The Ohio Valley Bank Company Mortgage Rates, Fees & Info
Gallipolis, OHLEI: 549300JQGT4VX22XJ495
Tax ID: 31-4271820
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Mortgage Data
Review & Overview
The Ohio Valley Bank Company is a smaller bank specializing in Home Purchase loans. The Ohio Valley Bank Company has a high proportion of conventional loans. Their top markets by origination volume include: Huntington, Point Pleasant, Jackson, Charleston, and Columbus among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)The Ohio Valley Bank Company 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. The Ohio Valley Bank Company 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.20% | 4/28/24 |
| 30 Year Conventional Refi | 7.46% | 4/28/24 |
| 30 Year Cash-out Refi | 6.54% | 4/28/24 |
| 15 Year Conventional Purchase | 7.22% | 4/28/24 |
| 15 Year Conventional Refi | 7.74% | 4/28/24 |
| 15 Year Cash-out Refi | 7.74% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
The Ohio Valley Bank Company Mortgage Calculator
Your Estimates
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
323Origination Dollar Volume (All Markets)
$71,805,000Top 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 |
|---|---|---|---|---|---|
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 46 | $20,730,000 | $450,652 | $3,473 | 5.32% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 104 | $18,220,000 | $175,192 | $3,367 | 5.58% |
| Outside of Metro Areas | 88 | $11,780,000 | $133,864 | $3,539 | 5.56% |
| Jackson, OH (FHA|USDA|VA) | 24 | $3,670,000 | $152,917 | $3,008 | 6.24% |
| CHARLESTON, WV (FHA|USDA|VA) | 9 | $3,425,000 | $380,556 | $3,479 | 5.26% |
| COLUMBUS, OH (FHA|USDA|VA) | 8 | $3,330,000 | $416,250 | $4,753 | 5.72% |
| Chillicothe, OH (FHA|USDA|VA) | 13 | $2,685,000 | $206,538 | $4,079 | 5.89% |
| Portsmouth, OH (FHA|USDA|VA) | 19 | $2,505,000 | $131,842 | $3,886 | 5.57% |
| Athens, OH (FHA|USDA|VA) | 4 | $1,590,000 | $397,500 | $3,450 | 5.71% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $1,105,000 | $1,105,000 | $10,417 | 6.75% |
| Washington Court House, OH (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $6,529 | 6.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $6,698 | 3.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $7,125 | 2.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,099 | 5.00% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $4,723 | 4.75% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,491 | 4.25% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $1,442 | 8.13% |
Similar Lenders
We use machine learning to identify the top lenders compared against The Ohio Valley Bank Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 323 | $71,805,000 | $222,307 | $3,551 | 5.58% |
For 2022, The Ohio Valley Bank Company's most frequently originated type of loan was Conventional, with 323 originations.
Loan Reason
For 2022, The Ohio Valley Bank Company's most frequently cited loan purpose was Home Purchase, with 213 originations. The 2nd most popular reason was Refi, with 74 originations.
Loan Duration/Length
For 2022, The Ohio Valley Bank Company's most frequently cited loan duration was 30 Year, with 171 originations. The 2nd most popular length was 20 Year, with 61 originations.
Origination Fees/Closing Costs
The Ohio Valley Bank Company's average total fees were $3,820, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 157 originations.
Interest Rates
During 2022, The Ohio Valley Bank Company's average interest rate for loans was 5.46%, while their most frequently originated rate bucket for loans was 5-6%, with 117 originations.
Loan Sizing
2022 saw The Ohio Valley Bank Company place emphasis on $100k-200k loans with 122 originations, totaling $17,730,000 in origination value.
Applicant Income
The Ohio Valley Bank Company lent most frequently to those with incomes in the $50k-75k range, with 76 originations. The second most popular income band? $75k-100k, with 56 originations.
Applicant Debt to Income Ratio
The Ohio Valley Bank Company lent most frequently to those with DTI ratios of 30-36%, with 74 originations. The next most common DTI ratio? 20-30%, with 62 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.77%
The Ohio Valley Bank Company has an average approval rate.
Pick Rate
Approvals leading to origination81.11%
The Ohio Valley Bank Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 323 | $71,805,000 | $222,307 |