SouthPoint Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
77th4.2% deniedPricingmedian rate spread over APOR, weight 30%
71st0.11 ptsProcesswithdrawn + incomplete share, weight 15%
21st19.4%Closing coststotal loan costs ÷ loan amount, weight 10%
33rd2.36% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,031 | 699 | 11.6% | 14.6% | 6.63% | $210M |
| 2024 | 848 | 620 | 4.8% | 6.2% | 6.50% | $159M |
| 2025 | 834 | 632 | 3.4% | 4.2% | 6.25% | $164M |
What SouthPoint Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 41 investment properties.
Why SouthPoint Bank denies applications
Primary reason reported for each of the 28 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at SouthPoint Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 105 | 78 | 9.1% |
| $50k – $100k | 424 | 320 | 3.2% |
| $100k – $150k | 164 | 124 | 0.8% |
| $150k – $250k | 88 | 70 | 6.7% |
| Over $250k | 32 | 22 | 8.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 89 | 67 | 2.7% |
| 25–34 | 277 | 203 | 4.2% |
| 35–44 | 185 | 147 | 3.3% |
| 45–54 | 108 | 78 | 11.1% |
| 55–64 | 91 | 68 | 2.9% |
| 65–74 | 49 | 38 | 0.0% |
Where SouthPoint Bank lends
5 states and 49 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
SouthPoint Bank denied 4.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 77th percentile of small mortgage lenders.
The most common reason SouthPoint Bank gave in 2025 was "debt-to-income ratio", cited on 25.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans SouthPoint Bank originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.11 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 90% of its applications were for home purchases, 9% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 53% conventional, 39% FHA, 6% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.