Freehold Savings Bank Mortgage Rates, Fees & Info

Freehold, NJ

LEI: 254900GOOLUL9LJMF172

Tax ID: 21-0455050

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Freehold Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Freehold Savings Bank has a high proportion of conventional loans. Their top two markets are New York and Trenton .

    Freehold Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    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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    Originations

    57

    Origination Dollar Volume (All Markets)

    $10,365,000

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 56 $10,250,000 $183,036 $0 0.00%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Freehold Savings Bank's top markets include New York and Trenton among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Freehold Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    FUNDING RESOURCES MORTGAGE CORPORATION
    Similarity Rank: 292
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 360
    Atlantic Stewardship Bank
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 57 $10,365,000 $181,842 $0 0.00%

    For 2019, Freehold Savings Bank's most frequently originated type of loan was Conventional, with 57 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 36 $6,670,000 $185,278 $0 0.00%
    Home Purchase 14 $2,900,000 $207,143 $0 0.00%
    Home Improvement 6 $770,000 $128,333 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Freehold Savings Bank's most frequently cited loan purpose was Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 57 $10,365,000 $181,842 $0 0.00%

    For 2019, Freehold Savings Bank's most frequently cited loan duration was Other, with 57 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $5,950,000 $297,500 $0 0.00%
    $100,000 or less 18 $1,110,000 $61,667 $0 0.00%
    $100k-200k 18 $2,550,000 $141,667 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2019 saw Freehold Savings Bank place emphasis on $200k-400k loans with 20 originations, totaling $5,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $2,755,000 $211,923 $0 0.00%
    $150k-250k 11 $2,395,000 $217,727 $0 0.00%
    $50k-75k 11 $995,000 $90,455 $0 0.00%
    $75k-100k 9 $965,000 $107,222 $0 0.00%
    $250k+ 6 $2,330,000 $388,333 $0 0.00%
    $50k or less 4 $310,000 $77,500 $0 0.00%

    Freehold Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 57 $10,365,000 $181,842 $0 0.00%

    Freehold Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 47 $8,215,000 $174,787 $0 0.00%
    Not provided 5 $1,105,000 $221,000 $0 0.00%
    Not applicable 3 $615,000 $205,000 $0 0.00%
    Black 2 $430,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.24%

    Freehold Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.23%

    Freehold Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 57 $10,365,000 $181,842

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 57 $10,365,000 $181,842