Mvb Bank Inc Mortgage Rates, Fees & Info
Bridgeport, WVLEI: 549300LBYGRKZX1SD516
Tax ID: 55-0755205
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Mortgage Data
Review & Overview
Mvb Bank Inc is a smaller bank specializing in Home Purchase and Refi loans. Mvb Bank Inc has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Fairmont, Charleston, Morgantown, and Clarksburg among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Mvb Bank Inc has an above average approval rate when compared to the average across all lenders.
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Originations
53Origination Dollar Volume (All Markets)
$13,865,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 9 | $4,775,000 | $530,556 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 7 | $3,105,000 | $443,571 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 11 | $1,445,000 | $131,364 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $320,000 | $160,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Point Pleasant, WV-OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $13,865,000 | $261,604 | $0 | 0.00% |
For 2018, Mvb Bank Inc's most frequently originated type of loan was Conventional, with 53 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 32 | $6,160,000 | $192,500 | $0 | 0.00% |
| Refi | 21 | $7,705,000 | $366,905 | $0 | 0.00% |
For 2018, Mvb Bank Inc's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $13,865,000 | $261,604 | $0 | 0.00% |
For 2018, Mvb Bank Inc's most frequently cited loan duration was Other, with 53 originations.
Loan Sizing
2018 saw Mvb Bank Inc place emphasis on $100,000 or less loans with 21 originations, totaling $1,185,000 in origination value.
Applicant Income
Mvb Bank Inc lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 53 | $13,865,000 | $261,604 | $0 | 0.00% |
Mvb Bank Inc lent most frequently to those with DTI ratios of Exempt%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Mvb Bank Inc has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $13,865,000 | $261,604 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 13 | $7,595,000 | $584,231 |
| Single Family (1-4 Units):Site-Built | 40 | $6,270,000 | $156,750 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| MB FINANCIAL, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.8% |
| MB FINANCIAL, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 3.8% |
| MB FINANCIAL, INC. | Conventional home mortgage | Struggling to pay mortgage | 4 | 15.4% |
| MB FINANCIAL, INC. | Conventional home mortgage | Trouble during payment process | 13 | 50.0% |
| MB FINANCIAL, INC. | FHA mortgage | Trouble during payment process | 1 | 3.8% |
| MB FINANCIAL, INC. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 3.8% |
| MB FINANCIAL, INC. | Other type of mortgage | Closing on a mortgage | 1 | 3.8% |
| MB FINANCIAL, INC. | Other type of mortgage | Trouble during payment process | 2 | 7.7% |
| MB FINANCIAL, INC. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.8% |
| MB FINANCIAL, INC. | VA mortgage | Closing on a mortgage | 1 | 3.8% |