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, Columbia, Florence, Myrtle Beach, and Charleston 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.
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Originations
55Origination Dollar Volume (All Markets)
$6,735,000Top 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) | 47 | $5,805,000 | $123,511 | $0 | 0.00% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $0 | 0.00% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 55 | $6,735,000 | $122,455 | $0 | 0.00% |
For 2019, Bank Of Clarendon's most frequently originated type of loan was Conventional, with 55 originations.
Loan Reason
For 2019, Bank Of Clarendon's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 55 | $6,735,000 | $122,455 | $0 | 0.00% |
For 2019, Bank Of Clarendon's most frequently cited loan duration was Other, with 55 originations.
Loan Sizing
2019 saw Bank Of Clarendon place emphasis on $100,000 or less loans with 34 originations, totaling $2,030,000 in origination value.
Applicant Income
Bank Of Clarendon lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $50k-75k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 55 | $6,735,000 | $122,455 | $0 | 0.00% |
Bank Of Clarendon lent most frequently to those with DTI ratios of Exempt%, with 55 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 55 | $6,735,000 | $122,455 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 55 | $6,735,000 | $122,455 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |