Hancock County Savings Bank Fsb Mortgage Rates, Fees & Info

CHESTER, WV

LEI: 549300C6CUP19I9O0770

Tax ID: 55-0188195

5 stars - Updated: 9/25/23 - out of 5 stars, based on 27 reviews

Latest/2022 | 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 and Refi 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 an above 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 about average 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% 9/25/23
30 Year Conventional Purchase 6.07% 9/25/23
30 Year Conventional Refi 5.99% 9/25/23
15 Year Conventional Purchase 5.42% 9/25/23
15 Year Conventional Refi 5.45% 9/25/23
15 Year Cash-out Refi 5.45% 9/25/23
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

730

Origination Dollar Volume (All Markets)

$72,240,000

Awards

HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans gold HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans gold HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans gold HANCOCK COUNTY SAVINGS BANK FSB 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Hancock County Savings Bank Fsb's average 30 year fixed mortgage rate was 4.26%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of -0.5%.

Relative Fees (Closing Costs)

Hancock County Savings Bank Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $2,151.

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 $4,750.

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) 479 $41,525,000 $86,691 $1,832 4.06%
Salem, OH (FHA|USDA|VA) 179 $19,625,000 $109,637 $1,737 4.19%
PITTSBURGH, PA (FHA|USDA|VA) 57 $8,595,000 $150,789 $3,115 3.82%
WHEELING, WV-OH (FHA|USDA|VA) 15 $2,495,000 $166,333 $2,224 3.87%
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: 208
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 322
    Seven Seventeen Credit Union
    Similarity Rank: 360
    Clear Mountain Bank
    Similarity Rank: 580
    AmeriServ Financial Bank
    Similarity Rank: 1056
    Washington Financial Bank
    Similarity Rank: 1290

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 518 $62,200,000 $120,077 $1,915 4.40%
    HELOC 212 $10,040,000 $47,358 n/a 3.25%

    For 2022, Hancock County Savings Bank Fsb's most frequently originated type of loan was Conventional, with 518 originations. Their 2nd most popular type was HELOC, with 212 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 292 $38,650,000 $132,363 $2,142 4.59%
    Home Improvement 209 $10,325,000 $49,402 $1,106 3.71%
    Refi 169 $20,695,000 $122,456 $1,901 3.76%
    Other 60 $2,570,000 $42,833 $1,055 3.65%

    For 2022, Hancock County Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 292 originations. The 2nd most popular reason was Home Improvement, with 209 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 304 $19,410,000 $63,849 $1,896 3.83%
    30 Year 302 $44,380,000 $146,954 $2,151 4.26%
    10 Year 56 $2,610,000 $46,607 $844 4.72%
    15 Year 54 $4,730,000 $87,593 $1,813 3.65%
    Other 9 $985,000 $109,444 $1,765 3.50%
    5 Year 5 $125,000 $25,000 $646 5.00%

    For 2022, Hancock County Savings Bank Fsb's most frequently cited loan duration was 20 Year, with 304 originations. The 2nd most popular length was 30 Year, with 302 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 451 $56,595,000 $125,488

    Hancock County Savings Bank Fsb's average total fees were $2,151, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 451 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 410 $37,910,000 $92,463
    5-6% 121 $11,835,000 $97,810
    4-5% 102 $12,430,000 $121,863
    2.5-3% 48 $5,160,000 $107,500
    6-7% 44 $4,610,000 $104,773
    7-8% 5 $295,000 $59,000

    During 2022, Hancock County Savings Bank Fsb's average interest rate for loans was 4.26%, while their most frequently originated rate bucket for loans was 3-4%, with 410 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 494 $26,120,000 $52,874 $1,534 4.02%
    $100k-200k 160 $22,150,000 $138,438 $2,013 4.20%
    $200k-400k 66 $17,700,000 $268,182 $2,841 4.08%
    $400k-600k 7 $3,345,000 $477,857 $4,044 4.07%
    $600k-1MM 2 $1,560,000 $780,000 $4,245 4.13%
    $1MM+ 1 $1,365,000 $1,365,000 $6,768 3.25%

    2022 saw Hancock County Savings Bank Fsb place emphasis on $100,000 or less loans with 494 originations, totaling $26,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 174 $14,410,000 $82,816 $1,739 4.04%
    $50k or less 168 $11,910,000 $70,893 $1,758 4.14%
    $100k-150k 164 $19,580,000 $119,390 $2,226 3.93%
    $75k-100k 130 $12,300,000 $94,615 $2,041 4.09%
    $150k-250k 58 $9,160,000 $157,931 $2,433 4.21%
    $250k+ 14 $2,950,000 $210,714 $2,671 4.66%

    Hancock County Savings Bank Fsb lent most frequently to those with incomes in the $50k-75k range, with 174 originations. The second most popular income band? $50k or less, with 168 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 225 $21,895,000 $97,311 $1,866 3.95%
    30-36% 166 $16,330,000 $98,373 $1,970 4.13%
    <20% 121 $10,235,000 $84,587 $1,834 3.96%
    39% 52 $5,970,000 $114,808 $2,552 3.93%
    38% 35 $3,965,000 $113,286 $2,083 4.14%
    36% 32 $2,640,000 $82,500 $1,902 3.77%
    37% 30 $4,020,000 $134,000 $2,144 4.02%
    40% 21 $1,905,000 $90,714 $1,692 4.19%
    >60% 3 $505,000 $168,333 $1,136 3.21%
    41% 3 $275,000 $91,667 $1,453 4.92%
    43% 2 $410,000 $205,000 $3,349 5.88%
    42% 2 $240,000 $120,000 $1,596 5.25%
    50-60% 1 $145,000 $145,000 $1,272 3.25%

    Hancock County Savings Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 225 originations. The next most common DTI ratio? 30-36%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 710 $70,440,000 $99,211 $1,916 4.04%
    Black 17 $1,635,000 $96,176 $1,880 5.00%
    American Indian 1 $95,000 $95,000 $0 3.25%
    Asian 2 $70,000 $35,000 $0 5.13%

    Approval Rates

    Total approvals of all applications
    93.57%

    Hancock County Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.33%

    Hancock County Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1005.7 1 $85,000 $85,000
    1013.88 1 $65,000 $65,000
    1023.44 1 $45,000 $45,000
    1035.44 1 $55,000 $55,000
    109.25 1 $25,000 $25,000
    1115.38 1 $55,000 $55,000
    1166.17 1 $35,000 $35,000
    1185.71 1 $65,000 $65,000
    1188.04 1 $35,000 $35,000
    1188.09 1 $5,000 $5,000
    1232.66 1 $65,000 $65,000
    1233.88 1 $125,000 $125,000
    126.13 1 $65,000 $65,000
    1279.88 1 $195,000 $195,000
    130.44 1 $35,000 $35,000
    1306.99 1 $65,000 $65,000
    131.44 1 $105,000 $105,000
    1325.26 1 $155,000 $155,000
    136.85 2 $70,000 $35,000
    1397.44 1 $105,000 $105,000
    1460.44 1 $305,000 $305,000
    156.85 1 $15,000 $15,000
    160.44 1 $55,000 $55,000
    161.85 7 $165,000 $23,571
    166.7 2 $50,000 $25,000
    1671.51 1 $295,000 $295,000
    168.88 1 $55,000 $55,000
    169.0 1 $15,000 $15,000
    170.08 1 $25,000 $25,000
    171.7 5 $205,000 $41,000
    172.88 1 $25,000 $25,000
    189.0 1 $55,000 $55,000
    195.44 1 $85,000 $85,000
    203.88 1 $75,000 $75,000
    205.44 1 $65,000 $65,000
    206.7 5 $145,000 $29,000
    207.38 1 $15,000 $15,000
    210.44 1 $35,000 $35,000
    211.44 1 $35,000 $35,000
    211.85 4 $110,000 $27,500
    216.85 1 $35,000 $35,000
    218.88 1 $55,000 $55,000
    219.0 1 $25,000 $25,000
    219.44 1 $55,000 $55,000
    221.7 3 $45,000 $15,000
    221.85 1 $35,000 $35,000
    223.88 1 $45,000 $45,000
    245.44 1 $65,000 $65,000
    246.85 2 $80,000 $40,000
    247.7 1 $25,000 $25,000
    254.88 1 $55,000 $55,000
    255.44 1 $25,000 $25,000
    278.95 1 $35,000 $35,000
    279.6 1 $65,000 $65,000
    290.88 1 $45,000 $45,000
    321.88 1 $35,000 $35,000
    330.51 1 $45,000 $45,000
    336.85 1 $15,000 $15,000
    34.0 1 $15,000 $15,000
    344.0 1 $25,000 $25,000
    347.7 1 $35,000 $35,000
    363.0 1 $65,000 $65,000
    365.44 1 $25,000 $25,000
    375.0 3 $105,000 $35,000
    425.0 1 $205,000 $205,000
    438.88 1 $45,000 $45,000
    47.0 1 $25,000 $25,000
    48.0 4 $70,000 $17,500
    506.85 1 $45,000 $45,000
    51.88 1 $55,000 $55,000
    52.0 3 $165,000 $55,000
    526.44 1 $25,000 $25,000
    530.7 1 $25,000 $25,000
    535.44 1 $25,000 $25,000
    56.0 1 $15,000 $15,000
    560.44 1 $15,000 $15,000
    568.88 3 $65,000 $21,667
    585.44 1 $75,000 $75,000
    590.44 1 $85,000 $85,000
    595.44 1 $45,000 $45,000
    596.7 1 $25,000 $25,000
    596.85 1 $65,000 $65,000
    597.35 1 $25,000 $25,000
    610.44 1 $45,000 $45,000
    61.44 1 $65,000 $65,000
    617.88 1 $35,000 $35,000
    618.88 4 $80,000 $20,000
    621.7 1 $55,000 $55,000
    622.69 1 $155,000 $155,000
    629.69 1 $45,000 $45,000
    631.1 1 $25,000 $25,000
    637.13 1 $75,000 $75,000
    640.44 2 $80,000 $40,000
    645.44 1 $45,000 $45,000
    652.44 1 $55,000 $55,000
    653.88 1 $75,000 $75,000
    655.44 1 $45,000 $45,000
    660.44 3 $65,000 $21,667
    661.85 1 $75,000 $75,000
    662.5 1 $25,000 $25,000
    663.94 1 $35,000 $35,000
    664.0 1 $45,000 $45,000
    665.44 1 $25,000 $25,000
    67.0 1 $25,000 $25,000
    678.88 1 $25,000 $25,000
    689.45 1 $155,000 $155,000
    693.88 1 $55,000 $55,000
    695.44 2 $60,000 $30,000
    69.88 1 $55,000 $55,000
    703.88 1 $105,000 $105,000
    705.1 1 $25,000 $25,000
    705.44 1 $45,000 $45,000
    706.88 1 $35,000 $35,000
    707.44 1 $45,000 $45,000
    716.38 1 $35,000 $35,000
    717.93 1 $35,000 $35,000
    718.88 2 $70,000 $35,000
    721.7 1 $25,000 $25,000
    723.94 1 $25,000 $25,000
    728.19 1 $35,000 $35,000
    729.0 1 $95,000 $95,000
    733.6 1 $55,000 $55,000
    735.44 1 $55,000 $55,000
    74.0 1 $35,000 $35,000
    741.85 1 $35,000 $35,000
    748.88 1 $65,000 $65,000
    749.0 1 $35,000 $35,000
    750.44 1 $55,000 $55,000
    751.0 1 $75,000 $75,000
    751.13 1 $55,000 $55,000
    753.95 1 $35,000 $35,000
    756.38 1 $35,000 $35,000
    757.94 1 $35,000 $35,000
    759.63 1 $35,000 $35,000
    761.85 1 $35,000 $35,000
    761.88 1 $45,000 $45,000
    766.94 1 $55,000 $55,000
    769.38 1 $25,000 $25,000
    770.44 1 $35,000 $35,000
    780.44 1 $55,000 $55,000
    795.44 1 $75,000 $75,000
    804.2 1 $85,000 $85,000
    808.22 1 $25,000 $25,000
    818.13 1 $45,000 $45,000
    826.38 1 $55,000 $55,000
    845.44 1 $55,000 $55,000
    848.7 1 $45,000 $45,000
    848.88 1 $65,000 $65,000
    857.88 1 $45,000 $45,000
    865.44 1 $95,000 $95,000
    87.0 9 $305,000 $33,889
    876.85 1 $45,000 $45,000
    882.94 1 $25,000 $25,000
    899.44 1 $95,000 $95,000
    908.88 1 $45,000 $45,000
    911.63 1 $75,000 $75,000
    919.88 1 $105,000 $105,000
    925.2 1 $65,000 $65,000
    928.88 1 $25,000 $25,000
    95.0 1 $15,000 $15,000
    956.88 1 $25,000 $25,000
    96.25 1 $15,000 $15,000
    972.44 1 $125,000 $125,000
    972.7 1 $35,000 $35,000
    993.88 1 $55,000 $55,000
    NA 518 $62,200,000 $120,077

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    730 $72,240,000 $98,959

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 131 $7,175,000 $54,771 $1,388 3.68%
    40-60% 92 $9,910,000 $107,717 $1,884 4.06%
    60-80% 231 $31,785,000 $137,597 $2,179 4.26%
    80-100% 154 $19,680,000 $127,792 $1,972 4.49%
    Under 20% 122 $3,690,000 $30,246 $667 3.59%