The Bank Of Charlotte County Mortgage Rates, Fees & Info
Phenix, VALEI: 54930064WT3GIUWM7H79
Tax ID: 54-0132880
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Bank Of Charlotte County is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Charlotte County has a high proportion of conventional loans. Their top (well, only) market is Lynchburg.The Bank Of Charlotte County 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.
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 |
|---|---|---|
| 30 Year Conventional Purchase | 7.58% | 4/17/25 |
| 30 Year Conventional Refi | 7.35% | 4/17/25 |
| 30 Year Cash-out Refi | 7.71% | 4/17/25 |
| 15 Year Conventional Purchase | 6.51% | 4/17/25 |
| 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 Bank Of Charlotte County Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
59Origination Dollar Volume (All Markets)
$6,685,000Top Markets
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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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 49 | $5,505,000 | $112,347 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 10 | $1,180,000 | $118,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 59 | $6,685,000 | $113,305 | $0 | 0.00% |
For 2018, The Bank Of Charlotte County's most frequently originated type of loan was Conventional, with 59 originations.
Loan Reason
For 2018, The Bank Of Charlotte County's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 59 | $6,685,000 | $113,305 | $0 | 0.00% |
For 2018, The Bank Of Charlotte County's most frequently cited loan duration was Other, with 59 originations.
Loan Sizing
2018 saw The Bank Of Charlotte County place emphasis on $100,000 or less loans with 32 originations, totaling $1,940,000 in origination value.
Applicant Income
The Bank Of Charlotte County lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $50k-75k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 59 | $6,685,000 | $113,305 | $0 | 0.00% |
The Bank Of Charlotte County lent most frequently to those with DTI ratios of Exempt%, with 59 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications76.92%
The Bank Of Charlotte County has a below average approval rate.
Pick Rate
Approvals leading to origination81.36%
The Bank Of Charlotte County has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 59 | $6,685,000 | $113,305 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 10 | 9.8% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Struggling to pay mortgage | 6 | 5.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Trouble during payment process | 30 | 29.4% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Trouble during payment process | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 8 | 7.8% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 14 | 13.7% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 1.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Closing on a mortgage | 3 | 2.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Struggling to pay mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Trouble during payment process | 7 | 6.9% |