Bank Of Geneva Mortgage Rates, Fees & Info

Monroe, IN

LEI: 549300ZYR8GQTIKK3K61

Tax ID: 35-0161710

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Bank Of Geneva is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Geneva has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, New Castle, Fort Wayne, Bluffton, and Van Wert among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Geneva 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. Bank Of Geneva is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

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    Originations

    144

    Origination Dollar Volume (All Markets)

    $21,470,000

    Awards

    Bank of Geneva 30 Year Conventional Loans gold Bank of Geneva 30 Year Conventional Loans bronze Bank of Geneva 30 Year Conventional Loans gold
    Show all (3) awards

    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
    Decatur, IN (FHA|USDA|VA) 94 $14,770,000 $157,128 $1,810 4.78%
    Outside of Metro Areas 30 $3,650,000 $121,667 $2,116 4.85%
    New Castle, IN (FHA|USDA|VA) 2 $770,000 $385,000 $2,082 4.69%
    FORT WAYNE, IN (FHA|USDA|VA) 3 $665,000 $221,667 $2,614 5.37%
    Bluffton, IN (FHA|USDA|VA) 4 $560,000 $140,000 $1,303 5.32%
    Van Wert, OH (FHA|USDA|VA) 5 $315,000 $63,000 $1,896 5.52%
    Richmond, IN (FHA|USDA|VA) 2 $280,000 $140,000 $2,355 5.64%
    Celina, OH (FHA|USDA|VA) 2 $200,000 $100,000 $1,386 4.60%
    MUNCIE, IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.60%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
    Bank Of Geneva's top markets include Decatur, New Castle, Fort Wayne, Bluffton, and Van Wert among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bank of Geneva based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank of Geneva
    Similarity Rank: 50
    ProFed Federal Credit Union
    Similarity Rank: 114
    MIDWEST AMERICA
    Similarity Rank: 176
    First Merchants Bank
    Similarity Rank: 594
    Fifth Third Mortgage Company
    Similarity Rank: 2562
    RUOFF MORTGAGE COMPANY, INC.
    Similarity Rank: 2632
    QUICKEN LOANS, LLC
    Similarity Rank: 12992

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 144 $21,470,000 $149,097 $1,886 4.86%

    For 2018, Bank Of Geneva's most frequently originated type of loan was Conventional, with 144 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 82 $12,010,000 $146,463 $1,865 4.67%
    Home Purchase 56 $9,090,000 $162,321 $1,936 5.17%
    Other 4 $310,000 $77,500 $1,825 4.61%
    Home Improvement 1 $25,000 $25,000 $1,287 5.13%
    Cash Out Refi 1 $35,000 $35,000 $1,775 4.75%

    For 2018, Bank Of Geneva's most frequently cited loan purpose was Refi, with 82 originations. The 2nd most popular reason was Home Purchase, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 111 $18,215,000 $164,099 $2,007 4.87%
    20 Year 16 $1,690,000 $105,625 $1,550 4.79%
    10 Year 5 $245,000 $49,000 $1,113 4.74%
    Other 5 $725,000 $145,000 $1,913 4.60%
    15 Year 3 $395,000 $131,667 $1,303 4.98%
    5 Year 3 $65,000 $21,667 $1,098 4.82%
    1 Year 1 $135,000 $135,000 $950 7.50%

    For 2018, Bank Of Geneva's most frequently cited loan duration was 30 Year, with 111 originations. The 2nd most popular length was 20 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 95 $14,055,000 $147,947
    $2k-3k 20 $3,280,000 $164,000
    $1k-2k 19 $1,635,000 $86,053
    $3k-4k 5 $1,415,000 $283,000
    $4k-5k 2 $390,000 $195,000
    $5k+ 1 $435,000 $435,000

    Bank Of Geneva's average total fees were $2,007, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 95 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 91 $14,385,000 $158,077
    5-6% 44 $6,120,000 $139,091
    6-7% 4 $440,000 $110,000
    7-8% 4 $330,000 $82,500
    3-4% 1 $195,000 $195,000

    During 2018, Bank Of Geneva's average interest rate for loans was 4.87%, while their most frequently originated rate bucket for loans was 4-5%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 68 $9,590,000 $141,029 $1,827 4.82%
    $100,000 or less 43 $2,555,000 $59,419 $1,507 5.01%
    $200k-400k 29 $7,075,000 $243,966 $2,461 4.78%
    $400k-600k 2 $870,000 $435,000 $3,730 4.75%
    $600k-1MM 2 $1,380,000 $690,000 $1,476 4.43%

    2018 saw Bank Of Geneva place emphasis on $100k-200k loans with 68 originations, totaling $9,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 93 $12,355,000 $132,849 $1,793 4.90%
    $50k-75k 30 $5,450,000 $181,667 $2,039 4.77%
    $75k-100k 7 $1,065,000 $152,143 $2,132 5.04%
    $100k-150k 6 $1,010,000 $168,333 $2,134 4.40%
    $150k-250k 3 $505,000 $168,333 $2,641 4.53%
    $250k+ 3 $865,000 $288,333 $1,573 5.25%

    Bank Of Geneva lent most frequently to those with incomes in the $50k or less range, with 93 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 29 $3,975,000 $137,069 $1,483 4.75%
    <20% 28 $2,290,000 $81,786 $1,627 4.77%
    30-36% 18 $2,740,000 $152,222 $2,155 4.93%
    50-60% 11 $2,115,000 $192,273 $1,911 5.10%
    >60% 9 $1,885,000 $209,444 $2,149 5.09%
    38% 7 $1,305,000 $186,429 $2,644 4.99%
    39% 5 $885,000 $177,000 $2,330 4.98%
    40% 5 $655,000 $131,000 $1,912 4.46%
    37% 4 $870,000 $217,500 $3,497 4.89%
    46% 4 $460,000 $115,000 $1,875 5.28%
    45% 3 $535,000 $178,333 $2,331 4.85%
    47% 3 $605,000 $201,667 $1,212 4.49%
    43% 2 $360,000 $180,000 $1,199 4.23%
    49% 2 $310,000 $155,000 $1,236 5.13%
    42% 2 $380,000 $190,000 $3,183 4.95%
    36% 1 $135,000 $135,000 $2,744 4.80%
    48% 1 $155,000 $155,000 $1,373 5.88%
    44% 1 $125,000 $125,000 $1,182 4.20%

    Bank Of Geneva lent most frequently to those with DTI ratios of 20-30%, with 29 originations. The next most common DTI ratio? <20%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 142 $21,240,000 $149,577 $1,890 4.86%
    Not applicable 1 $175,000 $175,000 $0 5.60%
    Not provided 1 $55,000 $55,000 $1,441 4.60%

    Approval Rates

    Total approvals of all applications
    91.33%

    Bank Of Geneva has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.28%

    Bank Of Geneva has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    3854.5 1 $75,000 $75,000
    NA 143 $21,395,000 $149,615

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 5 $355,000 $71,000
    Single Family (1-4 Units):Site-Built 139 $21,115,000 $151,906

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,650,000 $117,857 $1,948 4.62%
    40-60% 35 $4,455,000 $127,286 $1,838 4.54%
    60-80% 61 $9,785,000 $160,410 $1,757 4.98%
    80-100% 28 $5,290,000 $188,929 $2,310 5.20%
    Under 20% 6 $290,000 $48,333 $1,208 4.56%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%