Bank Of Millbrook Mortgage Rates, Fees & Info
Millbrook, NYLEI: 2549009JMGPU64G0O296
Tax ID: 14-0486870
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Mortgage Data
Review & Overview
Bank Of Millbrook is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Millbrook has a high proportion of conventional loans. Their top two markets are Poughkeepsie and Hudson .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
38Origination Dollar Volume (All Markets)
$7,180,000Top 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) | 35 | $6,545,000 | $187,000 | $0 | 0.00% |
| Hudson, NY (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 38 | $7,180,000 | $188,947 | $0 | 0.00% |
For 2019, Bank Of Millbrook's most frequently originated type of loan was Conventional, with 38 originations.
Loan Reason
For 2019, Bank Of Millbrook's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 38 | $7,180,000 | $188,947 | $0 | 0.00% |
For 2019, Bank Of Millbrook's most frequently cited loan duration was Other, with 38 originations.
Loan Sizing
2019 saw Bank Of Millbrook place emphasis on $200k-400k loans with 16 originations, totaling $4,290,000 in origination value.
Applicant Income
Bank Of Millbrook lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $150k-250k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 38 | $7,180,000 | $188,947 | $0 | 0.00% |
Bank Of Millbrook lent most frequently to those with DTI ratios of Exempt%, with 38 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.58%
Bank Of Millbrook has an average approval rate.
Pick Rate
Approvals leading to origination86.84%
Bank Of Millbrook has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 38 | $7,180,000 | $188,947 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 1 | $155,000 | $155,000 |
| Single Family (1-4 Units):Site-Built | 37 | $7,025,000 | $189,865 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |