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 and Cash Out Refi loans. The Grant County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Morgantown, Cumberland, Elkins, Clarksburg, and Hagerstown among others. We have data for 10 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
145Origination Dollar Volume (All Markets)
$30,535,000Top 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 | 76 | $14,010,000 | $184,342 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 14 | $7,030,000 | $502,143 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 26 | $4,370,000 | $168,077 | $0 | 0.00% |
| Elkins, WV (FHA|USDA|VA) | 15 | $1,965,000 | $131,000 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 3 | $1,535,000 | $511,667 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 145 | $30,535,000 | $210,586 | $0 | 0.00% |
For 2022, The Grant County Bank's most frequently originated type of loan was Conventional, with 145 originations.
Loan Reason
For 2022, The Grant County Bank's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Cash Out Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 145 | $30,535,000 | $210,586 | $0 | 0.00% |
For 2022, The Grant County Bank's most frequently cited loan duration was Other, with 145 originations.
Loan Sizing
2022 saw The Grant County Bank place emphasis on $100,000 or less loans with 58 originations, totaling $3,450,000 in origination value.
Applicant Income
The Grant County Bank lent most frequently to those with incomes in the $50k-75k range, with 27 originations. The second most popular income band? $50k or less, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 145 | $30,535,000 | $210,586 | $0 | 0.00% |
The Grant County Bank lent most frequently to those with DTI ratios of Exempt%, with 145 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.21%
The Grant County Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.52%
The Grant County Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 145 | $30,535,000 | $210,586 |