Fayette County National Bank Mortgage Rates, Fees & Info
Fayetteville, WVLEI: 2549005QV7K44ND43364
Tax ID: 55-0169036
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Mortgage Data
Review & Overview
Fayette County National Bank is a smaller bank specializing in Home Purchase and Refi loans. Fayette County National Bank has a high proportion of conventional loans. Their top (well, only) market is Beckley.Fayette County National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
88Origination Dollar Volume (All Markets)
$7,540,000Top 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 |
|---|---|---|---|---|---|
| BECKLEY, WV (FHA|USDA|VA) | 77 | $6,865,000 | $89,156 | $0 | 0.00% |
| Outside of Metro Areas | 11 | $675,000 | $61,364 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $7,540,000 | $85,682 | $0 | 0.00% |
For 2023, Fayette County National Bank's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2023, Fayette County National Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 88 | $7,540,000 | $85,682 | $0 | 0.00% |
For 2023, Fayette County National Bank's most frequently cited loan duration was Other, with 88 originations.
Loan Sizing
2023 saw Fayette County National Bank place emphasis on $100,000 or less loans with 64 originations, totaling $3,500,000 in origination value.
Applicant Income
Fayette County National Bank lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 88 | $7,540,000 | $85,682 | $0 | 0.00% |
Fayette County National Bank lent most frequently to those with DTI ratios of Exempt%, with 88 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 85 | $7,185,000 | $84,529 | $0 | 0.00% |
| Not applicable | 2 | $280,000 | $140,000 | $0 | 0.00% |
| Black | 1 | $75,000 | $75,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications94.69%
Fayette County National Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.95%
Fayette County National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 88 | $7,540,000 | $85,682 |