The Poca Valley Bank Mortgage Rates, Fees & Info
Walton, WVLEI: 5493006IT65TMGZIKY68
Tax ID: 55-0727130
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Poca Valley Bank is a smaller bank specializing in Home Purchase loans. The Poca Valley Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Charleston, Huntington, Point Pleasant, Beckley, and Parkersburg among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)The Poca Valley 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.
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Originations
277Origination Dollar Volume (All Markets)
$41,385,000Top 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 |
|---|---|---|---|---|---|
| CHARLESTON, WV (FHA|USDA|VA) | 127 | $20,035,000 | $157,756 | $0 | 0.00% |
| Outside of Metro Areas | 87 | $11,155,000 | $128,218 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 33 | $5,605,000 | $169,848 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 10 | $1,630,000 | $163,000 | $0 | 0.00% |
| BECKLEY, WV (FHA|USDA|VA) | 6 | $880,000 | $146,667 | $0 | 0.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 7 | $795,000 | $113,571 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Marietta, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Poca Valley 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
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 273 | $40,855,000 | $149,652 | $0 | 0.00% |
| USDA | 4 | $530,000 | $132,500 | $0 | 0.00% |
For 2024, The Poca Valley Bank's most frequently originated type of loan was Conventional, with 273 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2024, The Poca Valley Bank's most frequently cited loan purpose was Home Purchase, with 215 originations. The 2nd most popular reason was Cash Out Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 277 | $41,385,000 | $149,404 | $0 | 0.00% |
For 2024, The Poca Valley Bank's most frequently cited loan duration was Other, with 277 originations.
Loan Sizing
2024 saw The Poca Valley Bank place emphasis on $100,000 or less loans with 111 originations, totaling $7,065,000 in origination value.
Applicant Income
The Poca Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 73 originations. The second most popular income band? $75k-100k, with 60 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 277 | $41,385,000 | $149,404 | $0 | 0.00% |
The Poca Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 277 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.24%
The Poca Valley Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.98%
The Poca Valley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 277 | $41,385,000 | $149,404 |