Fvcbank Mortgage Rates, Fees & Info

Fairfax, VA

LEI: 549300MSW6NY44KG3397

Tax ID: 02-0794839

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

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Mortgage Data

Review & Overview

Fvcbank is a smaller bank specializing in Home Purchase and Refi loans. Fvcbank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, and Easton among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fvcbank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

24

Origination Dollar Volume (All Markets)

$22,970,000

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 16 $16,480,000 $1,030,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 7 $4,705,000 $672,143 $0 0.00%
Easton, MD (FHA|USDA|VA) 1 $1,785,000 $1,785,000 $0 0.00%
Fvcbank's top markets include Washington, Baltimore, and Easton among others.

Their top states include:
  • District of Columbia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 24 $22,970,000 $957,083 $0 0.00%

    For 2023, Fvcbank's most frequently originated type of loan was Conventional, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 17 $14,365,000 $845,000 $0 0.00%
    Refi 7 $8,605,000 $1,229,286 $0 0.00%

    For 2023, Fvcbank's most frequently cited loan purpose was Home Purchase, with 17 originations. The 2nd most popular reason was Refi, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 24 $22,970,000 $957,083 $0 0.00%

    For 2023, Fvcbank's most frequently cited loan duration was Other, with 24 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 7 $17,345,000 $2,477,857 $0 0.00%
    $200k-400k 5 $1,425,000 $285,000 $0 0.00%
    $100k-200k 4 $490,000 $122,500 $0 0.00%
    $100,000 or less 3 $195,000 $65,000 $0 0.00%
    $600k-1MM 3 $2,495,000 $831,667 $0 0.00%
    $400k-600k 2 $1,020,000 $510,000 $0 0.00%

    2023 saw Fvcbank place emphasis on $1MM+ loans with 7 originations, totaling $17,345,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 24 $22,970,000 $957,083 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 23 $22,745,000 $988,913 $0 0.00%
    White 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.86%

    Fvcbank 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
    95.83%

    Fvcbank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 24 $22,970,000 $957,083

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    24 $22,970,000 $957,083