Auburnbank Mortgage Rates, Fees & Info

Auburn, AL

LEI: RO7SIV4IZNEGU4EXXS92

Tax ID: 63-0015130

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    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 Myrtle Beach among others. We have data for 8 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 a below average pick rate when compared to similar lenders.

    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.

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    Originations

    122

    Origination Dollar Volume (All Markets)

    $29,290,000

    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) 78 $17,450,000 $223,718 $0 0.00%
    COLUMBUS, GA-AL (FHA|USDA|VA) 10 $4,980,000 $498,000 $0 0.00%
    Alexander City, AL (FHA|USDA|VA) 9 $3,235,000 $359,444 $0 0.00%
    LaGrange, GA-AL (FHA|USDA|VA) 19 $1,975,000 $103,947 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
    MONTGOMERY, AL (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Auburnbank's top markets include Auburn, Columbus, Alexander City, Lagrange, and Myrtle Beach among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 122 $29,290,000 $240,082 $0 0.00%

    For 2024, Auburnbank's most frequently originated type of loan was Conventional, with 122 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $19,035,000 $312,049 $0 0.00%
    Refi 39 $7,845,000 $201,154 $0 0.00%
    Home Improvement 14 $1,250,000 $89,286 $0 0.00%
    Other 6 $780,000 $130,000 $0 0.00%
    Cash Out Refi 2 $380,000 $190,000 $0 0.00%

    For 2024, Auburnbank's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 122 $29,290,000 $240,082 $0 0.00%

    For 2024, Auburnbank's most frequently cited loan duration was Other, with 122 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 38 $1,930,000 $50,789 $0 0.00%
    $100k-200k 38 $5,600,000 $147,368 $0 0.00%
    $200k-400k 28 $7,190,000 $256,786 $0 0.00%
    $400k-600k 10 $5,090,000 $509,000 $0 0.00%
    $600k-1MM 5 $3,575,000 $715,000 $0 0.00%
    $1MM+ 3 $5,905,000 $1,968,333 $0 0.00%

    2024 saw Auburnbank place emphasis on $100,000 or less loans with 38 originations, totaling $1,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 24 $5,380,000 $224,167 $0 0.00%
    $250k+ 23 $6,285,000 $273,261 $0 0.00%
    $100k-150k 14 $2,640,000 $188,571 $0 0.00%
    $50k-75k 14 $1,560,000 $111,429 $0 0.00%
    $50k or less 9 $695,000 $77,222 $0 0.00%
    $75k-100k 9 $1,315,000 $146,111 $0 0.00%

    Auburnbank lent most frequently to those with incomes in the $150k-250k range, with 24 originations. The second most popular income band? $250k+, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 122 $29,290,000 $240,082 $0 0.00%

    Auburnbank lent most frequently to those with DTI ratios of Exempt%, with 122 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $15,965,000 $202,089 $0 0.00%
    Not applicable 28 $11,550,000 $412,500 $0 0.00%
    Not provided 4 $720,000 $180,000 $0 0.00%
    Black 7 $535,000 $76,429 $0 0.00%
    Asian 4 $520,000 $130,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.57%

    Auburnbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.34%

    Auburnbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 122 $29,290,000 $240,082

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    122 $29,290,000 $240,082