Belmont Savings Bank Ssb Mortgage Rates, Fees & Info

Belmont, NC

LEI: 254900LVZ1O44BCREK60

Tax ID: 56-0138905

Latest/2024 | 2023 Data | 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

    Belmont Savings Bank Ssb is a smaller bank specializing in Home Purchase loans. Belmont Savings Bank Ssb has a high proportion of conventional loans. Their top two markets are Charlotte and Shelby .

    Belmont Savings Bank Ssb 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.

    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

    55

    Origination Dollar Volume (All Markets)

    $20,505,000

    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
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 54 $20,280,000 $375,556 $0 0.00%
    Shelby, NC (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Belmont Savings Bank Ssb's top markets include Charlotte and Shelby among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Similar Lenders

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

    First Bank
    Similarity Rank: 506
    MATTAMY HOME FUNDING, LLC
    Similarity Rank: 640
    Peoples Bank
    Similarity Rank: 1600
    JAMS-01, INC.
    Similarity Rank: 1650
    Shea Mortgage Inc.
    Similarity Rank: 1782
    United Bank
    Similarity Rank: 2200
    CREDIT UNION MORTGAGE ASSOCIATION, INC.
    Similarity Rank: 2338
    FOUNDERS FEDERAL CREDIT UNION
    Similarity Rank: 2765
    United Nations Federal Credit Union
    Similarity Rank: 3000
    Southern First Bank
    Similarity Rank: 3096

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 55 $20,505,000 $372,818 $0 0.00%

    For 2024, Belmont Savings Bank Ssb's most frequently originated type of loan was Conventional, with 55 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $17,000,000 $447,368 $0 0.00%
    Refi 16 $3,410,000 $213,125 $0 0.00%
    Home Improvement 1 $95,000 $95,000 $0 0.00%

    For 2024, Belmont Savings Bank Ssb's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 55 $20,505,000 $372,818 $0 0.00%

    For 2024, Belmont Savings Bank Ssb's most frequently cited loan duration was Other, with 55 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 23 $6,425,000 $279,348 $0 0.00%
    $100k-200k 10 $1,540,000 $154,000 $0 0.00%
    $400k-600k 8 $3,860,000 $482,500 $0 0.00%
    $600k-1MM 7 $5,415,000 $773,571 $0 0.00%
    $100,000 or less 5 $315,000 $63,000 $0 0.00%
    $1MM+ 2 $2,950,000 $1,475,000 $0 0.00%

    2024 saw Belmont Savings Bank Ssb place emphasis on $200k-400k loans with 23 originations, totaling $6,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $4,855,000 $373,462 $0 0.00%
    $150k-250k 13 $6,755,000 $519,615 $0 0.00%
    $250k+ 10 $5,480,000 $548,000 $0 0.00%
    $50k-75k 8 $1,400,000 $175,000 $0 0.00%
    $75k-100k 8 $1,680,000 $210,000 $0 0.00%
    $50k or less 1 $35,000 $35,000 $0 0.00%

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

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 55 $20,505,000 $372,818 $0 0.00%

    Belmont Savings Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $19,745,000 $387,157 $0 0.00%
    Black 2 $460,000 $230,000 $0 0.00%
    Not applicable 2 $300,000 $150,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.43%

    Belmont Savings Bank Ssb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.64%

    Belmont Savings Bank Ssb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 55 $20,505,000 $372,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    55 $20,505,000 $372,818