Cross County Savings Bank Mortgage Rates, Fees & Info

MIDDLE VILLAGE, NY

LEI: 2549005O94DAZVV0P036

Tax ID: 11-0595730

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Cross County Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Cross County Savings Bank has a high proportion of conventional loans. Their top (well, only) market is New York.

    Cross County Savings Bank has an 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

    57

    Origination Dollar Volume (All Markets)

    $45,985,000

    Top 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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 57 $45,985,000 $806,754 $0 0.00%
    Cross County Savings Bank's top markets include and New York among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $45,985,000 $806,754 $0 0.00%

    For 2018, Cross County Savings Bank's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 27 $24,415,000 $904,259 $0 0.00%
    Home Purchase 20 $15,830,000 $791,500 $0 0.00%
    Cash Out Refi 5 $3,995,000 $799,000 $0 0.00%
    Other 3 $1,295,000 $431,667 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%
    NA 1 $425,000 $425,000 $0 0.00%

    For 2018, Cross County Savings Bank's most frequently cited loan purpose was Refi, with 27 originations. The 2nd most popular reason was Home Purchase, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 57 $45,985,000 $806,754 $0 0.00%

    For 2018, Cross County Savings Bank's most frequently cited loan duration was Other, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 19 $29,225,000 $1,538,158 $0 0.00%
    $200k-400k 12 $3,770,000 $314,167 $0 0.00%
    $400k-600k 11 $5,085,000 $462,273 $0 0.00%
    $600k-1MM 10 $7,400,000 $740,000 $0 0.00%
    $100,000 or less 3 $175,000 $58,333 $0 0.00%
    $100k-200k 2 $330,000 $165,000 $0 0.00%

    2018 saw Cross County Savings Bank place emphasis on $1MM+ loans with 19 originations, totaling $29,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 10 $8,420,000 $842,000 $0 0.00%
    $150k-250k 6 $2,390,000 $398,333 $0 0.00%
    $100k-150k 3 $1,815,000 $605,000 $0 0.00%
    $75k-100k 3 $455,000 $151,667 $0 0.00%
    $50k-75k 1 $145,000 $145,000 $0 0.00%

    Cross County Savings Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 57 $45,985,000 $806,754 $0 0.00%

    Cross County Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $32,210,000 $1,006,563 $0 0.00%
    White 18 $10,340,000 $574,444 $0 0.00%
    Asian 5 $2,835,000 $567,000 $0 0.00%
    Not provided 1 $545,000 $545,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.88%

    Cross County Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.70%

    Cross County Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 57 $45,985,000 $806,754

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $9,340,000 $1,167,500
    Single Family (1-4 Units):Site-Built 49 $36,645,000 $747,857