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SouthPoint Bank

Bank•Birmingham, ALHQ•Direct•Reviews near you on Google

We analyzed every closed loan from SouthPoint Bank — 526 loans across 727 applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Safe Rate Ratings· each scored 1–5 against peer lenders
Pricing
Sound
3/5
vs. all lenders
Pull-through
Strong
4/5
closing strength
Product
Strong
4/5
FHA · Conventional · VA · USDA
Place
Strong
4/5
Multi-Region · 6 mkts
Safe Rate Awards
FHA Superstar
FHA
Superstar
Purchase Superstar
Purchase
Superstar

Safe Rate Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA and USDA loans

Explore another lender or local market

Report Card

SouthPoint Bank performance at a glance

Overall Performance· Pricing & closing strength
Pricing
Rate competitiveness
Sound
+21.9 bps above market avg
Pull Through
Closing strength
Strong
Top 40% of lenders
By Loan Product· Specialization by type
Conventional
Strong
Top 40% of lenders
FHA
Strong
Top 40% of lenders
VA
Strong
Top 40% of lenders
USDA
Strong
Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase
Strong
Top 40% of lenders
Refinance
Acceptable
Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach
Multi-Regional · 7 markets
Strong
Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Conventional
Overall
Sound
Product
Strong
Pricing
Acceptable
Pull Through
Sound
Volume261
Mix49.6%
Spread
+0.178%Above
Fees
$3,059Fees
FHA Loans
Overall
Strong
Product
Strong
Pricing
Strong
Pull Through
Strong
Volume210
Mix39.9%
Spread
+0.394%Above
Fees
$937Fees
VA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume33
Mix6.3%
Spread
-0.192%Below
Fees
$3,050Fees
USDA Loans
Overall
Strong
Product
Strong
Pricing—
Pull Through
Strong
Volume19
Mix3.6%
Spread
-0.033%Below
Fees
$1,108Fees

Loan Purpose Performance

Performance by Loan Purpose

Purchase
Overall
Strong
Product
Strong
Pricing
Sound
Pull Through
Strong
Volume500
Mix95.1%
Spread
+0.225%Above
Fees
$2,194Fees
Refinance
Overall
Acceptable
Product
Acceptable
Pricing
Mediocre
Pull Through
Sound
Volume26
Mix4.9%
Spread
+0.148%Above
Fees
$4,411Fees

At a Glance

Lender Overview

Lending Activity
Loans Originated
526
Applications
727
Volume
$142 million
Pricing & Closing
Avg Rate Spread
+0.219%
vs. market APOR
Avg Net Fees
$2,381
Origination − Credits
Pullthrough Rate
72.4%
Applications → Closed
Typical Borrower
Avg Loan Amount
$271,122
Avg Borrower Income
$104,221
Avg Property Value
$327,129

Geographic Coverage

Geographic Performance

Metro Areas
6
markets with activity
States Served
6
of 50 states + DC
Avg Place Specialization
Strong
4/5

States with Loan Originations

6
6 states with loan originationsAlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington, DCDelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming
South5
ALFLGAMSTN
West1
AZ

Top Metro Areas by Place Specialization Score

1© Eric in SF · CC BY-SA 3.0
Birmingham, ALMetro
Volume 289Mix 54.94% of portfolio
95/100
Exceptional
2© Dan · CC BY 2.0
Decatur, ALMetro
Volume 71Mix 13.50% of portfolio
91/100
Exceptional
3© Rivers Langley; SaveRivers · CC BY-SA 3.0
Anniston, ALMetro
Volume 52Mix 9.89% of portfolio
87/100
Exceptional
4© James Willamor · CC BY-SA 3.0
Montgomery, ALMetro
Volume 25Mix 4.75% of portfolio
59/100
Sound
5© Unknown authorUnknown author · Public domain
Huntsville, ALMetro
Volume 15Mix 2.85% of portfolio
48/100
Sound
6© Prestinian at en.wikipedia · Public domain
Gadsden, ALMetro
Volume 10Mix 1.90% of portfolio
43/100
Sound

Top States by Place Specialization Score

Alabama
Alabama
1
AlabamaState
Volume 516Mix 98.10% of portfolio
90/100
Exceptional

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts
Pricing
Rate and fee competitiveness (33%)
10/ 30 pts
Pull Through
Reliability in closing loans (33%)
10/ 30 pts
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.
No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.
HMDA 2024Built using publicly available originated loan data from the federal government.
Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.