St. Josephs Canton Parish Mortgage Rates, Fees & Info
Canton, OHLEI: 549300VDCE0HESF63887
Tax ID: 34-0717119
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Mortgage Data
Review & Overview
St. Josephs Canton Parish is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase loans. St. Josephs Canton Parish has a high proportion of conventional loans. Their top two markets are Canton and Akron .St. Josephs Canton Parish 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. St. Josephs Canton Parish 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.
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Originations
24Origination Dollar Volume (All Markets)
$1,340,000Relative Rate
St. Josephs Canton Parish's average 30 year fixed mortgage rate was
7.19%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.71%.
Relative Fees (Closing Costs)
St. Josephs Canton Parish's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,283.
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 |
|---|---|---|---|---|---|
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 23 | $1,275,000 | $55,435 | $916 | 6.91% |
| AKRON, OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $650 | 10.75% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $1,340,000 | $55,833 | $905 | 7.07% |
For 2023, St. Josephs Canton Parish's most frequently originated type of loan was Conventional, with 24 originations.
Loan Reason
For 2023, St. Josephs Canton Parish's most frequently cited loan purpose was Home Improvement, with 10 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
For 2023, St. Josephs Canton Parish's most frequently cited loan duration was Other, with 10 originations. The 2nd most popular length was 10 Year, with 6 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 23 | $1,085,000 | $47,174 |
| $2k-3k | 1 | $255,000 | $255,000 |
St. Josephs Canton Parish's average total fees were $4,283, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 23 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 10 | $390,000 | $39,000 |
| Over 8% | 6 | $270,000 | $45,000 |
| 7-8% | 4 | $490,000 | $122,500 |
| 4-5% | 3 | $155,000 | $51,667 |
| 5-6% | 1 | $35,000 | $35,000 |
During 2023, St. Josephs Canton Parish's average interest rate for loans was 7.19%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.
Loan Sizing
2023 saw St. Josephs Canton Parish place emphasis on $100,000 or less loans with 22 originations, totaling $980,000 in origination value.
Applicant Income
St. Josephs Canton Parish lent most frequently to those with incomes in the $75k-100k range, with 10 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
St. Josephs Canton Parish lent most frequently to those with DTI ratios of <20%, with 7 originations. The next most common DTI ratio? 20-30%, with 5 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 24 | $1,340,000 | $55,833 | $905 | 7.07% |
Approval Rates
Total approvals of all applications75.61%
St. Josephs Canton Parish has a below average approval rate.
Pick Rate
Approvals leading to origination87.50%
St. Josephs Canton Parish has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 24 | $1,340,000 | $55,833 |