The Old Point National Bank Of Phoebus Mortgage Rates, Fees & Info
Hampton, VALEI: 549300CPWNBJ0UCBZ853
Tax ID: 54-0325370
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Mortgage Data
Review & Overview
The Old Point National Bank Of Phoebus is a smaller bank specializing in Home Purchase loans. The Old Point National Bank Of Phoebus has a high proportion of conventional loans. Their top markets by origination volume include: Virginia Beach, Richmond, Charlotte, Miami, and Washington among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)The Old Point National Bank Of Phoebus 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.
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Originations
320Origination Dollar Volume (All Markets)
$86,390,000Top 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 |
|---|---|---|---|---|---|
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 260 | $55,840,000 | $214,769 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 19 | $10,975,000 | $577,632 | $0 | 0.00% |
| Outside of Metro Areas | 18 | $10,040,000 | $557,778 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 11 | $4,125,000 | $375,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,505,000 | $1,505,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 0.00% |
| Elizabeth City, NC (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 320 | $86,390,000 | $269,969 | $0 | 0.00% |
For 2023, The Old Point National Bank Of Phoebus's most frequently originated type of loan was Conventional, with 320 originations.
Loan Reason
For 2023, The Old Point National Bank Of Phoebus's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Home Improvement, with 98 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 320 | $86,390,000 | $269,969 | $0 | 0.00% |
For 2023, The Old Point National Bank Of Phoebus's most frequently cited loan duration was Other, with 320 originations.
Loan Sizing
2023 saw The Old Point National Bank Of Phoebus place emphasis on $100,000 or less loans with 99 originations, totaling $5,755,000 in origination value.
Applicant Income
The Old Point National Bank Of Phoebus lent most frequently to those with incomes in the $150k-250k range, with 75 originations. The second most popular income band? $250k+, with 72 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 320 | $86,390,000 | $269,969 | $0 | 0.00% |
The Old Point National Bank Of Phoebus lent most frequently to those with DTI ratios of Exempt%, with 320 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.59%
The Old Point National Bank Of Phoebus has an average approval rate.
Pick Rate
Approvals leading to origination83.44%
The Old Point National Bank Of Phoebus has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 320 | $86,390,000 | $269,969 |