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 Cash Out Refi and Home Purchase loans. Clay County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Beckley, and Clarksburg among others. We have data for 4 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
102Origination Dollar Volume (All Markets)
$7,550,000Top 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) | 81 | $6,105,000 | $75,370 | $0 | 0.00% |
Outside of Metro Areas | 18 | $1,190,000 | $66,111 | $0 | 0.00% |
BECKLEY, WV (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
Clarksburg, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 102 | $7,550,000 | $74,020 | $0 | 0.00% |
For 2022, Clay County Bank's most frequently originated type of loan was Conventional, with 102 originations.
Loan Reason
For 2022, Clay County Bank's most frequently cited loan purpose was Cash Out Refi, with 48 originations. The 2nd most popular reason was Home Purchase, with 42 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 102 | $7,550,000 | $74,020 | $0 | 0.00% |
For 2022, Clay County Bank's most frequently cited loan duration was Other, with 102 originations.
Loan Sizing
2022 saw Clay County Bank place emphasis on $100,000 or less loans with 77 originations, totaling $3,605,000 in origination value.
Applicant Income
Clay County Bank lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $100k-150k, with 23 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 102 | $7,550,000 | $74,020 | $0 | 0.00% |
Clay County Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 101 | $7,525,000 | $74,505 | $0 | 0.00% |
Not applicable | 1 | $25,000 | $25,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications99.06%
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 origination97.06%
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 | 102 | $7,550,000 | $74,020 |