C E S Mortgage Rates, Fees & Info
Mount Vernon, OHLEI: 549300P0EVSTBKD8HJ82
Tax ID: 31-4400124
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Mortgage Data
Review & Overview
C E S is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. C E S has a high proportion of conventional loans. C E S has a low ratio of conventional loans.They have a low ratio of USDA loans. Their top markets by origination volume include: Mount Vernon, Coshocton, Columbus, Mansfield, and Ashland among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)C E S 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. C E S is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.01% | 10/29/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
C E S Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
56Origination Dollar Volume (All Markets)
$5,620,000Relative Rate
C E S's average 30 year fixed mortgage rate was
7.29%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.81%.
Relative Fees (Closing Costs)
C E S's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,295.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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 |
|---|---|---|---|---|---|
| Mount Vernon, OH (FHA|USDA|VA) | 37 | $3,245,000 | $87,703 | $4,932 | 7.75% |
| Coshocton, OH (FHA|USDA|VA) | 10 | $1,030,000 | $103,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 5 | $865,000 | $173,000 | $0 | 0.00% |
| MANSFIELD, OH (FHA|USDA|VA) | 3 | $365,000 | $121,667 | $3,021 | 6.38% |
| Ashland, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 53 | $5,165,000 | $97,453 | $0 | 0.00% |
| Conventional | 2 | $280,000 | $140,000 | $3,259 | 7.13% |
| USDA | 1 | $175,000 | $175,000 | $6,369 | 7.63% |
For 2023, C E S's most frequently originated type of loan was Conventional, with 53 originations. Their 2nd most popular type was Conventional, with 2 originations.
Loan Reason
For 2023, C E S's most frequently cited loan purpose was Cash Out Refi, with 33 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 53 | $5,165,000 | $97,453 | $0 | 0.00% |
| 30 Year | 3 | $455,000 | $151,667 | $4,295 | 7.29% |
For 2023, C E S's most frequently cited loan duration was Other, with 53 originations. The 2nd most popular length was 30 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 2 | $280,000 | $140,000 |
| $1k-2k | 1 | $175,000 | $175,000 |
C E S's average total fees were $4,295, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 2 | $310,000 | $155,000 |
| 6-7% | 1 | $145,000 | $145,000 |
During 2023, C E S's average interest rate for loans was 7.29%, while their most frequently originated rate bucket for loans was 7-8%, with 2 originations.
Loan Sizing
2023 saw C E S place emphasis on $100,000 or less loans with 33 originations, totaling $2,015,000 in origination value.
Applicant Income
C E S lent most frequently to those with incomes in the $50k-75k range, with 24 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
C E S lent most frequently to those with DTI ratios of Exempt%, with 53 originations. The next most common DTI ratio? 36%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 55 | $5,425,000 | $98,636 | $4,295 | 7.29% |
| Black | 1 | $195,000 | $195,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications91.55%
C E S has an average approval rate.
Pick Rate
Approvals leading to origination83.93%
C E S has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 53 | $5,165,000 | $97,453 |
| NA | 3 | $455,000 | $151,667 |