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 and Refi 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, Akron, Columbus, Toledo, and Ashtabula among others. We have data for 9 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

    195

    Origination Dollar Volume (All Markets)

    $36,765,000

    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) 150 $27,710,000 $184,733 $4,161 3.24%
    AKRON, OH (FHA|USDA|VA) 19 $4,125,000 $217,105 $3,520 3.21%
    COLUMBUS, OH (FHA|USDA|VA) 5 $1,545,000 $309,000 $2,832 3.08%
    TOLEDO, OH (FHA|USDA|VA) 9 $1,535,000 $170,556 $2,767 3.10%
    Ashtabula, OH (FHA|USDA|VA) 6 $880,000 $146,667 $4,571 3.15%
    Sandusky, OH (FHA|USDA|VA) 2 $450,000 $225,000 $4,626 2.94%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $350,000 $175,000 $4,250 3.31%
    Fremont, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,880 3.50%
    Findlay, OH (FHA|USDA|VA) 1 $55,000 $55,000 $2,477 2.50%
    The Bankers Guarantee Title & Trust Company's top markets include Cleveland, Akron, Columbus, Toledo, and Ashtabula among others.

    Their top states include:
  • Ohio (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.

    Bay Area Credit Union, Inc.
    Similarity Rank: 39
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 141
    Commodore Bank
    Similarity Rank: 153
    JEEP COUNTRY
    Similarity Rank: 272
    Ohio Catholic Federal Credit Union
    Similarity Rank: 392
    Mechanics Bank
    Similarity Rank: 396
    First Federal Savings and Loan Association
    Similarity Rank: 620
    Kingston National Bank
    Similarity Rank: 708
    The Farmers & Merchants State Bank
    Similarity Rank: 742
    Columbus Metro Federal Credit Union
    Similarity Rank: 864

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 154 $29,840,000 $193,766 $3,308 3.21%
    FHA 31 $4,775,000 $154,032 $6,527 3.32%
    VA 10 $2,150,000 $215,000 $6,881 3.13%

    For 2020, The Bankers Guarantee Title & Trust Company's most frequently originated type of loan was Conventional, with 154 originations. Their 2nd most popular type was FHA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 132 $24,270,000 $183,864 $4,477 3.27%
    Refi 63 $12,495,000 $198,333 $3,011 3.12%

    For 2020, The Bankers Guarantee Title & Trust Company's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 147 $28,035,000 $190,714 $4,348 3.28%
    15 Year 25 $3,625,000 $145,000 $2,902 2.96%
    20 Year 15 $3,245,000 $216,333 $3,125 3.12%
    10 Year 5 $1,145,000 $229,000 $2,563 2.88%
    Other 3 $715,000 $238,333 $3,081 3.38%

    For 2020, The Bankers Guarantee Title & Trust Company's most frequently cited loan duration was 30 Year, with 147 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 99 $20,075,000 $202,778
    $1k-2k 70 $11,540,000 $164,857
    $2k-3k 21 $4,015,000 $191,190
    $3k-4k 3 $525,000 $175,000
    $4k-5k 1 $255,000 $255,000
    $5k+ 1 $355,000 $355,000

    The Bankers Guarantee Title & Trust Company's average total fees were $4,348, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 123 $22,045,000 $179,228
    2.5-3% 67 $14,005,000 $209,030
    4-5% 3 $475,000 $158,333
    <2.5% 2 $240,000 $120,000

    During 2020, The Bankers Guarantee Title & Trust Company's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 123 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 102 $14,570,000 $142,843 $4,116 3.26%
    $200k-400k 65 $17,025,000 $261,923 $4,091 3.17%
    $100,000 or less 20 $1,730,000 $86,500 $3,244 3.26%
    $400k-600k 8 $3,440,000 $430,000 $3,756 3.03%

    2020 saw The Bankers Guarantee Title & Trust Company place emphasis on $100k-200k loans with 102 originations, totaling $14,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 50 $7,670,000 $153,400 $4,275 3.24%
    $100k-150k 45 $10,595,000 $235,444 $4,424 3.17%
    $50k or less 41 $5,365,000 $130,854 $3,778 3.31%
    $75k-100k 41 $7,505,000 $183,049 $3,770 3.22%
    $150k-250k 16 $4,900,000 $306,250 $3,166 3.09%
    $250k+ 2 $730,000 $365,000 $3,858 3.13%

    The Bankers Guarantee Title & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 50 originations. The second most popular income band? $100k-150k, with 45 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 51 $9,455,000 $185,392 $3,536 3.18%
    30-36% 40 $8,230,000 $205,750 $3,852 3.22%
    38% 10 $1,780,000 $178,000 $5,972 3.35%
    41% 10 $1,430,000 $143,000 $3,655 3.33%
    <20% 9 $1,645,000 $182,778 $3,019 3.03%
    45% 9 $1,895,000 $210,556 $3,827 3.32%
    40% 9 $1,995,000 $221,667 $4,876 3.26%
    37% 8 $1,460,000 $182,500 $4,103 3.05%
    44% 8 $1,260,000 $157,500 $3,904 3.20%
    42% 6 $1,140,000 $190,000 $5,018 3.13%
    36% 6 $1,240,000 $206,667 $3,886 3.19%
    46% 6 $910,000 $151,667 $3,871 3.44%
    48% 5 $1,105,000 $221,000 $3,869 3.50%
    39% 4 $660,000 $165,000 $3,335 3.22%
    47% 4 $680,000 $170,000 $4,376 3.09%
    49% 4 $470,000 $117,500 $4,327 3.38%
    50-60% 3 $725,000 $241,667 $8,039 3.17%
    43% 3 $685,000 $228,333 $4,056 3.17%

    The Bankers Guarantee Title & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 51 originations. The next most common DTI ratio? 30-36%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 183 $34,245,000 $187,131 $3,967 3.23%
    Black 9 $1,575,000 $175,000 $4,365 3.25%
    Asian 3 $945,000 $315,000 $5,110 2.83%

    Approval Rates

    Total approvals of all applications
    97.84%

    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
    86.15%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 195 $36,765,000 $188,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 195 $36,765,000 $188,538

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $355,000 $118,333 $2,532 2.71%
    40-60% 7 $1,595,000 $227,857 $3,069 2.88%
    60-80% 63 $11,915,000 $189,127 $3,220 3.15%
    80-100% 120 $22,380,000 $186,500 $4,361 3.29%
    Over 100% 2 $520,000 $260,000 $12,738 2.81%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 22 14.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 17 11.5%
    TD BANK US HOLDING COMPANY Conventional home mortgage Credit monitoring or identity theft protection services 1 0.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Improper use of your report 1 0.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 1 0.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 4 2.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 51 34.5%
    TD BANK US HOLDING COMPANY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 3 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 5 3.4%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 7 4.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 4 2.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 17 11.5%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 2 1.4%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 8 5.4%