Iron Workers Savings Bank Mortgage Rates, Fees & Info

Aston, PA

LEI: 254900SBY94JVYQ1Y131

Tax ID: 23-0725980

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

    Iron Workers Savings Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Iron Workers Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Philadelphia.

    Iron Workers Savings Bank 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

    40

    Origination Dollar Volume (All Markets)

    $8,330,000

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 40 $8,330,000 $208,250 $0 0.00%
    Iron Workers Savings Bank's top markets include and Philadelphia among others.

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

    • Similar Lenders

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

    Columbia Bank
    Similarity Rank: 32
    County Savings Bank
    Similarity Rank: 82
    FREEDOM CREDIT UNION
    Similarity Rank: 255
    Peoples Security Bank and Trust Company
    Similarity Rank: 320
    ESSA Bank & Trust
    Similarity Rank: 429
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 455
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 481
    State Financial Network, LLC
    Similarity Rank: 782
    FEDERATED LENDING CORPORATION
    Similarity Rank: 825
    Sun East Federal Credit Union
    Similarity Rank: 920

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $8,330,000 $208,250 $0 0.00%

    For 2024, Iron Workers Savings Bank's most frequently originated type of loan was Conventional, with 40 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 25 $2,785,000 $111,400 $0 0.00%
    Home Purchase 11 $4,445,000 $404,091 $0 0.00%
    Refi 4 $1,100,000 $275,000 $0 0.00%

    For 2024, Iron Workers Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 25 originations. The 2nd most popular reason was Home Purchase, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $8,330,000 $208,250 $0 0.00%

    For 2024, Iron Workers Savings Bank's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 13 $575,000 $44,231 $0 0.00%
    $100k-200k 11 $1,505,000 $136,818 $0 0.00%
    $200k-400k 11 $3,165,000 $287,727 $0 0.00%
    $400k-600k 4 $2,080,000 $520,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2024 saw Iron Workers Savings Bank place emphasis on $100,000 or less loans with 13 originations, totaling $575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 11 $3,535,000 $321,364 $0 0.00%
    $100k-150k 10 $940,000 $94,000 $0 0.00%
    $150k-250k 4 $1,080,000 $270,000 $0 0.00%
    $50k or less 2 $80,000 $40,000 $0 0.00%
    $75k-100k 2 $150,000 $75,000 $0 0.00%
    $50k-75k 1 $245,000 $245,000 $0 0.00%

    Iron Workers Savings Bank lent most frequently to those with incomes in the $250k+ range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $8,330,000 $208,250 $0 0.00%

    Iron Workers Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $4,275,000 $171,000 $0 0.00%
    Not applicable 10 $2,300,000 $230,000 $0 0.00%
    Asian 2 $1,230,000 $615,000 $0 0.00%
    Not provided 2 $510,000 $255,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.92%

    Iron Workers Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.00%

    Iron Workers Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $8,330,000 $208,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $8,330,000 $208,250