Belmont Savings Bank Ssb Mortgage Rates, Fees & Info
Belmont, NCLEI: 254900LVZ1O44BCREK60
Tax ID: 56-0138905
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Mortgage Data
Review & Overview
Belmont Savings Bank Ssb is a smaller bank specializing in Home Purchase and Refi loans. Belmont Savings Bank Ssb has a high proportion of conventional loans. Their top (well, only) market is Charlotte.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.
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Originations
69Origination Dollar Volume (All Markets)
$23,525,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 69 | $23,525,000 | $340,942 | $0 | 0.00% |
Their top states include:
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 69 | $23,525,000 | $340,942 | $0 | 0.00% |
For 2022, Belmont Savings Bank Ssb's most frequently originated type of loan was Conventional, with 69 originations.
Loan Reason
For 2022, Belmont Savings Bank Ssb's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 69 | $23,525,000 | $340,942 | $0 | 0.00% |
For 2022, Belmont Savings Bank Ssb's most frequently cited loan duration was Other, with 69 originations.
Loan Sizing
2022 saw Belmont Savings Bank Ssb place emphasis on $200k-400k loans with 31 originations, totaling $9,175,000 in origination value.
Applicant Income
Belmont Savings Bank Ssb lent most frequently to those with incomes in the $100k-150k range, with 21 originations. The second most popular income band? $150k-250k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 69 | $23,525,000 | $340,942 | $0 | 0.00% |
Belmont Savings Bank Ssb lent most frequently to those with DTI ratios of Exempt%, with 69 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.98%
Belmont Savings Bank Ssb has an average approval rate.
Pick Rate
Approvals leading to origination89.86%
Belmont Savings Bank Ssb has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 69 | $23,525,000 | $340,942 |