The Vinton County National Bank Mortgage Rates, Fees & Info

McArthur, OH

LEI: 54930087JNDLPJWOLV11

Tax ID: 31-4332540

5 stars - out of 5 stars, based on 24 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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 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, Point Pleasant, and Athens 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 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
    30 Year Conventional Purchase 6.66% 3/23/23
    30 Year Conventional Refi 6.85% 3/23/23
    30 Year FHA Purchase 6.27% 3/23/23
    30 Year USDA Purchase 6.27% 3/23/23
    15 Year Conventional Purchase 6.15% 3/23/23
    15 Year Conventional Refi 6.74% 3/23/23
    15 Year Cash-out Refi 6.74% 3/23/23
    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.


    Originations

    569

    Origination Dollar Volume (All Markets)

    $115,395,000

    Awards

    THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans gold THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans silver THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans silver THE VINTON COUNTY NATIONAL BANK 30 Year Conventional Loans bronze
    Show all (4) awards

    Relative Rate

    The Vinton County National Bank's average 30 year fixed mortgage rate was 4.94%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.18%.

    Relative Fees (Closing Costs)

    The Vinton County National Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $3,188.

    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 $4,750.

    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) 256 $67,990,000 $265,586 $3,872 4.75%
    Chillicothe, OH (FHA|USDA|VA) 126 $20,640,000 $163,810 $3,196 5.17%
    Outside of Metro Areas 81 $10,745,000 $132,654 $3,241 5.23%
    Jackson, OH (FHA|USDA|VA) 63 $9,545,000 $151,508 $3,192 5.11%
    Point Pleasant, WV-OH (FHA|USDA|VA) 14 $2,290,000 $163,571 $3,146 5.00%
    Athens, OH (FHA|USDA|VA) 16 $2,150,000 $134,375 $2,916 6.00%
    Zanesville, OH (FHA|USDA|VA) 3 $715,000 $238,333 $2,874 5.42%
    Portsmouth, OH (FHA|USDA|VA) 4 $440,000 $110,000 $2,658 4.88%
    Bellefontaine, OH (FHA|USDA|VA) 1 $385,000 $385,000 $5,276 4.75%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $205,000 $205,000 $3,190 4.88%
    Washington Court House, OH (FHA|USDA|VA) 2 $160,000 $80,000 $2,173 7.06%
    Ashtabula, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,845 6.38%
    Marietta, OH (FHA|USDA|VA) 1 $25,000 $25,000 $0 10.99%
    The Vinton County National Bank's top markets include Columbus, Chillicothe, Jackson, Point Pleasant, and Athens among others.

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

    • 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.

    HOMELAND CREDIT UNION, INC.
    Similarity Rank: 84
    The Ohio Valley Bank Company
    Similarity Rank: 170
    First Federal Savings and Loan Association
    Similarity Rank: 534
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 756
    Liberty National Bank
    Similarity Rank: 828
    TrueCore Federal Credit Union
    Similarity Rank: 895
    LCNB National Bank
    Similarity Rank: 1044
    Cf Bank
    Similarity Rank: 1221
    The Old Fort Banking Company
    Similarity Rank: 1512
    The Community Bank
    Similarity Rank: 1519

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 569 $115,395,000 $202,803 $3,493 5.02%

    For 2022, The Vinton County National Bank's most frequently originated type of loan was Conventional, with 569 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 375 $84,855,000 $226,280 $3,921 5.00%
    Refi 152 $26,280,000 $172,895 $3,002 4.77%
    Other 34 $2,680,000 $78,824 $2,171 6.10%
    Home Improvement 8 $1,580,000 $197,500 $2,335 5.68%

    For 2022, The Vinton County National Bank's most frequently cited loan purpose was Home Purchase, with 375 originations. The 2nd most popular reason was Refi, with 152 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 220 $46,020,000 $209,182 $3,188 4.94%
    20 Year 132 $18,630,000 $141,136 $2,637 5.33%
    30+ year 103 $34,925,000 $339,078 $5,180 4.21%
    Other 38 $7,840,000 $206,316 $3,591 5.20%
    10 Year 35 $2,725,000 $77,857 $2,396 5.83%
    15 Year 34 $3,450,000 $101,471 $2,571 5.62%
    1 Year 4 $550,000 $137,500 $0 5.99%
    5 Year 3 $1,255,000 $418,333 $2,210 4.50%

    For 2022, The Vinton County National Bank's most frequently cited loan duration was 30 Year, with 220 originations. The 2nd most popular length was 20 Year, with 132 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 318 $52,710,000 $165,755
    $1k-2k 86 $18,950,000 $220,349
    $2k-3k 29 $11,275,000 $388,793
    $3k-4k 11 $5,925,000 $538,636
    $4k-5k 7 $3,465,000 $495,000
    $5k+ 5 $3,015,000 $603,000

    The Vinton County National Bank's average total fees were $3,188, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 318 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 208 $47,530,000 $228,510
    3-4% 126 $30,110,000 $238,968
    5-6% 114 $21,720,000 $190,526
    6-7% 70 $10,280,000 $146,857
    7-8% 21 $2,655,000 $126,429
    Over 8% 18 $840,000 $46,667
    2.5-3% 11 $2,155,000 $195,909
    <2.5% 1 $105,000 $105,000

    During 2022, The Vinton County National Bank's average interest rate for loans was 4.94%, while their most frequently originated rate bucket for loans was 4-5%, with 208 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 184 $11,620,000 $63,152 $2,429 5.56%
    $100k-200k 165 $23,775,000 $144,091 $3,112 4.99%
    $200k-400k 159 $44,095,000 $277,327 $3,871 4.65%
    $400k-600k 41 $19,635,000 $478,902 $5,614 4.30%
    $600k-1MM 16 $11,170,000 $698,125 $7,602 4.46%
    $1MM+ 4 $5,100,000 $1,275,000 $7,953 4.91%

    2022 saw The Vinton County National Bank place emphasis on $100,000 or less loans with 184 originations, totaling $11,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 114 $27,230,000 $238,860 $3,625 4.79%
    $75k-100k 98 $16,590,000 $169,286 $3,330 4.99%
    $50k-75k 94 $12,580,000 $133,830 $2,982 5.28%
    $50k or less 86 $7,730,000 $89,884 $2,689 5.27%
    $150k-250k 71 $22,485,000 $316,690 $4,499 4.68%
    $250k+ 31 $13,155,000 $424,355 $5,282 4.76%

    The Vinton County National Bank lent most frequently to those with incomes in the $100k-150k range, with 114 originations. The second most popular income band? $75k-100k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 118 $22,360,000 $189,492 $3,299 4.90%
    30-36% 114 $23,100,000 $202,632 $3,476 4.86%
    <20% 47 $6,465,000 $137,553 $3,198 4.70%
    36% 31 $6,225,000 $200,806 $3,649 5.68%
    42% 22 $5,670,000 $257,727 $3,623 4.82%
    40% 22 $6,280,000 $285,455 $3,963 4.91%
    37% 21 $4,365,000 $207,857 $3,537 5.05%
    38% 21 $5,325,000 $253,571 $3,561 5.33%
    39% 16 $3,770,000 $235,625 $3,744 4.86%
    41% 13 $3,165,000 $243,462 $4,343 4.89%
    43% 10 $2,550,000 $255,000 $3,837 5.19%
    50-60% 7 $2,165,000 $309,286 $3,849 4.59%
    45% 7 $1,415,000 $202,143 $2,815 5.61%
    44% 6 $910,000 $151,667 $3,440 5.50%
    47% 5 $1,105,000 $221,000 $4,346 5.03%
    48% 4 $670,000 $167,500 $3,199 5.88%
    49% 1 $135,000 $135,000 $3,025 5.88%
    >60% 1 $365,000 $365,000 $3,442 4.75%

    The Vinton County National Bank lent most frequently to those with DTI ratios of 20-30%, with 118 originations. The next most common DTI ratio? 30-36%, with 114 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 349 $67,265,000 $192,736 $3,474 4.97%
    Not provided 146 $32,210,000 $220,616 $3,493 5.04%
    Not applicable 70 $14,210,000 $203,000 $0 5.22%
    Black 2 $900,000 $450,000 $9,876 5.21%
    Asian 2 $810,000 $405,000 $3,373 4.56%

    Approval Rates

    Total approvals of all applications
    87.17%

    The Vinton County National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.44%

    The Vinton County National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    250.0 8 $230,000 $28,750
    NA 561 $115,165,000 $205,285

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    569 $115,395,000 $202,803

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $5,920,000 $102,069 $2,751 5.00%
    40-60% 93 $15,415,000 $165,753 $3,213 4.94%
    60-80% 202 $44,920,000 $222,376 $3,895 4.96%
    80-100% 195 $47,895,000 $245,615 $3,700 4.95%
    Under 20% 21 $1,245,000 $59,286 $1,798 6.52%