The Apple Creek Banking Company Mortgage Rates, Fees & Info
Apple Creek, OHLEI: 254900SJONZGRA3CJM44
Tax ID: 34-0070435
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
The Apple Creek Banking Company is a smaller bank specializing in Home Purchase loans. The Apple Creek Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Wooster, Akron, Norwalk, Canton, and Ashland among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)The Apple Creek Banking Company has an average approval rate when compared to the average across all lenders. They have a below 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
69Origination Dollar Volume (All Markets)
$11,755,000Top 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 |
|---|---|---|---|---|---|
| Wooster, OH (FHA|USDA|VA) | 38 | $7,610,000 | $200,263 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 14 | $1,900,000 | $135,714 | $0 | 0.00% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 9 | $605,000 | $67,222 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 0.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $11,755,000 | $170,362 | $0 | 0.00% |
For 2023, The Apple Creek Banking Company's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2023, The Apple Creek Banking Company's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $11,755,000 | $170,362 | $0 | 0.00% |
For 2023, The Apple Creek Banking Company's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2023 saw The Apple Creek Banking Company place emphasis on $100,000 or less loans with 28 originations, totaling $1,810,000 in origination value.
Applicant Income
The Apple Creek Banking Company lent most frequently to those with incomes in the $50k-75k range, with 8 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $11,755,000 | $170,362 | $0 | 0.00% |
The Apple Creek Banking Company lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 32 | $7,200,000 | $225,000 | $0 | 0.00% |
| Not applicable | 37 | $4,555,000 | $123,108 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.19%
The Apple Creek Banking Company has an average approval rate.
Pick Rate
Approvals leading to origination62.32%
The Apple Creek Banking Company 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 |
|---|---|---|---|
| Exempt | 69 | $11,755,000 | $170,362 |