The Bank Of Charlotte County Mortgage Rates, Fees & Info
Phenix, VALEI: 54930064WT3GIUWM7H79
Tax ID: 54-0132880
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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.
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Originations
65Origination Dollar Volume (All Markets)
$8,225,000Top 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 | 60 | $7,960,000 | $132,667 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 5 | $265,000 | $53,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $8,225,000 | $126,538 | $0 | 0.00% |
For 2019, The Bank Of Charlotte County's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
For 2019, The Bank Of Charlotte County's most frequently cited loan purpose was Home Purchase, with 40 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 | 65 | $8,225,000 | $126,538 | $0 | 0.00% |
For 2019, The Bank Of Charlotte County's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2019 saw The Bank Of Charlotte County place emphasis on $100,000 or less loans with 41 originations, totaling $2,185,000 in origination value.
Applicant Income
The Bank Of Charlotte County lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $75k-100k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 65 | $8,225,000 | $126,538 | $0 | 0.00% |
The Bank Of Charlotte County lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.65%
The Bank Of Charlotte County has a below average approval rate.
Pick Rate
Approvals leading to origination84.62%
The Bank Of Charlotte County has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $8,225,000 | $126,538 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 10 | 9.8% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Struggling to pay mortgage | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Trouble during payment process | 34 | 33.3% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Struggling to pay mortgage | 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 | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 4 | 3.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 2.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 13 | 12.7% |
| 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 | Incorrect information on your report | 2 | 2.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Struggling to pay mortgage | 2 | 2.0% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Trouble during payment process | 7 | 6.9% |
| TD BANK US HOLDING COMPANY | Reverse mortgage | Closing on a mortgage | 1 | 1.0% |