Oxford Bank Mortgage Rates, Fees & Info
Oxford, MILEI: 5493000VWAG47L29O356
Tax ID: 38-0901520
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Mortgage Data
Review & Overview
Oxford Bank is a smaller bank specializing in Refi loans. Oxford Bank has a high proportion of conventional loans. Their top markets by origination volume include: Detroit, Bay City, Flint, Saginaw, and Lansing among others. We have data for 7 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
42Origination Dollar Volume (All Markets)
$10,230,000Top 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) | 31 | $7,305,000 | $235,645 | $0 | 0.00% |
BAY CITY, MI (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $0 | 0.00% |
FLINT, MI (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $0 | 0.00% |
SAGINAW, MI (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $0 | 0.00% |
LANSING-EAST LANSING, MI (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
Outside of Metro Areas | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 42 | $10,230,000 | $243,571 | $0 | 0.00% |
For 2019, Oxford Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Refi | 27 | $7,015,000 | $259,815 | $0 | 0.00% |
Cash Out Refi | 8 | $1,570,000 | $196,250 | $0 | 0.00% |
Home Purchase | 7 | $1,645,000 | $235,000 | $0 | 0.00% |
For 2019, Oxford Bank's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 42 | $10,230,000 | $243,571 | $0 | 0.00% |
For 2019, Oxford Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2019 saw Oxford Bank place emphasis on $200k-400k loans with 21 originations, totaling $5,555,000 in origination value.
Applicant Income
Oxford Bank lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 42 | $10,230,000 | $243,571 | $0 | 0.00% |
Oxford Bank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 41 | $9,745,000 | $237,683 | $0 | 0.00% |
Not provided | 1 | $485,000 | $485,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications73.17%
Oxford Bank has a below average approval rate.
Pick Rate
Approvals leading to origination76.19%
Oxford Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 42 | $10,230,000 | $243,571 |