What loan types does Somerville Bank offer?

Somerville Bank offers the following mortgage loan types: Conventional. Each product has its own pricing score and performance metrics.

Where does Somerville Bank offer mortgages?

Somerville Bank offers mortgages in 3 states: FL, IN, OH.

How competitive are Somerville Bank's mortgage rates?

Somerville Bank has an overall pricing score of 71.9/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Somerville Bank?

Somerville Bank is a Bank headquartered in Eaton, OH.

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Somerville Bank

Bank•Eaton, OHHQ•Direct•Reviews near you on Google

Somerville Bank has 83 closed loans in our dataset — fully analyzed and benchmarked against peers across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Strong

4/5

Regional · 1 mkts

Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees

Explore another lender or local market

Report Card

Somerville Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

+8.3 bps above market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Acceptable

Bottom 40% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Acceptable

Bottom 40% of lenders

Refinance

Acceptable

Bottom 40% of lenders

By Location· Geographic coverage

Geographic Reach

Regional · 2 markets

Sound

Top 60% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Acceptable	Strong	Sound	80	96.4%	+0.062%Above	$1,215Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Sound

Volume80

Mix96.4%

Spread

+0.062%Above

Fees

$1,215Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Strong	Sound	55	66.3%	+0.022%Above	$1,254Fees
Refinance	Sound	Acceptable	Strong	Sound	28	33.7%	+0.210%Above	$1,243Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Sound

Volume55

Mix66.3%

Spread

+0.022%Above

Fees

$1,254Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing

Strong

Pull Through

Sound

Volume28

Mix33.7%

Spread

+0.210%Above

Fees

$1,243Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

Applications

Volume

$15 million

Pricing & Closing

Avg Rate Spread

+0.083%

vs. market APOR

Avg Net Fees

$1,251

Origination − Credits

Pullthrough Rate

86.5%

Applications → Closed

Typical Borrower

Avg Loan Amount

$190,663

Avg Borrower Income

$111,578

Avg Property Value

$292,229

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Midwest2

INOH

South1

Top Metro Areas by Place Specialization Score

Cincinnati, OHMetro

Volume 33Mix 39.76% of portfolio

62/100

Strong

Top States by Place Specialization Score

OhioState

Volume 65Mix 78.31% of portfolio

64/100

Strong

IndianaState

Volume 17Mix 20.48% of portfolio

49/100

Sound

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.