# First Palmetto Bank

> **Canonical URL:** https://saferate.com/lenders/first-palmetto-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First Palmetto Bank is a bank, headquartered in Camden, SC, serving borrowers across 7 states, with 453 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 24% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 22% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300Z7EP1HO5CH1C36
- **Headquarters:** Camden, SC
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** FL, GA, KY, NC, OH, SC, TN
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 76/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 78/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.052%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,114
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 453
- **Dollar Volume:** $140 million
- **Applications Received:** 521
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $309,238
- **Average Borrower Income:** $153,735
- **Average Property Value:** $415,706

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (77%)
- ⭐ **VA Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 63/100 | 331 | -0.017% | $1,090 | Strong 😀 |
| FHA | 66/100 | 78 | +0.520% | $1,097 | Strong 😀 |
| VA | 62/100 | 25 | -0.339% | $1,033 | Strong 😀 |
| USDA | 70/100 | 10 | -0.038% | $1,526 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 256 loans, Score: 60/100 (Strong)
- Refinance: 75 loans, Score: 63/100 (Strong)

**FHA:**
- Purchase: 68 loans, Score: 64/100 (Strong)

**VA:**
- Purchase: 25 loans, Score: 63/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 62/100 | 367 | $117M | +0.032% | Strong 😀 |
| Refinance | 62/100 | 86 | $23M | +0.141% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SC | 432 | 0.54% | 87/100 |
| NC | 14 | 0.01% | 41/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Columbia, SC | SC | 290 | 95/100 |
| Greenville | SC | 49 | 67/100 |
| Charleston | SC | 26 | 56/100 |
| Non |  | 22 | 30/100 |
| Myrtle Beach | SC | 16 | 49/100 |
| Augusta | GA-SC | 11 | 44/100 |

## Where This Lender Ranks

First Palmetto Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in South Carolina for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Columbia, SC Banks
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks)
- 🥇 **#1** in Columbia, SC for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Columbia, SC for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in South Carolina for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in South Carolina for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in Columbia, SC for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Columbia, SC for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Columbia, SC
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders)
- 🥉 **#3** in Columbia, SC for FHA Loans
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/fha-loans)
- 🥉 **#3** in Columbia, SC for USDA Loans
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/usda-loans)
- 🏆 **#4** in South Carolina Banks
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks)
- 🏆 **#4** in South Carolina for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Columbia, SC for Conventional Loans
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/conventional-loans)
- 🏆 **#5** in South Carolina for FHA Loans
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/fha-loans)
- 🏆 **#5** in Columbia, SC for VA Loans
  - [View Full Rankings](https://saferate.com/columbia-sc/best-mortgage-lenders/va-loans)
- 🏆 **#6** in Greenville Banks
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders/banks)
- 🏆 **#6** in Greenville for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/greenville/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in South Carolina for Conventional Loans
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/conventional-loans)
- 🏆 **#7** in South Carolina for USDA Loans
  - [View Full Rankings](https://saferate.com/south-carolina/best-mortgage-lenders/usda-loans)

## Frequently Asked Questions

### What loan types does First Palmetto Bank offer?

First Palmetto Bank offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Palmetto Bank offer mortgages?

First Palmetto Bank offers mortgages in 7 states: FL, GA, KY, NC, OH, SC, TN.

### How competitive are First Palmetto Bank's mortgage rates?

First Palmetto Bank has a pricing score of 76/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.052% above market average.

### What type of lender is First Palmetto Bank?

First Palmetto Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Camden, SC.

### What is First Palmetto Bank's loan approval success rate?

First Palmetto Bank has a pull-through score of 78/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-palmetto-bank

### How to Cite

> "First Palmetto Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-palmetto-bank

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