Belmont Savings Bank Mortgage Rates, Fees & Info
Bellaire, OHLEI: 5493002LFCYKY0EGSQ80
Tax ID: 34-0092790
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Mortgage Data
Review & Overview
Belmont Savings Bank is a smaller bank specializing in Home Purchase loans. Belmont Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wheeling, Weirton, Pittsburgh, Morgantown, and Cambridge among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Belmont Savings 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
258Origination Dollar Volume (All Markets)
$40,620,000Top 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 |
|---|---|---|---|---|---|
| WHEELING, WV-OH (FHA|USDA|VA) | 203 | $29,925,000 | $147,414 | $0 | 0.00% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 14 | $1,940,000 | $138,571 | $0 | 0.00% |
| Outside of Metro Areas | 14 | $1,890,000 | $135,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 4 | $1,570,000 | $392,500 | $0 | 0.00% |
| Cambridge, OH (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $0 | 0.00% |
| Coshocton, OH (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Zanesville, OH (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Belmont Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 258 | $40,620,000 | $157,442 | $0 | 0.00% |
For 2023, Belmont Savings Bank's most frequently originated type of loan was Conventional, with 258 originations.
Loan Reason
For 2023, Belmont Savings Bank's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 258 | $40,620,000 | $157,442 | $0 | 0.00% |
For 2023, Belmont Savings Bank's most frequently cited loan duration was Other, with 258 originations.
Loan Sizing
2023 saw Belmont Savings Bank place emphasis on $100,000 or less loans with 111 originations, totaling $6,545,000 in origination value.
Applicant Income
Belmont Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 53 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 258 | $40,620,000 | $157,442 | $0 | 0.00% |
Belmont Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 258 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.56%
Belmont Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.11%
Belmont Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 258 | $40,620,000 | $157,442 |