Valley Central Bank Mortgage Rates, Fees & Info
Liberty Township, OHLEI: 549300KL7MLR63WYCF68
Tax ID: 31-0475308
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Mortgage Data
Review & Overview
Valley Central Bank is a smaller bank specializing in Home Purchase loans. Valley Central Bank has a high 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 markets by origination volume include: Cincinnati, Dayton, Knoxville, Houston, and Charlotte among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Valley Central Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
98Origination Dollar Volume (All Markets)
$29,860,000Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 85 | $25,815,000 | $303,706 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 6 | $2,060,000 | $343,333 | $0 | 0.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 95 | $29,135,000 | $306,684 | $0 | 0.00% |
| FHA | 3 | $725,000 | $241,667 | $0 | 0.00% |
For 2023, Valley Central Bank's most frequently originated type of loan was Conventional, with 95 originations. Their 2nd most popular type was FHA, with 3 originations.
Loan Reason
For 2023, Valley Central Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Other, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 98 | $29,860,000 | $304,694 | $0 | 0.00% |
For 2023, Valley Central Bank's most frequently cited loan duration was Other, with 98 originations.
Loan Sizing
2023 saw Valley Central Bank place emphasis on $100k-200k loans with 27 originations, totaling $3,815,000 in origination value.
Applicant Income
Valley Central Bank lent most frequently to those with incomes in the $100k-150k range, with 23 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 98 | $29,860,000 | $304,694 | $0 | 0.00% |
Valley Central Bank lent most frequently to those with DTI ratios of Exempt%, with 98 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.69%
Valley Central Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.94%
Valley Central Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 98 | $29,860,000 | $304,694 |