The Middlefield Banking Company Mortgage Rates, Fees & Info
Middlefield, OHLEI: 5493007SZD2OVPMXT217
Tax ID: 34-0399850
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Mortgage Data
Review & Overview
The Middlefield Banking Company is a smaller bank specializing in Home Purchase and Refi loans. The Middlefield Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Cleveland, Akron, Youngstown, Columbus, and Ashtabula among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)The Middlefield Banking Company 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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 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 Middlefield Banking Company Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
715Origination Dollar Volume (All Markets)
$132,055,000Top 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 |
|---|---|---|---|---|---|
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 225 | $41,085,000 | $182,600 | $0 | 8.07% |
| AKRON, OH (FHA|USDA|VA) | 74 | $27,020,000 | $365,135 | $0 | 8.03% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 134 | $17,690,000 | $132,015 | $0 | 8.13% |
| COLUMBUS, OH (FHA|USDA|VA) | 80 | $17,340,000 | $216,750 | $0 | 8.03% |
| Ashtabula, OH (FHA|USDA|VA) | 120 | $15,870,000 | $132,250 | $0 | 8.13% |
| Outside of Metro Areas | 39 | $3,755,000 | $96,282 | $0 | 8.17% |
| Bellefontaine, OH (FHA|USDA|VA) | 21 | $3,395,000 | $161,667 | $0 | 8.42% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 0.00% |
| LIMA, OH (FHA|USDA|VA) | 7 | $645,000 | $92,143 | $0 | 8.25% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Findlay, OH (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 8.50% |
| Marion, OH (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| Wapakoneta, OH (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.25% |
| Urbana, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.50% |
| Athens, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Middlefield Banking Company 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 |
|---|---|---|---|---|---|
| HELOC | 423 | $50,855,000 | $120,225 | n/a | 8.10% |
| Conventional | 292 | $81,200,000 | $278,082 | $0 | 0.00% |
For 2024, The Middlefield Banking Company's most frequently originated type of loan was HELOC, with 423 originations. Their 2nd most popular type was Conventional, with 292 originations.
Loan Reason
For 2024, The Middlefield Banking Company's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Refi, with 218 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 421 | $50,605,000 | $120,202 | $0 | 8.09% |
| Other | 294 | $81,450,000 | $277,041 | $0 | 9.00% |
For 2024, The Middlefield Banking Company's most frequently cited loan duration was 20 Year, with 421 originations. The 2nd most popular length was Other, with 294 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 275 | $32,985,000 | $119,945 |
| Over 8% | 148 | $17,870,000 | $120,743 |
During 2024, The Middlefield Banking Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 7-8%, with 275 originations.
Loan Sizing
2024 saw The Middlefield Banking Company place emphasis on $100,000 or less loans with 284 originations, totaling $15,560,000 in origination value.
Applicant Income
The Middlefield Banking Company lent most frequently to those with incomes in the $50k-75k range, with 179 originations. The second most popular income band? $100k-150k, with 140 originations.
Applicant Debt to Income Ratio
The Middlefield Banking Company lent most frequently to those with DTI ratios of Exempt%, with 292 originations. The next most common DTI ratio? 20-30%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.18%
The Middlefield Banking Company has a below average approval rate.
Pick Rate
Approvals leading to origination85.59%
The Middlefield Banking Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 292 | $81,200,000 | $278,082 |
| NA | 423 | $50,855,000 | $120,225 |