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, 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.
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
383Origination Dollar Volume (All Markets)
$94,605,000Top 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) | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications92.76%
Bank Of The James has an average approval rate.
Pick Rate
Approvals leading to origination93.21%
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 |
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% |