The Commercial Bank Of Grayson Mortgage Rates, Fees & Info
Grayson, KYLEI: 549300C88V21IBGP5Y54
Tax ID: 61-1051197
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
The Commercial Bank Of Grayson is a smaller bank specializing in Home Purchase loans. The Commercial Bank Of Grayson has a high proportion of conventional loans. Their top (well, only) market is Huntington.The Commercial Bank Of Grayson 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.
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Originations
151Origination Dollar Volume (All Markets)
$16,695,000Top 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 |
|---|---|---|---|---|---|
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 139 | $14,995,000 | $107,878 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $1,700,000 | $141,667 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $16,695,000 | $110,563 | $0 | 0.00% |
For 2024, The Commercial Bank Of Grayson's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2024, The Commercial Bank Of Grayson's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 39 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $16,695,000 | $110,563 | $0 | 0.00% |
For 2024, The Commercial Bank Of Grayson's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2024 saw The Commercial Bank Of Grayson place emphasis on $100,000 or less loans with 92 originations, totaling $4,390,000 in origination value.
Applicant Income
The Commercial Bank Of Grayson lent most frequently to those with incomes in the $100k-150k range, with 22 originations. The second most popular income band? $150k-250k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $16,695,000 | $110,563 | $0 | 0.00% |
The Commercial Bank Of Grayson lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
The Commercial Bank Of Grayson has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination90.07%
The Commercial Bank Of Grayson has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 151 | $16,695,000 | $110,563 |