Auburnbank Mortgage Rates, Fees & Info

Auburn, AL

LEI: RO7SIV4IZNEGU4EXXS92

Tax ID: 63-0015130

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Mortgage Data

Review & Overview

Auburnbank is a smaller bank specializing in Home Purchase and Refi loans. Auburnbank has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Columbus, Alexander City, Lagrange, and Huntsville among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Auburnbank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

163

Origination Dollar Volume (All Markets)

$49,685,000

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
AUBURN-OPELIKA, AL (FHA|USDA|VA) 100 $31,290,000 $312,900 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 24 $8,910,000 $371,250 $0 0.00%
Alexander City, AL (FHA|USDA|VA) 9 $3,755,000 $417,222 $0 0.00%
LaGrange, GA-AL (FHA|USDA|VA) 12 $1,680,000 $140,000 $0 0.00%
HUNTSVILLE, AL (FHA|USDA|VA) 2 $980,000 $490,000 $0 0.00%
MONTGOMERY, AL (FHA|USDA|VA) 3 $595,000 $198,333 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
Outside of Metro Areas 2 $290,000 $145,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $280,000 $140,000 $0 0.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
ROME, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Auburnbank's top markets include Auburn, Columbus, Alexander City, Lagrange, and Huntsville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 163 $49,685,000 $304,816 $0 0.00%

    For 2023, Auburnbank's most frequently originated type of loan was Conventional, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $31,330,000 $372,976 $0 0.00%
    Refi 51 $14,455,000 $283,431 $0 0.00%
    Home Improvement 18 $1,960,000 $108,889 $0 0.00%
    Other 9 $1,735,000 $192,778 $0 0.00%
    Cash Out Refi 1 $205,000 $205,000 $0 0.00%

    For 2023, Auburnbank's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 163 $49,685,000 $304,816 $0 0.00%

    For 2023, Auburnbank's most frequently cited loan duration was Other, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 46 $2,500,000 $54,348 $0 0.00%
    $200k-400k 41 $11,595,000 $282,805 $0 0.00%
    $100k-200k 36 $5,170,000 $143,611 $0 0.00%
    $400k-600k 27 $12,685,000 $469,815 $0 0.00%
    $600k-1MM 9 $6,355,000 $706,111 $0 0.00%
    $1MM+ 4 $11,380,000 $2,845,000 $0 0.00%

    2023 saw Auburnbank place emphasis on $100,000 or less loans with 46 originations, totaling $2,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $5,635,000 $181,774 $0 0.00%
    $150k-250k 23 $8,095,000 $351,957 $0 0.00%
    $250k+ 20 $8,610,000 $430,500 $0 0.00%
    $50k-75k 17 $2,145,000 $126,176 $0 0.00%
    $75k-100k 12 $1,890,000 $157,500 $0 0.00%
    $50k or less 9 $735,000 $81,667 $0 0.00%

    Auburnbank lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 163 $49,685,000 $304,816 $0 0.00%

    Auburnbank lent most frequently to those with DTI ratios of Exempt%, with 163 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $24,010,000 $240,100 $0 0.00%
    Not applicable 54 $23,160,000 $428,889 $0 0.00%
    Not provided 5 $1,825,000 $365,000 $0 0.00%
    American Indian 2 $410,000 $205,000 $0 0.00%
    Black 1 $145,000 $145,000 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.25%

    Auburnbank 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
    92.02%

    Auburnbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 163 $49,685,000 $304,816

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    163 $49,685,000 $304,816