The Middlefield Banking Company Mortgage Rates, Fees & Info

Middlefield, OH

LEI: 5493007SZD2OVPMXT217

Tax ID: 34-0399850

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Middlefield Banking Company is a smaller bank specializing in Refi and Home Purchase loans. The Middlefield Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Cleveland, Columbus, Youngstown, Akron, and Ashtabula among others. We have data for 13 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. The Middlefield Banking Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/17/24
    30 Year Conventional Purchase 6.46% 11/17/24
    30 Year Conventional Refi 6.43% 11/17/24
    30 Year Cash-out Refi 6.48% 11/17/24
    15 Year Conventional Purchase 6.57% 11/17/24
    15 Year Conventional Refi 5.82% 11/17/24
    15 Year Cash-out Refi 5.82% 11/17/24
    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

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Middlefield Banking Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    770

    Origination Dollar Volume (All Markets)

    $124,920,000
    Show all (6) awards

    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
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 312 $44,490,000 $142,596 $3,807 4.32%
    COLUMBUS, OH (FHA|USDA|VA) 98 $24,530,000 $250,306 $3,223 4.32%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 127 $18,165,000 $143,031 $3,725 4.61%
    AKRON, OH (FHA|USDA|VA) 103 $15,795,000 $153,350 $3,896 4.22%
    Ashtabula, OH (FHA|USDA|VA) 114 $14,330,000 $125,702 $3,873 4.33%
    TOLEDO, OH (FHA|USDA|VA) 2 $5,930,000 $2,965,000 $0 5.45%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 5 $915,000 $183,000 $3,641 4.40%
    MANSFIELD, OH (FHA|USDA|VA) 2 $200,000 $100,000 $350 5.65%
    Mount Vernon, OH (FHA|USDA|VA) 2 $160,000 $80,000 $3,922 3.69%
    Outside of Metro Areas 1 $155,000 $155,000 $0 5.85%
    Bellefontaine, OH (FHA|USDA|VA) 2 $140,000 $70,000 $350 6.75%
    Cambridge, OH (FHA|USDA|VA) 1 $95,000 $95,000 $3,656 4.63%
    Ashland, OH (FHA|USDA|VA) 1 $15,000 $15,000 $0 6.25%
    The Middlefield Banking Company's top markets include Cleveland, Columbus, Youngstown, Akron, and Ashtabula among others.

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

    • 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.

    Community Star Credit Union
    Similarity Rank: 249
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 351
    First Federal Savings and Loan Association of Lorain
    Similarity Rank: 396
    MMS MORTGAGE SERVICES, LTD.
    Similarity Rank: 560
    The Commercial and Savings Bank of Millersburg Ohio
    Similarity Rank: 627
    The Middlefield Banking Company
    Similarity Rank: 1404
    MORTGAGE CENTER L.C
    Similarity Rank: 1472
    Union Savings Bank
    Similarity Rank: 1670
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 1875
    Ohio Catholic Federal Credit Union
    Similarity Rank: 1910

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 483 $47,115,000 $97,547 n/a 4.19%
    Conventional 287 $77,805,000 $271,098 $3,756 4.69%

    For 2022, The Middlefield Banking Company's most frequently originated type of loan was HELOC, with 483 originations. Their 2nd most popular type was Conventional, with 287 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 250 $46,800,000 $187,200 $3,398 4.10%
    Home Improvement 232 $20,440,000 $88,103 $966 4.30%
    Home Purchase 166 $47,150,000 $284,036 $4,549 4.74%
    Other 112 $9,340,000 $83,393 $2,371 4.66%
    Cash Out Refi 10 $1,190,000 $119,000 $4,167 3.51%

    For 2022, The Middlefield Banking Company's most frequently cited loan purpose was Refi, with 250 originations. The 2nd most popular reason was Home Improvement, with 232 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 504 $51,270,000 $101,726 $742 4.25%
    30 Year 179 $37,525,000 $209,637 $4,104 4.61%
    15 Year 44 $6,360,000 $144,545 $3,288 4.27%
    30+ year 19 $7,395,000 $389,211 $5,993 4.29%
    10 Year 15 $17,655,000 $1,177,000 $350 5.27%
    5 Year 5 $475,000 $95,000 $350 5.72%
    Other 4 $4,240,000 $1,060,000 $0 5.11%

    For 2022, The Middlefield Banking Company's most frequently cited loan duration was 20 Year, with 504 originations. The 2nd most popular length was 30 Year, with 179 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 188 $38,140,000 $202,872
    $<1k 32 $1,900,000 $59,375
    $2k-3k 20 $7,350,000 $367,500
    $3k-4k 6 $1,260,000 $210,000
    $4k-5k 1 $695,000 $695,000

    The Middlefield Banking Company's average total fees were $4,104, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 188 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 278 $43,950,000 $158,094
    4-5% 168 $34,800,000 $207,143
    5-6% 127 $27,425,000 $215,945
    2.5-3% 118 $12,340,000 $104,576
    6-7% 76 $5,990,000 $78,816
    7-8% 2 $320,000 $160,000
    <2.5% 1 $95,000 $95,000

    During 2022, The Middlefield Banking Company's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 3-4%, with 278 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 351 $18,065,000 $51,467 $1,897 4.42%
    $100k-200k 249 $35,135,000 $141,104 $3,748 4.29%
    $200k-400k 136 $35,880,000 $263,824 $4,537 4.38%
    $400k-600k 18 $8,240,000 $457,778 $4,683 4.33%
    $1MM+ 9 $22,575,000 $2,508,333 $8,825 4.82%
    $600k-1MM 7 $5,025,000 $717,857 $6,673 4.05%

    2022 saw The Middlefield Banking Company place emphasis on $100,000 or less loans with 351 originations, totaling $18,065,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 189 $16,145,000 $85,423 $3,343 4.36%
    $50k-75k 187 $19,035,000 $101,791 $3,478 4.32%
    $100k-150k 141 $21,695,000 $153,865 $3,893 4.45%
    $75k-100k 100 $13,670,000 $136,700 $3,896 4.36%
    $150k-250k 93 $18,535,000 $199,301 $4,285 4.42%
    $250k+ 30 $9,460,000 $315,333 $4,996 4.05%

    The Middlefield Banking Company lent most frequently to those with incomes in the $50k or less range, with 189 originations. The second most popular income band? $50k-75k, with 187 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 215 $26,725,000 $124,302 $3,599 4.30%
    30-36% 171 $23,105,000 $135,117 $3,918 4.38%
    <20% 117 $13,775,000 $117,735 $3,001 4.02%
    40% 63 $8,745,000 $138,810 $3,826 4.40%
    39% 42 $4,700,000 $111,905 $3,833 4.70%
    37% 38 $4,940,000 $130,000 $4,000 4.44%
    38% 32 $2,840,000 $88,750 $2,251 4.52%
    36% 30 $5,920,000 $197,333 $3,937 4.40%
    44% 11 $2,455,000 $223,182 $4,737 5.00%
    42% 9 $2,265,000 $251,667 $4,835 4.76%
    41% 7 $1,255,000 $179,286 $4,645 4.68%
    43% 6 $1,480,000 $246,667 $4,778 4.77%
    47% 2 $100,000 $50,000 $1,884 4.75%
    50-60% 2 $360,000 $180,000 $4,014 5.06%
    46% 1 $325,000 $325,000 $4,148 5.00%
    48% 1 $205,000 $205,000 $4,911 3.38%
    >60% 1 $75,000 $75,000 $350 6.50%

    The Middlefield Banking Company lent most frequently to those with DTI ratios of 20-30%, with 215 originations. The next most common DTI ratio? 30-36%, with 171 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 714 $94,330,000 $132,115 $3,755 4.36%
    Not applicable 21 $25,445,000 $1,211,667 $0 4.93%
    Not provided 21 $2,705,000 $128,810 $3,261 4.65%
    Black 3 $945,000 $315,000 $4,912 3.33%
    Asian Indian 4 $520,000 $130,000 $0 4.06%
    American Indian 3 $375,000 $125,000 $4,469 4.08%
    Asian 2 $340,000 $170,000 $0 3.75%
    Native Hawaiian 1 $175,000 $175,000 $0 3.50%
    Filipino 1 $85,000 $85,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    79.08%

    The Middlefield Banking Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.94%

    The Middlefield Banking Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 770 $124,920,000 $162,234

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    770 $124,920,000 $162,234

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 214 $22,570,000 $105,467 $3,394 4.18%
    40-60% 127 $22,695,000 $178,701 $4,259 4.40%
    60-80% 151 $48,825,000 $323,344 $4,129 4.43%
    80-100% 71 $22,015,000 $310,070 $4,275 4.35%
    Under 20% 206 $8,610,000 $41,796 $567 4.51%