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 and Refi loans. Western Ohio Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Cincinnati, Sidney, Lexington, Dayton, and Columbus among others. We have data for 39 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 a low 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
922Origination Dollar Volume (All Markets)
$168,780,000Awards
Western Ohio Mortgage Corporation - 2020
Western Ohio Mortgage Corporation is a 2020 , due to their low .
For 2020, 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) | 303 | $65,595,000 | $216,485 | $4,027 | 3.14% |
| Sidney, OH (FHA|USDA|VA) | 206 | $29,670,000 | $144,029 | $4,736 | 3.30% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 81 | $18,425,000 | $227,469 | $3,764 | 3.23% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 100 | $15,060,000 | $150,600 | $4,557 | 3.16% |
| Outside of Metro Areas | 42 | $6,480,000 | $154,286 | $4,755 | 3.43% |
| COLUMBUS, OH (FHA|USDA|VA) | 23 | $5,605,000 | $243,696 | $4,257 | 3.11% |
| Bellefontaine, OH (FHA|USDA|VA) | 34 | $5,110,000 | $150,294 | $4,742 | 3.25% |
| Wapakoneta, OH (FHA|USDA|VA) | 29 | $4,415,000 | $152,241 | $4,801 | 3.30% |
| Urbana, OH (FHA|USDA|VA) | 14 | $2,440,000 | $174,286 | $5,222 | 3.30% |
| Richmond-Berea, KY (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $4,822 | 3.63% |
| Wilmington, OH (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $3,721 | 3.02% |
| Celina, OH (FHA|USDA|VA) | 8 | $1,180,000 | $147,500 | $4,476 | 3.31% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 8 | $1,160,000 | $145,000 | $4,513 | 2.95% |
| Greenville, OH (FHA|USDA|VA) | 6 | $1,150,000 | $191,667 | $4,483 | 2.90% |
| LIMA, OH (FHA|USDA|VA) | 10 | $1,130,000 | $113,000 | $4,694 | 3.43% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 9 | $1,125,000 | $125,000 | $4,306 | 3.31% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $2,695 | 2.54% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $2,409 | 3.21% |
| AKRON, OH (FHA|USDA|VA) | 6 | $540,000 | $90,000 | $4,119 | 3.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $4,448 | 4.13% |
| Mount Sterling, KY (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $5,341 | 2.83% |
| Washington Court House, OH (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,556 | 2.94% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $5,591 | 2.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,492 | 2.88% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,383 | 2.13% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,133 | 2.88% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,673 | 2.38% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,178 | 3.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $5,319 | 2.81% |
| Danville, KY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,234 | 2.75% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,913 | 2.75% |
| Jackson, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,097 | 2.75% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,184 | 3.50% |
| Middlesborough, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,366 | 3.00% |
| London, KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,083 | 3.38% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,397 | 3.38% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,261 | 4.25% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,257 | 4.13% |
| Marion, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,706 | 4.75% |
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: 153
Similarity Rank: 264
Similarity Rank: 350
Similarity Rank: 396
Similarity Rank: 480
Similarity Rank: 495
Similarity Rank: 595
Similarity Rank: 620
Similarity Rank: 651
Similarity Rank: 708
Product Mix
For 2020, Western Ohio Mortgage Corporation's most frequently originated type of loan was Conventional, with 540 originations. Their 2nd most popular type was FHA, with 177 originations.
Loan Reason
For 2020, Western Ohio Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 573 originations. The 2nd most popular reason was Refi, with 271 originations.
Loan Duration/Length
For 2020, Western Ohio Mortgage Corporation's most frequently cited loan duration was 30 Year, with 823 originations. The 2nd most popular length was 15 Year, with 69 originations.
Origination Fees/Closing Costs
Western Ohio Mortgage Corporation's average total fees were $4,514, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 589 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 388 | $64,170,000 | $165,387 |
| 2.5-3% | 385 | $76,875,000 | $199,675 |
| <2.5% | 74 | $17,940,000 | $242,432 |
| 4-5% | 68 | $9,150,000 | $134,559 |
| 5-6% | 7 | $645,000 | $92,143 |
During 2020, Western Ohio Mortgage Corporation's average interest rate for loans was 3.27%, while their most frequently originated rate bucket for loans was 3-4%, with 388 originations.
Loan Sizing
2020 saw Western Ohio Mortgage Corporation place emphasis on $100k-200k loans with 474 originations, totaling $69,180,000 in origination value.
Applicant Income
Western Ohio Mortgage Corporation lent most frequently to those with incomes in the $50k or less range, with 290 originations. The second most popular income band? $50k-75k, with 254 originations.
Applicant Debt to Income Ratio
Western Ohio Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 223 originations. The next most common DTI ratio? 30-36%, with 181 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.97%
Western Ohio Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.15%
Western Ohio Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $225,000 | $225,000 |
| NA | 921 | $168,555,000 | $183,013 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 15 | $1,775,000 | $118,333 |
| Single Family (1-4 Units):Site-Built | 907 | $167,005,000 | $184,129 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| WESTERN ALLIANCE BANCORPORATION | Other type of mortgage | Trouble during payment process | 1 | 100.0% |