Sutton Bank Mortgage Rates, Fees & Info
Attica, OHLEI: 549300KYZ21NWSUOYP36
Tax ID: 34-4369660
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Mortgage Data
Review & Overview
Sutton Bank is a smaller bank specializing in Home Purchase loans. Sutton Bank has a high proportion of conventional loans. Their top markets by origination volume include: Norwalk, Ashland, Tiffin, Hilton Head Island, and Toledo among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)Sutton Bank has an above 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
27Origination Dollar Volume (All Markets)
$5,915,000Top 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 |
|---|---|---|---|---|---|
| Norwalk, OH (FHA|USDA|VA) | 8 | $1,590,000 | $198,750 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 4 | $1,010,000 | $252,500 | $0 | 0.00% |
| Tiffin, OH (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $895,000 | $895,000 | $0 | 0.00% |
| TOLEDO, OH (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $235,000 | $235,000 | $0 | 0.00% |
| Bucyrus-Galion, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Wooster, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 27 | $5,915,000 | $219,074 | $0 | 0.00% |
For 2024, Sutton Bank's most frequently originated type of loan was Conventional, with 27 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 16 | $4,120,000 | $257,500 | $0 | 0.00% |
| Other | 6 | $830,000 | $138,333 | $0 | 0.00% |
| Cash Out Refi | 5 | $965,000 | $193,000 | $0 | 0.00% |
For 2024, Sutton Bank's most frequently cited loan purpose was Home Purchase, with 16 originations. The 2nd most popular reason was Other, with 6 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 27 | $5,915,000 | $219,074 | $0 | 0.00% |
For 2024, Sutton Bank's most frequently cited loan duration was Other, with 27 originations.
Loan Sizing
2024 saw Sutton Bank place emphasis on $100k-200k loans with 8 originations, totaling $1,140,000 in origination value.
Applicant Income
Sutton Bank lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 27 | $5,915,000 | $219,074 | $0 | 0.00% |
Sutton Bank lent most frequently to those with DTI ratios of Exempt%, with 27 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18 | $3,090,000 | $171,667 | $0 | 0.00% |
| Not applicable | 9 | $2,825,000 | $313,889 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.18%
Sutton Bank has an average approval rate.
Pick Rate
Approvals leading to origination85.19%
Sutton Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 27 | $5,915,000 | $219,074 |