# Patriot Bank

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

Patriot Bank is a bank, headquartered in Millington, TN, serving borrowers across 11 states, with 442 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 13% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 22% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300KM0M1BH7LBWW77
- **Headquarters:** Millington, TN
- **Geographic Reach:** Multi-Region
- **States Served:** 11
- **State List:** AL, AR, FL, GA, LA, MO, MS, NC, TN, UT, WY
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 87/100
- Rating: ●●●●● (5/5)

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

### Pricing Details
- **Average Rate Spread:** -0.030%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,334
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 442
- **Dollar Volume:** $132 million
- **Applications Received:** 537
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $299,072
- **Average Borrower Income:** $117,378

## Safe Rate Awards 🏆

- 💎 **USDA Diamond Champion** (84%)
- ⭐ **Conventional Gold Superstar** (78%)
- ⭐ **FHA Gold Superstar** (78%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (78%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 60/100 | 253 | +0.006% | $1,215 | Strong 😀 |
| FHA | 70/100 | 128 | +0.054% | $1,495 | Strong 😀 |
| VA | 66/100 | 35 | -0.640% | $1,558 | Strong 😀 |
| USDA | 78/100 | 24 | -0.138% | $1,490 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 229 loans, Score: 61/100 (Strong)
- Refinance: 24 loans, Score: 43/100 (Sound)

**FHA:**
- Purchase: 126 loans, Score: 70/100 (Strong)

**VA:**
- Purchase: 35 loans, Score: 67/100 (Strong)

**USDA:**
- Purchase: 24 loans, Score: 78/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 66/100 | 416 | $126M | -0.038% | Strong 😀 |
| Refinance | 41/100 | 26 | $7M | +0.097% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TN | 400 | 0.44% | 83/100 |
| MS | 30 | 0.12% | 54/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Memphis, TN |  | 399 | 90/100 |
| Non |  | 19 | 28/100 |

## Frequently Asked Questions

### What loan types does Patriot Bank offer?

Patriot 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 Patriot Bank offer mortgages?

Patriot Bank offers mortgages in 11 states: AL, AR, FL, GA, LA, MO, MS, NC, TN, UT, WY.

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

Patriot Bank has a pricing score of 87/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.030% below market average.

### What type of lender is Patriot Bank?

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

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

Patriot 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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/patriot-bank

### How to Cite

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

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