# Chesapeake Bank

> **Canonical URL:** https://saferate.com/lenders/chesapeake-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Chesapeake Bank is a bank, headquartered in Kilmarnock, VA, with 121 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 67% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 60% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900YJPIZ3RCMEM452
- **Headquarters:** Kilmarnock, VA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** VA
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 33/100
- Rating: ●●○○○ (2/5)

### Pull Through: Acceptable 🙂
- Score: 40/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.525%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $962
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 121
- **Dollar Volume:** $40 million
- **Applications Received:** 204
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $329,628
- **Average Borrower Income:** $255,289
- **Average Property Value:** $551,860

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 37/100 | 114 | +0.514% | $1,031 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 96 loans, Score: 37/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 35/100 | 103 | $37M | +0.474% | Acceptable 🙂 |
| Refinance | 27/100 | 18 | $3M | +0.825% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| VA | 121 | 0.11% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Virginia Beach | VA-NC | 48 | 65/100 |
| Non |  | 40 | 46/100 |
| Richmond, VA | VA | 31 | 61/100 |

## Frequently Asked Questions

### What loan types does Chesapeake Bank offer?

Chesapeake Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Chesapeake Bank offer mortgages?

Chesapeake Bank offers mortgages in 1 states: VA.

### How competitive are Chesapeake Bank's mortgage rates?

Chesapeake Bank has a pricing score of 33/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.525% above market average.

### What type of lender is Chesapeake Bank?

Chesapeake Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Kilmarnock, VA.

### What is Chesapeake Bank's loan approval success rate?

Chesapeake Bank has a pull-through score of 40/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/chesapeake-bank

### How to Cite

> "Chesapeake Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/chesapeake-bank

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