The First National Bank Of Groton Mortgage Rates, Fees & Info

Groton, NY

LEI: 2549009DWV1Z50JILS65

Tax ID: 15-0328960

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

Jump to:

Mortgage Data

Review & Overview

The First National Bank Of Groton is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Groton has a high proportion of conventional loans. Their top markets by origination volume include: Auburn, Ithaca, Binghamton, and Cortland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Groton has an average approval rate when compared to the average across all lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

80

Origination Dollar Volume (All Markets)

$8,350,000

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
Auburn, NY (FHA|USDA|VA) 42 $4,340,000 $103,333 $0 0.00%
ITHACA, NY (FHA|USDA|VA) 26 $2,540,000 $97,692 $0 0.00%
BINGHAMTON, NY (FHA|USDA|VA) 5 $795,000 $159,000 $0 0.00%
Cortland, NY (FHA|USDA|VA) 7 $675,000 $96,429 $0 0.00%
The First National Bank Of Groton's top markets include Auburn, Ithaca, Binghamton, and Cortland among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $8,350,000 $104,375 $0 0.00%

    For 2023, The First National Bank Of Groton's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 27 $4,545,000 $168,333 $0 0.00%
    Refi 24 $2,200,000 $91,667 $0 0.00%
    Home Improvement 17 $1,015,000 $59,706 $0 0.00%
    Other 12 $590,000 $49,167 $0 0.00%

    For 2023, The First National Bank Of Groton's most frequently cited loan purpose was Home Purchase, with 27 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $8,350,000 $104,375 $0 0.00%

    For 2023, The First National Bank Of Groton's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,930,000 $58,600 $0 0.00%
    $100k-200k 19 $2,655,000 $139,737 $0 0.00%
    $200k-400k 11 $2,765,000 $251,364 $0 0.00%

    2023 saw The First National Bank Of Groton place emphasis on $100,000 or less loans with 50 originations, totaling $2,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $3,185,000 $127,400 $0 0.00%
    $50k-75k 18 $1,570,000 $87,222 $0 0.00%
    $75k-100k 16 $1,580,000 $98,750 $0 0.00%
    $50k or less 10 $610,000 $61,000 $0 0.00%
    $150k-250k 8 $850,000 $106,250 $0 0.00%
    $250k+ 2 $490,000 $245,000 $0 0.00%

    The First National Bank Of Groton lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $8,350,000 $104,375 $0 0.00%

    The First National Bank Of Groton lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $8,025,000 $104,221 $0 0.00%
    Other Asian 1 $175,000 $175,000 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%
    Not applicable 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.11%

    The First National Bank Of Groton has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $8,350,000 $104,375

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    80 $8,350,000 $104,375