Williamstown Bank Inc Mortgage Rates, Fees & Info

Williamstown, WV

LEI: 549300JDJ660YLLPS872

Tax ID: 55-0168391

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

Jump to:

Mortgage Data

Review & Overview

Williamstown Bank Inc is a smaller bank specializing in Home Purchase and Refi loans. Williamstown Bank Inc has a high proportion of conventional loans. Their top markets by origination volume include: Parkersburg, Marietta, Athens, and Clarksburg among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Williamstown Bank Inc has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

78

Origination Dollar Volume (All Markets)

$10,630,000

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
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 55 $7,095,000 $129,000 $0 0.00%
Marietta, OH (FHA|USDA|VA) 12 $1,730,000 $144,167 $0 0.00%
Outside of Metro Areas 8 $1,460,000 $182,500 $0 0.00%
Athens, OH (FHA|USDA|VA) 2 $290,000 $145,000 $0 0.00%
Clarksburg, WV (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Williamstown Bank Inc's top markets include Parkersburg, Marietta, Athens, and Clarksburg among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 78 $10,630,000 $136,282 $0 0.00%

    For 2019, Williamstown Bank Inc's most frequently originated type of loan was Conventional, with 78 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $6,350,000 $151,190 $0 0.00%
    Refi 29 $3,885,000 $133,966 $0 0.00%
    Other 4 $240,000 $60,000 $0 0.00%
    Home Improvement 3 $155,000 $51,667 $0 0.00%

    For 2019, Williamstown Bank Inc's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 78 $10,630,000 $136,282 $0 0.00%

    For 2019, Williamstown Bank Inc's most frequently cited loan duration was Other, with 78 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 39 $2,305,000 $59,103 $0 0.00%
    $100k-200k 24 $3,470,000 $144,583 $0 0.00%
    $200k-400k 12 $3,440,000 $286,667 $0 0.00%
    $400k-600k 3 $1,415,000 $471,667 $0 0.00%

    2019 saw Williamstown Bank Inc place emphasis on $100,000 or less loans with 39 originations, totaling $2,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $2,115,000 $91,957 $0 0.00%
    $50k-75k 17 $2,145,000 $126,176 $0 0.00%
    $100k-150k 14 $2,380,000 $170,000 $0 0.00%
    $250k+ 7 $1,165,000 $166,429 $0 0.00%
    $75k-100k 6 $1,110,000 $185,000 $0 0.00%
    $150k-250k 4 $500,000 $125,000 $0 0.00%

    Williamstown Bank Inc lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 78 $10,630,000 $136,282 $0 0.00%

    Williamstown Bank Inc lent most frequently to those with DTI ratios of Exempt%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 68 $9,020,000 $132,647 $0 0.00%
    Not applicable 7 $1,215,000 $173,571 $0 0.00%
    Not provided 3 $395,000 $131,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.54%

    Williamstown Bank Inc has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.03%

    Williamstown Bank Inc has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 78 $10,630,000 $136,282

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $1,605,000 $229,286
    Single Family (1-4 Units):Manufactured 5 $225,000 $45,000
    Single Family (1-4 Units):Site-Built 66 $8,800,000 $133,333