Eaton Community Bank Mortgage Rates, Fees & Info

Charlotte, MS

LEI: 54930089XPEJZALBU127

Tax ID: 38-0414093

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Eaton Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Eaton Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lansing, Grand Rapids, Battle Creek, Detroit, and Adrian among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Eaton Community 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.

    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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    Originations

    108

    Origination Dollar Volume (All Markets)

    $20,160,000

    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
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 80 $12,700,000 $158,750 $0 0.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 12 $3,110,000 $259,167 $0 0.00%
    BATTLE CREEK, MI (FHA|USDA|VA) 5 $2,195,000 $439,000 $0 0.00%
    Outside of Metro Areas 6 $1,260,000 $210,000 $0 0.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $585,000 $195,000 $0 0.00%
    Adrian, MI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Big Rapids, MI (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Eaton Community Bank's top markets include Lansing, Grand Rapids, Battle Creek, Detroit, and Adrian among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $20,160,000 $186,667 $0 0.00%

    For 2022, Eaton Community Bank's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 51 $10,805,000 $211,863 $0 0.00%
    Refi 40 $7,800,000 $195,000 $0 0.00%
    Other 15 $1,205,000 $80,333 $0 0.00%
    Home Improvement 2 $350,000 $175,000 $0 0.00%

    For 2022, Eaton Community Bank's most frequently cited loan purpose was Home Purchase, with 51 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $20,160,000 $186,667 $0 0.00%

    For 2022, Eaton Community Bank's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 43 $6,205,000 $144,302 $0 0.00%
    $100,000 or less 31 $1,845,000 $59,516 $0 0.00%
    $200k-400k 28 $7,500,000 $267,857 $0 0.00%
    $600k-1MM 3 $2,485,000 $828,333 $0 0.00%
    $400k-600k 2 $1,060,000 $530,000 $0 0.00%
    $1MM+ 1 $1,065,000 $1,065,000 $0 0.00%

    2022 saw Eaton Community Bank place emphasis on $100k-200k loans with 43 originations, totaling $6,205,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $3,460,000 $133,077 $0 0.00%
    $50k or less 18 $1,530,000 $85,000 $0 0.00%
    $100k-150k 15 $3,405,000 $227,000 $0 0.00%
    $75k-100k 15 $2,695,000 $179,667 $0 0.00%
    $150k-250k 14 $2,810,000 $200,714 $0 0.00%
    $250k+ 2 $1,200,000 $600,000 $0 0.00%

    Eaton Community Bank lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $20,160,000 $186,667 $0 0.00%

    Eaton Community Bank lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 90 $16,600,000 $184,444 $0 0.00%
    Not applicable 13 $3,225,000 $248,077 $0 0.00%
    Not provided 4 $270,000 $67,500 $0 0.00%
    American Indian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.76%

    Eaton Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    64.81%

    Eaton Community Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $20,160,000 $186,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    108 $20,160,000 $186,667