Northeast Security Bank Mortgage Rates, Fees & Info
SUMNER, IALEI: 254900UKANDAKWQ7CR03
Tax ID: 42-0253560
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Mortgage Data
Review & Overview
Northeast Security Bank is a smaller bank specializing in Home Purchase and Refi loans. Northeast Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Rochester, and Cedar Rapids among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Northeast Security Bank has an average approval rate when compared to the average across all lenders.
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Originations
49Origination Dollar Volume (All Markets)
$5,055,000Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 33 | $3,465,000 | $105,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 12 | $1,250,000 | $104,167 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 49 | $5,055,000 | $103,163 | $0 | 0.00% |
For 2018, Northeast Security Bank's most frequently originated type of loan was Conventional, with 49 originations.
Loan Reason
For 2018, Northeast Security Bank's most frequently cited loan purpose was Home Purchase, with 29 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 49 | $5,055,000 | $103,163 | $0 | 0.00% |
For 2018, Northeast Security Bank's most frequently cited loan duration was Other, with 49 originations.
Loan Sizing
2018 saw Northeast Security Bank place emphasis on $100,000 or less loans with 33 originations, totaling $1,865,000 in origination value.
Applicant Income
Northeast Security Bank lent most frequently to those with incomes in the $50k or less range, with 13 originations. The second most popular income band? $50k-75k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 49 | $5,055,000 | $103,163 | $0 | 0.00% |
Northeast Security Bank lent most frequently to those with DTI ratios of Exempt%, with 49 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 49 | $5,055,000 | $103,163 | $0 | 0.00% |
Approval Rates
Total approvals of all applications87.50%
Northeast Security Bank has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 49 | $5,055,000 | $103,163 |