Hancock County Savings Bank Fsb Mortgage Rates, Fees & Info

CHESTER, WV

LEI: 549300C6CUP19I9O0770

Tax ID: 55-0188195

5 stars - Updated: 7/20/24 - out of 5 stars, based on 22 reviews

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

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Mortgage Data

Review & Overview

Hancock County Savings Bank Fsb is a smaller bank specializing in Home Purchase loans. Hancock County Savings Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Weirton, Salem, Pittsburgh, and Wheeling among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Hancock County Savings Bank Fsb has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hancock County Savings Bank Fsb 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 4.70% 7/20/24
30 Year Conventional Purchase 6.07% 7/20/24
30 Year Conventional Refi 5.99% 7/20/24
15 Year Conventional Purchase 5.42% 7/20/24
15 Year Conventional Refi 5.45% 7/20/24
15 Year Cash-out Refi 5.45% 7/20/24
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.

Hancock County Savings Bank Fsb Mortgage Calculator






Your Estimates

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

This is not an official calculator from Hancock County Savings Bank Fsb. 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

498

Origination Dollar Volume (All Markets)

$47,880,000
Show all (6) awards

Relative Rate

Hancock County Savings Bank Fsb's average 30 year fixed mortgage rate was 6.37%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.11%.

Relative Fees (Closing Costs)

Hancock County Savings Bank Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $2,135.

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
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 339 $31,325,000 $92,404 $1,749 5.88%
Salem, OH (FHA|USDA|VA) 124 $13,340,000 $107,581 $1,720 5.71%
PITTSBURGH, PA (FHA|USDA|VA) 29 $2,825,000 $97,414 $2,734 5.09%
WHEELING, WV-OH (FHA|USDA|VA) 6 $390,000 $65,000 $679 5.46%
Hancock County Savings Bank Fsb's top markets include Weirton, Salem, Pittsburgh, and Wheeling among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HANCOCK COUNTY SAVINGS BANK FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    TRI BORO
    Similarity Rank: 24
    Seven Seventeen Credit Union
    Similarity Rank: 102
    InFirst Bank
    Similarity Rank: 300
    AmeriServ Financial Bank
    Similarity Rank: 384
    Washington Financial Bank
    Similarity Rank: 510
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 572
    Community Bank
    Similarity Rank: 572

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 373 $39,855,000 $106,850 $1,784 6.64%
    HELOC 125 $8,025,000 $64,200 n/a 3.25%

    For 2023, Hancock County Savings Bank Fsb's most frequently originated type of loan was Conventional, with 373 originations. Their 2nd most popular type was HELOC, with 125 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 249 $29,915,000 $120,141 $2,101 6.36%
    Home Improvement 109 $5,945,000 $54,541 $937 4.93%
    Refi 72 $8,240,000 $114,444 $1,854 5.95%
    Other 68 $3,780,000 $55,588 $735 4.89%

    For 2023, Hancock County Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 249 originations. The 2nd most popular reason was Home Improvement, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 224 $30,440,000 $135,893 $2,135 6.37%
    20 Year 178 $12,630,000 $70,955 $2,045 4.41%
    10 Year 77 $3,325,000 $43,182 $703 7.13%
    15 Year 10 $700,000 $70,000 $2,004 6.09%
    5 Year 7 $215,000 $30,714 $723 6.80%
    Other 2 $570,000 $285,000 $3,406 6.00%

    For 2023, Hancock County Savings Bank Fsb's most frequently cited loan duration was 30 Year, with 224 originations. The 2nd most popular length was 20 Year, with 178 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 324 $36,030,000 $111,204

    Hancock County Savings Bank Fsb's average total fees were $2,135, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 324 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 188 $20,770,000 $110,479
    3-4% 125 $8,025,000 $64,200
    7-8% 112 $9,380,000 $83,750
    5-6% 55 $7,185,000 $130,636
    Over 8% 12 $460,000 $38,333
    4-5% 4 $1,240,000 $310,000
    2.5-3% 2 $820,000 $410,000

    During 2023, Hancock County Savings Bank Fsb's average interest rate for loans was 6.37%, while their most frequently originated rate bucket for loans was 6-7%, with 188 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 337 $18,365,000 $54,496 $1,388 5.65%
    $100k-200k 123 $16,715,000 $135,894 $2,088 6.12%
    $200k-400k 29 $8,255,000 $284,655 $2,893 6.13%
    $400k-600k 8 $3,920,000 $490,000 $3,907 5.67%
    $600k-1MM 1 $625,000 $625,000 $3,283 3.00%

    2023 saw Hancock County Savings Bank Fsb place emphasis on $100,000 or less loans with 337 originations, totaling $18,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 115 $9,025,000 $78,478 $1,651 5.95%
    $100k-150k 110 $11,390,000 $103,545 $1,797 5.56%
    $50k or less 110 $7,650,000 $69,545 $1,703 6.02%
    $75k-100k 91 $7,585,000 $83,352 $1,639 5.68%
    $150k-250k 60 $9,550,000 $159,167 $2,873 5.74%
    $250k+ 9 $2,415,000 $268,333 $2,531 4.68%

    Hancock County Savings Bank Fsb lent most frequently to those with incomes in the $50k-75k range, with 115 originations. The second most popular income band? $100k-150k, with 110 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 147 $12,715,000 $86,497 $1,719 5.77%
    30-36% 117 $12,685,000 $108,419 $1,960 5.84%
    <20% 79 $7,185,000 $90,949 $1,761 5.48%
    40% 29 $3,325,000 $114,655 $1,913 5.57%
    38% 28 $3,120,000 $111,429 $1,795 5.87%
    39% 23 $2,035,000 $88,478 $1,485 5.45%
    36% 21 $1,515,000 $72,143 $1,569 5.42%
    37% 19 $1,775,000 $93,421 $1,603 5.79%
    41% 7 $795,000 $113,571 $1,911 6.25%
    42% 4 $350,000 $87,500 $1,998 6.38%
    44% 3 $285,000 $95,000 $2,251 7.13%
    45% 1 $75,000 $75,000 $1,456 6.50%

    Hancock County Savings Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 147 originations. The next most common DTI ratio? 30-36%, with 117 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 488 $46,830,000 $95,963 $1,778 5.80%
    Black 8 $620,000 $77,500 $1,953 5.47%
    Filipino 1 $355,000 $355,000 $2,902 6.50%
    Not provided 1 $75,000 $75,000 $0 3.25%

    Approval Rates

    Total approvals of all applications
    91.72%

    Hancock County Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.95%

    Hancock County Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1032.39 1 $55,000 $55,000
    1044.69 1 $95,000 $95,000
    1099.57 1 $125,000 $125,000
    1102.94 1 $55,000 $55,000
    1103.82 1 $35,000 $35,000
    1142.53 1 $185,000 $185,000
    1198.57 1 $205,000 $205,000
    1214.78 1 $55,000 $55,000
    1243.28 1 $205,000 $205,000
    1309.39 1 $145,000 $145,000
    1322.98 1 $75,000 $75,000
    1560.44 1 $125,000 $125,000
    218.88 1 $425,000 $425,000
    247.39 1 $25,000 $25,000
    273.28 1 $15,000 $15,000
    52.0 1 $25,000 $25,000
    53.0 1 $75,000 $75,000
    553.0 1 $35,000 $35,000
    568.28 1 $65,000 $65,000
    569.28 1 $35,000 $35,000
    569.57 1 $35,000 $35,000
    585.57 2 $120,000 $60,000
    594.28 1 $55,000 $55,000
    594.57 2 $280,000 $140,000
    597.39 1 $45,000 $45,000
    610.57 4 $200,000 $50,000
    618.28 2 $110,000 $55,000
    619.28 3 $115,000 $38,333
    619.69 1 $25,000 $25,000
    622.28 1 $45,000 $45,000
    628.28 1 $45,000 $45,000
    629.69 1 $55,000 $55,000
    634.28 1 $35,000 $35,000
    634.57 1 $15,000 $15,000
    635.57 2 $130,000 $65,000
    644.28 1 $45,000 $45,000
    644.57 2 $100,000 $50,000
    650.57 1 $35,000 $35,000
    668.28 1 $55,000 $55,000
    685.44 1 $35,000 $35,000
    685.57 1 $35,000 $35,000
    693.28 1 $55,000 $55,000
    697.39 1 $85,000 $85,000
    703.28 1 $35,000 $35,000
    704.69 1 $15,000 $15,000
    715.85 1 $35,000 $35,000
    718.28 1 $25,000 $25,000
    719.57 1 $35,000 $35,000
    719.69 1 $15,000 $15,000
    724.89 1 $35,000 $35,000
    726.94 1 $55,000 $55,000
    729.6 1 $35,000 $35,000
    730.69 1 $45,000 $45,000
    734.69 1 $35,000 $35,000
    738.28 1 $25,000 $25,000
    740.28 1 $55,000 $55,000
    742.39 1 $65,000 $65,000
    743.28 3 $165,000 $55,000
    748.39 1 $45,000 $45,000
    752.32 1 $35,000 $35,000
    753.28 1 $55,000 $55,000
    754.57 2 $110,000 $55,000
    763.28 1 $45,000 $45,000
    766.57 1 $45,000 $45,000
    768.28 2 $140,000 $70,000
    769.57 1 $45,000 $45,000
    778.66 1 $45,000 $45,000
    794.57 1 $15,000 $15,000
    803.53 1 $25,000 $25,000
    805.57 1 $85,000 $85,000
    812.44 1 $75,000 $75,000
    819.57 3 $195,000 $65,000
    819.69 1 $75,000 $75,000
    824.89 1 $75,000 $75,000
    830.14 1 $65,000 $65,000
    832.19 1 $45,000 $45,000
    836.03 1 $125,000 $125,000
    847.32 1 $75,000 $75,000
    847.39 1 $45,000 $45,000
    851.28 1 $35,000 $35,000
    852.64 1 $145,000 $145,000
    853.57 1 $95,000 $95,000
    855.78 1 $75,000 $75,000
    857.71 1 $35,000 $35,000
    862.39 1 $15,000 $15,000
    865.35 1 $25,000 $25,000
    87.0 3 $115,000 $38,333
    873.78 1 $45,000 $45,000
    874.57 1 $55,000 $55,000
    879.57 1 $105,000 $105,000
    884.39 1 $85,000 $85,000
    894.57 1 $55,000 $55,000
    917.82 1 $105,000 $105,000
    923.28 1 $65,000 $65,000
    929.57 1 $95,000 $95,000
    930.78 1 $55,000 $55,000
    949.57 1 $105,000 $105,000
    956.28 1 $95,000 $95,000
    972.39 1 $75,000 $75,000
    983.28 1 $85,000 $85,000
    983.57 1 $125,000 $125,000
    992.82 1 $55,000 $55,000
    999.57 1 $85,000 $85,000
    NA 377 $40,095,000 $106,353

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    498 $47,880,000 $96,145

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 104 $5,990,000 $57,596 $990 4.96%
    40-60% 67 $5,935,000 $88,582 $1,773 5.76%
    60-80% 141 $18,385,000 $130,390 $2,130 6.44%
    80-100% 113 $14,965,000 $132,434 $2,112 6.34%
    Under 20% 73 $2,605,000 $35,685 $637 4.88%