Consumers National Bank Mortgage Rates, Fees & Info
Minerva, OHLEI: 549300E0P87HTQVFQH08
Tax ID: 34-1794667
Latest/2023 | 2022 Data | 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
169Origination Dollar Volume (All Markets)
$47,485,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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
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
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
Approval Rates
Total approvals of all applications85.96%
Consumers National Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.62%
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 |
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% |