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 and Other loans. Bank Of Millbrook has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Hudson, and Torrington among others. We have data for 3 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
35Origination Dollar Volume (All Markets)
$11,345,000Top 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) | 32 | $9,950,000 | $310,938 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $11,345,000 | $324,143 | $0 | 0.00% |
For 2018, Bank Of Millbrook's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 21 | $7,355,000 | $350,238 | $0 | 0.00% |
| Other | 7 | $3,065,000 | $437,857 | $0 | 0.00% |
| Refi | 7 | $925,000 | $132,143 | $0 | 0.00% |
For 2018, Bank Of Millbrook's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Other, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $11,345,000 | $324,143 | $0 | 0.00% |
For 2018, Bank Of Millbrook's most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2018 saw Bank Of Millbrook place emphasis on $100k-200k loans with 10 originations, totaling $1,460,000 in origination value.
Applicant Income
Bank Of Millbrook lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $150k-250k, with 7 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $11,345,000 | $324,143 | $0 | 0.00% |
Bank Of Millbrook lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.96%
Bank Of Millbrook has an average approval rate.
Pick Rate
Approvals leading to origination85.71%
Bank Of Millbrook has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $11,345,000 | $324,143 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 35 | $11,345,000 | $324,143 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |