Oxford Bank Mortgage Rates, Fees & Info
Oxford, MILEI: 5493000VWAG47L29O356
Tax ID: 38-0901520
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Oxford Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Oxford Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Flint, Saginaw, Midland, and Lansing among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Oxford Bank 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
175Origination Dollar Volume (All Markets)
$34,295,000Top 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 |
---|---|---|---|---|---|
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 117 | $24,155,000 | $206,453 | $0 | 0.00% |
FLINT, MI (FHA|USDA|VA) | 12 | $2,850,000 | $237,500 | $0 | 0.00% |
SAGINAW, MI (FHA|USDA|VA) | 10 | $2,010,000 | $201,000 | $0 | 0.00% |
Outside of Metro Areas | 13 | $1,685,000 | $129,615 | $0 | 0.00% |
MIDLAND, MI (FHA|USDA|VA) | 6 | $1,470,000 | $245,000 | $0 | 0.00% |
LANSING-EAST LANSING, MI (FHA|USDA|VA) | 12 | $1,220,000 | $101,667 | $0 | 0.00% |
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
BAY CITY, MI (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
ANN ARBOR, MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
For 2018, Oxford Bank's most frequently originated type of loan was Conventional, with 155 originations. Their 2nd most popular type was FHA, with 12 originations.
Loan Reason
For 2018, Oxford Bank's most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 175 | $34,295,000 | $195,971 | $0 | 0.00% |
For 2018, Oxford Bank's most frequently cited loan duration was Other, with 175 originations.
Loan Sizing
2018 saw Oxford Bank place emphasis on $100k-200k loans with 72 originations, totaling $10,220,000 in origination value.
Applicant Income
Oxford Bank lent most frequently to those with incomes in the $50k-75k range, with 53 originations. The second most popular income band? $50k or less, with 37 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 175 | $34,295,000 | $195,971 | $0 | 0.00% |
Oxford Bank lent most frequently to those with DTI ratios of Exempt%, with 175 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.87%
Oxford Bank has a below average approval rate.
Pick Rate
Approvals leading to origination74.29%
Oxford Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 175 | $34,295,000 | $195,971 |