What loan types does The Merchants National Bank offer?

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

Where does The Merchants National Bank offer mortgages?

The Merchants National Bank offers mortgages in 4 states: FL, GA, NC, OH.

How competitive are The Merchants National Bank's mortgage rates?

The Merchants National Bank has an overall pricing score of 55.8/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is The Merchants National Bank?

The Merchants National Bank is a Bank headquartered in Hillsboro, OH.

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The Merchants National Bank

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

The Merchants National Bank has 144 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

Sound

3/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Acceptable

2/5

Conventional

Place

Sound

3/5

Regional · 2 mkts

Explore another lender or local market

Report Card

The Merchants National Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Sound

+57.0 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 · 3 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	Sound	Acceptable	142	98.6%	+0.581%Above	$476Fees

Conventional

Overall

Sound

Product

Acceptable

Pricing

Sound

Pull Through

Acceptable

Volume142

Mix98.6%

Spread

+0.581%Above

Fees

$476Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Acceptable	Sound	Acceptable	111	77.1%	+0.522%Above	$480Fees
Refinance	Sound	Acceptable	Sound	Sound	33	22.9%	+0.684%Above	$465Fees

Purchase

Overall

Sound

Product

Acceptable

Pricing

Sound

Pull Through

Acceptable

Volume111

Mix77.1%

Spread

+0.522%Above

Fees

$480Fees

Refinance

Overall

Sound

Product

Acceptable

Pricing

Sound

Pull Through

Sound

Volume33

Mix22.9%

Spread

+0.684%Above

Fees

$465Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

144

Applications

191

Volume

$34 million

Pricing & Closing

Avg Rate Spread

+0.570%

vs. market APOR

Avg Net Fees

$476

Origination − Credits

Pullthrough Rate

75.4%

Applications → Closed

Typical Borrower

Avg Loan Amount

$242,778

Avg Borrower Income

$126,368

Avg Property Value

$398,125

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Sound

3/5

States with Loan Originations

Midwest1

South3

FLGANC

Top Metro Areas by Place Specialization Score

Columbus, OHMetro

Volume 25Mix 17.36% of portfolio

56/100

Sound

Cincinnati, OHMetro

Volume 15Mix 10.42% of portfolio

49/100

Sound

Top States by Place Specialization Score

OhioState

Volume 141Mix 97.92% of portfolio

71/100

Strong

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.