Bank Of Millbrook Mortgage Rates, Fees & Info
Millbrook, NYLEI: 2549009JMGPU64G0O296
Tax ID: 14-0486870
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bank Of Millbrook is a smaller bank specializing in Home Purchase loans. Bank Of Millbrook has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Naples, and Washington among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of Millbrook 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
26Origination Dollar Volume (All Markets)
$13,420,000Top 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 |
|---|---|---|---|---|---|
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 23 | $10,605,000 | $461,087 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,905,000 | $1,905,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $405,000 | $405,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $13,420,000 | $516,154 | $0 | 0.00% |
For 2023, Bank Of Millbrook's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
For 2023, Bank Of Millbrook's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $13,420,000 | $516,154 | $0 | 0.00% |
For 2023, Bank Of Millbrook's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2023 saw Bank Of Millbrook place emphasis on $200k-400k loans with 6 originations, totaling $1,770,000 in origination value.
Applicant Income
Bank Of Millbrook lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $13,420,000 | $516,154 | $0 | 0.00% |
Bank Of Millbrook lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.57%
Bank Of Millbrook has an average approval rate.
Pick Rate
Approvals leading to origination80.77%
Bank Of Millbrook has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 26 | $13,420,000 | $516,154 |