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 an average proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Mount Vernon, Columbus, Coshocton, Ashland, and Mansfield among others. We have data for 7 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 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
99Origination Dollar Volume (All Markets)
$12,115,000Top 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) | 64 | $7,780,000 | $121,563 | $3,503 | 3.04% |
| COLUMBUS, OH (FHA|USDA|VA) | 18 | $2,050,000 | $113,889 | $0 | 0.00% |
| Coshocton, OH (FHA|USDA|VA) | 4 | $810,000 | $202,500 | $0 | 0.00% |
| Ashland, OH (FHA|USDA|VA) | 7 | $735,000 | $105,000 | $2,414 | 2.81% |
| MANSFIELD, OH (FHA|USDA|VA) | 4 | $430,000 | $107,500 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Marion, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 94 | $11,320,000 | $120,426 | $0 | 0.00% |
| Conventional | 4 | $660,000 | $165,000 | $2,648 | 3.03% |
| USDA | 1 | $135,000 | $135,000 | $4,744 | 2.63% |
For 2021, C E S's most frequently originated type of loan was Conventional, with 94 originations. Their 2nd most popular type was Conventional, with 4 originations.
Loan Reason
For 2021, C E S's most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Home Purchase, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 94 | $11,320,000 | $120,426 | $0 | 0.00% |
| 30 Year | 4 | $660,000 | $165,000 | $3,148 | 3.03% |
| 15 Year | 1 | $135,000 | $135,000 | $2,744 | 2.63% |
For 2021, C E S's most frequently cited loan duration was Other, with 94 originations. The 2nd most popular length was 30 Year, with 4 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 4 | $660,000 | $165,000 |
| $1k-2k | 1 | $135,000 | $135,000 |
C E S's average total fees were $3,148, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3 | $415,000 | $138,333 |
| 3-4% | 2 | $380,000 | $190,000 |
During 2021, C E S's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3 originations.
Loan Sizing
2021 saw C E S place emphasis on $100k-200k loans with 54 originations, totaling $7,450,000 in origination value.
Applicant Income
C E S lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $75k-100k, with 24 originations.
Applicant Debt to Income Ratio
C E S lent most frequently to those with DTI ratios of Exempt%, with 94 originations. The next most common DTI ratio? <20%, with 1 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 96 | $11,650,000 | $121,354 | $3,067 | 2.95% |
| Black | 3 | $465,000 | $155,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications92.80%
C E S has an average approval rate.
Pick Rate
Approvals leading to origination82.83%
C E S has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 94 | $11,320,000 | $120,426 |
| NA | 5 | $795,000 | $159,000 |