Portage Community Bank Mortgage Rates, Fees & InfoRavenna, OH
Tax ID: 34-1867889
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewPortage Community Bank is a smaller bank specializing in Home Purchase loans. Portage Community Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Akron, Canton, Cleveland, Toledo, and Youngstown among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)
Portage Community 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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Origination Dollar Volume (All Markets)$77,295,000
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|
|AKRON, OH (FHA|USDA|VA)||274||$52,510,000||$191,642||$0||0.00%|
|CANTON-MASSILLON, OH (FHA|USDA|VA)||49||$10,875,000||$221,939||$0||0.00%|
|CLEVELAND-ELYRIA, OH (FHA|USDA|VA)||18||$5,460,000||$303,333||$0||0.00%|
|TOLEDO, OH (FHA|USDA|VA)||5||$3,945,000||$789,000||$0||0.00%|
|YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA)||18||$2,920,000||$162,222||$0||0.00%|
|Salem, OH (FHA|USDA|VA)||3||$685,000||$228,333||$0||0.00%|
|Coshocton, OH (FHA|USDA|VA)||1||$275,000||$275,000||$0||0.00%|
|Outside of Metro Areas||1||$265,000||$265,000||$0||0.00%|
|COLUMBUS, OH (FHA|USDA|VA)||1||$215,000||$215,000||$0||0.00%|
|Wooster, OH (FHA|USDA|VA)||1||$145,000||$145,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Portage Community Bank's most frequently originated type of loan was Conventional, with 325 originations. Their 2nd most popular type was FHA, with 44 originations.
For 2022, Portage Community Bank's most frequently cited loan purpose was Home Purchase, with 283 originations. The 2nd most popular reason was Refi, with 34 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Portage Community Bank's most frequently cited loan duration was Other, with 371 originations.
2022 saw Portage Community Bank place emphasis on $100k-200k loans with 170 originations, totaling $24,750,000 in origination value.
Portage Community Bank lent most frequently to those with incomes in the $50k-75k range, with 89 originations. The second most popular income band? $100k-150k, with 68 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Portage Community Bank lent most frequently to those with DTI ratios of Exempt%, with 371 originations.
Approval RatesTotal approvals of all applications
Portage Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Portage Community Bank has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|