Bank Of Clarendon Mortgage Rates, Fees & Info

MANNING, SC

LEI: 549300LPLWFD36TB5P09

Tax ID: 57-0142030

Latest/2024 | 2023 Data | 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
  • 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

    Bank Of Clarendon is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Bank Of Clarendon has a high proportion of conventional loans. Their top markets by origination volume include: Sumter, Florence, Charleston, Columbia, and Greenville among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Clarendon has an above average approval rate when compared to the average across all 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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    Originations

    80

    Origination Dollar Volume (All Markets)

    $16,000,000

    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
    SUMTER, SC (FHA|USDA|VA) 56 $8,340,000 $148,929 $0 0.00%
    FLORENCE, SC (FHA|USDA|VA) 12 $2,930,000 $244,167 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $2,770,000 $692,500 $0 0.00%
    COLUMBIA, SC (FHA|USDA|VA) 4 $1,030,000 $257,500 $0 0.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $830,000 $415,000 $0 0.00%
    Orangeburg, SC (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    Bank Of Clarendon's top markets include Sumter, Florence, Charleston, Columbia, and Greenville among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $16,000,000 $200,000 $0 0.00%

    For 2024, Bank Of Clarendon's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $9,465,000 $255,811 $0 0.00%
    Cash Out Refi 24 $3,770,000 $157,083 $0 0.00%
    Refi 17 $2,735,000 $160,882 $0 0.00%
    Home Improvement 2 $30,000 $15,000 $0 0.00%

    For 2024, Bank Of Clarendon's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $16,000,000 $200,000 $0 0.00%

    For 2024, Bank Of Clarendon's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 31 $1,565,000 $50,484 $0 0.00%
    $200k-400k 22 $5,470,000 $248,636 $0 0.00%
    $100k-200k 17 $2,565,000 $150,882 $0 0.00%
    $400k-600k 6 $2,920,000 $486,667 $0 0.00%
    $600k-1MM 3 $2,435,000 $811,667 $0 0.00%
    $1MM+ 1 $1,045,000 $1,045,000 $0 0.00%

    2024 saw Bank Of Clarendon place emphasis on $100,000 or less loans with 31 originations, totaling $1,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,545,000 $118,846 $0 0.00%
    $150k-250k 12 $3,310,000 $275,833 $0 0.00%
    $50k-75k 12 $1,320,000 $110,000 $0 0.00%
    $250k+ 9 $2,475,000 $275,000 $0 0.00%
    $75k-100k 7 $1,235,000 $176,429 $0 0.00%
    $50k or less 5 $225,000 $45,000 $0 0.00%

    Bank Of Clarendon lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $16,000,000 $200,000 $0 0.00%

    Bank Of Clarendon lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $8,690,000 $173,800 $0 0.00%
    Not applicable 22 $5,890,000 $267,727 $0 0.00%
    Black 6 $970,000 $161,667 $0 0.00%
    Asian 2 $450,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Bank Of Clarendon 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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $16,000,000 $200,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $16,000,000 $200,000