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 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.

    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

    41

    Origination Dollar Volume (All Markets)

    $2,725,000

    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) 38 $2,510,000 $66,053 $1,657 6.11%
    AKRON, OH (FHA|USDA|VA) 3 $215,000 $71,667 $3,445 4.58%
    St. Josephs Canton Parish's top markets include Canton and Akron among others.

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

    • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 14 $570,000 $40,714 $400 5.40%
    Home Purchase 10 $1,030,000 $103,000 $4,319 8.04%
    Refi 7 $415,000 $59,286 $889 5.30%
    Cash Out Refi 7 $645,000 $92,143 $1,306 5.07%
    Other 3 $65,000 $21,667 $358 5.58%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 14 $810,000 $57,857 $1,372 5.27%
    10 Year 9 $395,000 $43,889 $386 5.44%
    30 Year 9 $1,105,000 $122,778 $4,251 8.65%
    Other 8 $230,000 $28,750 $395 5.06%
    20 Year 1 $185,000 $185,000 $2,064 4.38%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 35 $1,715,000 $49,000 $1,078 5.22%
    $100k-200k 5 $725,000 $145,000 $2,576 11.70%
    $200k-400k 1 $285,000 $285,000 $18,024 3.88%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 13 $615,000 $47,308 $1,177 5.42%
    $50k-75k 11 $735,000 $66,818 $1,096 8.33%
    $100k-150k 9 $805,000 $89,444 $2,840 5.00%
    $75k-100k 6 $460,000 $76,667 $2,034 4.88%
    $150k-250k 2 $110,000 $55,000 $2,386 4.56%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 10 $410,000 $41,000 $1,172 5.05%
    <20% 6 $340,000 $56,667 $1,012 5.03%
    30-36% 6 $620,000 $103,333 $1,787 11.17%
    36% 4 $260,000 $65,000 $2,274 4.50%
    48% 3 $175,000 $58,333 $575 5.50%
    39% 2 $190,000 $95,000 $1,365 5.56%
    43% 2 $80,000 $40,000 $275 5.75%
    46% 2 $120,000 $60,000 $1,381 4.81%
    42% 1 $15,000 $15,000 $525 4.75%
    38% 1 $65,000 $65,000 $1,982 4.50%
    44% 1 $55,000 $55,000 $525 6.75%
    45% 1 $55,000 $55,000 $0 5.75%
    40% 1 $55,000 $55,000 $275 5.00%
    41% 1 $285,000 $285,000 $18,024 3.88%

    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 applications
    76.92%

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

    Pick Rate

    Approvals leading to origination
    82.93%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 41 $2,725,000 $66,463

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $450,000 $45,000 $346 5.56%
    40-60% 5 $295,000 $59,000 $1,003 5.50%
    60-80% 6 $580,000 $96,667 $2,483 4.52%
    80-100% 9 $1,075,000 $119,444 $4,160 8.54%
    Under 20% 11 $325,000 $29,545 $383 5.32%