Bank Of The James Mortgage Rates, Fees & Info
Lynchburg, VALEI: 549300XV8D5BHDJZY155
Tax ID: 54-1918361
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Bank Of The James is a smaller bank specializing in Refi and Home Purchase loans. Bank Of The James has a high proportion of conventional loans. Their top markets by origination volume include: Lynchburg, Roanoke, Charlottesville, Harrisonburg, and Virginia Beach among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of The James 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.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
250Origination Dollar Volume (All Markets)
$59,830,000Top 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 |
|---|---|---|---|---|---|
| LYNCHBURG, VA (FHA|USDA|VA) | 159 | $26,075,000 | $163,994 | $0 | 0.00% |
| ROANOKE, VA (FHA|USDA|VA) | 23 | $13,095,000 | $569,348 | $0 | 0.00% |
| Outside of Metro Areas | 19 | $7,855,000 | $413,421 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 16 | $4,800,000 | $300,000 | $0 | 0.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 16 | $3,210,000 | $200,625 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 3 | $1,305,000 | $435,000 | $0 | 0.00% |
| STAUNTON, VA (FHA|USDA|VA) | 2 | $1,060,000 | $530,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Danville, VA (FHA|USDA|VA) | 5 | $255,000 | $51,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 250 | $59,830,000 | $239,320 | $0 | 0.00% |
For 2023, Bank Of The James's most frequently originated type of loan was Conventional, with 250 originations.
Loan Reason
For 2023, Bank Of The James's most frequently cited loan purpose was Refi, with 89 originations. The 2nd most popular reason was Home Improvement, with 69 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 250 | $59,830,000 | $239,320 | $0 | 0.00% |
For 2023, Bank Of The James's most frequently cited loan duration was Other, with 250 originations.
Loan Sizing
2023 saw Bank Of The James place emphasis on $100,000 or less loans with 108 originations, totaling $5,350,000 in origination value.
Applicant Income
Bank Of The James lent most frequently to those with incomes in the $150k-250k range, with 51 originations. The second most popular income band? $100k-150k, with 48 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 250 | $59,830,000 | $239,320 | $0 | 0.00% |
Bank Of The James lent most frequently to those with DTI ratios of Exempt%, with 250 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.58%
Bank Of The James has an average approval rate.
Pick Rate
Approvals leading to origination88.40%
Bank Of The James has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 250 | $59,830,000 | $239,320 |