Clay County Bank Mortgage Rates, Fees & Info
Clay, WVLEI: 2549003VO95NGF435U70
Tax ID: 55-0145530
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Clay County Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Clay County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Beckley, Point Pleasant, and Parkersburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Clay County Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
98Origination Dollar Volume (All Markets)
$7,330,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CHARLESTON, WV (FHA|USDA|VA) | 76 | $5,150,000 | $67,763 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $1,335,000 | $102,692 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 7 | $575,000 | $82,143 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 98 | $7,330,000 | $74,796 | $0 | 0.00% |
For 2023, Clay County Bank's most frequently originated type of loan was Conventional, with 98 originations.
Loan Reason
For 2023, Clay County Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $7,330,000 | $74,796 | $0 | 0.00% |
For 2023, Clay County Bank's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2023 saw Clay County Bank place emphasis on $100,000 or less loans with 73 originations, totaling $3,335,000 in origination value.
Applicant Income
Clay County Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k or less, with 25 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $7,330,000 | $74,796 | $0 | 0.00% |
Clay County Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 96 | $7,080,000 | $73,750 | $0 | 0.00% |
| Not applicable | 2 | $250,000 | $125,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.14%
Clay County Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination95.92%
Clay County Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $7,330,000 | $74,796 |