Canton School Employees Mortgage Rates, Fees & Info
Canton, OHLEI: 549300KZVNU4UKZSWD59
Tax ID: 34-0796290
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Mortgage Data
Review & Overview
Canton School Employees is a smaller mortgage company specializing in Home Purchase loans. Canton School Employees has a high proportion of conventional loans. Their top markets by origination volume include: Canton, Akron, Columbus, Cleveland, and Wooster among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)Canton School Employees 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.
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 |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
| 30 Year Conventional Purchase | 6.85% | 12/16/24 |
| 30 Year Conventional Refi | 6.88% | 12/16/24 |
| 30 Year Cash-out Refi | 6.93% | 12/16/24 |
| 30 Year FHA Purchase | 7.47% | 12/16/24 |
| 30 Year FHA Refi | 7.90% | 12/16/24 |
| 30 Year VA Purchase | 6.53% | 12/16/24 |
| 15 Year Conventional Purchase | 7.42% | 12/16/24 |
| 15 Year Conventional Refi | 6.38% | 12/16/24 |
| 15 Year Cash-out Refi | 6.38% | 12/16/24 |
| 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. | ||
Canton School Employees Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
87Origination Dollar Volume (All Markets)
$8,165,000Top 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 |
|---|---|---|---|---|---|
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 76 | $6,930,000 | $91,184 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 5 | $495,000 | $99,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Wooster, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against CANTON SCHOOL EMPLOYEES based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 132
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $7,670,000 | $91,310 | $0 | 0.00% |
| VA | 3 | $495,000 | $165,000 | $0 | 0.00% |
For 2018, Canton School Employees's most frequently originated type of loan was Conventional, with 84 originations. Their 2nd most popular type was VA, with 3 originations.
Loan Reason
For 2018, Canton School Employees's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 16 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 87 | $8,165,000 | $93,851 | $0 | 0.00% |
For 2018, Canton School Employees's most frequently cited loan duration was Other, with 87 originations.
Loan Sizing
2018 saw Canton School Employees place emphasis on $100,000 or less loans with 49 originations, totaling $2,555,000 in origination value.
Applicant Income
Canton School Employees lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 24 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 87 | $8,165,000 | $93,851 | $0 | 0.00% |
Canton School Employees lent most frequently to those with DTI ratios of Exempt%, with 87 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 82 | $7,890,000 | $96,220 | $0 | 0.00% |
| Black | 5 | $275,000 | $55,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications79.02%
Canton School Employees has a below average approval rate.
Pick Rate
Approvals leading to origination71.26%
Canton School Employees has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 87 | $8,165,000 | $93,851 |