1st Bank Of Sea Isle City Mortgage Rates, Fees & Info
Sea Isle City, NJLEI: 2549004X2N6JAS9Z3C97
Tax ID: 21-0624164
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
1st Bank Of Sea Isle City is a smaller bank specializing in Home Purchase and Refi loans. 1st Bank Of Sea Isle City has a high proportion of conventional loans. Their top two markets are Ocean City and Atlantic City .1st Bank Of Sea Isle City 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
64Origination Dollar Volume (All Markets)
$22,150,000Top 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 |
|---|---|---|---|---|---|
| OCEAN CITY, NJ (FHA|USDA|VA) | 62 | $21,540,000 | $347,419 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $455,000 | $455,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $22,150,000 | $346,094 | $0 | 0.00% |
For 2018, 1st Bank Of Sea Isle City's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2018, 1st Bank Of Sea Isle City's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 64 | $22,150,000 | $346,094 | $0 | 0.00% |
For 2018, 1st Bank Of Sea Isle City's most frequently cited loan duration was Other, with 64 originations.
Loan Sizing
2018 saw 1st Bank Of Sea Isle City place emphasis on $200k-400k loans with 26 originations, totaling $6,920,000 in origination value.
Applicant Income
1st Bank Of Sea Isle City lent most frequently to those with incomes in the $250k+ range, with 21 originations. The second most popular income band? $75k-100k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 64 | $22,150,000 | $346,094 | $0 | 0.00% |
1st Bank Of Sea Isle City lent most frequently to those with DTI ratios of Exempt%, with 64 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.72%
1st Bank Of Sea Isle City has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.69%
1st Bank Of Sea Isle City has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 64 | $22,150,000 | $346,094 |