Covington Savings And Loan Association Mortgage Rates, Fees & Info

Covington, OH

LEI: 2549009FXR8PWETMRA43

Tax ID: 31-0251340

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

    Covington Savings And Loan Association is a smaller mortgage company specializing in Home Purchase and Refi loans. Covington Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Dayton, Greenville, and Springfield among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Covington Savings And Loan Association 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

    46

    Origination Dollar Volume (All Markets)

    $7,330,000

    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
    DAYTON-KETTERING, OH (FHA|USDA|VA) 37 $5,815,000 $157,162 $0 0.00%
    Greenville, OH (FHA|USDA|VA) 8 $1,380,000 $172,500 $0 0.00%
    SPRINGFIELD, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Covington Savings And Loan Association's top markets include Dayton, Greenville, and Springfield among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 46 $7,330,000 $159,348 $0 0.00%

    For 2022, Covington Savings And Loan Association's most frequently originated type of loan was Conventional, with 46 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 30 $4,930,000 $164,333 $0 0.00%
    Refi 11 $1,695,000 $154,091 $0 0.00%
    Other 4 $540,000 $135,000 $0 0.00%
    Home Improvement 1 $165,000 $165,000 $0 0.00%

    For 2022, Covington Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 46 $7,330,000 $159,348 $0 0.00%

    For 2022, Covington Savings And Loan Association's most frequently cited loan duration was Other, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 23 $3,355,000 $145,870 $0 0.00%
    $100,000 or less 14 $920,000 $65,714 $0 0.00%
    $200k-400k 8 $2,490,000 $311,250 $0 0.00%
    $400k-600k 1 $565,000 $565,000 $0 0.00%

    2022 saw Covington Savings And Loan Association place emphasis on $100k-200k loans with 23 originations, totaling $3,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 15 $1,845,000 $123,000 $0 0.00%
    $75k-100k 12 $2,060,000 $171,667 $0 0.00%
    $100k-150k 6 $940,000 $156,667 $0 0.00%
    $150k-250k 4 $1,390,000 $347,500 $0 0.00%
    $50k or less 3 $235,000 $78,333 $0 0.00%
    $250k+ 1 $125,000 $125,000 $0 0.00%

    Covington Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $75k-100k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 46 $7,330,000 $159,348 $0 0.00%

    Covington Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 46 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 43 $7,185,000 $167,093 $0 0.00%
    Not applicable 2 $110,000 $55,000 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.57%

    Covington Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.65%

    Covington Savings And Loan Association 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 46 $7,330,000 $159,348

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    46 $7,330,000 $159,348