Bank Of Charles Town Mortgage Rates, Fees & Info
Charles Town, WVLEI: 549300ODM8A5T4RHPY32
Tax ID: 55-0118850
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Charles Town is a smaller bank specializing in Home Purchase loans. Bank Of Charles Town has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Hagerstown, Winchester, Roanoke, and Cumberland among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Charles Town has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
183Origination Dollar Volume (All Markets)
$62,745,000Top 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) | 105 | $35,725,000 | $340,238 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 50 | $16,040,000 | $320,800 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 11 | $4,545,000 | $413,182 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 2 | $2,210,000 | $1,105,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $1,375,000 | $458,333 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 183 | $62,745,000 | $342,869 | $0 | 0.00% |
For 2024, Bank Of Charles Town's most frequently originated type of loan was Conventional, with 183 originations.
Loan Reason
For 2024, Bank Of Charles Town's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 183 | $62,745,000 | $342,869 | $0 | 0.00% |
For 2024, Bank Of Charles Town's most frequently cited loan duration was Other, with 183 originations.
Loan Sizing
2024 saw Bank Of Charles Town place emphasis on $200k-400k loans with 48 originations, totaling $13,730,000 in origination value.
Applicant Income
Bank Of Charles Town lent most frequently to those with incomes in the $150k-250k range, with 42 originations. The second most popular income band? $100k-150k, with 35 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 183 | $62,745,000 | $342,869 | $0 | 0.00% |
Bank Of Charles Town lent most frequently to those with DTI ratios of Exempt%, with 183 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.05%
Bank Of Charles Town has an average approval rate.
Pick Rate
Approvals leading to origination79.78%
Bank Of Charles Town has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 183 | $62,745,000 | $342,869 |