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, Home Purchase, and Cash Out Refi 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
41Origination Dollar Volume (All Markets)
$2,725,000Top 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 |
---|---|---|---|---|---|
CANTON-MASSILLON, OH (FHA|USDA|VA) | 38 | $2,510,000 | $66,053 | $1,657 | 6.11% |
AKRON, OH (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $3,445 | 4.58% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 38 | $2,380,000 | $62,632 | $1,292 | 6.07% |
HELOC | 2 | $60,000 | $30,000 | n/a | 5.50% |
VA | 1 | $285,000 | $285,000 | $18,024 | 3.88% |
For 2019, St. Josephs Canton Parish's most frequently originated type of loan was Conventional, with 38 originations. Their 2nd most popular type was HELOC, with 2 originations.
Loan Reason
For 2019, St. Josephs Canton Parish's most frequently cited loan purpose was Home Improvement, with 14 originations. The 2nd most popular reason was Home Purchase, with 10 originations.
Loan Duration/Length
For 2019, St. Josephs Canton Parish's most frequently cited loan duration was 15 Year, with 14 originations. The 2nd most popular length was 10 Year, with 9 originations.
Origination Fees/Closing Costs
Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
---|---|---|---|
$<1k | 10 | $1,060,000 | $106,000 |
$1k-2k | 2 | $340,000 | $170,000 |
$2k-3k | 2 | $170,000 | $85,000 |
St. Josephs Canton Parish's average total fees were $4,251, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 10 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 17 | $1,215,000 | $71,471 |
5-6% | 13 | $655,000 | $50,385 |
6-7% | 6 | $280,000 | $46,667 |
3-4% | 3 | $425,000 | $141,667 |
Over 8% | 1 | $125,000 | $125,000 |
During 2019, St. Josephs Canton Parish's average interest rate for loans was 8.65%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.
Loan Sizing
2019 saw St. Josephs Canton Parish place emphasis on $100,000 or less loans with 35 originations, totaling $1,715,000 in origination value.
Applicant Income
St. Josephs Canton Parish lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $50k-75k, with 11 originations.
Applicant Debt to Income Ratio
St. Josephs Canton Parish lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? <20%, with 6 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 39 | $2,625,000 | $67,308 | $1,714 | 6.05% |
Not provided | 2 | $100,000 | $50,000 | $2,483 | 5.00% |
Approval Rates
Total approvals of all applications76.92%
St. Josephs Canton Parish has a below average approval rate.
Pick Rate
Approvals leading to origination82.93%
St. Josephs Canton Parish has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 41 | $2,725,000 | $66,463 |