Chemecal Bank Mortgage Rates, Fees & Info
Troy, MILEI: 5493004P4H8ZQPCUJ047
Tax ID: 38-0415896
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Mortgage Data
Review & Overview
Chemecal Bank is a small bank specializing in Home Purchase loans. Chemecal Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Grand Rapids, Traverse City, Cincinnati, and Flint among others. We have data for 161 markets. (Some data included below & more in-depth data is available with an active subscription.)Chemecal 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. Chemecal 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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Originations
9,900Origination Dollar Volume (All Markets)
$1,836,440,000Awards
CHEMECAL BANK - 2018
CHEMECAL BANK is a 2018 , due to their low .
For 2018, 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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1,869 | $488,185,000 | $261,201 | $2,794 | 4.55% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1,235 | $245,785,000 | $199,016 | $2,061 | 4.52% |
| Outside of Metro Areas | 1,669 | $223,505,000 | $133,916 | $1,860 | 4.52% |
| Traverse City, MI (FHA|USDA|VA) | 514 | $132,070,000 | $256,946 | $2,238 | 4.53% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 442 | $100,660,000 | $227,738 | $3,661 | 4.70% |
| FLINT, MI (FHA|USDA|VA) | 260 | $48,380,000 | $186,077 | $2,943 | 4.66% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 270 | $48,290,000 | $178,852 | $3,710 | 4.69% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 326 | $46,420,000 | $142,393 | $3,452 | 4.85% |
| Holland, MI (FHA|USDA|VA) | 234 | $39,540,000 | $168,974 | $2,266 | 4.60% |
| NILES, MI (FHA|USDA|VA) | 175 | $32,585,000 | $186,200 | $2,080 | 4.48% |
| ANN ARBOR, MI (FHA|USDA|VA) | 99 | $32,175,000 | $325,000 | $3,301 | 4.32% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 306 | $29,450,000 | $96,242 | $2,304 | 4.59% |
| MIDLAND, MI (FHA|USDA|VA) | 179 | $27,935,000 | $156,061 | $1,918 | 4.40% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 138 | $23,070,000 | $167,174 | $1,728 | 4.60% |
| Cadillac, MI (FHA|USDA|VA) | 202 | $22,110,000 | $109,455 | $1,731 | 4.54% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 97 | $19,555,000 | $201,598 | $2,143 | 4.67% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 90 | $17,300,000 | $192,222 | $1,938 | 4.50% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 197 | $15,635,000 | $79,365 | $3,031 | 5.22% |
| SAGINAW, MI (FHA|USDA|VA) | 103 | $15,295,000 | $148,495 | $1,838 | 4.42% |
| Big Rapids, MI (FHA|USDA|VA) | 131 | $14,945,000 | $114,084 | $1,531 | 4.56% |
| BAY CITY, MI (FHA|USDA|VA) | 166 | $14,750,000 | $88,855 | $1,499 | 4.49% |
| MUSKEGON, MI (FHA|USDA|VA) | 68 | $13,440,000 | $197,647 | $2,451 | 4.72% |
| Ludington, MI (FHA|USDA|VA) | 86 | $11,490,000 | $133,605 | $2,172 | 4.63% |
| AKRON, OH (FHA|USDA|VA) | 77 | $10,305,000 | $133,831 | $2,999 | 4.59% |
| COLUMBUS, OH (FHA|USDA|VA) | 52 | $9,370,000 | $180,192 | $2,972 | 4.58% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 47 | $8,865,000 | $188,617 | $3,626 | 5.07% |
| MONROE, MI (FHA|USDA|VA) | 12 | $7,820,000 | $651,667 | $3,388 | 4.87% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 40 | $7,700,000 | $192,500 | $3,798 | 4.64% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 89 | $7,055,000 | $79,270 | $7,254 | 5.35% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 110 | $6,470,000 | $58,818 | $2,870 | 5.43% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 42 | $5,920,000 | $140,952 | $2,012 | 4.52% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $5,750,000 | $2,875,000 | $10,986 | 4.56% |
| JACKSON, MI (FHA|USDA|VA) | 16 | $5,640,000 | $352,500 | $2,571 | 4.61% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 10 | $5,620,000 | $562,000 | $5,904 | 4.03% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 13 | $5,355,000 | $411,923 | $3,169 | 4.37% |
| Alma, MI (FHA|USDA|VA) | 48 | $4,600,000 | $95,833 | $1,776 | 4.76% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 24 | $3,700,000 | $154,167 | $3,766 | 4.88% |
| TOLEDO, OH (FHA|USDA|VA) | 15 | $3,575,000 | $238,333 | $3,438 | 4.52% |
| Mount Pleasant, MI (FHA|USDA|VA) | 35 | $3,415,000 | $97,571 | $1,792 | 4.68% |
| Hillsdale, MI (FHA|USDA|VA) | 20 | $3,040,000 | $152,000 | $2,664 | 4.58% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 6 | $2,840,000 | $473,333 | $5,980 | 4.94% |
| Coldwater, MI (FHA|USDA|VA) | 32 | $2,760,000 | $86,250 | $1,855 | 4.54% |
| KNOXVILLE, TN (FHA|USDA|VA) | 8 | $2,740,000 | $342,500 | $3,323 | 4.27% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 38 | $2,530,000 | $66,579 | $0 | 5.42% |
| Adrian, MI (FHA|USDA|VA) | 7 | $2,355,000 | $336,429 | $3,113 | 4.44% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 7 | $2,235,000 | $319,286 | $5,090 | 4.68% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $2,015,000 | $403,000 | $5,785 | 4.62% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 5 | $1,915,000 | $383,000 | $3,705 | 4.68% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 4 | $1,770,000 | $442,500 | $4,347 | 4.47% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 9 | $1,705,000 | $189,444 | $2,447 | 4.76% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,650,000 | $412,500 | $4,508 | 4.03% |
| Sturgis, MI (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $3,992 | 4.67% |
| Alpena, MI (FHA|USDA|VA) | 16 | $1,520,000 | $95,000 | $2,152 | 4.51% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 12 | $1,480,000 | $123,333 | $0 | 5.04% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 13 | $1,335,000 | $102,692 | $0 | 5.40% |
| FORT WAYNE, IN (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $2,122 | 4.24% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $3,901 | 4.38% |
| Salem, OH (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $4,095 | 4.47% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 6 | $1,110,000 | $185,000 | $2,921 | 4.44% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $1,070,000 | $535,000 | $440 | 4.72% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $3,389 | 4.13% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $4,266 | 4.91% |
| RENO, NV (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $2,743 | 4.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $2,779 | 3.75% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $3,519 | 4.47% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 5 | $835,000 | $167,000 | $0 | 5.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $1,917 | 4.81% |
| NAPA, CA (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $4,947 | 4.00% |
| Hilo, HI (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $4,663 | 3.88% |
| Key West, FL (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $6,207 | 4.25% |
| JACKSON, MS (FHA|USDA|VA) | 10 | $720,000 | $72,000 | $0 | 5.48% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,600 | 4.13% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 10 | $670,000 | $67,000 | $0 | 5.40% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $2,811 | 5.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 5 | $635,000 | $127,000 | $2,576 | 4.90% |
| Wilmington, OH (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $4,270 | 4.71% |
| APPLETON, WI (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $3,482 | 3.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,834 | 5.38% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $1,940 | 4.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 9 | $535,000 | $59,444 | $0 | 5.36% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,763 | 4.31% |
| Greenville, OH (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,101 | 4.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $510,000 | $127,500 | $2,122 | 4.88% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $2,297 | 4.13% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $0 | 5.33% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $1,239 | 4.55% |
| Angola, IN (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $1,858 | 4.06% |
| STOCKTON, CA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $15,117 | 4.25% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,305 | 4.75% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $9,401 | 4.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 5.50% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,314 | 4.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $3,046 | 4.33% |
| BOISE CITY, ID (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $2,709 | 4.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 5.56% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 6 | $350,000 | $58,333 | $0 | 5.77% |
| Norwalk, OH (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $2,346 | 4.90% |
| LOUISVILLE, KY (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $2,041 | 4.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,225 | 4.88% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,616 | 4.56% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,808 | 4.13% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $1,934 | 4.25% |
| OCALA, FL (FHA|USDA|VA) | 3 | $325,000 | $108,333 | $5,443 | 4.79% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,176 | 4.50% |
| Wapakoneta, OH (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,960 | 4.32% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,631 | 4.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,879 | 4.88% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,253 | 4.38% |
| Auburn, IN (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $1,924 | 4.25% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,065 | 3.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,648 | 3.88% |
| Edwards, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 4.50% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $2,551 | 4.56% |
| Bellefontaine, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,290 | 3.88% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $1,357 | 5.00% |
| Ashland, OH (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,356 | 4.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,379 | 4.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 5.50% |
| Marquette, MI (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,242 | 4.75% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,704 | 4.25% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,358 | 5.00% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,946 | 5.06% |
| Plymouth, IN (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $2,213 | 4.44% |
| Athens, OH (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,968 | 3.88% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $2,278 | 4.54% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $190,000 | $47,500 | $0 | 5.47% |
| Houghton, MI (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $2,140 | 4.44% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,384 | 4.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 5.13% |
| DECATUR, AL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 5.25% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,597 | 3.88% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,415 | 4.63% |
| RACINE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,696 | 5.75% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,821 | 6.25% |
| LIMA, OH (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $2,489 | 4.69% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.13% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,600 | 5.75% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,429 | 4.75% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,462 | 5.50% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 5.63% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,798 | 4.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.25% |
| LAWTON, OK (FHA|USDA|VA) | 4 | $100,000 | $25,000 | $0 | 5.75% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,068 | 4.50% |
| Ashtabula, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,584 | 5.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 5.56% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $1,950 | 4.13% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.50% |
| New Castle, IN (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.50% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.50% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.75% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,174 | 4.75% |
| Wooster, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,248 | 4.50% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.25% |
| Clewiston, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.38% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.38% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
| Fremont, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,280 | 5.13% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.50% |
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We use machine learning to identify the top lenders compared against CHEMECAL 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
For 2018, Chemecal Bank's most frequently originated type of loan was Conventional, with 8,190 originations. Their 2nd most popular type was HELOC, with 988 originations.
Loan Reason
For 2018, Chemecal Bank's most frequently cited loan purpose was Home Purchase, with 5,598 originations. The 2nd most popular reason was Refi, with 1,378 originations.
Loan Duration/Length
For 2018, Chemecal Bank's most frequently cited loan duration was 30 Year, with 5,959 originations. The 2nd most popular length was 15 Year, with 1,780 originations.
Origination Fees/Closing Costs
Chemecal Bank's average total fees were $3,151, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 5,871 originations.
Interest Rates
During 2018, Chemecal Bank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 5,594 originations.
Loan Sizing
2018 saw Chemecal Bank place emphasis on $100,000 or less loans with 4,330 originations, totaling $229,510,000 in origination value.
Applicant Income
Chemecal Bank lent most frequently to those with incomes in the $50k or less range, with 2,015 originations. The second most popular income band? $50k-75k, with 1,962 originations.
Applicant Debt to Income Ratio
Chemecal Bank lent most frequently to those with DTI ratios of 20-30%, with 2,238 originations. The next most common DTI ratio? 30-36%, with 1,738 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.04%
Chemecal Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.95%
Chemecal Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,900 | $1,836,440,000 | $185,499 |