The Croghan Colonial Bank Mortgage Rates, Fees & Info

Fremont, OH

LEI: 5493004F1BOBD3SG7P54

Tax ID: 34-1415683

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

The Croghan Colonial Bank is a smaller bank specializing in Home Purchase loans. The Croghan Colonial Bank has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Fremont, Tiffin, Cleveland, and Norwalk among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Croghan Colonial 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.

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Originations

154

Origination Dollar Volume (All Markets)

$36,450,000

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
TOLEDO, OH (FHA|USDA|VA) 59 $17,365,000 $294,322 $0 0.00%
Fremont, OH (FHA|USDA|VA) 46 $7,010,000 $152,391 $0 0.00%
Tiffin, OH (FHA|USDA|VA) 11 $2,685,000 $244,091 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 6 $2,450,000 $408,333 $0 0.00%
Norwalk, OH (FHA|USDA|VA) 11 $2,305,000 $209,545 $0 0.00%
Sandusky, OH (FHA|USDA|VA) 10 $1,700,000 $170,000 $0 0.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 3 $545,000 $181,667 $0 0.00%
Coldwater, MI (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
St. Marys, GA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Findlay, OH (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Bucyrus-Galion, OH (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Outside of Metro Areas 1 $105,000 $105,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
The Croghan Colonial Bank's top markets include Toledo, Fremont, Tiffin, Cleveland, and Norwalk among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against The Croghan Colonial Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Fremont Federal Credit Union
    Similarity Rank: 144
    GLASS CITY Federal Credit Union
    Similarity Rank: 184
    Directions Credit Union, Inc.
    Similarity Rank: 216
    YOUR HOME FINANCIAL LLC
    Similarity Rank: 240
    SUN Federal Credit Union
    Similarity Rank: 328
    The Genoa Banking Company
    Similarity Rank: 400
    The Farmers & Merchants State Bank
    Similarity Rank: 705
    UNION CAPITAL MORTGAGE CORPORATION
    Similarity Rank: 768
    The State Bank and Trust Company
    Similarity Rank: 1610

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $36,450,000 $236,688 $0 0.00%

    For 2024, The Croghan Colonial Bank's most frequently originated type of loan was Conventional, with 154 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 132 $31,270,000 $236,894 $0 0.00%
    Refi 9 $1,495,000 $166,111 $0 0.00%
    Cash Out Refi 7 $1,115,000 $159,286 $0 0.00%
    Home Improvement 3 $2,295,000 $765,000 $0 0.00%
    Other 3 $275,000 $91,667 $0 0.00%

    For 2024, The Croghan Colonial Bank's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 154 $36,450,000 $236,688 $0 0.00%

    For 2024, The Croghan Colonial Bank's most frequently cited loan duration was Other, with 154 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 72 $9,950,000 $138,194 $0 0.00%
    $200k-400k 39 $10,655,000 $273,205 $0 0.00%
    $100,000 or less 26 $1,980,000 $76,154 $0 0.00%
    $400k-600k 9 $3,985,000 $442,778 $0 0.00%
    $1MM+ 5 $7,395,000 $1,479,000 $0 0.00%
    $600k-1MM 3 $2,485,000 $828,333 $0 0.00%

    2024 saw The Croghan Colonial Bank place emphasis on $100k-200k loans with 72 originations, totaling $9,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $3,080,000 $110,000 $0 0.00%
    $100k-150k 26 $6,310,000 $242,692 $0 0.00%
    $50k-75k 25 $3,045,000 $121,800 $0 0.00%
    $75k-100k 20 $2,920,000 $146,000 $0 0.00%
    $150k-250k 18 $4,740,000 $263,333 $0 0.00%
    $250k+ 11 $5,385,000 $489,545 $0 0.00%

    The Croghan Colonial Bank lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 154 $36,450,000 $236,688 $0 0.00%

    The Croghan Colonial Bank lent most frequently to those with DTI ratios of Exempt%, with 154 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $26,840,000 $206,462 $0 0.00%
    Not applicable 19 $8,815,000 $463,947 $0 0.00%
    Black 3 $415,000 $138,333 $0 0.00%
    American Indian 1 $235,000 $235,000 $0 0.00%
    Not provided 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.71%

    The Croghan Colonial Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.13%

    The Croghan Colonial Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 154 $36,450,000 $236,688

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    154 $36,450,000 $236,688