Iron Workers Savings Bank Mortgage Rates, Fees & Info
Aston, PALEI: 254900SBY94JVYQ1Y131
Tax ID: 23-0725980
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
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 markets by origination volume include: Philadelphia, Reading, Ocean City, and Salisbury among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Iron Workers Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
103Origination Dollar Volume (All Markets)
$31,565,000Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 100 | $30,010,000 | $300,100 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 103 | $31,565,000 | $306,456 | $0 | 0.00% |
For 2022, Iron Workers Savings Bank's most frequently originated type of loan was Conventional, with 103 originations.
Loan Reason
For 2022, Iron Workers Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 53 originations. The 2nd most popular reason was Home Purchase, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 103 | $31,565,000 | $306,456 | $0 | 0.00% |
For 2022, Iron Workers Savings Bank's most frequently cited loan duration was Other, with 103 originations.
Loan Sizing
2022 saw Iron Workers Savings Bank place emphasis on $100k-200k loans with 32 originations, totaling $4,910,000 in origination value.
Applicant Income
Iron Workers Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $100k-150k, with 14 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 103 | $31,565,000 | $306,456 | $0 | 0.00% |
Iron Workers Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.07%
Iron Workers Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination96.12%
Iron Workers Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 103 | $31,565,000 | $306,456 |