Belmont Savings Bank Mortgage Rates, Fees & Info

Bellaire, OH

LEI: 5493002LFCYKY0EGSQ80

Tax ID: 34-0092790

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

Review & Overview

Belmont Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Belmont Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wheeling, Weirton, Pittsburgh, Cambridge, and Columbus among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Belmont Savings Bank has an above 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

250

Origination Dollar Volume (All Markets)

$47,070,000

Top 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) 205 $34,305,000 $167,341 $0 0.00%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 15 $3,105,000 $207,000 $0 0.00%
Outside of Metro Areas 7 $2,885,000 $412,143 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 3 $2,235,000 $745,000 $0 0.00%
Cambridge, OH (FHA|USDA|VA) 6 $1,330,000 $221,667 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 3 $1,095,000 $365,000 $0 0.00%
Urbana, OH (FHA|USDA|VA) 1 $555,000 $555,000 $0 0.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
Coshocton, OH (FHA|USDA|VA) 4 $350,000 $87,500 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
COLUMBIA, SC (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
AKRON, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
MORGANTOWN, WV (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Belmont Savings Bank's top markets include Wheeling, Weirton, Pittsburgh, Cambridge, and Columbus among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    Community Bank
    Similarity Rank: 80
    BAYER HERITAGE
    Similarity Rank: 290
    United Bank
    Similarity Rank: 606
    DEVELOPER'S MORTGAGE COMPANY
    Similarity Rank: 1620
    WesBanco
    Similarity Rank: 1845
    Mortgage Research Center, LLC
    Similarity Rank: 2778
    Truist
    Similarity Rank: 8414
    The Huntington National Bank
    Similarity Rank: 10564
    JPMorgan Chase Bank
    Similarity Rank: 12306

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 250 $47,070,000 $188,280 $0 0.00%

    For 2022, Belmont Savings Bank's most frequently originated type of loan was Conventional, with 250 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 121 $19,555,000 $161,612 $0 0.00%
    Home Purchase 119 $26,445,000 $222,227 $0 0.00%
    Home Improvement 5 $245,000 $49,000 $0 0.00%
    Other 5 $825,000 $165,000 $0 0.00%

    For 2022, Belmont Savings Bank's most frequently cited loan purpose was Refi, with 121 originations. The 2nd most popular reason was Home Purchase, with 119 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 250 $47,070,000 $188,280 $0 0.00%

    For 2022, Belmont Savings Bank's most frequently cited loan duration was Other, with 250 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 88 $12,850,000 $146,023 $0 0.00%
    $100,000 or less 85 $5,575,000 $65,588 $0 0.00%
    $200k-400k 58 $16,300,000 $281,034 $0 0.00%
    $400k-600k 14 $6,870,000 $490,714 $0 0.00%
    $600k-1MM 3 $2,315,000 $771,667 $0 0.00%
    $1MM+ 2 $3,160,000 $1,580,000 $0 0.00%

    2022 saw Belmont Savings Bank place emphasis on $100k-200k loans with 88 originations, totaling $12,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $10,115,000 $190,849 $0 0.00%
    $50k-75k 48 $7,510,000 $156,458 $0 0.00%
    $75k-100k 35 $5,425,000 $155,000 $0 0.00%
    $50k or less 32 $2,590,000 $80,938 $0 0.00%
    $150k-250k 31 $9,605,000 $309,839 $0 0.00%
    $250k+ 11 $6,535,000 $594,091 $0 0.00%

    Belmont Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $50k-75k, with 48 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 250 $47,070,000 $188,280 $0 0.00%

    Belmont Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 250 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 206 $41,750,000 $202,670 $0 0.00%
    Not applicable 36 $4,280,000 $118,889 $0 0.00%
    Black 8 $1,040,000 $130,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.13%

    Belmont Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.80%

    Belmont Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 250 $47,070,000 $188,280

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    250 $47,070,000 $188,280