Consumers National Bank Mortgage Rates, Fees & Info

Minerva, OH

LEI: 549300E0P87HTQVFQH08

Tax ID: 34-1794667

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

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Mortgage Data

Review & Overview

Consumers National Bank is a smaller bank specializing in Home Purchase and Refi loans. Consumers National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Canton, Youngstown, Akron, Coshocton, and Columbus among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Consumers National Bank 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.

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Originations

169

Origination Dollar Volume (All Markets)

$47,485,000

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
CANTON-MASSILLON, OH (FHA|USDA|VA) 95 $20,775,000 $218,684 $0 0.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 11 $10,525,000 $956,818 $0 0.00%
AKRON, OH (FHA|USDA|VA) 25 $4,385,000 $175,400 $0 0.00%
Coshocton, OH (FHA|USDA|VA) 1 $3,465,000 $3,465,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 2 $2,140,000 $1,070,000 $0 0.00%
Salem, OH (FHA|USDA|VA) 18 $1,630,000 $90,556 $0 0.00%
Celina, OH (FHA|USDA|VA) 1 $1,575,000 $1,575,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $1,155,000 $385,000 $0 0.00%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 8 $890,000 $111,250 $0 0.00%
WHEELING, WV-OH (FHA|USDA|VA) 2 $750,000 $375,000 $0 0.00%
New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
Outside of Metro Areas 1 $55,000 $55,000 $0 0.00%
Consumers National Bank's top markets include Canton, Youngstown, Akron, Coshocton, and Columbus among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 169 $47,485,000 $280,976 $0 0.00%

    For 2022, Consumers National Bank's most frequently originated type of loan was Conventional, with 169 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $25,285,000 $346,370 $0 0.00%
    Refi 44 $13,730,000 $312,045 $0 0.00%
    Home Improvement 33 $6,585,000 $199,545 $0 0.00%
    Other 12 $530,000 $44,167 $0 0.00%
    Cash Out Refi 7 $1,355,000 $193,571 $0 0.00%

    For 2022, Consumers National Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 169 $47,485,000 $280,976 $0 0.00%

    For 2022, Consumers National Bank's most frequently cited loan duration was Other, with 169 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $3,945,000 $49,937 $0 0.00%
    $100k-200k 31 $4,295,000 $138,548 $0 0.00%
    $200k-400k 29 $8,035,000 $277,069 $0 0.00%
    $400k-600k 13 $6,215,000 $478,077 $0 0.00%
    $600k-1MM 10 $7,600,000 $760,000 $0 0.00%
    $1MM+ 7 $17,395,000 $2,485,000 $0 0.00%

    2022 saw Consumers National Bank place emphasis on $100,000 or less loans with 79 originations, totaling $3,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,945,000 $75,513 $0 0.00%
    $50k-75k 30 $3,290,000 $109,667 $0 0.00%
    $75k-100k 25 $3,085,000 $123,400 $0 0.00%
    $100k-150k 24 $4,560,000 $190,000 $0 0.00%
    $150k-250k 23 $8,475,000 $368,478 $0 0.00%
    $250k+ 8 $5,030,000 $628,750 $0 0.00%

    Consumers National Bank lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 169 $47,485,000 $280,976 $0 0.00%

    Consumers National Bank lent most frequently to those with DTI ratios of Exempt%, with 169 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $27,485,000 $189,552 $0 0.00%
    Not applicable 19 $19,625,000 $1,032,895 $0 0.00%
    Black 3 $315,000 $105,000 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.96%

    Consumers National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.62%

    Consumers National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 169 $47,485,000 $280,976

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    169 $47,485,000 $280,976

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    CMG MORTGAGE, INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    CMG MORTGAGE, INC Conventional home mortgage Trouble during payment process 1 50.0%