Miami University Community Mortgage Rates, Fees & Info
Oxford, OHLEI: 549300981UHFORU1HG39
Tax ID: 31-0822737
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Miami University Community is a smaller mortgage company specializing in Home Improvement loans. Miami University Community has a high proportion of conventional loans. Their top two markets are Cincinnati and Dayton .Miami University Community has an above average approval rate when compared to the average across all lenders.
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Originations
38Origination Dollar Volume (All Markets)
$2,270,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 32 | $2,010,000 | $62,813 | $610 | 8.44% |
| Outside of Metro Areas | 5 | $225,000 | $45,000 | $573 | 8.80% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $664 | 8.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against MIAMI UNIVERSITY COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 136
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 32 | $1,810,000 | $56,563 | $606 | 8.47% |
| HELOC | 6 | $460,000 | $76,667 | n/a | 8.50% |
For 2024, Miami University Community's most frequently originated type of loan was Conventional, with 32 originations. Their 2nd most popular type was HELOC, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 38 | $2,270,000 | $59,737 | $606 | 8.48% |
For 2024, Miami University Community's most frequently cited loan purpose was Home Improvement, with 38 originations.
Loan Duration/Length
For 2024, Miami University Community's most frequently cited loan duration was 15 Year, with 17 originations. The 2nd most popular length was Other, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 22 | $1,430,000 | $65,000 |
| 7-8% | 12 | $690,000 | $57,500 |
| 6-7% | 4 | $150,000 | $37,500 |
During 2024, Miami University Community's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 22 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 33 | $1,635,000 | $49,545 | $600 | 8.48% |
| $100k-200k | 5 | $635,000 | $127,000 | $664 | 8.50% |
2024 saw Miami University Community place emphasis on $100,000 or less loans with 33 originations, totaling $1,635,000 in origination value.
Applicant Income
Miami University Community lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
Miami University Community lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? <20%, with 8 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 38 | $2,270,000 | $59,737 | $606 | 8.48% |
Approval Rates
Total approvals of all applications100.00%
Miami University Community has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 38 | $2,270,000 | $59,737 |