The Bank Of Charlotte County Mortgage Rates, Fees & Info

Phenix, VA

LEI: 54930064WT3GIUWM7H79

Tax ID: 54-0132880

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

Jump to:

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

59

Origination Dollar Volume (All Markets)

$6,685,000

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
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%
The Bank Of Charlotte County's top markets include and Lynchburg among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $4,130,000 $108,684 $0 0.00%
    Refi 15 $2,055,000 $137,000 $0 0.00%
    Home Improvement 4 $350,000 $87,500 $0 0.00%
    Other 2 $150,000 $75,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,940,000 $60,625 $0 0.00%
    $100k-200k 20 $2,940,000 $147,000 $0 0.00%
    $200k-400k 7 $1,805,000 $257,857 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 20 $1,680,000 $84,000 $0 0.00%
    $50k-75k 19 $2,295,000 $120,789 $0 0.00%
    $75k-100k 10 $1,580,000 $158,000 $0 0.00%
    $100k-150k 7 $895,000 $127,857 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $6,000,000 $115,385 $0 0.00%
    Black 3 $325,000 $108,333 $0 0.00%
    Not applicable 3 $235,000 $78,333 $0 0.00%
    Not provided 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.92%

    The Bank Of Charlotte County has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.36%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $255,000 $255,000
    Single Family (1-4 Units):Manufactured 17 $1,045,000 $61,471
    Single Family (1-4 Units):Site-Built 41 $5,385,000 $131,341

    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%