The Poca Valley Bank Mortgage Rates, Fees & Info
Walton, WVLEI: 5493006IT65TMGZIKY68
Tax ID: 55-0727130
Latest/2023 | 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, Charlotte, Parkersburg, and Point Pleasant among others. We have data for 11 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
311Origination Dollar Volume (All Markets)
$51,335,000Top 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) | 159 | $23,155,000 | $145,629 | $0 | 0.00% |
| Outside of Metro Areas | 88 | $13,230,000 | $150,341 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 45 | $9,825,000 | $218,333 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $2,220,000 | $1,110,000 | $0 | 0.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 5 | $1,125,000 | $225,000 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 7 | $1,055,000 | $150,714 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| Mount Gay-Shamrock, WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $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 | 305 | $50,735,000 | $166,344 | $0 | 0.00% |
| USDA | 6 | $600,000 | $100,000 | $0 | 0.00% |
For 2022, The Poca Valley Bank's most frequently originated type of loan was Conventional, with 305 originations. Their 2nd most popular type was USDA, with 6 originations.
Loan Reason
For 2022, The Poca Valley Bank's most frequently cited loan purpose was Home Purchase, with 186 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 311 | $51,335,000 | $165,064 | $0 | 0.00% |
For 2022, The Poca Valley Bank's most frequently cited loan duration was Other, with 311 originations.
Loan Sizing
2022 saw The Poca Valley Bank place emphasis on $100k-200k loans with 131 originations, totaling $19,005,000 in origination value.
Applicant Income
The Poca Valley Bank lent most frequently to those with incomes in the $50k or less range, with 74 originations. The second most popular income band? $50k-75k, with 71 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 311 | $51,335,000 | $165,064 | $0 | 0.00% |
The Poca Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 311 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.29%
The Poca Valley Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.95%
The Poca Valley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 311 | $51,335,000 | $165,064 |