Bank Of Romney Mortgage Rates, Fees & Info
Romney, WVLEI: 254900IV7U7HAN6U7T54
Tax ID: 55-0267603
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
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.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
224Origination Dollar Volume (All Markets)
$32,670,000Top 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 |
|---|---|---|---|---|---|
| WINCHESTER, VA-WV (FHA|USDA|VA) | 126 | $16,860,000 | $133,810 | $0 | 0.00% |
| Outside of Metro Areas | 68 | $12,850,000 | $188,971 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 30 | $2,960,000 | $98,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 224 | $32,670,000 | $145,848 | $0 | 0.00% |
For 2022, Bank Of Romney's most frequently originated type of loan was Conventional, with 224 originations.
Loan Reason
For 2022, Bank Of Romney's most frequently cited loan purpose was Home Purchase, with 140 originations. The 2nd most popular reason was Refi, with 49 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 224 | $32,670,000 | $145,848 | $0 | 0.00% |
For 2022, Bank Of Romney's most frequently cited loan duration was Other, with 224 originations.
Loan Sizing
2022 saw Bank Of Romney place emphasis on $100,000 or less loans with 98 originations, totaling $5,070,000 in origination value.
Applicant Income
Bank Of Romney lent most frequently to those with incomes in the $50k or less range, with 55 originations. The second most popular income band? $50k-75k, with 53 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 224 | $32,670,000 | $145,848 | $0 | 0.00% |
Bank Of Romney lent most frequently to those with DTI ratios of Exempt%, with 224 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.40%
Bank Of Romney has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination92.41%
Bank Of Romney has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 224 | $32,670,000 | $145,848 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 20.0% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Closing on a mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Conventional home mortgage | Trouble during payment process | 7 | 46.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| BANK OF AMERICA, NATIONAL ASSOCIATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 6.7% |