The Vinton County National Bank Mortgage Rates, Fees & Info
McArthur, OHLEI: 54930087JNDLPJWOLV11
Tax ID: 31-4332540
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Mortgage Data
Review & Overview
The Vinton County National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Vinton County National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Columbus, Chillicothe, Jackson, Athens, and Portsmouth among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)The Vinton County National 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. The Vinton County National Bank 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 relatively high 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.66% | 12/3/24 |
| 30 Year Conventional Refi | 6.85% | 12/3/24 |
| 30 Year FHA Purchase | 6.27% | 12/3/24 |
| 30 Year USDA Purchase | 6.27% | 12/3/24 |
| 15 Year Conventional Purchase | 6.15% | 12/3/24 |
| 15 Year Conventional Refi | 6.74% | 12/3/24 |
| 15 Year Cash-out Refi | 6.74% | 12/3/24 |
| 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 Vinton County National Bank Mortgage Calculator
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This is not an official calculator from The Vinton County National Bank. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
646Origination Dollar Volume (All Markets)
$105,710,000Awards
THE VINTON COUNTY NATIONAL BANK - 2023
THE VINTON COUNTY NATIONAL BANK is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
The Vinton County National Bank's average 30 year fixed mortgage rate was
7.06%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.58%.
Relative Fees (Closing Costs)
The Vinton County National Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $3,033.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| COLUMBUS, OH (FHA|USDA|VA) | 314 | $60,360,000 | $192,229 | $3,765 | 7.75% |
| Chillicothe, OH (FHA|USDA|VA) | 148 | $22,430,000 | $151,554 | $3,114 | 7.92% |
| Outside of Metro Areas | 85 | $10,935,000 | $128,647 | $3,483 | 7.94% |
| Jackson, OH (FHA|USDA|VA) | 62 | $7,120,000 | $114,839 | $2,976 | 7.80% |
| Athens, OH (FHA|USDA|VA) | 13 | $1,655,000 | $127,308 | $3,183 | 7.05% |
| Portsmouth, OH (FHA|USDA|VA) | 8 | $1,130,000 | $141,250 | $2,925 | 7.95% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 5 | $535,000 | $107,000 | $3,174 | 7.08% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,031 | 6.56% |
| Washington Court House, OH (FHA|USDA|VA) | 4 | $380,000 | $95,000 | $2,717 | 9.19% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,784 | 7.75% |
| Mount Vernon, OH (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,512 | 6.56% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,132 | 6.38% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against THE VINTON COUNTY NATIONAL BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 45
Similarity Rank: 210
Similarity Rank: 216
Similarity Rank: 440
Similarity Rank: 496
Similarity Rank: 630
Similarity Rank: 690
Similarity Rank: 780
Similarity Rank: 783
Similarity Rank: 990
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 440 | $86,140,000 | $195,773 | $3,409 | 7.47% |
| HELOC | 206 | $19,570,000 | $95,000 | n/a | 8.51% |
For 2023, The Vinton County National Bank's most frequently originated type of loan was Conventional, with 440 originations. Their 2nd most popular type was HELOC, with 206 originations.
Loan Reason
For 2023, The Vinton County National Bank's most frequently cited loan purpose was Home Purchase, with 304 originations. The 2nd most popular reason was Refi, with 129 originations.
Loan Duration/Length
For 2023, The Vinton County National Bank's most frequently cited loan duration was 15 Year, with 221 originations. The 2nd most popular length was 30 Year, with 157 originations.
Origination Fees/Closing Costs
The Vinton County National Bank's average total fees were $3,033, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 242 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 271 | $27,755,000 | $102,417 |
| 7-8% | 195 | $34,735,000 | $178,128 |
| 6-7% | 109 | $25,065,000 | $229,954 |
| 5-6% | 71 | $18,155,000 | $255,704 |
During 2023, The Vinton County National Bank's average interest rate for loans was 7.06%, while their most frequently originated rate bucket for loans was Over 8%, with 271 originations.
Loan Sizing
2023 saw The Vinton County National Bank place emphasis on $100,000 or less loans with 322 originations, totaling $20,030,000 in origination value.
Applicant Income
The Vinton County National Bank lent most frequently to those with incomes in the $100k-150k range, with 148 originations. The second most popular income band? $50k-75k, with 129 originations.
Applicant Debt to Income Ratio
The Vinton County National Bank lent most frequently to those with DTI ratios of 30-36%, with 138 originations. The next most common DTI ratio? 20-30%, with 131 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.11%
The Vinton County National Bank has a below average approval rate.
Pick Rate
Approvals leading to origination85.29%
The Vinton County National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 250.0 | 11 | $355,000 | $32,273 |
| NA | 635 | $105,355,000 | $165,913 |