Miami Savings Bank Mortgage Rates, Fees & Info
Hamilton, OHLEI: 549300XZNW8Y7BOTQ597
Tax ID: 31-0375911
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Miami Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Miami Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Cincinnati.Miami Savings 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
51Origination Dollar Volume (All Markets)
$14,435,000Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 49 | $14,175,000 | $289,286 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $260,000 | $130,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 51 | $14,435,000 | $283,039 | $0 | 0.00% |
For 2022, Miami Savings Bank's most frequently originated type of loan was Conventional, with 51 originations.
Loan Reason
For 2022, Miami Savings Bank's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Cash Out Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 51 | $14,435,000 | $283,039 | $0 | 0.00% |
For 2022, Miami Savings Bank's most frequently cited loan duration was Other, with 51 originations.
Loan Sizing
2022 saw Miami Savings Bank place emphasis on $100k-200k loans with 19 originations, totaling $2,685,000 in origination value.
Applicant Income
Miami Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 12 originations. The second most popular income band? $100k-150k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 51 | $14,435,000 | $283,039 | $0 | 0.00% |
Miami Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 51 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.23%
Miami Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination98.04%
Miami Savings 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 | 51 | $14,435,000 | $283,039 |