11,255,000 $204,636 $6,503 4.06%

    For 2022, South State Bank's most frequently originated type of loan was Conventional, with 9,885 originations. Their 2nd most popular type was HELOC, with 4,569 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,575 $4,869,245,000 $567,842 $7,023 4.80%
    Home Improvement 2,954 $482,440,000 $163,318 $5,247 4.86%
    Refi 1,380 $621,180,000 $450,130 $6,169 4.32%
    Other 1,263 $249,085,000 $197,217 $4,629 4.88%
    Cash Out Refi 915 $311,055,000 $339,951 $5,285 4.15%

    For 2022, South State Bank's most frequently cited loan purpose was Home Purchase, with 8,575 originations. The 2nd most popular reason was Home Improvement, with 2,954 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,587 $4,233,395,000 $493,000 $6,987 4.62%
    10 Year 4,350 $898,270,000 $206,499 $2,649 4.80%
    15 Year 1,046 $173,800,000 $166,157 $4,267 4.83%
    Other 451 $404,745,000 $897,439 $3,955 5.44%
    20 Year 329 $52,005,000 $158,070 $3,886 5.06%
    5 Year 303 $721,625,000 $2,381,601 $87 5.53%
    3 Year 14 $46,250,000 $3,303,571 $0 5.29%
    1 Year 6 $2,640,000 $440,000 $0 5.93%
    30+ year 1 $275,000 $275,000 $5,150 4.50%

    For 2022, South State Bank's most frequently cited loan duration was 30 Year, with 8,587 originations. The 2nd most popular length was 10 Year, with 4,350 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 4,514 $2,048,110,000 $453,724
    $5k+ 1,777 $1,439,385,000 $810,008
    $2k-3k 935 $254,995,000 $272,722
    $3k-4k 713 $234,095,000 $328,324
    $4k-5k 564 $221,190,000 $392,181
    $<1k 457 $106,095,000 $232,155

    South State Bank's average total fees were $6,987, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,514 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4,671 $2,359,405,000 $505,118
    5-6% 3,617 $1,207,805,000 $333,925
    4-5% 3,157 $1,710,765,000 $541,896
    6-7% 1,569 $509,055,000 $324,446
    2.5-3% 1,139 $542,865,000 $476,615
    7-8% 805 $114,345,000 $142,043
    <2.5% 114 $85,350,000 $748,684
    Over 8% 15 $3,415,000 $227,667

    During 2022, South State Bank's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 3-4%, with 4,671 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,438 $1,254,130,000 $282,589 $5,767 4.69%
    $100k-200k 3,234 $464,190,000 $143,534 $4,104 4.86%
    $100,000 or less 2,941 $171,945,000 $58,465 $2,905 5.31%
    $400k-600k 2,108 $1,024,290,000 $485,906 $7,296 4.50%
    $600k-1MM 1,411 $1,042,495,000 $738,834 $8,548 4.26%
    $1MM+ 955 $2,575,955,000 $2,697,335 $13,213 4.00%

    2022 saw South State Bank place emphasis on $200k-400k loans with 4,438 originations, totaling $1,254,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 3,034 $2,255,680,000 $743,467 $9,586 4.31%
    $100k-150k 2,875 $761,855,000 $264,993 $6,379 4.80%
    $150k-250k 2,859 $1,078,465,000 $377,218 $7,148 4.67%
    $50k-75k 2,276 $390,960,000 $171,775 $5,131 5.02%
    $75k-100k 1,967 $419,135,000 $213,083 $5,789 4.94%
    $50k or less 1,458 $246,650,000 $169,170 $4,662 4.92%

    South State Bank lent most frequently to those with incomes in the $250k+ range, with 3,034 originations. The second most popular income band? $100k-150k, with 2,875 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,336 $1,131,600,000 $339,209 $6,318 4.65%
    30-36% 2,891 $1,076,775,000 $372,458 $6,924 4.76%
    <20% 1,538 $571,660,000 $371,691 $6,374 4.47%
    42% 1,103 $454,865,000 $412,389 $7,384 4.89%
    41% 727 $280,215,000 $385,440 $6,923 4.78%
    39% 680 $273,770,000 $402,603 $7,215 4.80%
    37% 672 $254,490,000 $378,705 $6,905 4.82%
    40% 645 $263,455,000 $408,457 $6,879 4.76%
    38% 619 $220,665,000 $356,486 $6,511 4.88%
    36% 535 $210,205,000 $392,907 $6,940 4.80%
    44% 449 $115,235,000 $256,648 $5,816 5.04%
    43% 312 $76,300,000 $244,551 $5,837 4.87%
    49% 306 $72,130,000 $235,719 $6,016 4.82%
    46% 216 $57,110,000 $264,398 $5,795 4.70%
    45% 197 $51,925,000 $263,579 $6,320 4.80%
    48% 196 $53,270,000 $271,786 $5,962 4.64%
    47% 175 $46,325,000 $264,714 $6,003 4.79%
    50-60% 155 $53,315,000 $343,968 $11,512 4.59%
    >60% 42 $7,220,000 $171,905 $6,981 5.26%

    South State Bank lent most frequently to those with DTI ratios of 20-30%, with 3,336 originations. The next most common DTI ratio? 30-36%, with 2,891 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11,111 $3,757,705,000 $338,197 $6,579 4.65%
    Not applicable 251 $1,244,955,000 $4,959,980 $0 4.82%
    Not provided 2,586 $1,136,430,000 $439,455 $7,211 5.11%
    Black 708 $203,750,000 $287,782 $6,449 4.84%
    Asian 335 $161,595,000 $482,373 $7,517 4.39%
    American Indian 57 $19,065,000 $334,474 $5,574 4.46%
    Asian Indian 16 $4,550,000 $284,375 $7,471 4.33%
    Other Asian 3 $1,825,000 $608,333 $13,368 4.88%
    Native Hawaiian or Islander 9 $1,605,000 $178,333 $4,374 4.82%
    Other Pacific Islander 5 $955,000 $191,000 $4,561 4.98%
    Korean 1 $195,000 $195,000 $0 3.75%
    Chinese 2 $190,000 $95,000 $0 5.32%
    Filipino 2 $160,000 $80,000 $0 4.69%
    Samoan 1 $25,000 $25,000 $0 4.25%

    Approval Rates

    Total approvals of all applications
    82.52%

    South State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    76.73%

    South State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    140.32 1 $55,000 $55,000
    146.14 1 $55,000 $55,000
    161.64 1 $65,000 $65,000
    162.8 1 $65,000 $65,000
    166.53 1 $65,000 $65,000
    168.19 1 $65,000 $65,000
    184.1 1 $75,000 $75,000
    191.33 1 $75,000 $75,000
    195.92 1 $75,000 $75,000
    198.64 1 $75,000 $75,000
    203.47 1 $75,000 $75,000
    204.89 1 $85,000 $85,000
    205.53 1 $85,000 $85,000
    211.31 1 $85,000 $85,000
    216.56 1 $85,000 $85,000
    230.16 1 $95,000 $95,000
    230.27 1 $95,000 $95,000
    262.02 1 $105,000 $105,000
    264.45 1 $105,000 $105,000
    265.34 1 $105,000 $105,000
    274.98 1 $105,000 $105,000
    275.3 1 $105,000 $105,000
    283.17 1 $115,000 $115,000
    294.39 1 $115,000 $115,000
    305.75 236 $15,020,000 $63,644
    319.6 1 $125,000 $125,000
    321.12 1 $125,000 $125,000
    325.75 240 $16,440,000 $68,500
    326.06 1 $125,000 $125,000
    339.51 1 $135,000 $135,000
    355.33 1 $145,000 $145,000
    385.89 1 $155,000 $155,000
    404.75 169 $19,955,000 $118,077
    534.13 1 $35,000 $35,000
    630.75 84 $4,700,000 $55,952
    650.75 70 $4,850,000 $69,286
    690.75 18 $1,220,000 $67,778
    NA 14,239 $6,467,945,000 $454,242

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15,087 $6,533,005,000 $433,022

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,301 $600,065,000 $260,784 $5,011 4.70%
    40-60% 1,862 $1,223,650,000 $657,170 $6,042 4.52%
    60-80% 3,825 $2,301,075,000 $601,588 $7,198 4.72%
    80-100% 4,880 $2,174,990,000 $445,695 $6,749 4.73%
    Over 100% 59 $25,745,000 $436,356 $18,042 4.78%
    Under 20% 2,158 $206,500,000 $95,690 $2,745 5.00%