Chain Bridge Bank Mortgage Rates, Fees & Info
Mclean, VALEI: 25490041Y3ITG7RD6H37
Tax ID: 20-8219870
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Mortgage Data
Review & Overview
Chain Bridge Bank is a smaller bank specializing in Home Purchase loans. Chain Bridge Bank has a high proportion of conventional loans. Their top (well, only) market is Washington.Chain Bridge Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
23Origination Dollar Volume (All Markets)
$22,525,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 21 | $21,435,000 | $1,020,714 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $1,090,000 | $545,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 23 | $22,525,000 | $979,348 | $0 | 0.00% |
For 2023, Chain Bridge Bank's most frequently originated type of loan was Conventional, with 23 originations.
Loan Reason
For 2023, Chain Bridge Bank's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Home Improvement, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 23 | $22,525,000 | $979,348 | $0 | 0.00% |
For 2023, Chain Bridge Bank's most frequently cited loan duration was Other, with 23 originations.
Loan Sizing
2023 saw Chain Bridge Bank place emphasis on $1MM+ loans with 11 originations, totaling $15,505,000 in origination value.
Applicant Income
Chain Bridge Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 23 | $22,525,000 | $979,348 | $0 | 0.00% |
Chain Bridge Bank lent most frequently to those with DTI ratios of Exempt%, with 23 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Chain Bridge Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination73.91%
Chain Bridge Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 23 | $22,525,000 | $979,348 |