Clay County Bank Mortgage Rates, Fees & Info

Clay, WV

LEI: 2549003VO95NGF435U70

Tax ID: 55-0145530

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    102

    Origination Dollar Volume (All Markets)

    $7,550,000

    Top 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%
    Clay County Bank's top markets include Charleston, Beckley, and Clarksburg among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)

    • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 48 $4,040,000 $84,167 $0 0.00%
    Home Purchase 42 $3,200,000 $76,190 $0 0.00%
    Other 9 $255,000 $28,333 $0 0.00%
    Home Improvement 3 $55,000 $18,333 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $3,605,000 $46,818 $0 0.00%
    $100k-200k 19 $2,475,000 $130,263 $0 0.00%
    $200k-400k 6 $1,470,000 $245,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $1,350,000 $45,000 $0 0.00%
    $100k-150k 23 $2,575,000 $111,957 $0 0.00%
    $50k-75k 23 $1,315,000 $57,174 $0 0.00%
    $75k-100k 17 $1,535,000 $90,294 $0 0.00%
    $150k-250k 7 $505,000 $72,143 $0 0.00%
    $250k+ 1 $245,000 $245,000 $0 0.00%

    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 applications
    99.06%

    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 origination
    97.06%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    102 $7,550,000 $74,020