Pennsville National Bank Mortgage Rates, Fees & Info
Pennsville, NJLEI: 254900TW0BIDE6JENM80
Tax ID: 22-1861737
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Pennsville National Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Pennsville National Bank has a high proportion of conventional loans. Their top two markets are Philadelphia and Ocean City .Pennsville National 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
70Origination Dollar Volume (All Markets)
$4,480,000Top 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) | 69 | $4,445,000 | $64,420 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 70 | $4,480,000 | $64,000 | $0 | 0.00% |
For 2018, Pennsville National Bank's most frequently originated type of loan was Conventional, with 70 originations.
Loan Reason
For 2018, Pennsville National Bank's most frequently cited loan purpose was Cash Out Refi, with 24 originations. The 2nd most popular reason was Home Improvement, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 70 | $4,480,000 | $64,000 | $0 | 0.00% |
For 2018, Pennsville National Bank's most frequently cited loan duration was Other, with 70 originations.
Loan Sizing
2018 saw Pennsville National Bank place emphasis on $100,000 or less loans with 53 originations, totaling $1,925,000 in origination value.
Applicant Income
Pennsville National Bank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 70 | $4,480,000 | $64,000 | $0 | 0.00% |
Pennsville National Bank lent most frequently to those with DTI ratios of Exempt%, with 70 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 66 | $4,200,000 | $63,636 | $0 | 0.00% |
| Not applicable | 3 | $265,000 | $88,333 | $0 | 0.00% |
| Black | 1 | $15,000 | $15,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications85.71%
Pennsville National Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.57%
Pennsville National Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 70 | $4,480,000 | $64,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $35,000 | $35,000 |
| Single Family (1-4 Units):Site-Built | 69 | $4,445,000 | $64,420 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PNC Bank N.A. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 16 | 4.0% |
| PNC Bank N.A. | Conventional home mortgage | Closing on a mortgage | 6 | 1.5% |
| PNC Bank N.A. | Conventional home mortgage | Improper use of your report | 1 | 0.2% |
| PNC Bank N.A. | Conventional home mortgage | Incorrect information on your report | 3 | 0.7% |
| PNC Bank N.A. | Conventional home mortgage | Struggling to pay mortgage | 43 | 10.6% |
| PNC Bank N.A. | Conventional home mortgage | Trouble during payment process | 97 | 24.0% |
| PNC Bank N.A. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 0.7% |
| PNC Bank N.A. | FHA mortgage | Closing on a mortgage | 5 | 1.2% |
| PNC Bank N.A. | FHA mortgage | Incorrect information on your report | 1 | 0.2% |
| PNC Bank N.A. | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 0.5% |
| PNC Bank N.A. | FHA mortgage | Struggling to pay mortgage | 9 | 2.2% |
| PNC Bank N.A. | FHA mortgage | Trouble during payment process | 10 | 2.5% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 13 | 3.2% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 5 | 1.2% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 3 | 0.7% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 19 | 4.7% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 115 | 28.5% |
| PNC Bank N.A. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 1.2% |
| PNC Bank N.A. | Other type of mortgage | Closing on a mortgage | 4 | 1.0% |
| PNC Bank N.A. | Other type of mortgage | Incorrect information on your report | 2 | 0.5% |
| PNC Bank N.A. | Other type of mortgage | Struggling to pay mortgage | 12 | 3.0% |
| PNC Bank N.A. | Other type of mortgage | Trouble during payment process | 27 | 6.7% |
| PNC Bank N.A. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.2% |
| PNC Bank N.A. | VA mortgage | Trouble during payment process | 2 | 0.5% |