Oak View National Bank Mortgage Rates, Fees & Info
Warrenton, VALEI: 549300WO6ELYQQWFMD71
Tax ID: 26-2656117
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Oak View National Bank is a smaller bank specializing in Home Purchase loans. Oak View National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Kill Devil Hills, Hilton Head Island, Lynchburg, and Winchester among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Oak View National Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
42Origination Dollar Volume (All Markets)
$12,410,000Top 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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 34 | $8,210,000 | $241,471 | $0 | 0.00% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $2,215,000 | $738,333 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $540,000 | $270,000 | $0 | 0.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 42 | $12,410,000 | $295,476 | $0 | 0.00% |
For 2024, Oak View National Bank's most frequently originated type of loan was Conventional, with 42 originations.
Loan Reason
For 2024, Oak View National Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 42 | $12,410,000 | $295,476 | $0 | 0.00% |
For 2024, Oak View National Bank's most frequently cited loan duration was Other, with 42 originations.
Loan Sizing
2024 saw Oak View National Bank place emphasis on $200k-400k loans with 16 originations, totaling $4,570,000 in origination value.
Applicant Income
Oak View National Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $50k-75k, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 42 | $12,410,000 | $295,476 | $0 | 0.00% |
Oak View National Bank lent most frequently to those with DTI ratios of Exempt%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Oak View National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination97.62%
Oak View National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 42 | $12,410,000 | $295,476 |