Western Ohio Mortgage Corporation Rates, Fees & Info
Quincy, OHLEI: 254900OCB5PJQMM6LU72
Tax ID: 31-1640871
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Western Ohio Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. They have a a high proportion of FHA loans. Western Ohio Mortgage Corporation has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Lexington, Sidney, Dayton, and Mount Sterling among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)Western Ohio Mortgage Corporation 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. Western Ohio Mortgage Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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
433Origination Dollar Volume (All Markets)
$63,675,000Awards
Western Ohio Mortgage Corporation - 2018
Western Ohio Mortgage Corporation is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for Western Ohio Mortgage Corporation?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 124 | $20,870,000 | $168,306 | $5,678 | 4.90% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 56 | $10,170,000 | $181,607 | $5,665 | 4.84% |
| Sidney, OH (FHA|USDA|VA) | 72 | $8,650,000 | $120,139 | $4,789 | 4.76% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 28 | $3,800,000 | $135,714 | $4,873 | 4.79% |
| Mount Sterling, KY (FHA|USDA|VA) | 25 | $2,915,000 | $116,600 | $5,031 | 5.10% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 22 | $2,730,000 | $124,091 | $5,802 | 4.93% |
| Outside of Metro Areas | 19 | $2,695,000 | $141,842 | $5,760 | 4.84% |
| Richmond-Berea, KY (FHA|USDA|VA) | 11 | $1,905,000 | $173,182 | $5,161 | 5.15% |
| Bellefontaine, OH (FHA|USDA|VA) | 17 | $1,665,000 | $97,941 | $4,861 | 4.76% |
| Danville, KY (FHA|USDA|VA) | 12 | $1,280,000 | $106,667 | $5,366 | 4.86% |
| Wapakoneta, OH (FHA|USDA|VA) | 6 | $950,000 | $158,333 | $5,538 | 4.65% |
| Frankfort, KY (FHA|USDA|VA) | 5 | $855,000 | $171,000 | $4,184 | 5.15% |
| AKRON, OH (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $5,148 | 4.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 5 | $815,000 | $163,000 | $6,371 | 4.93% |
| Greenville, OH (FHA|USDA|VA) | 7 | $645,000 | $92,143 | $4,576 | 5.07% |
| Wilmington, OH (FHA|USDA|VA) | 4 | $590,000 | $147,500 | $5,122 | 4.94% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,589 | 4.75% |
| Urbana, OH (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $5,861 | 4.71% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $3,972 | 4.75% |
| Bedford, IN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $4,132 | 4.75% |
| Ashtabula, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,510 | 5.00% |
| Celina, OH (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $4,740 | 5.13% |
| Wooster, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,523 | 4.75% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,726 | 5.00% |
| LIMA, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,034 | 4.75% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,668 | 5.25% |
Similar Lenders
We use machine learning to identify the top lenders compared against Western Ohio Mortgage Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 90
Similarity Rank: 120
Similarity Rank: 144
Similarity Rank: 172
Similarity Rank: 190
Similarity Rank: 224
Similarity Rank: 224
Similarity Rank: 235
Similarity Rank: 315
Similarity Rank: 324
Product Mix
For 2018, Western Ohio Mortgage Corporation's most frequently originated type of loan was FHA, with 175 originations. Their 2nd most popular type was Conventional, with 139 originations.
Loan Reason
For 2018, Western Ohio Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 409 originations. The 2nd most popular reason was Cash Out Refi, with 15 originations.
Loan Duration/Length
For 2018, Western Ohio Mortgage Corporation's most frequently cited loan duration was 30 Year, with 425 originations. The 2nd most popular length was 15 Year, with 6 originations.
Origination Fees/Closing Costs
Western Ohio Mortgage Corporation's average total fees were $5,340, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 318 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 295 | $44,235,000 | $149,949 |
| 5-6% | 117 | $15,495,000 | $132,436 |
| 3-4% | 16 | $3,190,000 | $199,375 |
| 6-7% | 2 | $220,000 | $110,000 |
During 2018, Western Ohio Mortgage Corporation's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 4-5%, with 295 originations.
Loan Sizing
2018 saw Western Ohio Mortgage Corporation place emphasis on $100k-200k loans with 231 originations, totaling $32,495,000 in origination value.
Applicant Income
Western Ohio Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 178 originations. The second most popular income band? $50k-75k, with 145 originations.
Applicant Debt to Income Ratio
Western Ohio Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 9 originations. The next most common DTI ratio? 30-36%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.22%
Western Ohio Mortgage Corporation has an average approval rate.
Pick Rate
Approvals leading to origination64.90%
Western Ohio Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 433 | $63,675,000 | $147,055 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 6 | $600,000 | $100,000 |
| Single Family (1-4 Units):Site-Built | 427 | $63,075,000 | $147,717 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN OHIO MORTGAGE | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |