The Vinton County National Bank Mortgage Rates, Fees & Info

McArthur, OH

LEI: 54930087JNDLPJWOLV11

Tax ID: 31-4332540

5 stars - Updated: 3/28/24 - out of 5 stars, based on 25 reviews

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

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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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.66% 3/28/24
30 Year Conventional Refi 6.85% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.15% 3/28/24
15 Year Conventional Refi 6.74% 3/28/24
15 Year Cash-out Refi 6.74% 3/28/24
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






Your Estimates

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

This is not an official calculator from The Vinton County National Bank. 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

646

Origination Dollar Volume (All Markets)

$105,710,000

Awards

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

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%
The Vinton County National Bank's top markets include Columbus, Chillicothe, Jackson, Athens, and Portsmouth 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.

    The Ohio Valley Bank Company
    Similarity Rank: 45
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    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 304 $64,170,000 $211,086 $3,750 7.32%
    Refi 129 $22,245,000 $172,442 $2,888 7.90%
    Other 121 $10,655,000 $88,058 $2,479 8.40%
    Home Improvement 92 $8,640,000 $93,913 $2,946 8.46%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 221 $18,285,000 $82,738 $1,907 8.57%
    30 Year 157 $29,245,000 $186,274 $3,033 7.06%
    20 Year 102 $13,440,000 $131,765 $2,746 7.97%
    30+ year 92 $30,680,000 $333,478 $4,895 6.51%
    Other 37 $9,725,000 $262,838 $3,594 8.00%
    10 Year 26 $1,220,000 $46,923 $2,181 8.91%
    1 Year 8 $900,000 $112,500 $0 9.03%
    5 Year 3 $2,215,000 $738,333 $0 8.08%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 242 $36,160,000 $149,421
    $1k-2k 78 $18,520,000 $237,436
    $2k-3k 18 $8,420,000 $467,778
    $3k-4k 9 $5,275,000 $586,111
    $4k-5k 1 $305,000 $305,000
    $5k+ 1 $525,000 $525,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 322 $20,030,000 $62,205 $2,471 8.44%
    $100k-200k 155 $22,395,000 $144,484 $3,001 7.39%
    $200k-400k 122 $34,860,000 $285,738 $4,049 6.92%
    $400k-600k 30 $14,490,000 $483,000 $5,721 6.92%
    $600k-1MM 13 $9,275,000 $713,462 $6,262 7.10%
    $1MM+ 4 $4,660,000 $1,165,000 $0 7.88%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 148 $24,250,000 $163,851 $3,693 7.62%
    $50k-75k 129 $11,785,000 $91,357 $2,753 8.03%
    $75k-100k 103 $15,905,000 $154,417 $3,225 7.63%
    $150k-250k 99 $21,355,000 $215,707 $4,532 7.64%
    $50k or less 69 $5,555,000 $80,507 $2,715 8.14%
    $250k+ 40 $12,900,000 $322,500 $4,505 7.86%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 138 $24,610,000 $178,333 $3,745 7.68%
    20-30% 131 $16,835,000 $128,511 $3,342 7.82%
    <20% 49 $4,695,000 $95,816 $2,742 7.71%
    42% 42 $5,890,000 $140,238 $3,170 7.98%
    41% 33 $4,415,000 $133,788 $3,279 7.94%
    37% 32 $5,960,000 $186,250 $3,687 7.63%
    36% 27 $3,905,000 $144,630 $3,177 7.81%
    38% 26 $5,960,000 $229,231 $3,835 7.45%
    40% 19 $2,955,000 $155,526 $3,440 7.73%
    39% 18 $2,990,000 $166,111 $3,274 7.67%
    43% 12 $1,680,000 $140,000 $2,722 8.39%
    50-60% 8 $1,440,000 $180,000 $3,209 7.55%
    45% 6 $880,000 $146,667 $2,968 8.29%
    >60% 5 $1,805,000 $361,000 $3,340 7.80%
    49% 5 $1,125,000 $225,000 $3,951 8.08%
    44% 4 $370,000 $92,500 $3,145 8.41%
    46% 4 $830,000 $207,500 $3,436 7.41%
    48% 1 $115,000 $115,000 $2,947 7.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 499 $73,105,000 $146,503 $3,409 7.87%
    Not provided 92 $18,900,000 $205,435 $3,431 7.37%
    Not applicable 49 $13,425,000 $273,980 $2,816 7.85%
    Black 4 $140,000 $35,000 $0 8.06%
    Asian 1 $75,000 $75,000 $2,488 6.50%
    Other Asian 1 $65,000 $65,000 $0 9.75%

    Approval Rates

    Total approvals of all applications
    84.11%

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

    Pick Rate

    Approvals leading to origination
    85.29%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    646 $105,710,000 $163,638

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 115 $10,985,000 $95,522 $2,549 8.19%
    40-60% 80 $14,550,000 $181,875 $3,522 7.96%
    60-80% 154 $33,670,000 $218,636 $3,596 7.58%
    80-100% 170 $39,540,000 $232,588 $3,673 7.12%
    Under 20% 127 $6,965,000 $54,843 $1,876 8.53%