# The Genoa Banking Company

> **Canonical URL:** https://saferate.com/lenders/the-genoa-banking


> **📋 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


The Genoa Banking Company is a bank, headquartered in Genoa, OH, serving borrowers across 4 states, with 274 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 29% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 30% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300DRKI1J5D73X280
- **Headquarters:** Genoa, OH
- **Geographic Reach:** Regional
- **States Served:** 4
- **State List:** FL, IN, MI, OH
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 71/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.096%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,447
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 274
- **Dollar Volume:** $68 million
- **Applications Received:** 313
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $248,358
- **Average Borrower Income:** $166,719
- **Average Property Value:** $331,593

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 66/100 | 269 | +0.096% | $1,447 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 243 loans, Score: 66/100 (Strong)
- Refinance: 26 loans, Score: 45/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 65/100 | 247 | $61M | +0.082% | Strong 😀 |
| Refinance | 44/100 | 27 | $7M | +0.221% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OH | 261 | 0.19% | 76/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Toledo, OH | OH | 150 | 89/100 |
| Sandusky, OH | OH | 79 | 88/100 |
| Non |  | 33 | 39/100 |

## Where This Lender Ranks

The Genoa Banking Company appears in the following market rankings:

### Best Overall Mortgage Lenders

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

## Frequently Asked Questions

### What loan types does The Genoa Banking Company offer?

The Genoa Banking Company offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does The Genoa Banking Company offer mortgages?

The Genoa Banking Company offers mortgages in 4 states: FL, IN, MI, OH.

### How competitive are The Genoa Banking Company's mortgage rates?

The Genoa Banking Company has a pricing score of 71/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.096% above market average.

### What type of lender is The Genoa Banking Company?

The Genoa Banking Company is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Genoa, OH.

### What is The Genoa Banking Company's loan approval success rate?

The Genoa Banking Company has a pull-through score of 70/100 (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/the-genoa-banking

### How to Cite

> "The Genoa Banking Company Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/the-genoa-banking

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