Fvcbank Mortgage Rates, Fees & Info
Fairfax, VALEI: 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
24Origination Dollar Volume (All Markets)
$22,970,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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
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 applications98.86%
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 origination95.83%
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 |