Amalgamated Bank Mortgage Rates, Fees & Info
New York, NYLEI: 254900FMBXF85WQYV433
Tax ID: 13-4920330
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Mortgage Data
Review & Overview
Amalgamated Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Amalgamated Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Washington, Los Angeles, Atlanta, and San Francisco among others. We have data for 86 markets. (Some data included below & more in-depth data is available with an active subscription.)Amalgamated Bank 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. Amalgamated Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.18% | 4/28/24 |
| 30 Year Conventional Refi | 6.14% | 4/28/24 |
| 30 Year Cash-out Refi | 6.23% | 4/28/24 |
| 15 Year Conventional Purchase | 5.72% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Amalgamated Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
687Origination Dollar Volume (All Markets)
$699,125,000Awards
Amalgamated Bank - 2022
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For 2022, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 337 | $383,405,000 | $1,137,700 | $5,502 | 3.86% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 69 | $88,685,000 | $1,285,290 | $6,495 | 3.89% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 9 | $38,995,000 | $4,332,778 | $9,691 | 4.10% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $15,535,000 | $739,762 | $7,909 | 4.10% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $13,920,000 | $994,286 | $7,079 | 3.51% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $13,020,000 | $1,302,000 | $5,622 | 3.83% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 11 | $10,785,000 | $980,455 | $6,480 | 3.86% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 16 | $10,590,000 | $661,875 | $7,389 | 3.90% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 16 | $10,440,000 | $652,500 | $8,056 | 4.33% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 9 | $8,685,000 | $965,000 | $5,884 | 3.28% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $6,440,000 | $644,000 | $5,811 | 3.68% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 7 | $6,405,000 | $915,000 | $5,155 | 4.39% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 9 | $5,685,000 | $631,667 | $6,228 | 3.81% |
| Outside of Metro Areas | 7 | $5,625,000 | $803,571 | $6,952 | 3.87% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 7 | $5,455,000 | $779,286 | $7,133 | 3.02% |
| COLUMBIA, SC (FHA|USDA|VA) | 6 | $4,400,000 | $733,333 | $5,819 | 3.56% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 8 | $4,330,000 | $541,250 | $4,175 | 4.59% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 8 | $4,090,000 | $511,250 | $4,910 | 3.44% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 5 | $3,325,000 | $665,000 | $6,000 | 4.03% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 4 | $3,020,000 | $755,000 | $6,290 | 4.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 4 | $2,750,000 | $687,500 | $7,944 | 3.94% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $2,715,000 | $905,000 | $3,942 | 3.96% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 3 | $1,905,000 | $635,000 | $7,804 | 4.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 2 | $1,890,000 | $945,000 | $4,679 | 3.31% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 3 | $1,765,000 | $588,333 | $5,918 | 3.58% |
| Newport, OR (FHA|USDA|VA) | 1 | $1,765,000 | $1,765,000 | $10,045 | 2.50% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $1,730,000 | $865,000 | $3,773 | 3.13% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $1,690,000 | $845,000 | $6,428 | 3.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $6,714 | 4.28% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $1,530,000 | $765,000 | $4,891 | 4.25% |
| ANN ARBOR, MI (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $4,577 | 4.50% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $1,460,000 | $730,000 | $5,132 | 4.38% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $1,445,000 | $1,445,000 | $3,927 | 2.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $1,390,000 | $695,000 | $9,234 | 3.81% |
| BEND, OR (FHA|USDA|VA) | 2 | $1,330,000 | $665,000 | $5,817 | 5.12% |
| ASHEVILLE, NC (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $4,923 | 5.06% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $4,256 | 3.66% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $1,240,000 | $620,000 | $5,067 | 3.13% |
| Barre, VT (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $4,822 | 4.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $6,863 | 3.38% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $6,071 | 3.84% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $6,053 | 4.00% |
| BOISE CITY, ID (FHA|USDA|VA) | 2 | $1,000,000 | $500,000 | $7,500 | 4.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $985,000 | $985,000 | $10,785 | 4.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $6,221 | 4.13% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $3,767 | 3.83% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $5,158 | 4.69% |
| BOULDER, CO (FHA|USDA|VA) | 2 | $870,000 | $435,000 | $4,175 | 3.25% |
| Hailey, ID (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $8,778 | 4.99% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $7,773 | 3.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,383 | 5.44% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $3,557 | 3.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $7,549 | 4.50% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,124 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $7,242 | 3.38% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $5,925 | 5.38% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $5,342 | 3.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $6,044 | 2.88% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,901 | 6.63% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $10,469 | 4.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $5,615 | 4.13% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,927 | 3.13% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,657 | 5.38% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,713 | 4.25% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $6,239 | 4.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,848 | 5.13% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $5,680 | 5.50% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,755 | 4.38% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,805 | 2.88% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,160 | 3.13% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,042 | 4.25% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $4,860 | 3.63% |
| Hudson, NY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,519 | 3.25% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,229 | 4.38% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,479 | 4.25% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,077 | 3.25% |
| Bennington, VT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,343 | 3.38% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,606 | 3.00% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,674 | 4.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,790 | 3.38% |
| KINGSTON, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,835 | 3.38% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,789 | 3.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,850 | 4.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,270 | 3.38% |
| OCALA, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,124 | 4.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,253 | 4.99% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 687 | $699,125,000 | $1,017,649 | $5,926 | 3.90% |
For 2022, Amalgamated Bank's most frequently originated type of loan was Conventional, with 687 originations.
Loan Reason
For 2022, Amalgamated Bank's most frequently cited loan purpose was Home Purchase, with 491 originations. The 2nd most popular reason was Cash Out Refi, with 92 originations.
Loan Duration/Length
For 2022, Amalgamated Bank's most frequently cited loan duration was 30 Year, with 608 originations. The 2nd most popular length was 15 Year, with 36 originations.
Origination Fees/Closing Costs
Amalgamated Bank's average total fees were $6,023, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 323 originations.
Interest Rates
During 2022, Amalgamated Bank's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 3-4%, with 231 originations.
Loan Sizing
2022 saw Amalgamated Bank place emphasis on $200k-400k loans with 217 originations, totaling $65,185,000 in origination value.
Applicant Income
Amalgamated Bank lent most frequently to those with incomes in the $150k-250k range, with 198 originations. The second most popular income band? $250k+, with 183 originations.
Applicant Debt to Income Ratio
Amalgamated Bank lent most frequently to those with DTI ratios of 20-30%, with 162 originations. The next most common DTI ratio? 30-36%, with 162 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.64%
Amalgamated Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.84%
Amalgamated Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 687 | $699,125,000 | $1,017,649 |