# MECHANICS BANK

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


> **📋 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


MECHANICS BANK is a bank, headquartered in MANSFIELD, OH, with 309 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 60% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 21% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900048S1FLI3G2922
- **Headquarters:** MANSFIELD, OH
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** OH
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

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

### Pull Through: Strong 😀
- Score: 79/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.009%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $821
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 309
- **Dollar Volume:** $67 million
- **Applications Received:** 353
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $217,524
- **Average Borrower Income:** $108,382
- **Average Property Value:** $295,194

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (63%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 71/100 | 308 | -0.009% | $821 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 290 loans, Score: 72/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 70/100 | 291 | $64M | -0.010% | Strong 😀 |
| Refinance | 46/100 | 18 | $3M | +0.009% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 309 | 0.23% | 77/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Mansfield, OH | OH | 224 | 100/100 |
| Non |  | 75 | 52/100 |

## Where This Lender Ranks

MECHANICS BANK appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Mansfield, OH Banks
  - [View Full Rankings](https://saferate.com/mansfield-oh/best-mortgage-lenders/banks)
- 🥉 **#3** in Mansfield, OH for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/mansfield-oh/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Mansfield, OH
  - [View Full Rankings](https://saferate.com/mansfield-oh/best-mortgage-lenders)
- 🏆 **#5** in Mansfield, OH for Conventional Loans
  - [View Full Rankings](https://saferate.com/mansfield-oh/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does MECHANICS BANK offer?

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

### Where does MECHANICS BANK offer mortgages?

MECHANICS BANK offers mortgages in 1 states: OH.

### How competitive are MECHANICS BANK's mortgage rates?

MECHANICS BANK has a pricing score of 40/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.009% below market average.

### What type of lender is MECHANICS BANK?

MECHANICS BANK is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in MANSFIELD, OH.

### What is MECHANICS BANK's loan approval success rate?

MECHANICS BANK has a pull-through score of 79/100 (Strong). 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/mechanics-bank-oh

### How to Cite

> "MECHANICS BANK Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/mechanics-bank-oh

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