The Bankers Guarantee Title & Trust Company Mortgage Rates, Fees & Info

MEDINA, OH

LEI: 549300LMFD2POSRLMW75

Tax ID: 34-0083590

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    The Bankers Guarantee Title & Trust Company is a smaller bank specializing in Home Purchase loans. The Bankers Guarantee Title & Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Cleveland, Toledo, Columbus, Akron, and Ashtabula among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bankers Guarantee Title & Trust Company 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. The Bankers Guarantee Title & Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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

    172

    Origination Dollar Volume (All Markets)

    $27,370,000

    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
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 102 $15,370,000 $150,686 $4,166 4.69%
    TOLEDO, OH (FHA|USDA|VA) 28 $4,070,000 $145,357 $4,044 4.69%
    COLUMBUS, OH (FHA|USDA|VA) 15 $3,425,000 $228,333 $4,140 4.90%
    AKRON, OH (FHA|USDA|VA) 13 $2,385,000 $183,462 $4,213 4.71%
    Ashtabula, OH (FHA|USDA|VA) 6 $840,000 $140,000 $4,792 4.90%
    MONROE, MI (FHA|USDA|VA) 2 $350,000 $175,000 $3,132 4.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $205,000 $205,000 $2,508 5.25%
    MANSFIELD, OH (FHA|USDA|VA) 1 $175,000 $175,000 $8,000 4.25%
    Wooster, OH (FHA|USDA|VA) 1 $155,000 $155,000 $2,725 4.75%
    Mount Vernon, OH (FHA|USDA|VA) 1 $145,000 $145,000 $3,271 5.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $2,681 4.75%
    Outside of Metro Areas 1 $125,000 $125,000 $2,979 4.75%
    The Bankers Guarantee Title & Trust Company's top markets include Cleveland, Toledo, Columbus, Akron, and Ashtabula among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against THE BANKERS GUARANTEE TITLE & TRUST COMPANY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Cleveland Selfreliance FCU
    Similarity Rank: 15
    FIRESTONE
    Similarity Rank: 32
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 48
    JEEP COUNTRY
    Similarity Rank: 52
    Columbus Metro Federal Credit Union
    Similarity Rank: 224
    Hometown Bank
    Similarity Rank: 315
    TrueCore Federal Credit Union
    Similarity Rank: 360
    Victory Community Bank
    Similarity Rank: 420
    First Federal Savings and Loan Association
    Similarity Rank: 420
    CARDINAL CREDIT UNION, INC.
    Similarity Rank: 552

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 114 $18,730,000 $164,298 $3,402 4.72%
    FHA 51 $7,275,000 $142,647 $5,815 4.74%
    VA 7 $1,365,000 $195,000 $3,975 4.66%

    For 2018, The Bankers Guarantee Title & Trust Company's most frequently originated type of loan was Conventional, with 114 originations. Their 2nd most popular type was FHA, with 51 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 162 $26,120,000 $161,235 $4,191 4.72%
    Refi 10 $1,250,000 $125,000 $3,334 4.80%

    For 2018, The Bankers Guarantee Title & Trust Company's most frequently cited loan purpose was Home Purchase, with 162 originations. The 2nd most popular reason was Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 163 $26,195,000 $160,706 $4,174 4.75%
    15 Year 7 $975,000 $139,286 $3,688 4.14%
    10 Year 1 $75,000 $75,000 $3,386 3.88%
    20 Year 1 $125,000 $125,000 $2,681 4.75%

    For 2018, The Bankers Guarantee Title & Trust Company's most frequently cited loan duration was 30 Year, with 163 originations. The 2nd most popular length was 15 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 81 $12,815,000 $158,210
    $1k-2k 67 $9,675,000 $144,403
    $2k-3k 13 $2,455,000 $188,846
    $3k-4k 5 $1,105,000 $221,000
    $4k-5k 1 $215,000 $215,000
    $5k+ 1 $335,000 $335,000

    The Bankers Guarantee Title & Trust Company's average total fees were $4,174, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 81 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 139 $22,505,000 $161,906
    5-6% 23 $3,375,000 $146,739
    3-4% 10 $1,490,000 $149,000

    During 2018, The Bankers Guarantee Title & Trust Company's average interest rate for loans was 4.75%, while their most frequently originated rate bucket for loans was 4-5%, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 89 $12,755,000 $143,315 $3,943 4.71%
    $200k-400k 41 $10,245,000 $249,878 $5,001 4.74%
    $100,000 or less 39 $3,135,000 $80,385 $3,497 4.75%
    $400k-600k 3 $1,235,000 $411,667 $6,617 4.58%

    2018 saw The Bankers Guarantee Title & Trust Company place emphasis on $100k-200k loans with 89 originations, totaling $12,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 58 $6,590,000 $113,621 $3,664 4.70%
    $50k-75k 57 $8,365,000 $146,754 $4,332 4.75%
    $75k-100k 29 $5,945,000 $205,000 $4,508 4.72%
    $100k-150k 18 $3,990,000 $221,667 $3,972 4.71%
    $150k-250k 7 $1,675,000 $239,286 $5,662 4.68%
    $250k+ 3 $805,000 $268,333 $3,649 5.00%

    The Bankers Guarantee Title & Trust Company lent most frequently to those with incomes in the $50k or less range, with 58 originations. The second most popular income band? $50k-75k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 35 $4,835,000 $138,143 $3,801 4.72%
    20-30% 21 $3,055,000 $145,476 $3,862 4.76%
    42% 13 $2,195,000 $168,846 $3,942 4.74%
    44% 12 $1,890,000 $157,500 $3,897 4.69%
    43% 9 $1,505,000 $167,222 $4,066 4.86%
    46% 8 $1,360,000 $170,000 $4,419 4.70%
    49% 8 $1,520,000 $190,000 $4,021 4.73%
    41% 8 $1,640,000 $205,000 $4,975 4.61%
    45% 8 $1,040,000 $130,000 $4,451 4.73%
    37% 7 $1,105,000 $157,857 $3,465 4.75%
    48% 7 $845,000 $120,714 $4,899 4.77%
    47% 7 $1,325,000 $189,286 $4,388 4.73%
    36% 6 $880,000 $146,667 $3,983 4.67%
    50-60% 5 $815,000 $163,000 $5,788 4.65%
    40% 5 $1,125,000 $225,000 $4,849 4.75%
    <20% 5 $1,035,000 $207,000 $4,442 4.53%
    38% 4 $520,000 $130,000 $3,688 4.88%
    39% 4 $680,000 $170,000 $4,317 4.72%

    The Bankers Guarantee Title & Trust Company lent most frequently to those with DTI ratios of 30-36%, with 35 originations. The next most common DTI ratio? 20-30%, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 160 $25,600,000 $160,000 $4,109 4.72%
    Black 9 $1,105,000 $122,778 $4,834 4.75%
    Asian 3 $665,000 $221,667 $3,780 4.75%

    Approval Rates

    Total approvals of all applications
    99.51%

    The Bankers Guarantee Title & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.72%

    The Bankers Guarantee Title & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 172 $27,370,000 $159,128

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 172 $27,370,000 $159,128

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1 $75,000 $75,000 $3,386 3.88%
    40-60% 5 $525,000 $105,000 $2,881 4.55%
    60-80% 33 $5,305,000 $160,758 $3,448 4.78%
    80-100% 132 $21,060,000 $159,545 $4,315 4.73%
    Over 100% 1 $405,000 $405,000 $11,037 4.38%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 5.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 30 29.4%
    TD BANK US HOLDING COMPANY FHA mortgage Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 7.8%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 14 13.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 3 2.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%