Dime Bank Mortgage Rates, Fees & Info

Norwich, CT

LEI: 254900QY5ST0J7P6M123

Tax ID: 06-0322790

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Mortgage Data

Review & Overview

Dime Bank is a smaller bank specializing in Home Purchase and Other loans. Dime Bank has a high proportion of conventional loans. Their top markets by origination volume include: Norwich, Hartford, Providence, Bridgeport, and New Haven among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Dime Bank 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

195

Origination Dollar Volume (All Markets)

$74,915,000

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
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 110 $24,720,000 $224,727 $0 0.00%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 47 $21,655,000 $460,745 $0 0.00%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 13 $15,115,000 $1,162,692 $0 0.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 7 $5,115,000 $730,714 $0 0.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $3,320,000 $830,000 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 10 $2,530,000 $253,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,565,000 $1,565,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
DOTHAN, AL (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Dime Bank's top markets include Norwich, Hartford, Providence, Bridgeport, and New Haven among others.

Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 195 $74,915,000 $384,179 $0 0.00%

    For 2023, Dime Bank's most frequently originated type of loan was Conventional, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 85 $42,065,000 $494,882 $0 0.00%
    Other 45 $18,835,000 $418,556 $0 0.00%
    Cash Out Refi 31 $9,255,000 $298,548 $0 0.00%
    Home Improvement 25 $2,355,000 $94,200 $0 0.00%
    Refi 9 $2,405,000 $267,222 $0 0.00%

    For 2023, Dime Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Other, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 195 $74,915,000 $384,179 $0 0.00%

    For 2023, Dime Bank's most frequently cited loan duration was Other, with 195 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 56 $15,640,000 $279,286 $0 0.00%
    $100,000 or less 54 $2,740,000 $50,741 $0 0.00%
    $100k-200k 26 $3,990,000 $153,462 $0 0.00%
    $400k-600k 25 $12,145,000 $485,800 $0 0.00%
    $600k-1MM 20 $15,120,000 $756,000 $0 0.00%
    $1MM+ 14 $25,280,000 $1,805,714 $0 0.00%

    2023 saw Dime Bank place emphasis on $200k-400k loans with 56 originations, totaling $15,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 41 $26,915,000 $656,463 $0 0.00%
    $150k-250k 35 $11,855,000 $338,714 $0 0.00%
    $100k-150k 33 $6,405,000 $194,091 $0 0.00%
    $75k-100k 28 $4,310,000 $153,929 $0 0.00%
    $50k-75k 18 $1,210,000 $67,222 $0 0.00%
    $50k or less 4 $300,000 $75,000 $0 0.00%

    Dime Bank lent most frequently to those with incomes in the $250k+ range, with 41 originations. The second most popular income band? $150k-250k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 195 $74,915,000 $384,179 $0 0.00%

    Dime Bank lent most frequently to those with DTI ratios of Exempt%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $36,810,000 $278,864 $0 0.00%
    Not applicable 33 $22,995,000 $696,818 $0 0.00%
    Not provided 14 $6,330,000 $452,143 $0 0.00%
    Asian 7 $4,445,000 $635,000 $0 0.00%
    Black 5 $2,155,000 $431,000 $0 0.00%
    Asian Indian 2 $1,940,000 $970,000 $0 0.00%
    American Indian 2 $240,000 $120,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    78.90%

    Dime Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    70.26%

    Dime Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 195 $74,915,000 $384,179

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    195 $74,915,000 $384,179