# PromiseOne Bank

> **Canonical URL:** https://saferate.com/lenders/promiseone-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


PromiseOne Bank is a bank, headquartered in Duluth, GA, serving borrowers across 5 states, with 92 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 99% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 59% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900MY80V94K63ZY41
- **Headquarters:** Duluth, GA
- **Geographic Reach:** Regional
- **States Served:** 5
- **State List:** FL, GA, NC, TN, TX
- **Markets (MSAs):** 2
- **Primary Channel:** wholesale
- **Direct Origination:** 1%
- **Brokered/Wholesale:** 99%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 1/100
- Rating: ●○○○○ (1/5)

### Pull Through: Sound ☺️
- Score: 41/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +1.221%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,711
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 92
- **Dollar Volume:** $34 million
- **Applications Received:** 101
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $366,413
- **Average Borrower Income:** $136,793
- **Average Property Value:** $585,761

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 28/100 | 86 | +1.227% | $4,503 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 82 loans, Score: 31/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 31/100 | 88 | $32M | +1.221% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| GA | 60 | 0.04% | 63/100 |
| TX | 14 | 0.00% | 43/100 |
| FL | 11 | 0.00% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Atlanta | GA | 41 | 62/100 |
| Dallas | TX | 11 | 45/100 |

## Frequently Asked Questions

### What loan types does PromiseOne Bank offer?

PromiseOne Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does PromiseOne Bank offer mortgages?

PromiseOne Bank offers mortgages in 5 states: FL, GA, NC, TN, TX.

### How competitive are PromiseOne Bank's mortgage rates?

PromiseOne Bank has a pricing score of 1/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 1.221% above market average.

### What type of lender is PromiseOne Bank?

PromiseOne Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Duluth, GA.

### What is PromiseOne Bank's loan approval success rate?

PromiseOne Bank has a pull-through score of 41/100 (Sound). 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/promiseone-bank

### How to Cite

> "PromiseOne Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/promiseone-bank

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