Pennsville National Bank Mortgage Rates, Fees & Info

Pennsville, NJ

LEI: 254900TW0BIDE6JENM80

Tax ID: 22-1861737

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Pennsville National Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Pennsville National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Atlantic City, Ocean City, and Vineland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pennsville National Bank has an average approval rate when compared to the average across all lenders. They have an above 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    71

    Origination Dollar Volume (All Markets)

    $8,695,000

    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) 68 $8,200,000 $120,588 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Pennsville National Bank's top markets include Philadelphia, Atlantic City, Ocean City, and Vineland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 71 $8,695,000 $122,465 $0 0.00%

    For 2023, Pennsville National Bank's most frequently originated type of loan was Conventional, with 71 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 19 $905,000 $47,632 $0 0.00%
    Home Purchase 17 $3,895,000 $229,118 $0 0.00%
    Cash Out Refi 14 $1,750,000 $125,000 $0 0.00%
    Other 13 $395,000 $30,385 $0 0.00%
    Refi 8 $1,750,000 $218,750 $0 0.00%

    For 2023, Pennsville National Bank's most frequently cited loan purpose was Home Improvement, with 19 originations. The 2nd most popular reason was Home Purchase, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 71 $8,695,000 $122,465 $0 0.00%

    For 2023, Pennsville National Bank's most frequently cited loan duration was Other, with 71 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $1,950,000 $44,318 $0 0.00%
    $200k-400k 14 $3,520,000 $251,429 $0 0.00%
    $100k-200k 10 $1,610,000 $161,000 $0 0.00%
    $400k-600k 2 $980,000 $490,000 $0 0.00%
    $600k-1MM 1 $635,000 $635,000 $0 0.00%

    2023 saw Pennsville National Bank place emphasis on $100,000 or less loans with 44 originations, totaling $1,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 17 $1,385,000 $81,471 $0 0.00%
    $100k-150k 15 $1,665,000 $111,000 $0 0.00%
    $75k-100k 15 $1,695,000 $113,000 $0 0.00%
    $150k-250k 12 $2,680,000 $223,333 $0 0.00%
    $250k+ 6 $1,070,000 $178,333 $0 0.00%
    $50k or less 6 $200,000 $33,333 $0 0.00%

    Pennsville National Bank lent most frequently to those with incomes in the $50k-75k range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 71 $8,695,000 $122,465 $0 0.00%

    Pennsville National Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $8,285,000 $127,462 $0 0.00%
    Black 5 $305,000 $61,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.22%

    Pennsville National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    97.18%

    Pennsville National 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 71 $8,695,000 $122,465

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    71 $8,695,000 $122,465