Bank Of Millbrook Mortgage Rates, Fees & Info

Millbrook, NY

LEI: 2549009JMGPU64G0O296

Tax ID: 14-0486870

Latest/2024 | 2023 Data | 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, Hudson, Glens Falls, and Barnstable Town among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Millbrook 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

31

Origination Dollar Volume (All Markets)

$12,485,000

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
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 21 $8,205,000 $390,714 $0 0.00%
Outside of Metro Areas 6 $3,090,000 $515,000 $0 0.00%
Hudson, NY (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
GLENS FALLS, NY (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Bank Of Millbrook's top markets include Poughkeepsie, Hudson, Glens Falls, and Barnstable Town among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $12,485,000 $402,742 $0 0.00%

    For 2024, Bank Of Millbrook's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $8,675,000 $413,095 $0 0.00%
    Other 4 $1,240,000 $310,000 $0 0.00%
    Home Improvement 3 $1,135,000 $378,333 $0 0.00%
    Refi 3 $1,435,000 $478,333 $0 0.00%

    For 2024, Bank Of Millbrook's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Other, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $12,485,000 $402,742 $0 0.00%

    For 2024, Bank Of Millbrook's most frequently cited loan duration was Other, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 14 $4,030,000 $287,857 $0 0.00%
    $100k-200k 6 $910,000 $151,667 $0 0.00%
    $400k-600k 5 $2,445,000 $489,000 $0 0.00%
    $600k-1MM 5 $3,795,000 $759,000 $0 0.00%
    $1MM+ 1 $1,305,000 $1,305,000 $0 0.00%

    2024 saw Bank Of Millbrook place emphasis on $200k-400k loans with 14 originations, totaling $4,030,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $2,900,000 $290,000 $0 0.00%
    $250k+ 9 $5,065,000 $562,778 $0 0.00%
    $50k-75k 2 $370,000 $185,000 $0 0.00%
    $75k-100k 2 $600,000 $300,000 $0 0.00%
    $100k-150k 1 $595,000 $595,000 $0 0.00%
    $50k or less 1 $115,000 $115,000 $0 0.00%

    Bank Of Millbrook lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $250k+, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 31 $12,485,000 $402,742 $0 0.00%

    Bank Of Millbrook lent most frequently to those with DTI ratios of Exempt%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $6,975,000 $410,294 $0 0.00%
    Not provided 10 $3,880,000 $388,000 $0 0.00%
    Not applicable 4 $1,630,000 $407,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.50%

    Bank Of Millbrook has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.87%

    Bank Of Millbrook has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 31 $12,485,000 $402,742

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    31 $12,485,000 $402,742