Cincinnati Ohio Police Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300CZVVHZY16D5T08

Tax ID: 31-0278853

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cincinnati Ohio Police is a smaller mortgage company specializing in Home Improvement and Home Purchase loans. Cincinnati Ohio Police has a high proportion of conventional loans. Cincinnati Ohio Police has an average proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top (well, only) market is Cincinnati.

    Cincinnati Ohio Police has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Cincinnati Ohio Police 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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    Originations

    101

    Origination Dollar Volume (All Markets)

    $6,405,000

    Awards

    CINCINNATI OHIO POLICE 30 Year Conventional Loans bronze
    Show all (1) awards

    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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 100 $6,230,000 $62,300 $2,847 4.72%
    Outside of Metro Areas 1 $175,000 $175,000 $2,028 4.75%
    Cincinnati Ohio Police's top markets include and Cincinnati among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

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

    MIAMI UNIVERSITY COMMUNITY
    Similarity Rank: 120
    CINCINNATI OHIO POLICE
    Similarity Rank: 172
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 324
    CINFED Federal Credit Union
    Similarity Rank: 385
    Dearborn Savings Bank
    Similarity Rank: 510
    OPTION FINANCIAL, LLC
    Similarity Rank: 522
    Somerville Bank
    Similarity Rank: 612
    Forcht Bank
    Similarity Rank: 810
    The Friendship State Bank
    Similarity Rank: 820
    Civista Bank
    Similarity Rank: 840

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $4,110,000 $70,862 $2,638 4.74%
    Conventional 33 $1,345,000 $40,758 $0 0.00%
    HELOC 5 $165,000 $33,000 n/a 0.00%
    VA 4 $660,000 $165,000 $3,021 4.72%
    FHA 1 $125,000 $125,000 $4,453 4.38%

    For 2018, Cincinnati Ohio Police's most frequently originated type of loan was Conventional, with 58 originations. Their 2nd most popular type was Conventional, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 47 $1,645,000 $35,000 $0 0.00%
    Home Purchase 25 $2,965,000 $118,600 $2,841 4.70%
    Other 11 $465,000 $42,273 $2,295 4.88%
    Cash Out Refi 11 $1,025,000 $93,182 $2,800 4.75%
    Refi 7 $305,000 $43,571 $0 0.00%

    For 2018, Cincinnati Ohio Police's most frequently cited loan purpose was Home Improvement, with 47 originations. The 2nd most popular reason was Home Purchase, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $1,400,000 $38,889 $0 0.00%
    10 Year 19 $865,000 $45,526 $0 0.00%
    30 Year 18 $2,370,000 $131,667 $2,819 4.73%
    15 Year 13 $1,265,000 $97,308 $2,632 4.50%
    5 Year 9 $135,000 $15,000 $0 0.00%
    20 Year 6 $370,000 $61,667 $2,736 4.75%

    For 2018, Cincinnati Ohio Police's most frequently cited loan duration was Other, with 36 originations. The 2nd most popular length was 10 Year, with 19 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 15 $1,955,000 $130,333
    $1k-2k 1 $235,000 $235,000
    $2k-3k 1 $95,000 $95,000

    Cincinnati Ohio Police's average total fees were $2,819, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 19 $2,615,000 $137,632
    5-6% 1 $95,000 $95,000

    During 2018, Cincinnati Ohio Police's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 19 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $3,185,000 $40,316 $2,645 4.90%
    $100k-200k 19 $2,575,000 $135,526 $2,524 4.60%
    $200k-400k 3 $645,000 $215,000 $4,161 4.79%

    2018 saw Cincinnati Ohio Police place emphasis on $100,000 or less loans with 79 originations, totaling $3,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 34 $2,280,000 $67,059 $2,825 4.66%
    $100k-150k 33 $2,065,000 $62,576 $2,643 4.75%
    $75k-100k 17 $1,215,000 $71,471 $2,359 4.83%
    $50k or less 11 $585,000 $53,182 $3,101 4.75%
    $150k-250k 6 $260,000 $43,333 $0 0.00%

    Cincinnati Ohio Police lent most frequently to those with incomes in the $50k-75k range, with 34 originations. The second most popular income band? $100k-150k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 33 $1,345,000 $40,758 $0 0.00%
    20-30% 19 $925,000 $48,684 $0 0.00%
    30-36% 13 $725,000 $55,769 $0 0.00%
    <20% 6 $180,000 $30,000 $0 0.00%
    42% 4 $140,000 $35,000 $0 0.00%
    39% 1 $45,000 $45,000 $0 0.00%
    40% 1 $25,000 $25,000 $0 0.00%
    38% 1 $185,000 $185,000 $0 0.00%
    43% 1 $25,000 $25,000 $0 0.00%
    46% 1 $15,000 $15,000 $0 0.00%
    36% 1 $85,000 $85,000 $0 0.00%

    Cincinnati Ohio Police lent most frequently to those with DTI ratios of Exempt%, with 33 originations. The next most common DTI ratio? 20-30%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $5,675,000 $63,764 $2,816 4.71%
    Black 9 $615,000 $68,333 $2,495 4.88%
    Not provided 2 $100,000 $50,000 $2,923 4.75%
    American Indian 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.96%

    Cincinnati Ohio Police has an average approval rate.

    Pick Rate

    Approvals leading to origination
    79.21%

    Cincinnati Ohio Police has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 81 $3,695,000 $45,617
    NA 20 $2,710,000 $135,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 101 $6,405,000 $63,416

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $545,000 $60,556 $0 0.00%
    40-60% 5 $405,000 $81,000 $2,632 4.50%
    60-80% 12 $1,460,000 $121,667 $2,785 4.82%
    80-100% 13 $1,695,000 $130,385 $2,822 4.67%
    Over 100% 33 $1,475,000 $44,697 $2,939 4.75%
    Under 20% 29 $825,000 $28,448 $0 0.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CMG MORTGAGE, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 13.6%
    CMG MORTGAGE, INC Conventional home mortgage Struggling to pay mortgage 2 9.1%
    CMG MORTGAGE, INC Conventional home mortgage Trouble during payment process 6 27.3%
    CMG MORTGAGE, INC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 9.1%
    CMG MORTGAGE, INC FHA mortgage Closing on a mortgage 1 4.5%
    CMG MORTGAGE, INC FHA mortgage Struggling to pay mortgage 1 4.5%
    CMG MORTGAGE, INC FHA mortgage Trouble during payment process 3 13.6%
    CMG MORTGAGE, INC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.5%
    CMG MORTGAGE, INC Other type of mortgage Trouble during payment process 1 4.5%
    CMG MORTGAGE, INC VA mortgage Trouble during payment process 2 9.1%