C E S Mortgage Rates, Fees & Info

Mount Vernon, OH

LEI: 549300P0EVSTBKD8HJ82

Tax ID: 31-4400124

5 stars - Updated: 10/29/24 - out of 5 stars, based on 7 reviews

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

Jump to:

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from C E S. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

56

Origination Dollar Volume (All Markets)

$5,620,000

Relative 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%
C E S's top markets include Mount Vernon, Coshocton, Columbus, Mansfield, and Ashland among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 33 $3,395,000 $102,879 $0 0.00%
    Home Purchase 10 $1,360,000 $136,000 $4,295 7.29%
    Other 8 $550,000 $68,750 $0 0.00%
    Refi 3 $205,000 $68,333 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 33 $2,015,000 $61,061 $0 0.00%
    $100k-200k 19 $2,695,000 $141,842 $4,295 7.29%
    $200k-400k 4 $910,000 $227,500 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 24 $2,120,000 $88,333 $6,369 7.63%
    $50k or less 11 $1,085,000 $98,636 $3,259 7.13%
    $100k-150k 8 $1,110,000 $138,750 $0 0.00%
    $75k-100k 8 $720,000 $90,000 $0 0.00%
    $150k-250k 2 $360,000 $180,000 $0 0.00%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $5,165,000 $97,453 $0 0.00%
    36% 1 $135,000 $135,000 $3,496 7.88%
    37% 1 $175,000 $175,000 $6,369 7.63%
    40% 1 $145,000 $145,000 $3,021 6.38%

    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 applications
    91.55%

    C E S has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.93%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    56 $5,620,000 $100,357

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    80-100% 3 $455,000 $151,667 $4,295 7.29%