Bank Of Charles Town Mortgage Rates, Fees & Info
Charles Town, WVLEI: 549300ODM8A5T4RHPY32
Tax ID: 55-0118850
Latest/2023 | 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 and Refi loans. Bank Of Charles Town has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Hagerstown, Winchester, Kill Devil Hills, and Cumberland among others. We have data for 12 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
164Origination Dollar Volume (All Markets)
$63,760,000Top 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) | 93 | $44,195,000 | $475,215 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 54 | $11,560,000 | $214,074 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 6 | $2,410,000 | $401,667 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $745,000 | $745,000 | $0 | 0.00% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $0 | 0.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 164 | $63,760,000 | $388,780 | $0 | 0.00% |
For 2022, Bank Of Charles Town's most frequently originated type of loan was Conventional, with 164 originations.
Loan Reason
For 2022, Bank Of Charles Town's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 164 | $63,760,000 | $388,780 | $0 | 0.00% |
For 2022, Bank Of Charles Town's most frequently cited loan duration was Other, with 164 originations.
Loan Sizing
2022 saw Bank Of Charles Town place emphasis on $200k-400k loans with 42 originations, totaling $12,150,000 in origination value.
Applicant Income
Bank Of Charles Town lent most frequently to those with incomes in the $150k-250k range, with 35 originations. The second most popular income band? $250k+, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 164 | $63,760,000 | $388,780 | $0 | 0.00% |
Bank Of Charles Town lent most frequently to those with DTI ratios of Exempt%, with 164 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.92%
Bank Of Charles Town has an average approval rate.
Pick Rate
Approvals leading to origination89.63%
Bank Of Charles Town has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 164 | $63,760,000 | $388,780 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF NEW YORK MELLON CORPORATION, THE | Reverse mortgage | Struggling to pay mortgage | 1 | 100.0% |