St. Josephs Canton Parish Mortgage Rates, Fees & Info

Canton, OH

LEI: 549300VDCE0HESF63887

Tax ID: 34-0717119

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    St. Josephs Canton Parish is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. St. Josephs Canton Parish has a high proportion of conventional loans. Their top markets by origination volume include: Canton, Wooster, and Ashland among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    St. Josephs Canton Parish 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. 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 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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    Originations

    33

    Origination Dollar Volume (All Markets)

    $1,755,000

    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) 31 $1,675,000 $54,032 $835 5.48%
    Wooster, OH (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.50%
    Ashland, OH (FHA|USDA|VA) 1 $25,000 $25,000 $525 10.50%
    St. Josephs Canton Parish's top markets include Canton, Wooster, and Ashland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 28 $1,360,000 $48,571 $665 5.72%
    HELOC 4 $190,000 $47,500 n/a 5.19%
    VA 1 $205,000 $205,000 $4,443 4.75%

    For 2018, St. Josephs Canton Parish's most frequently originated type of loan was Conventional, with 28 originations. Their 2nd most popular type was HELOC, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 10 $340,000 $34,000 $525 5.68%
    Cash Out Refi 9 $525,000 $58,333 $525 6.69%
    Home Purchase 7 $655,000 $93,571 $2,273 4.88%
    Refi 6 $190,000 $31,667 $550 5.04%
    Other 1 $45,000 $45,000 $0 4.38%

    For 2018, St. Josephs Canton Parish's most frequently cited loan purpose was Home Improvement, with 10 originations. The 2nd most popular reason was Cash Out Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 10 $380,000 $38,000 $550 5.55%
    15 Year 9 $345,000 $38,333 $693 6.00%
    Other 7 $195,000 $27,857 $525 5.82%
    30 Year 6 $770,000 $128,333 $3,347 5.13%
    3 Year 1 $65,000 $65,000 $525 4.75%

    For 2018, St. Josephs Canton Parish's most frequently cited loan duration was 10 Year, with 10 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 14 $750,000 $53,571
    5-6% 13 $815,000 $62,692
    6-7% 2 $50,000 $25,000
    7-8% 2 $70,000 $35,000
    Over 8% 2 $70,000 $35,000

    During 2018, St. Josephs Canton Parish's average interest rate for loans was 5.13%, while their most frequently originated rate bucket for loans was 4-5%, with 14 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 28 $1,080,000 $38,571 $593 5.72%
    $100k-200k 4 $470,000 $117,500 $2,250 5.19%
    $200k-400k 1 $205,000 $205,000 $4,443 4.75%

    2018 saw St. Josephs Canton Parish place emphasis on $100,000 or less loans with 28 originations, totaling $1,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $530,000 $44,167 $542 5.60%
    $50k or less 12 $530,000 $44,167 $675 6.02%
    $100k-150k 5 $375,000 $75,000 $1,831 5.00%
    $75k-100k 4 $320,000 $80,000 $1,100 5.31%

    St. Josephs Canton Parish lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 11 $535,000 $48,636 $525 5.43%
    20-30% 7 $525,000 $75,000 $1,654 6.54%
    <20% 4 $160,000 $40,000 $525 5.06%
    43% 2 $70,000 $35,000 $525 5.38%
    42% 1 $35,000 $35,000 $525 5.25%
    45% 1 $45,000 $45,000 $0 4.38%
    46% 1 $35,000 $35,000 $675 5.00%
    47% 1 $5,000 $5,000 $525 8.00%
    48% 1 $115,000 $115,000 $0 5.63%
    49% 1 $135,000 $135,000 $0 5.13%
    37% 1 $35,000 $35,000 $525 6.50%
    40% 1 $45,000 $45,000 $1,872 4.63%
    41% 1 $15,000 $15,000 $525 4.75%

    St. Josephs Canton Parish lent most frequently to those with DTI ratios of 30-36%, with 11 originations. The next most common DTI ratio? 20-30%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 33 $1,755,000 $53,182 $823 5.63%

    Approval Rates

    Total approvals of all applications
    93.48%

    St. Josephs Canton Parish has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.79%

    St. Josephs Canton Parish has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 33 $1,755,000 $53,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 33 $1,755,000 $53,182

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $285,000 $40,714 $525 4.82%
    40-60% 7 $295,000 $42,143 $525 6.21%
    60-80% 4 $320,000 $80,000 $525 6.41%
    80-100% 7 $645,000 $92,143 $1,923 5.34%
    Under 20% 8 $210,000 $26,250 $550 5.69%