Auburnbank Mortgage Rates, Fees & Info
Auburn, ALLEI: 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
163Origination Dollar Volume (All Markets)
$49,685,000Top 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% |
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
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
2023 saw Auburnbank place emphasis on $100,000 or less loans with 46 originations, totaling $2,500,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications97.25%
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 origination92.02%
Auburnbank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 163 | $49,685,000 | $304,816 |