Valley Central Bank Mortgage Rates, Fees & Info

Liberty Township, OH

LEI: 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.

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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Originations

98

Origination Dollar Volume (All Markets)

$29,860,000

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
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%
Valley Central Bank's top markets include Cincinnati, Dayton, Knoxville, Houston, and Charlotte among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $26,655,000 $365,137 $0 0.00%
    Other 13 $1,015,000 $78,077 $0 0.00%
    Cash Out Refi 8 $1,270,000 $158,750 $0 0.00%
    Refi 3 $905,000 $301,667 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 27 $3,815,000 $141,296 $0 0.00%
    $200k-400k 25 $6,915,000 $276,600 $0 0.00%
    $100,000 or less 19 $1,125,000 $59,211 $0 0.00%
    $400k-600k 16 $7,770,000 $485,625 $0 0.00%
    $600k-1MM 8 $6,440,000 $805,000 $0 0.00%
    $1MM+ 3 $3,795,000 $1,265,000 $0 0.00%

    2023 saw Valley Central Bank place emphasis on $100k-200k loans with 27 originations, totaling $3,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 23 $5,605,000 $243,696 $0 0.00%
    $150k-250k 20 $6,480,000 $324,000 $0 0.00%
    $75k-100k 15 $2,615,000 $174,333 $0 0.00%
    $250k+ 12 $8,300,000 $691,667 $0 0.00%
    $50k-75k 11 $1,345,000 $122,273 $0 0.00%
    $50k or less 10 $1,180,000 $118,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 74 $20,050,000 $270,946 $0 0.00%
    Not applicable 7 $4,335,000 $619,286 $0 0.00%
    Not provided 12 $3,100,000 $258,333 $0 0.00%
    Asian 3 $1,655,000 $551,667 $0 0.00%
    Black 2 $720,000 $360,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.69%

    Valley Central Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.94%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    98 $29,860,000 $304,694