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
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Mortgage Data
Review & Overview
The Apple Creek Banking Company is a smaller bank specializing in Home Purchase and Refi loans. The Apple Creek Banking Company has a high proportion of conventional loans. The Apple Creek Banking Company has a low ratio of conventional loans. Their top markets by origination volume include: Wooster, Ashland, Canton, Akron, and Cleveland 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.
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Originations
84Origination Dollar Volume (All Markets)
$17,210,000Top 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) | 49 | $9,895,000 | $201,939 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 8 | $2,330,000 | $291,250 | $0 | 0.00% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 13 | $1,835,000 | $141,154 | $731 | 6.25% |
| AKRON, OH (FHA|USDA|VA) | 4 | $1,410,000 | $352,500 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $1,095,000 | $219,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| Sandusky, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $17,065,000 | $205,602 | $0 | 0.00% |
| Conventional | 1 | $145,000 | $145,000 | $731 | 6.25% |
For 2022, The Apple Creek Banking Company's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was Conventional, with 1 originations.
Loan Reason
For 2022, The Apple Creek Banking Company's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $17,210,000 | $204,881 | $731 | 6.25% |
For 2022, The Apple Creek Banking Company's most frequently cited loan duration was Other, with 84 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $145,000 | $145,000 |
The Apple Creek Banking Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1 | $145,000 | $145,000 |
During 2022, The Apple Creek Banking Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 1 originations.
Loan Sizing
2022 saw The Apple Creek Banking Company place emphasis on $100,000 or less loans with 29 originations, totaling $1,675,000 in origination value.
Applicant Income
The Apple Creek Banking Company lent most frequently to those with incomes in the $75k-100k range, with 13 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 83 | $17,065,000 | $205,602 | $0 | 0.00% |
| <20% | 1 | $145,000 | $145,000 | $731 | 6.25% |
The Apple Creek Banking Company lent most frequently to those with DTI ratios of Exempt%, with 83 originations. The next most common DTI ratio? <20%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.18%
The Apple Creek Banking Company has an average approval rate.
Pick Rate
Approvals leading to origination73.81%
The Apple Creek Banking Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 83 | $17,065,000 | $205,602 |
| NA | 1 | $145,000 | $145,000 |