Bank Of Clarendon Mortgage Rates, Fees & Info
MANNING, SCLEI: 549300LPLWFD36TB5P09
Tax ID: 57-0142030
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Mortgage Data
Review & Overview
Bank Of Clarendon is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Clarendon has a high proportion of conventional loans. Their top markets by origination volume include: Sumter, Florence, Charleston, Hilton Head Island, and Myrtle Beach among others. We have data for 9 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.
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Originations
72Origination Dollar Volume (All Markets)
$13,730,000Top 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 |
|---|---|---|---|---|---|
| SUMTER, SC (FHA|USDA|VA) | 51 | $6,605,000 | $129,510 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 10 | $2,420,000 | $242,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,405,000 | $1,405,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,115,000 | $1,115,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $520,000 | $260,000 | $0 | 0.00% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 72 | $13,730,000 | $190,694 | $0 | 0.00% |
For 2023, Bank Of Clarendon's most frequently originated type of loan was Conventional, with 72 originations.
Loan Reason
For 2023, Bank Of Clarendon's most frequently cited loan purpose was Home Purchase, with 34 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 72 | $13,730,000 | $190,694 | $0 | 0.00% |
For 2023, Bank Of Clarendon's most frequently cited loan duration was Other, with 72 originations.
Loan Sizing
2023 saw Bank Of Clarendon place emphasis on $100,000 or less loans with 34 originations, totaling $2,120,000 in origination value.
Applicant Income
Bank Of Clarendon lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $250k+, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 72 | $13,730,000 | $190,694 | $0 | 0.00% |
Bank Of Clarendon lent most frequently to those with DTI ratios of Exempt%, with 72 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.74%
Bank Of Clarendon has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 72 | $13,730,000 | $190,694 |