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. Their top markets by origination volume include: Mount Vernon, Columbus, Ashland, Mansfield, and Cleveland among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)C E S has an 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 about average 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% | 11/22/24 |
| 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
71Origination Dollar Volume (All Markets)
$6,935,000Top 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 |
|---|---|---|---|---|---|
| Mount Vernon, OH (FHA|USDA|VA) | 50 | $4,860,000 | $97,200 | $3,898 | 3.92% |
| COLUMBUS, OH (FHA|USDA|VA) | 10 | $1,040,000 | $104,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 3 | $235,000 | $78,333 | $4,330 | 3.75% |
| MANSFIELD, OH (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,904 | 4.00% |
| Coshocton, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,856 | 3.63% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $6,305,000 | $97,000 | $0 | 0.00% |
| USDA | 5 | $515,000 | $103,000 | $3,976 | 3.83% |
| Conventional | 1 | $115,000 | $115,000 | $2,904 | 4.00% |
For 2019, C E S's most frequently originated type of loan was Conventional, with 65 originations. Their 2nd most popular type was USDA, with 5 originations.
Loan Reason
For 2019, C E S's most frequently cited loan purpose was Cash Out Refi, with 34 originations. The 2nd most popular reason was Home Purchase, with 27 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $6,305,000 | $97,000 | $0 | 0.00% |
| 30 Year | 6 | $630,000 | $105,000 | $3,797 | 3.85% |
For 2019, C E S's most frequently cited loan duration was Other, with 65 originations. The 2nd most popular length was 30 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 4 | $430,000 | $107,500 |
| $<1k | 2 | $200,000 | $100,000 |
C E S's average total fees were $3,797, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 5 | $545,000 | $109,000 |
| 4-5% | 1 | $85,000 | $85,000 |
During 2019, C E S's average interest rate for loans was 3.85%, while their most frequently originated rate bucket for loans was 3-4%, with 5 originations.
Loan Sizing
2019 saw C E S place emphasis on $100,000 or less loans with 42 originations, totaling $2,720,000 in origination value.
Applicant Income
C E S lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 26 originations.
Applicant Debt to Income Ratio
C E S lent most frequently to those with DTI ratios of Exempt%, with 65 originations. The next most common DTI ratio? 30-36%, with 4 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 70 | $6,820,000 | $97,429 | $3,797 | 3.85% |
| Black | 1 | $115,000 | $115,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.01%
C E S has an average approval rate.
Pick Rate
Approvals leading to origination87.32%
C E S has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $6,305,000 | $97,000 |
| NA | 6 | $630,000 | $105,000 |