Geauga Savings Bank Mortgage Rates, Fees & Info
Newbury, OHLEI: 549300ARSR92O18GPU60
Tax ID: 34-1375209
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Mortgage Data
Review & Overview
Geauga Savings Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Geauga Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cleveland, Akron, Ashtabula, Youngstown, and Wooster among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Geauga Savings Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
80Origination Dollar Volume (All Markets)
$14,200,000Top 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 |
---|---|---|---|---|---|
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 66 | $12,720,000 | $192,727 | $0 | 0.00% |
AKRON, OH (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 0.00% |
Ashtabula, OH (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Outside of Metro Areas | 2 | $180,000 | $90,000 | $0 | 0.00% |
Wooster, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Salem, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
MANSFIELD, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 80 | $14,200,000 | $177,500 | $0 | 0.00% |
For 2019, Geauga Savings Bank's most frequently originated type of loan was Conventional, with 80 originations.
Loan Reason
For 2019, Geauga Savings Bank's most frequently cited loan purpose was Home Purchase, with 39 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 80 | $14,200,000 | $177,500 | $0 | 0.00% |
For 2019, Geauga Savings Bank's most frequently cited loan duration was Other, with 80 originations.
Loan Sizing
2019 saw Geauga Savings Bank place emphasis on $100,000 or less loans with 28 originations, totaling $1,860,000 in origination value.
Applicant Income
Geauga Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $50k-75k, with 16 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 80 | $14,200,000 | $177,500 | $0 | 0.00% |
Geauga Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications67.14%
Geauga Savings Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination86.25%
Geauga Savings Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 80 | $14,200,000 | $177,500 |