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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 Cash Out Refi and Refi loans. Pennsville National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, and Vineland among others. We have data for 3 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 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

    69

    Origination Dollar Volume (All Markets)

    $6,245,000

    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) 65 $5,585,000 $85,923 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $560,000 $280,000 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
    Pennsville National Bank's top markets include Philadelphia, 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 69 $6,245,000 $90,507 $0 0.00%

    For 2019, Pennsville National Bank's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 37 $2,825,000 $76,351 $0 0.00%
    Home Improvement 14 $590,000 $42,143 $0 0.00%
    Refi 10 $1,760,000 $176,000 $0 0.00%
    Home Purchase 8 $1,070,000 $133,750 $0 0.00%

    For 2019, Pennsville National Bank's most frequently cited loan purpose was Cash Out Refi, with 37 originations. The 2nd most popular reason was Home Improvement, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 69 $6,245,000 $90,507 $0 0.00%

    For 2019, Pennsville National Bank's most frequently cited loan duration was Other, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $1,930,000 $43,864 $0 0.00%
    $100k-200k 21 $2,955,000 $140,714 $0 0.00%
    $200k-400k 3 $845,000 $281,667 $0 0.00%
    $400k-600k 1 $515,000 $515,000 $0 0.00%

    2019 saw Pennsville National Bank place emphasis on $100,000 or less loans with 44 originations, totaling $1,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 15 $705,000 $47,000 $0 0.00%
    $100k-150k 14 $910,000 $65,000 $0 0.00%
    $50k-75k 14 $1,200,000 $85,714 $0 0.00%
    $75k-100k 10 $1,030,000 $103,000 $0 0.00%
    $250k+ 7 $1,035,000 $147,857 $0 0.00%
    $150k-250k 6 $550,000 $91,667 $0 0.00%

    Pennsville National Bank lent most frequently to those with incomes in the $50k or less range, with 15 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% 69 $6,245,000 $90,507 $0 0.00%

    Pennsville National Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 64 $5,390,000 $84,219 $0 0.00%
    Native Hawaiian or Islander 2 $710,000 $355,000 $0 0.00%
    Not applicable 1 $105,000 $105,000 $0 0.00%
    Black 2 $40,000 $20,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.36%

    Pennsville National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.16%

    Pennsville National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 69 $6,245,000 $90,507

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 68 $6,220,000 $91,471

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PNC Bank N.A. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 20 5.9%
    PNC Bank N.A. Conventional home mortgage Closing on a mortgage 12 3.5%
    PNC Bank N.A. Conventional home mortgage Incorrect information on your report 8 2.4%
    PNC Bank N.A. Conventional home mortgage Struggling to pay mortgage 52 15.3%
    PNC Bank N.A. Conventional home mortgage Trouble during payment process 96 28.2%
    PNC Bank N.A. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    PNC Bank N.A. FHA mortgage Closing on a mortgage 1 0.3%
    PNC Bank N.A. FHA mortgage Struggling to pay mortgage 8 2.4%
    PNC Bank N.A. FHA mortgage Trouble during payment process 4 1.2%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 17 5.0%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Closing on a mortgage 6 1.8%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Incorrect information on your report 3 0.9%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 0.3%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Problem with fraud alerts or security freezes 1 0.3%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 18 5.3%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Trouble during payment process 61 17.9%
    PNC Bank N.A. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 0.9%
    PNC Bank N.A. Other type of mortgage Closing on a mortgage 5 1.5%
    PNC Bank N.A. Other type of mortgage Incorrect information on your report 1 0.3%
    PNC Bank N.A. Other type of mortgage Struggling to pay mortgage 4 1.2%
    PNC Bank N.A. Other type of mortgage Trouble during payment process 14 4.1%
    PNC Bank N.A. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    PNC Bank N.A. VA mortgage Closing on a mortgage 1 0.3%
    PNC Bank N.A. VA mortgage Struggling to pay mortgage 2 0.6%