Dime Bank Mortgage Rates, Fees & Info
Norwich, CTLEI: 254900QY5ST0J7P6M123
Tax ID: 06-0322790
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Dime Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Dime Bank has a high proportion of conventional loans. Their top markets by origination volume include: Norwich, Hartford, Providence, New Haven, and Bridgeport among others. We have data for 9 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
262Origination Dollar Volume (All Markets)
$100,210,000Top 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) | 148 | $48,250,000 | $326,014 | $0 | 0.00% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 57 | $20,815,000 | $365,175 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 24 | $15,710,000 | $654,583 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 11 | $5,365,000 | $487,727 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 3 | $4,975,000 | $1,658,333 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 16 | $3,920,000 | $245,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| Concord, NH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 262 | $100,210,000 | $382,481 | $0 | 0.00% |
For 2022, Dime Bank's most frequently originated type of loan was Conventional, with 262 originations.
Loan Reason
For 2022, Dime Bank's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Cash Out Refi, with 66 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 262 | $100,210,000 | $382,481 | $0 | 0.00% |
For 2022, Dime Bank's most frequently cited loan duration was Other, with 262 originations.
Loan Sizing
2022 saw Dime Bank place emphasis on $200k-400k loans with 95 originations, totaling $26,255,000 in origination value.
Applicant Income
Dime Bank lent most frequently to those with incomes in the $150k-250k range, with 61 originations. The second most popular income band? $250k+, with 37 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 262 | $100,210,000 | $382,481 | $0 | 0.00% |
Dime Bank lent most frequently to those with DTI ratios of Exempt%, with 262 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.19%
Dime Bank has a below average approval rate.
Pick Rate
Approvals leading to origination74.05%
Dime Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 262 | $100,210,000 | $382,481 |