Bank Of The James Mortgage Rates, Fees & Info

Lynchburg, VA

LEI: 549300XV8D5BHDJZY155

Tax ID: 54-1918361

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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, Harrisonburg, Charlottesville, Virginia Beach, and Roanoke among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of The James 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

383

Origination Dollar Volume (All Markets)

$94,605,000

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
LYNCHBURG, VA (FHA|USDA|VA) 227 $40,735,000 $179,449 $0 0.00%
HARRISONBURG, VA (FHA|USDA|VA) 44 $15,850,000 $360,227 $0 0.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 33 $12,235,000 $370,758 $0 0.00%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $9,475,000 $1,895,000 $0 0.00%
Outside of Metro Areas 17 $6,165,000 $362,647 $0 0.00%
ROANOKE, VA (FHA|USDA|VA) 34 $5,600,000 $164,706 $0 0.00%
STAUNTON, VA (FHA|USDA|VA) 6 $2,300,000 $383,333 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 5 $595,000 $119,000 $0 0.00%
Danville, VA (FHA|USDA|VA) 8 $430,000 $53,750 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
RICHMOND, VA (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
Bank Of The James's top markets include Lynchburg, Harrisonburg, Charlottesville, Virginia Beach, and Roanoke among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 383 $94,605,000 $247,010 $0 0.00%

    For 2022, Bank Of The James's most frequently originated type of loan was Conventional, with 383 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 109 $10,185,000 $93,440 $0 0.00%
    Refi 109 $41,095,000 $377,018 $0 0.00%
    Home Purchase 89 $29,435,000 $330,730 $0 0.00%
    Other 76 $13,890,000 $182,763 $0 0.00%

    For 2022, Bank Of The James's most frequently cited loan purpose was Home Improvement, with 109 originations. The 2nd most popular reason was Refi, with 109 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 383 $94,605,000 $247,010 $0 0.00%

    For 2022, Bank Of The James's most frequently cited loan duration was Other, with 383 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 155 $7,735,000 $49,903 $0 0.00%
    $100k-200k 96 $13,370,000 $139,271 $0 0.00%
    $200k-400k 75 $20,525,000 $273,667 $0 0.00%
    $400k-600k 32 $15,490,000 $484,063 $0 0.00%
    $600k-1MM 13 $9,715,000 $747,308 $0 0.00%
    $1MM+ 12 $27,770,000 $2,314,167 $0 0.00%

    2022 saw Bank Of The James place emphasis on $100,000 or less loans with 155 originations, totaling $7,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 85 $13,715,000 $161,353 $0 0.00%
    $150k-250k 63 $12,845,000 $203,889 $0 0.00%
    $250k+ 43 $14,995,000 $348,721 $0 0.00%
    $50k or less 43 $3,255,000 $75,698 $0 0.00%
    $50k-75k 39 $4,095,000 $105,000 $0 0.00%
    $75k-100k 38 $3,630,000 $95,526 $0 0.00%

    Bank Of The James lent most frequently to those with incomes in the $100k-150k range, with 85 originations. The second most popular income band? $150k-250k, with 63 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 383 $94,605,000 $247,010 $0 0.00%

    Bank Of The James lent most frequently to those with DTI ratios of Exempt%, with 383 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 284 $47,800,000 $168,310 $0 0.00%
    Not applicable 54 $38,120,000 $705,926 $0 0.00%
    Not provided 17 $3,995,000 $235,000 $0 0.00%
    Black 21 $3,155,000 $150,238 $0 0.00%
    American Indian 5 $855,000 $171,000 $0 0.00%
    Asian 2 $680,000 $340,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.76%

    Bank Of The James has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.21%

    Bank Of The James has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 383 $94,605,000 $247,010

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    383 $94,605,000 $247,010

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    BANK OF NEW YORK MELLON CORPORATION, THE Reverse mortgage Struggling to pay mortgage 1 100.0%