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, Cash Out Refi, and Refi loans. Canton School Employees has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Canton, Akron, Youngstown, New Philadelphia, and Cleveland among others. We have data for 5 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
157Origination Dollar Volume (All Markets)
$19,055,000Top 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) | 141 | $16,895,000 | $119,823 | $0 | 0.00% |
| AKRON, OH (FHA|USDA|VA) | 12 | $1,470,000 | $122,500 | $0 | 0.00% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $0 | 0.00% |
| New Philadelphia-Dover, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $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: 1166
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $17,855,000 | $119,832 | $0 | 0.00% |
| VA | 7 | $1,045,000 | $149,286 | $0 | 0.00% |
| USDA | 1 | $155,000 | $155,000 | $0 | 0.00% |
For 2020, Canton School Employees's most frequently originated type of loan was Conventional, with 149 originations. Their 2nd most popular type was VA, with 7 originations.
Loan Reason
For 2020, Canton School Employees's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 157 | $19,055,000 | $121,369 | $0 | 0.00% |
For 2020, Canton School Employees's most frequently cited loan duration was Other, with 157 originations.
Loan Sizing
2020 saw Canton School Employees place emphasis on $100k-200k loans with 71 originations, totaling $10,325,000 in origination value.
Applicant Income
Canton School Employees lent most frequently to those with incomes in the $50k-75k range, with 49 originations. The second most popular income band? $50k or less, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 157 | $19,055,000 | $121,369 | $0 | 0.00% |
Canton School Employees lent most frequently to those with DTI ratios of Exempt%, with 157 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.00%
Canton School Employees has a below average approval rate.
Pick Rate
Approvals leading to origination66.88%
Canton School Employees has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 157 | $19,055,000 | $121,369 |