# SouthPoint Bank

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


SouthPoint Bank is a bank, headquartered in Birmingham, AL, serving borrowers across 6 states, with 526 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 53% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 32% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900E9QYJ6OX8QXL76
- **Headquarters:** Birmingham, AL
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** AL, AZ, FL, GA, MS, TN
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 47/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 68/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.219%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,381
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 526
- **Dollar Volume:** $143 million
- **Applications Received:** 727
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $271,122
- **Average Borrower Income:** $104,221
- **Average Property Value:** $327,129

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 61/100 | 261 | +0.178% | $3,059 | Strong 😀 |
| FHA | 75/100 | 210 | +0.394% | $937 | Strong 😀 |
| VA | 65/100 | 33 | -0.192% | $3,050 | Strong 😀 |
| USDA | 74/100 | 19 | -0.033% | $1,108 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 239 loans, Score: 63/100 (Strong)
- Refinance: 22 loans, Score: 40/100 (Sound)

**FHA:**
- Purchase: 208 loans, Score: 76/100 (Strong)

**VA:**
- Purchase: 32 loans, Score: 66/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 70/100 | 500 | $133M | +0.225% | Strong 😀 |
| Refinance | 40/100 | 26 | $9M | +0.148% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| AL | 516 | 0.86% | 90/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Birmingham, AL | AL | 289 | 95/100 |
| Decatur, AL | AL | 71 | 91/100 |
| Anniston | AL | 52 | 87/100 |
| Non |  | 39 | 39/100 |
| Montgomery, AL | AL | 25 | 59/100 |
| Huntsville, AL | AL | 15 | 48/100 |
| Gadsden, AL | AL | 10 | 43/100 |

## Where This Lender Ranks

SouthPoint Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Decatur, AL Banks
  - [View Full Rankings](https://saferate.com/decatur-al/best-mortgage-lenders/banks)
- 🥇 **#1** in Decatur, AL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/decatur-al/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Decatur, AL for USDA Loans
  - [View Full Rankings](https://saferate.com/decatur-al/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Decatur, AL for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/decatur-al/best-mortgage-lenders/banks/usda-loans)
- 🥇 **#1** in Anniston for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/anniston/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Anniston for USDA Loans
  - [View Full Rankings](https://saferate.com/anniston/best-mortgage-lenders/usda-loans)
- 🥇 **#1** in Anniston for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/anniston/best-mortgage-lenders/banks/usda-loans)
- 🥈 **#2** in Decatur, AL for FHA Loans
  - [View Full Rankings](https://saferate.com/decatur-al/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Anniston Banks
  - [View Full Rankings](https://saferate.com/anniston/best-mortgage-lenders/banks)
- 🥈 **#2** in Anniston for FHA Loans
  - [View Full Rankings](https://saferate.com/anniston/best-mortgage-lenders/fha-loans)
- 🥉 **#3** in Anniston
  - [View Full Rankings](https://saferate.com/anniston/best-mortgage-lenders)
- 🥉 **#3** in Anniston for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/anniston/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Gadsden, AL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/gadsden-al/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Birmingham, AL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/birmingham-al/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Birmingham, AL for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/birmingham-al/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#4** in Decatur, AL
  - [View Full Rankings](https://saferate.com/decatur-al/best-mortgage-lenders)
- 🏆 **#4** in Montgomery, AL for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/montgomery-al/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#5** in Montgomery, AL for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/montgomery-al/best-mortgage-lenders/banks/va-loans)
- 🏆 **#6** in Alabama for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/alabama/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Alabama for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/alabama/best-mortgage-lenders/banks/usda-loans)

## Frequently Asked Questions

### What loan types does SouthPoint Bank offer?

SouthPoint 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 SouthPoint Bank offer mortgages?

SouthPoint Bank offers mortgages in 6 states: AL, AZ, FL, GA, MS, TN.

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

SouthPoint Bank has a pricing score of 47/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.219% above market average.

### What type of lender is SouthPoint Bank?

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

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

SouthPoint Bank has a pull-through score of 68/100 (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/southpoint-bank

### How to Cite

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

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