The Croghan Colonial Bank Mortgage Rates, Fees & Info
Fremont, OHLEI: 5493004F1BOBD3SG7P54
Tax ID: 34-1415683
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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, Norwalk, Tiffin, and Sandusky 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. The Croghan Colonial Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/23/24 |
| 30 Year Conventional Purchase | 6.73% | 11/23/24 |
| 30 Year Conventional Refi | 6.43% | 11/23/24 |
| 30 Year Cash-out Refi | 7.06% | 11/23/24 |
| 30 Year FHA Purchase | 6.27% | 11/23/24 |
| 30 Year VA Purchase | 6.27% | 11/23/24 |
| 30 Year USDA Purchase | 6.27% | 11/23/24 |
| 15 Year Conventional Purchase | 6.60% | 11/23/24 |
| 15 Year Conventional Refi | 6.23% | 11/23/24 |
| 15 Year Cash-out Refi | 6.23% | 11/23/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Croghan Colonial Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
274Origination Dollar Volume (All Markets)
$64,500,000Awards
The Croghan Colonial Bank - 2022
The Croghan Colonial Bank is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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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) | 115 | $39,095,000 | $339,957 | $4,165 | 4.89% |
| Fremont, OH (FHA|USDA|VA) | 85 | $12,935,000 | $152,176 | $3,407 | 4.74% |
| Norwalk, OH (FHA|USDA|VA) | 19 | $2,895,000 | $152,368 | $3,584 | 4.83% |
| Tiffin, OH (FHA|USDA|VA) | 25 | $2,725,000 | $109,000 | $2,979 | 4.70% |
| Sandusky, OH (FHA|USDA|VA) | 12 | $2,040,000 | $170,000 | $3,655 | 4.78% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $5,054 | 5.47% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $3,862 | 5.01% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $5,129 | 5.08% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $3,437 | 5.25% |
| MONROE, MI (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 4.10% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,976 | 3.63% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,088 | 5.38% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,445 | 3.88% |
| Findlay, OH (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $2,609 | 5.69% |
| Ashland, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,082 | 5.13% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 273 | $64,345,000 | $235,696 | $3,707 | 4.82% |
| HELOC | 1 | $155,000 | $155,000 | n/a | 6.00% |
For 2022, The Croghan Colonial Bank's most frequently originated type of loan was Conventional, with 273 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2022, The Croghan Colonial Bank's most frequently cited loan purpose was Home Purchase, with 197 originations. The 2nd most popular reason was Refi, with 35 originations.
Loan Duration/Length
For 2022, The Croghan Colonial Bank's most frequently cited loan duration was 30 Year, with 161 originations. The 2nd most popular length was 10 Year, with 64 originations.
Origination Fees/Closing Costs
The Croghan Colonial Bank's average total fees were $3,881, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 150 originations.
Interest Rates
During 2022, The Croghan Colonial Bank's average interest rate for loans was 5.04%, while their most frequently originated rate bucket for loans was 5-6%, with 90 originations.
Loan Sizing
2022 saw The Croghan Colonial Bank place emphasis on $100k-200k loans with 114 originations, totaling $16,340,000 in origination value.
Applicant Income
The Croghan Colonial Bank lent most frequently to those with incomes in the $50k-75k range, with 56 originations. The second most popular income band? $50k or less, with 55 originations.
Applicant Debt to Income Ratio
The Croghan Colonial Bank lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? 30-36%, with 44 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.32%
The Croghan Colonial Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.39%
The Croghan Colonial Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $35,000 | $35,000 |
| NA | 273 | $64,465,000 | $236,136 |