The Grant County Bank Mortgage Rates, Fees & Info
PETERSBURG, WVLEI: 254900FAEHPIBKT6SS85
Tax ID: 55-0181210
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Grant County Bank is a smaller bank specializing in Home Purchase loans. The Grant County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Morgantown, Cumberland, Hagerstown, Elkins, and Washington among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)The Grant County 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
130Origination Dollar Volume (All Markets)
$18,520,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 87 | $11,135,000 | $127,989 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 13 | $2,445,000 | $188,077 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 12 | $1,650,000 | $137,500 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $1,170,000 | $195,000 | $0 | 0.00% |
| Elkins, WV (FHA|USDA|VA) | 7 | $1,015,000 | $145,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 130 | $18,520,000 | $142,462 | $0 | 0.00% |
For 2023, The Grant County Bank's most frequently originated type of loan was Conventional, with 130 originations.
Loan Reason
For 2023, The Grant County Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Other, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 130 | $18,520,000 | $142,462 | $0 | 0.00% |
For 2023, The Grant County Bank's most frequently cited loan duration was Other, with 130 originations.
Loan Sizing
2023 saw The Grant County Bank place emphasis on $100,000 or less loans with 51 originations, totaling $2,605,000 in origination value.
Applicant Income
The Grant County Bank lent most frequently to those with incomes in the $50k or less range, with 21 originations. The second most popular income band? $75k-100k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 130 | $18,520,000 | $142,462 | $0 | 0.00% |
The Grant County Bank lent most frequently to those with DTI ratios of Exempt%, with 130 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.53%
The Grant County Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.31%
The Grant County Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 130 | $18,520,000 | $142,462 |