Bank Of Romney Mortgage Rates, Fees & Info
Romney, WVLEI: 254900IV7U7HAN6U7T54
Tax ID: 55-0267603
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Romney is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Romney has a high proportion of conventional loans. Their top two markets are Winchester and Hagerstown .Bank Of Romney 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
95Origination Dollar Volume (All Markets)
$14,835,000Top 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 | 24 | $7,050,000 | $293,750 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 61 | $6,695,000 | $109,754 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 10 | $1,090,000 | $109,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $14,835,000 | $156,158 | $0 | 0.00% |
For 2024, Bank Of Romney's most frequently originated type of loan was Conventional, with 95 originations.
Loan Reason
For 2024, Bank Of Romney's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 95 | $14,835,000 | $156,158 | $0 | 0.00% |
For 2024, Bank Of Romney's most frequently cited loan duration was Other, with 95 originations.
Loan Sizing
2024 saw Bank Of Romney place emphasis on $100,000 or less loans with 51 originations, totaling $2,835,000 in origination value.
Applicant Income
Bank Of Romney lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 21 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 95 | $14,835,000 | $156,158 | $0 | 0.00% |
Bank Of Romney lent most frequently to those with DTI ratios of Exempt%, with 95 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.69%
Bank Of Romney has an average approval rate.
Pick Rate
Approvals leading to origination90.53%
Bank Of Romney has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 95 | $14,835,000 | $156,158 |