St. Josephs Canton Parish Mortgage Rates, Fees & Info
Canton, OHLEI: 549300VDCE0HESF63887
Tax ID: 34-0717119
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
St. Josephs Canton Parish is a smaller mortgage company specializing in Home Improvement loans. St. Josephs Canton Parish has a high proportion of conventional loans. Their top (well, only) market is Canton.St. Josephs Canton Parish has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
18Origination Dollar Volume (All Markets)
$1,040,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 18 | $1,040,000 | $57,778 | $495 | 7.28% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 16 | $930,000 | $58,125 | $495 | 7.09% |
| HELOC | 2 | $110,000 | $55,000 | n/a | 8.75% |
For 2024, St. Josephs Canton Parish's most frequently originated type of loan was Conventional, with 16 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 15 | $925,000 | $61,667 | $448 | 7.43% |
| Other | 2 | $100,000 | $50,000 | $725 | 6.50% |
| Refi | 1 | $15,000 | $15,000 | $650 | 6.50% |
For 2024, St. Josephs Canton Parish's most frequently cited loan purpose was Home Improvement, with 15 originations. The 2nd most popular reason was Other, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 8 | $300,000 | $37,500 | $372 | 7.13% |
| 10 Year | 6 | $400,000 | $66,667 | $463 | 7.58% |
| 15 Year | 4 | $340,000 | $85,000 | $775 | 7.13% |
For 2024, St. Josephs Canton Parish's most frequently cited loan duration was Other, with 8 originations. The 2nd most popular length was 10 Year, with 6 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 10 | $650,000 | $65,000 |
| 7-8% | 6 | $280,000 | $46,667 |
| Over 8% | 2 | $110,000 | $55,000 |
During 2024, St. Josephs Canton Parish's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 10 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 16 | $770,000 | $48,125 | $448 | 7.36% |
| $100k-200k | 2 | $270,000 | $135,000 | $825 | 6.63% |
2024 saw St. Josephs Canton Parish place emphasis on $100,000 or less loans with 16 originations, totaling $770,000 in origination value.
Applicant Income
St. Josephs Canton Parish lent most frequently to those with incomes in the $50k-75k range, with 6 originations. The second most popular income band? $150k-250k, with 4 originations.
Applicant Debt to Income Ratio
St. Josephs Canton Parish lent most frequently to those with DTI ratios of 30-36%, with 4 originations. The next most common DTI ratio? 20-30%, with 3 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 18 | $1,040,000 | $57,778 | $495 | 7.28% |
Approval Rates
Total approvals of all applications82.61%
St. Josephs Canton Parish has a below average approval rate.
Pick Rate
Approvals leading to origination94.44%
St. Josephs Canton Parish has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 18 | $1,040,000 | $57,778 |